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AIOps Market : Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports
AIOps Market SizeThe global Algorithmic IT Operations (AIOps) market size is projected to reach USD 23.9 Billion by 2027, from USD 4.0 Billion in 2020, at a CAGR of 30% during 2021-2027. AIOps is the application of artificial intelligence to IT operations. AIOps helps to quickly extract actionable insights from operational data to help automate tasks and processes that have traditionally required human intervention. Key drivers of the aiops market include increased adoption of cloud based IT solutions and increasing modes of online payments.
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AIOps Market Share Analysis
Based on region, North America is expected to hold the largest aiops market share during the forecast period due to rapid technological advancements in the region, increasing R&D initiatives , convergence of technologies such as AI, ML, big data and analytics and continued innovations by the tech giants such as Google, Amazon,IBM etc.
Based on application, SMEs segment is expected to provide lucrative opportunities in the aiops market share during the forecast period as artificial intelligence is a costly endeavor requiring a team of highly skilled AI professionals. These professionals charge huge sums of money hence small and medium scale enterprises are preferring wider adoption of aiops technology than large scale enterprises.
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AIOps Market Segmentation
By Type
• Cloud
• On-Premises
By Application
• SMEs
• Large Enterprises
Key Companies
• AppDynamics (Cisco)
• Dynatrace
• Splunk
• IBM
• BigPanda
• Zenoss
• Moogsoft
• PagerDuty
• Datadog
• Micro Focus
• Netreo
• ScienceLogic
• ServiceNow
• Broadcom
• New Relic
• StackState
• LogicMonitor
• Instana
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