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AIOps Platform Market worth $53.50 billion by 2030, growing at a CAGR of 21.76% - Exclusive Report by 360iResearch
AIOps Platform Market | 360iResearch
The Global AIOps Platform Market to grow from USD 13.48 billion in 2023 to USD 53.50 billion by 2030, at a CAGR of 21.76%.
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An artificial intelligence for IT operations (AIOps) platform utilizes advanced algorithms, machine learning, and big data analytics to automate and enhance IT operations. AIOps aid in problem detection, root cause analysis, and proactive resolution of issues by analyzing various IT tools and devices' vast volumes of operational data. This allows organizations to streamline IT operations, reduce downtime, and optimize service performance. The increasing complexity of IT infrastructure and a growing volume of data drives the market growth. However, the market faces limitations, such as a lack of skilled professionals adept at implementing and managing AIOps platforms. In addition, data security and privacy concerns associated with AIOps integration limit the adoption of the AIOps platform. Furthermore, advancements in AI and machine learning technologies further propel the demand for smart IT operations solutions. Enterprises are progressively adopting cloud-based AIOps solutions due to their scalable nature and cost efficiency.
In the Americas region, the demand for AIOps platforms is driven by a mature IT infrastructure and the presence of a significant number of large-scale enterprises that are early adopters of AI technology. The focus on enhancing user experience and optimizing IT operations cost-effectively is prevalent among businesses. The need for agility, scalability, and advanced analytics in IT operations influences customer purchasing behaviors in the region. Investments in AI and ML technologies and a robust research ecosystem lead to ongoing innovation and cater to many verticals, including finance, healthcare, and retail. A high emphasis on regulatory compliance, data privacy, and digital transformation initiatives is observed in the European Union. This has resulted in a strong demand for AIOps solutions that provide insights while adhering to GDPR and other regulations. European enterprises exhibit cautious purchasing behavior, preferring AIOps solutions and prioritizing security and compliance. South America and MEA are promising regions for the AIOps platform market, with both displaying strong growth trends influenced by economic diversification, digital transformation initiatives, and the rise of smart infrastructure investments. The Asia-Pacific region is rapidly embracing AIOps platforms, with countries such as China, Japan, and India leading the way. The government's initiatives underline the national strategy for AI and, by extension, AIOps, showing strong commitment and investment in this technology. Companies focus on technological innovation, and the need to manage complex IT systems effectively drives the AIOps market. The burgeoning IT sector has a vast pool of tech-savvy professionals contributing to adopting AIOps solutions.
Market Segmentation & Coverage:
This research report categorizes the AIOps Platform Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Platform and Services. The Platform commanded largest market share of 61.77% in 2023, followed by Services.
Based on Deployment, market is studied across Cloud and On-premise. The Cloud commanded largest market share of 85.77% in 2023, followed by On-premise.
Based on Organization Size, market is studied across Large Enterprises and Small & Medium Enterprises. The Large Enterprises commanded largest market share of 82.88% in 2023, followed by Small & Medium Enterprises.
Based on Application, market is studied across Application Performance Analysis, Infrastructure Management, Network & Security Management, and Real-Time Analytics. The Infrastructure Management commanded largest market share of 28.43% in 2023, followed by Network & Security Management.
Based on Vertical, market is studied across BFSI, Energy & Utilities, Government & Defense, Healthcare & Life Sciences, IT & Telecom, Media & Entertainment, and Retail & eCommerce. The IT & Telecom commanded largest market share of 20.33% in 2023, followed by BFSI.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.65% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the AIOps Platform Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the AIOps Platform Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the AIOps Platform Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services, Inc., BigPanda, Inc., BMC Software, Inc., Broadcom Inc., Cisco Systems, Inc., CloudFabrix Software Inc., Cloudwise, Datadog, Inc., Dell Inc., Dynatrace, Inc., Elasticsearch B.V., GAVS Technologies, Google LLC by Alphabet Inc., HCL Technologies Limited, Hewlett Packard Enterprise Company, Hexaware Technologies Limited, Infosys Ltd., International Business Machines Corporation, Knot Solutions Pvt. Ltd., LogicMonitor Inc., LTIMindtree Limited, MeshIQ, Microsoft Corporation, Netreo, Inc., New Relic, Inc., OKESTRO Co., Ltd., OpenText Corporation, Oracle Corporation, PagerDuty, Inc., Prodapt Solutions Private Limited, ProphetStor Data Services, Inc., ScienceLogic, Inc., Selector Software, Inc., ServiceNow, Inc., Sigma Data Systems, Tata Consultancy Services Limited, Tech Mahindra Limited, VuNet Systems Private Limited, Wipro Limited, Zenoss Inc., and Zoho Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. AIOps Platform Market, by Component
7. AIOps Platform Market, by Deployment
8. AIOps Platform Market, by Organization Size
9. AIOps Platform Market, by Application
10. AIOps Platform Market, by Vertical
11. Americas AIOps Platform Market
12. Asia-Pacific AIOps Platform Market
13. Europe, Middle East & Africa AIOps Platform Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the AIOps Platform Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the AIOps Platform Market?
3. What is the competitive strategic window for opportunities in the AIOps Platform Market?
4. What are the technology trends and regulatory frameworks in the AIOps Platform Market?
5. What is the market share of the leading vendors in the AIOps Platform Market?
6. What modes and strategic moves are considered suitable for entering the AIOps Platform Market?
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