Press release
Global Artificial Intelligence For IT Operations Platform Market to Reach $40.68 Billion by 2029, Growing at 22.5% CAGR
Artificial Intelligence For IT Operations Platform Market
The accelerated adoption of cloud-based systems in the IT industry is predicted to stimulate the expansion of the artificial intelligence for IT operations platform market in the future. Cloud-based infrastructure includes computing resources like servers and storage, which are delivered and managed via the internet through cloud services. These cloud-based platforms boost artificial intelligence for IT operations (AIOps) by offering scalable infrastructure, enabling effortless data storage, and facilitating real-time analytics for optimal IT operations automation. For instance, in December 2023, the European Commission (EC), an executive body of the European Union (EU) based in Belgium, reported a 4.2% rise in the adoption of cloud-based solutions, with 45.2% of businesses procuring cloud computing services. The information and communication sector saw a 79% uptake, and large enterprises recorded a 77.6% uptake, showing notable growth as compared to 2021. Thus, the accelerated adoption of cloud-based systems in the IT sector propels the evolution of the artificial intelligence for IT operations platform market.
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What is the projected compound annual growth rate (CAGR) of the artificial intelligence for it operations platform market from 2025 to 2034, and what factors influence it?
The market size for the artificial intelligence in IT operations platform has seen substantial expansion recently. Seeing a surge from $14.81 billion in 2024 to $18.07 billion in 2025, it exhibits a compound annual growth rate (CAGR) of 22.0%. The rise in the previous era is due to factors such as the increasing intricacy of the IT infrastructure, escalating data volumes, the requirement for immediate insights, and the necessity for cost effectiveness.
Expectations are high for the artificial intelligence for IT operations (AIOps) platform market to witness remarkable growth in the forthcoming years, with projections of reaching $40.68 billion by 2029 and a compound annual growth rate (CAGR) of 22.5%. This anticipated expansion during the forecast period is largely owed to the incorporation of machine learning algorithms, the merging with DevOps practices, the prioritization of predictive analytics, the surge of self-governing IT operations, and the spread of edge computing. The forecast period is also set to observe key trends such as the management of hybrid and multi-cloud, the use of AIOps for cybersecurity, the fusion of AI and IT service management (ITSM), a shift towards event correlation and root cause analysis, along with the arrival of explainable AI for transparency and compliance.
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What new trends are reshaping the artificial intelligence for it operations platform market and its opportunities?
Dominant businesses in the AI for IT operations platform market are enhancing their strategic initiatives by unveiling innovative AI platforms like EY.AI, thereby gaining a competitive advantage. AI platforms are software solutions incorporated with features like superior processing abilities, data analytics, and machine learning algorithms that facilitate the creation, implementation, and administration of AI apps and services. For instance, in September 2023, Ernst & Young, a law firm originating from the UK, brought forth EY.ai, an AI platform specifically crafted for IT operations. This platform's intent is to harness AI's strength to transform IT operations in various organizations. It seeks to amalgamate human skills with AI's power to guide EY's clientele in adopting AI confidently and ethically to revolutionize their businesses. EY.ai employs state-of-the-art EY technology platforms and AI competencies, backed up by a dynamic AI ecosystem. This platform is further strengthened by EY's extensive experience in areas like strategy, transactions, transformation, risk, assurance, and tax.
What are the major segments of the artificial intelligence for it operations platform market and their role in driving growth?
The artificial intelligence for it operations platform market covered in this report is segmented -
1) By Type: Software, Service
2) By Technology: Natural Language Processing (NLP), Computer Vision, Machine Learning (ML), Context-Aware Computing
3) By Deployment Model: Cloud, On-Premises
4) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
5) By Application: IT Infrastructure, Application Performance Monitoring (APM), Real-Time Analytics, Network Security
Subsegments:
1) By Software: Cloud-Based AIOps Software, On-Premises AIOps Software
2) By Service: Professional Services, Managed Services
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Which regions are key players in the growth of the artificial intelligence for it operations platform market?
North America was the largest region in the artificial intelligence for IT operations platform market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence for IT operations platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the artificial intelligence for it operations platform market?
Major companies operating in the artificial intelligence for IT operations platform market report are Amazon.com Inc., Apple Inc., Google (Alphabet Inc.), Microsoft Corporation, IBM Corporation, Broadcom Inc., VMware Inc., HCL Technologies Limited, ServiceNow Inc., Splunk Inc., BMC Software Inc., Micro Focus International plc, SS&C Blue Prism, Dynatrace Inc., Sumo Logic Inc., C3.ai Inc., DataRobot Inc., AppDynamics, Lily AI, Resolve Systems LLC, Big Panda Inc, FixStream Network Inc., ProphetStor Data Services Inc., OpenAI LP, Clarifai Inc., Sherpa.ai, Moogsoft Inc., H2O.ai, Nauto Inc
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What Is Covered In The Artificial Intelligence For IT Operations Platform Global Market Report?
• Market Size Forecast: Examine the artificial intelligence for it operations platform market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the artificial intelligence for it operations platform market for a structured understanding.
• Key Players Overview: Analyze major players in the artificial intelligence for it operations platform market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence for it operations platform market.
• Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence for it operations platform market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence for it operations platform market.
• Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence for it operations platform market.
• Competitive Landscape: Review strategic developments in the artificial intelligence for it operations platform market, including expansions, agreements, and new product launches.
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