AIOps Market Report by Organization Size (Small and Medium Enterprises, Large Enterprises), Deployment Mode (On-premise, Cloud), End Use Industry (Media and Entertainment, IT and Telecom, Retail, BFSI, Healthcare, and Others), and Region 2023-2028
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:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
Segment Coverage
Organization Size, Deployment Mode, End Use Industry, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
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.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
We expect the global AIOps market to exhibit a CAGR of 21.19% during 2023-2028.
The growing application of AIOps platform across several end-use industries, to monitor the transactions
performed by employees, customers, and external agencies and prevent security breaches, is primarily
catalyzing the global AIOps market.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of AIOps for enhanced
information security in remote working model, to automate tasks and processes with minimal human
interventions.
Based on the organization size, the global AIOps market can be segmented into small and medium
enterprises and large enterprises, where large enterprises currently hold the majority of the total
market share.
Based on the deployment mode, the global AIOps market has been divided into on-premise and cloud.
Currently, on-premise exhibits a clear dominance in the market.
Based on the end use industry, the global AIOps market can be categorized into media and
entertainment, IT and telecom, retail, BFSI, healthcare, and others. Among these, the BFSI industry
accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global AIOps market include 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.
Need more help?
Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.