Press release
AIOps Market Statistics, Emerging Trends, Key Drivers And Forecast To 2033
AIOps Market
The aiops market size is expected to see exponential growth in the next few years. It will grow to $24.62 billion in 2028 at a compound annual growth rate (CAGR) of 28.3%. The growth in the forecast period can be attributed to evolution in containerization and microservices management, ongoing increase in volume of alerts and false positives, growth in adoption of agile and devops practices.. Major trends in the forecast period include integration with devops practices, focus on proactive problem resolution, enhanced user experience monitoring, advanced analytics for predictive insights, hybrid and multi-cloud management, context-aware incident management..
Market Overview -
AIOps refer to artificial intelligence for IT operations, which refers to the use of natural language processing and machine learning models to help simplify and automate operational processes. This is useful for large enterprises that generate massive amounts of log and performance data that can be used to monitor assets and get visibility into dependencies within and outside IT systems.
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Artificial Intelligence Driving Growth In The Aiops Market
The increase in adoption of artificial intelligence is driving the AIOps market. Artificial intelligence (AI) is a replication of human intelligence that is programmed to think and act like humans. AI improves organizations in various ways, from boosting customer experiences to automating repetitive labor. AI collects and combines the enormous and expanding amounts of data produced by IT infrastructure components and removes unwanted data or noise to identify occurrences and patterns associated with problems with application availability and performance. It reduces this hectic work and works efficiently due to this organization adopting AI. According to a Forbes report, AI is already benefiting 86% of organizations, and 25% of organizations with significant AI deployment anticipate the technology to pay off in higher revenue by 2021. Therefore, increasing adoption of AI in various sectors is expected to boost demand for AIOps during the forecast period.
Competitive Landscape -
Major companies operating in the aiops market report are BMC Software Inc, IBM Corporation, Moogsoft Inc, Splunk Inc, Appdynamics LLC (Cisco Systems Inc), Sumo Logic Inc., Dynatrace LLC, Extrahop Networks Inc., New Relic Inc., Resolve Systems LLC, Stackstate BV, CA Technologies, Micro Focus International plc, Dell Inc., Broadcom Inc., ScienceLogic, Correlata Solutions, Loom Systems, OpsRamp Inc., PagerDuty Inc., BigPanda Inc., Datadog Inc., Elastic N. V., LogicMonitor Inc., Zoho Corporation, Netreo Inc., Atlassian Corporation Plc, Opsview Ltd., Microsoft Azure AI, Google LLC
Strategic Partnerships Driving Growth In The Aiops Market
Strategic Partnership is a key trend gaining popularity in the AIOps market. The companies operating in AIOps sector are focusing on a strategic partnership to expand their new product development activities and penetrate into new markets. For instance, In April 2023, IBM Consulting, US-based IT service management company, partnered with CloudFabrix, US-based data-centric AIOps platform provider. Through this collaborating, both companies help clients execute next-generation IT operations use cases such as enterprise-wide observability, composable in-place search, and asset intelligence analytics by unifying data, AI, and automation.
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https://www.thebusinessresearchcompany.com/report/aiops-global-market-report
Key Segments -
The aiops market covered in this report is segmented -
1) By Component: Platform, Services
2) By Organization Size: Small and Medium Enterprises, Large Enterprise
3) By Deployment Mode: On Premise, Cloud
4) By Application: Real-Time Analytics, Infrastructure Management, Network & Security Management, Application Performance Management, Other Applications
5) By End-Use: Banking, Financial Services, and Insurance (BFSI), Information Technology (IT) & Telecom, Healthcare, Retail, Government, Manufacturing, Media & entertainment, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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