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Global Artificial Intelligence For IT Operations Platform Market Expected to Achieve 22.3% CAGR by 2029: Growth Forecast Insights
Artificial Intelligence For IT Operations Platform
Artificial Intelligence For IT Operations Platform Market Size Growth Forecast: What to Expect by 2025?
The market size of the artificial intelligence for IT operations platform has experienced rapid growth in recent years. The market, which is expected to increase from $14.81 billion in 2024 to $17.94 billion in 2025, boasts a compound annual growth rate (CAGR) of 21.1%. Factors such as an uptick in IT infrastructure complexity, surge in data volumes, the desire for immediate insights, and the requirement for cost-effective solutions have contributed to the significant growth observed in the historic period.
How Will the Artificial Intelligence For IT Operations Platform Market Size Evolve and Grow by 2029?
There is an expected surge in the size of the artificial intelligence for IT operations platform market in the upcoming years, with expectations for it to reach $40.13 billion by 2029, marking a compound annual growth rate (CAGR) of 22.3%. This growth during the forecast period is largely due to the adoption of machine learning algorithms, integration with DevOps practices, focus on predictive analytics, rise of autonomous IT operations, and the growth of edge computing. Noteworthy trends for this period include the management of hybrid and multi-cloud, increased focus on AIOps for cybersecurity, the integration of AI with IT Service Management (ITSM), a shift towards event correlation and root cause analysis, and the rise of explainable AI for better transparency and regulatory compliance.
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What Drivers Are Propelling the Growth of Artificial Intelligence For IT Operations Platform Market Forward?
The burgeoning use of cloud-based infrastructure within the information technology (IT) industry is predicted to spur the expansion of the artificial intelligence for IT operations platform market. Cloud-based infrastructure encompasses computing resources like servers and storage that are administered and delivered via the internet through cloud services. Such platforms enhance AIOps by offering scalable infrastructure, promoting smooth data storage, and facilitating real-time analytics to streamline and automate IT operations. For example, the European Commission (EC), a Belgium-based executive arm of the European Union (EU), reported in December 2023 that cloud-based solutions' adoption had risen by 4.2% in the EU during 2023. This rise was reflected in 45.2% of enterprises purchasing cloud computing services, 79% of the information and communication sector, and 77.6% of large enterprises - a significant increase from 2021. Consequently, the swift adoption of cloud-based infrastructure within the IT industry is propelling the artificial intelligence for IT operations platform market's development.
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Which Emerging Trends Are Transforming the Artificial Intelligence For IT Operations Platform Market in 2025?
Major firms in the artificial intelligence for IT operations platform market, such as EY.AI, are intensifying their efforts to roll out artificial intelligence platforms to secure a competitive advantage. These AI platforms are software solutions that capitalise on advanced processing capabilities, data analytics and machine learning algorithms to facilitate the creation, deployment, and management of AI applications and services. For example, in September 2023, EY.ai, an AI platform for IT operations that leverage AI to transform IT operations, was launched by Ernst & Young, a law firm based in the UK. The goal of the platform is to pair human skillsets with AI to enable EY clients to implement AI in their businesses in a responsible and confident manner. EY.ai relies on the latest EY technology platforms and AI potentials, coupled with a robust AI ecosystem, to enhance its extensive experience in strategy, transactions, transformation, risk, assurance, and tax.
What Are the Key Segments in the Artificial Intelligence For IT Operations Platform Market?
The artificial intelligence for it operations platformmarket 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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Who Are the Key Players Shaping the Artificial Intelligence For IT Operations Platform Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in 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.
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