About Contact Us Careers
Sign In

AIOps Market Size & Share, by Component (Service, Software), Deployment (On-Premise, Cloud-based), Application (Real-time Analytics, Infrastructure Management, Application Performance Management), End-user (Telecom & IT, BFSI, Healthcare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3309
  • Published Date: Jul 23, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

AIOps Market size was valued at USD 55.91 Billion in 2023 and is expected to reach USD 3.78 Trillion by the end of 2036, expanding at around 38.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of aiops is assessed at USD 75.18 Billion. Platforms for AIOps are crucial for enhancing IT security & risk management. Through utilizing AI algorithms, these systems are able to detect and respond to security vulnerabilities in real time, permitting speedier incident response and mitigation. By 2030, AI is predicted to generate USD 15.7 trillion for the global economy, which is more than China and India now produce together.

Furthermore, they provide cutting-edge anomaly detection techniques that aid in the identification of possible security gaps and vulnerabilities. There has been a growing trend of working from home, as it improves the productivity of employees which is predicted to elevate the growth of the market. Productivity rises by 47% when the work-from-home paradigm is used. Employee preference for working from home is 82%.

AIOps Market
Get more information on this report: Request Free Sample PDF

AIOps Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Adoption of Root Cause Analysis-Businesses may benefit from faster and more precise root cause analysis using AIOps, which is challenging with the manual methods that have traditionally been employed in corporate and commercial contexts. Approximately 97% of IT professionals, according to research by Broadcom, think that AIOps will offer practical insights to aid in automating and optimizing overall IT operations processes.
  • Increasing Business Usage of AIOps Solutions- AIOps will play a significant role in helping organizations and IT teams adopt complicated next-generation technologies that cannot be properly managed with conventional solutions. Additionally, businesses from a variety of industry sectors have been concentrating on integrating automation and AI technology into their IT processes.
  • Surge in Data Quantities and Usage of The Cloud- DevOps systems have evolved to be smarter for smooth and efficient business operations as IT tools and devices have, leading to a rise in the usage of AIOps. The global expansion of cloud computing usage is another factor driving the automation of these processes. Due to the pandemic, globally, over 30% of SMBs employed cloud computing services more frequently than anticipated.

Challenges

  • Reliance on Algorithms and Machine Learning- Algorithms are used by AIOps to identify and examine data trends. These algorithms may be useful in some circumstances, but they also run the risk of producing false positives or false negatives. An algorithm could, for instance, identify a pattern even when it isn't truly there in the data. This may result in wrong choices or outcomes.
  • Rapid Changes in the IT sector
  • Lack of Skilled Workforce

AIOps Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

38.3%

Base Year Market Size (2023)

 USD 55.91 Billion

Forecast Year Market Size (2036)

 USD 3.78 Trillion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

AIOps Segmentation

Application (Real-time Analytics, Infrastructure Management, Application Performance Management)

The real-time analytics segment in the AIOps market is anticipated to have the largest revenue share of 35% during the forecast period. The growth of the segment can be impelled by the AIOps platforms' ability to analyze massive amounts of data from numerous sources while also applying a variety of algorithms to the data in real-time to give real-time pattern diagnosis This platform assists in obtaining timely issue analysis and diagnosis as well as practical insights.  The meantime to identify and fix is shortened. Real-time analytics help organizations correlate performance problems and infrastructure modifications to incident tickets by revealing trends.

Vertical (Telecom & IT, BFSI, Healthcare)

The BFSI segment holds more than 42% of the AIOps market share during the forecasted timeline. The quick adoption of AIOps in the sector, particularly for ensuring financial & banking-related data security, is attributed to the segment’s growth in the market. Moreover, AI has several uses in banking and financial IT operations, such as real-time analytics, troubleshooting difficult IT problems, and banking automation. Financial institutions may efficiently optimize their processes, increase overall efficiency, and improve security for their sensitive data by utilizing the potential of AI.

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

     Component
  • Service
  • Software

     Deployment
  • On-Premise
  • Cloud-based

     Application
  • Real-time Analytics
  • Infrastructure Management
  • Application performance Management

     Vertical
  • Telecom & IT
  • BFSI
  • Healthcare

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

AIOps Industry - Regional Synopsis

North American Market Forecast

The AIOps market in North America is anticipated to have a 35% share of the market. The regional dominance among developed economies, allows them to make significant investments in R&D activities. In addition, the rising convergence of various technologies and the diffusion of digital transformation across businesses have had an influence on the area and increased IT budget spending. The region's IT behemoths, including IBM and VMware, are concentrating on providing AI-powered services to aid their clients in developing intelligent applications in order to fulfill the need for AI-powered solutions. In 2022, North America held the largest revenue share (51.1%) in the worldwide artificial intelligence market.

APAC Market Statistics

Asia Pacific is predicted to have a 28% share of the global AIOps market share and develop at a substantial CAGR as a result of the rapid use of automation in a variety of corporate operations across all industries. A rising market for AI-powered products and services is emerging in the Asia Pacific due to the region's high data creation.  Data analytics advances are driven by AI-powered solutions such as AI in IOT , which also fill in any holes left by outdated technologies. Governments in the APAC region are aggressively investing in AI, but long-term solutions will take some time to implement for structural reasons. According to an IDC report jointly commissioned by Lenovo and AMD, artificial intelligence (AI) is anticipated to become widely used in the APAC region by the end of 2023, with more than 88% of regional enterprises already using or planning to use AI or machine learning (ML) applications over the next 12 months.

Research Nester
AIOps Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the AIOps Landscape

top-features-companies
    • IBM Corporation
      • 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

In the News

  • 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.
  • IBM AIOps Software Helps Businesses, Including BBC Studios and ExaVault, Transform IT Operations. IBM updates its Turbonomic Application Resource Management and Instana Observability software to help organizations manage application performance and energy and costs to accelerate sustainability initiative progress

Author Credits:  Abhishek Verma


  • Report ID: 3309
  • Published Date: Jul 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of aiops is assessed at USD 75.18 Billion.

The aiops market size was valued at USD 55.91 Billion in 2023 and is expected to reach USD 3.78 Trillion by the end of 2036, expanding at around 38.3% CAGR during the forecast period i.e., between 2024-2036. The major factors driving the growth of the AIOps market are the increasing use for IT security and risk management.

North America industry is anticipated to hold 35% of the revenue share by 2036, impelled by increasing investments in R&D activities across the region.

IBM Corporation, CA Technologies (Broadcom Inc.), Micro focus International plc, BMC Software, INC., Dell Inc., Splunk Inc, HCL Technologies Limited, AppDynamics, Moogsoft Inc., Correlsense
AIOps Market Report Scope

Copyright © 2024 Research Nester. All Rights Reserved

logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying