Global AIOps Market is Estimated to be Worth USD 1.64 billion in 2019 and is Projected to Reach USD 6.88 billion by 2025, at A CAGR of 29.89% by 2020 to 2027: Proficient Market
According to a new report published by Proficient Market, titled, “Global AIOps Market by Deployment (On-premises and Cloud) and by End-Users/Application (Real-time Analytics, Infrastructure Management, and Application Performance Management) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2015 – 2027″ The report has offered an all-inclusive analysis of the global AIOps market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.
According to the report, Global AIOps Market in 2019 stood at USD 1.64 billion in 2019 and is projected to reach 6.88 billion by 2025, at a CAGR of 29.89% from 2020 to 2027.
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Artificial Intelligence for IT Operations (AIOps) is a platform that helps to enhance IT operations and offers the multilayers facilities with the help of machine learning and analytics. The AIOps platforms is used to analyze the big data collected from different IT operations solutions and various devices are used to resolves the issues in this data in real time. AIOps platform offers the usage of data collection methods, allows handling of multiple sources of data and also provides analytical and presentation technologies. This platform provides multiple IT operations that are directly or indirectly coupled with advanced analytical competences and this operations are centralized and flexible, that helps to deliver data insights. This data insights are continuously provided by automated algorithmic Machine Learning skills for analyzing extraordinary amounts of data.
AIOps Market Key Players: The research study includes profiles of leading companies operating in the global AIOps market. Key players profiled in the report include:
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Drivers for the Global AIOps Market: AI-based software services in IT operations is one of the major factor that is propelling growth of global AIOps market. Along with this, increasing shift of organization’s core business toward the cloud also drives the growth of the AIOps market. Increasing end-to-end business application assurance also boost the growth of the AIOps market. Additionally, high investments in the AIOps technology influence positively on the market growth.
Opportunities for the Global AIOps Market: AIOps market is gaining traction because this platform has an ability to provide real-time data, better tracking and management which is expected to boost the AIops market growth over the forecast period. Key players in the marketing are adopting AIOps platform with different functionalities like data collection and storage, visualization, analytical tools, and integrations with other applications, helps to boost the AIOps market in forecast period.
Restrains for the Global AIOps Market: Lack of skilled professionals, who do not know the AI technology available in the IT operations is one of the major restraining factors for the growth of the AIOps market. Along with this, high cost associated with the installation of AIOps platform in the company’s infrastructure also hampers the AIOps market growth.
Region Wise, Global AIOps Market Analysis: On the basis of region, the AIOps market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. North America holds the largest share in the market because of presence of numerous large players operating in the market and growing government initiatives for development of the AIOPs platforms. Asia Pacific is having maximum share in the market which is followed by European countries.
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Global AIOps Market: Deployment analysis
On the basis of deployment, Cloud accounted for largest share of total revenue generated in the market, because AIOps platform is widely deployed on cloud basis where company can access the data from anywhere and provide the best privacy and security.
Global AIOps Market: Application analysis
Application Performance Management
The demand of Global AIOps Market is highest from Application Performance Management, because Artificial Intelligence based applications are widely used many companies in the market.
Global AIOps Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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