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The aiops global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
AIOps Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The aiops market size has grown exponentially in recent years. It will grow from $7.19 billion in 2023 to $9.09 billion in 2024 at a compound annual growth rate (CAGR) of 26.4%. The growth in the historic period can be attributed to regulatory compliance requirements, adoption of containerization and microservices, emphasis on root cause analysis, focus on cost optimization and efficiency, enhanced user experience expectations..
The aiops market size is expected to see exponential growth in the next few years. It will grow to $24.62 billion in 2028 at a compound annual growth rate (CAGR) of 28.3%. The growth in the forecast period can be attributed to evolution in containerization and microservices management, ongoing increase in volume of alerts and false positives, growth in adoption of agile and devops practices.. Major trends in the forecast period include integration with devops practices, focus on proactive problem resolution, enhanced user experience monitoring, advanced analytics for predictive insights, hybrid and multi-cloud management, context-aware incident management..
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Scope Of AIOps Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
AIOps Market Overview
Market Drivers –
The increase in adoption of artificial intelligence is driving the AIOps market. Artificial intelligence (AI) is a replication of human intelligence that is programmed to think and act like humans. AI improves organizations in various ways, from boosting customer experiences to automating repetitive labor. AI collects and combines the enormous and expanding amounts of data produced by IT infrastructure components and removes unwanted data or noise to identify occurrences and patterns associated with problems with application availability and performance. It reduces this hectic work and works efficiently due to this organization adopting AI. According to a Forbes report, AI is already benefiting 86% of organizations, and 25% of organizations with significant AI deployment anticipate the technology to pay off in higher revenue by 2021. Therefore, increasing adoption of AI in various sectors is expected to boost demand for AIOps during the forecast period.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The aiops market covered in this report is segmented –
1) By Component: Platform, Services
2) By Organization Size: Small and Medium Enterprises, Large Enterprise
3) By Deployment Mode: On Premise, Cloud
4) By Application: Real-Time Analytics, Infrastructure Management, Network & Security Management, Application Performance Management, Other Applications
5) By End-Use: Banking, Financial Services, and Insurance (BFSI), Information Technology (IT) & Telecom, Healthcare, Retail, Government, Manufacturing, Media & entertainment, Other End Users
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Regional Insights –
North America was the largest region in the AIOps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aiops market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the aiops market report are BMC Software Inc, IBM Corporation, Moogsoft Inc, Splunk Inc, Appdynamics LLC (Cisco Systems Inc), Sumo Logic Inc., Dynatrace LLC, Extrahop Networks Inc., New Relic Inc., Resolve Systems LLC, Stackstate BV, CA Technologies, Micro Focus International plc, Dell Inc., Broadcom Inc., ScienceLogic, Correlata Solutions, Loom Systems, OpsRamp Inc., PagerDuty Inc., BigPanda Inc., Datadog Inc., Elastic N. V., LogicMonitor Inc., Zoho Corporation, Netreo Inc., Atlassian Corporation Plc, Opsview Ltd., Microsoft Azure AI, Google LLC
1. Executive Summary
2. AIOps Market Report Structure
3. AIOps Market Trends And Strategies
4. AIOps Market – Macro Economic Scenario
5. AIOps Market Size And Growth
…..
27. AIOps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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