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AIOps Market Segmentation by Component (Service, Software, and Others); by Deployment Type (On-Premise, and Cloud-based); by Application (Real-time Analytics, Infrastructure Management, Application Performance Management, and Others); by Vertical (Telecom & IT, BFSI, Healthcare and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of AIOps Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • April 28, 2021: Moogsoft Inc. and HCL Technologies Limited to join hands to develop AI based automated incident remediation of IT incidents. This will significantly increase the operational efficiency and frequency of DevOps platforms.

Global AIOps Market Highlights over 2022-2030

The global AIOps market is estimated to garner notable revenue by growing at a robust CAGR of ~30% over the forecast period, i.e., 2022–2030. The growth of the market can be attributed to the increasing penetration of artificial intelligence (AI) into various end-user industries, and increasing dependence on cloud and virtual infrastructure backed by the constant work-from-home situation globally. AIOps encompasses various services, such as, data output, aggregation, analytics, automation, ML, and visualization, along with providing flexible, and centralized multi-layered platform. The increasing acceptance of AIOps in the place of DevOps in the IT sector is estimated to be the primary growth driver for the market. Along with this, various advantages of artificial intelligence over human intelligence, such as, reducing false positives, and building alert correlation, is increasing the demand for AIOps platforms worldwide. Moreover, accuracy and speed provided by AIOps platforms for handling large volume of data, is another factor estimated to boost the growth of the market. It is anticipated that in the coming years more than 9 businesses out of 10 would be investing in artificial intelligence. The growing investments of organizations in the field of artificial intelligence, backed by the boost in productivity witnessed by businesses post implementation, is further anticipated to drive the growth of the AIOps market in the coming years. Furthermore, the impact of COVID-19 on work patterns, and increasing adoption of work from home is estimated to positively influence the market growth.

Global-AIOps-Market-Overview

The global AIOps market is segmented by deployment type into on-premise, and cloud-based, out of which, the cloud-based segment is anticipated to hold the largest share in the market during the forecast period on account of increasing penetration of cloud computing among various end-user verticals, along with the increasing population of the tech-savvy generation in developing countries. More than 80% of all enterprises across the globe used multi-cloud strategy by 2019. In fact, with the increasing usage of smartphones, an average person used more than 30 cloud-based applications on a daily basis. CLICK TO DOWNLOAD SAMPLE REPORT

Based on application, the global AIOps market is segmented into real-time analytics, infrastructure management, application performance management, and others, out of which the real-time analytics segment is estimated to grow at the highest CAGR during the forecast period, as it provides real-time numbers and data, which is time conserving and convenient.

Major Macro-Economic Indicators Impacting the Market Growth

Global-Research-and-Development-Expenditure

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, internet of things (IoT), and artificial intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global AIOps Market Regional Synopsis

Regionally, the global AIOps market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is estimated to garner largest share over the forecast period on the back of higher adoption of IoT, AI and cloud computing, among other advanced technologies. Moreover, growing IT sector, and increasing implementation of cloud-based technology in the region are estimated to boost the growth of the regional market. There were more than 3 million people employed in the IT sector in US, as of 2019, and this sector generated a revenue of over USD 1.5 trillion.

The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period on the back of increasing technological development in the countries, including Japan, China, and India. Furthermore, increasing population working from home, due to severe affects of coronavirus pandemic, is another major factor estimated to boost the regional market growth over the years.

Global-AIOps-Market-Share

The global AIOps market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global AIOps market includes the following segments:

By Component

  • Software
  • Service
  • Others

By Deployment

  • On-Premise
  • Cloud-based

By Application

  • Real-time Analytics
  • Infrastructure Management
  • Application Performance Management
  • Others

By Vertical

  • Telecom and IT
  • BFSI
  • Healthcare
  • Others

Growth Drivers

  • Increasing Adoption of Artificial Intelligence
  • Advantages of AIOps compared to DevOps

Challenges

  • Rapid Changes in IT Operations
  • Lack of Skilled Work Force

Top Featured Companies Dominating the Market

  • IBM
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • CA Technologies (Broadcom Inc.)
  • Micro Focus International plc
  • BMC Software, Inc.
  • Dell Inc.
  • Splunk Inc.
  • HCL Technologies Limited
  • AppDynamics
  • Moogsoft Inc.
  • Correlsense

 

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