Global AIOps Market Opportunities, Size, Share, Emerging Trends, Technological Innovation, And Forecasts To 2030
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 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.
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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