AIOps Market

Market Overview:

The global AIOps market size reached US$ 19.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 60.9 Billion by 2028, exhibiting a growth rate (CAGR) of 21.19% during 2023-2028.

Artificial intelligence for information technology operations (AIOps) refers to a platform used for employing AI and machine learning solutions to automate tasks and processes with minimal human intervention. It utilizes various algorithms to gather, review and analyze data related to the IT operations in real-time to gain actionable insights. It can be deployed on static physical systems or on-premises, private and hybrid cloud environments through virtualized or software-defined resources. AIOps collects and aggregates data using performance monitoring tools, identifies system issues and patterns, diagnoses causes and reports the bugs for prompt response and remediation. It is also used for capacity optimization and network, log and application monitoring.

AIOps Market Trends:

The increasing demand for automation across various industries, such as banking, financial services and insurance (BFSI), healthcare, automation, IT and logistics, is one of the key factors driving the market growth. Organizations utilize AIOps for monitoring the activities and transactions performed by employees, customers and external agencies and preventing security breaches. In line with this, the widespread adoption of the work-from-home (WFH) trend by the enterprises is also contributing to the growth of the market. AIOps are used for enhanced information security while working remotely. Additionally, various technological advancements in the cloud-computing solutions are acting as another growth-inducing factor. Organizations are increasingly adopting cloud-based solutions for core business applications and performance, network and security management. AIOps also aids in enhancing the overall efficiency of the service delivery infrastructure. Other factors, including significant improvements in the IT infrastructure, especially in the developing economies, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global AIOps market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on organization size, deployment mode and end use industry.

Breakup by Organization Size:

• Small and Medium Enterprises
• Large Enterprises
   

Breakup by Deployment Mode:

• On-premise
• Cloud
   

Breakup by End Use Industry:

• Media and Entertainment
• IT and Telecom
• Retail
• BFSI
• Healthcare
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Appdynamics (Cisco Systems Inc.), BMC Software Inc., Broadcom Inc., Dynatrace Inc., HCL Technologies, International Business Machines Corporation, Micro Focus International plc, Moogsoft Inc., Resolve Systems LLC, Splunk Inc., Vmware Inc. (Dell Technologies Inc.) and Zenoss Inc.

Report Coverage: