According to IMARC Group latest report titled” AIOps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The Global AIOps Market to exhibit moderate growth during the next five years. Artificial Intelligence for information technology operations (AIOps) refer to multi-layered technological platforms that automate and enhance information technology (IT) operations through analytics and machine learning (ML). It provides visibility into performance data and dependencies while identifying system issues and patterns. It is primarily used to diagnose and report errors using performance monitoring tools.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The global market is primarily driven by the increasing demand for process automation in the banking, financial services and insurance (BFSI) sector. The deployment of AIOps solves performance and configuration issues while delivering real-time information to gain actionable insights, which is significantly contributing to the market growth. The market is further driven by the rising demand for large-scale digital transformations that requires sophisticated operations solutions. Moreover, the increasing preference for remote working across the globe has also propelled the requirement for AIOps as they are utilized for strengthening IT security by deploying cloud-based solutions. Other factors, including various technological advancements in cloud-based solutions and significant improvements in the IT infrastructure, coupled with extensive research and development (R&D) activities, have also provided an impetus to the market growth.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Appdynamics (Cisco Systems Inc.)
- BMC Software Inc.
- Broadcom Inc.
- Dynatrace Inc.
- HCL Technologies
- International Business Machines Corporation
- Micro Focus International plc
- Moogsoft Inc.
- Resolve Systems LLC
- Splunk Inc.
- Vmware Inc. (Dell Technologies Inc.)
- Zenoss Inc
AIOps Market Segmentation:
Our report has categorized the market based on region, organization size, deployment mode and end use industry.
Breakup by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Breakup by Deployment Mode:
- On-premise
- Cloud
Breakup by End Use Industry:
- Media and Entertainment
- IT and Telecom
- Retail
- BFSI
- Healthcare
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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