Global AIOps Platform Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global AIOps Platform Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global AIOps platform market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global AIOps platform market report has been segmented on the basis of component, organization size, industry vertical, and region.
Artificial Intelligence for IT Operations (AIOps) is a multilayered technology platform that combines big data and artificial intelligence (AI) functionality in order to replace a broad range of IT operations processes and tasks including availability and performance monitoring, event correlation and analysis, IT service management, and automation. The AIOps platform is used for Artificial Intelligence and advance algorithm techniques to analyze big data for various IT and business operation tools.
Increasing organization preference towards digital transformation and rising adoption of various innovative technologies in order to improve efficiency in businesses is a major factor expected to drive growth of the global AIOPs platform market over the forecast period. In addition, rising demand for real time data analysis owing to its ability to analyze large volume of data through application of various algorithm is another factor expected to further fuel growth of the target market over the forecast period.
Furthermore, introduction of new technology, such as stream mining in-database analytics and in-memory analytics that offers real time analytical solutions for situational intelligence, fraud detection, and customer interactions is another factor expected to propel growth of the global market over the forecast period. Moreover, increasing adoption of cloud-based platform across various industrial verticals such as healthcare, e-commerce, banking, etc., coupled with the installation of Internet of things devices– offers large amount of real time data which in turn is expected to boost growth of the global market over the forecast period.
However, lack of skilled professionals for handling AIOps platform is a key factor expected to restrain growth of the global AIOps platform over the forecast period.
Ongoing trend observed in the target market is increasing adoption of Internet of Things devices in order to generate real time analysis across various industries is expected to support growth of the global AIOps platform market over the forecast period.
Increasing government initiatives for improving existing infrastructure is expected to create potential revenue opportunities for the global AIOps platforms market over the forecast period.
Analysis by Region
The market in North America is expected to dominate the global AIOps platform market in terms of revenue over the forecast period, owing to early adoption of advanced technologies such as Artificial intelligence, big data, machine learning across various countries in the region. In addition, strong presence of major IT companies such as Google Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation, etc., across various countries in the region is expected to support growth of AIOps platform market in the North America.
Global AIOps Platform market segmentation:
Segmentation by component:
Segmentation by organization size:
- Small and Mid-Size Companies
- Large Enterprises
Segmentation by industry vertical:
- Banking, Financial Services, and Insurance
- Healthcare and Life Sciences
- Retail and Consumer Goods
- IT and Telecom
- Media and Entertainment
- Others (Education, Automotive, Transport and Logistics, and Energy and Utilities)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- International Business Machines Corporation
- Splunk Inc.
- CA Technologies
- VMware, Inc.
- Micro Focus International plc
- HCL Technologies Limited
- AppDynamics LLC
- BMC Software, Inc.
- Moogsoft Inc.
- FixStream Network Inc.
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