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The global AIOps market is estimated to grow at a CAGR of ~30% over the forecast period, i.e., 2022-2030. The market is bifurcated on the basis of deployment type into on-premise, and cloud-based, out of which the cloud-based segment in estimated to gain the largest market share during the forecast period, owing to the increasing penetration of cloud-computing technology amongst the various end-user sectors on a global level. As of 2019, more than 80% of all enterprises across the globe were using multi-cloud strategy.
On the basis of vertical, the market is segmented into Telecom & IT, BFSI, healthcare and others. Among these, the telecom & IT segment is anticipated to hold the largest share throughout the forecast period, on the back of early adoption of advanced technology in the IT sector, along with the increasing share of IT sector in the global GDP. The global IT industry touched the mark of USD 5 trillion in terms of revenue, in 2020.
Research Nester published a report titled “AIOps Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global AIOps market in terms of market segmentation by components, deployment type, application, vertical, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global AIOps market is estimated to grow on the back of increasing penetration of artificial intelligence technology, along with the growing adoption of advanced technologies, such as IoT and cloud-computing. Moreover, the advantages offered by AIOps over DevOps, such as higher accuracy, and reduction of false positives, are estimated to boost the market growth over the years. Furthermore, frequent launches of new technologies, and product pipeline is another major factor projected to fuel the market growth.
Regionally, the global AIOps market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, the market in the Asia Pacific region is anticipated to grow with the highest CAGR over the forecast period on account of increasing technological development in the developing countries, including Japan, China, and India. The market in the North America region is estimated to hold the largest market share over the forecast period on the back of growing IT industry along with highest penetration of advanced technologies in the region.
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Advantages of Using Artificial Intelligence to boost the Market Growth
More than 9 out of 10 businesses are expected to invest in artificial intelligence to raise their productivity.
With the increasing penetration of artificial intelligence amongst the various end-user industries, systems are becoming more complicated with increasing data volume, which is why, AI based platforms are deployed for accurate data outcomes. Moreover, advantages of AIOps platforms, such as, data output, analytics, aggregation, automation, and flexible and centralized multi-layered platform, are expected to boost the market growth.
However, new and advanced technologies and lack of skilled workers are expected to operate as key restraint to the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global AIOps market which includes company profiling of IBM, CA Technologies (Broadcom Inc.), Micro Focus International plc, BMC Software, Inc., Dell Inc., Splunk Inc., HCL Technologies Limited, AppDynamics, Moogsoft Inc., and Correlsense. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global AIOps market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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