New York, April 13, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on “AIOps Platform Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Platforms and Services), Deployment (On-premises and Cloud), Organization Size (SMEs and Large Enterprises), and Vertical (BFSI, Telecom and IT, Manufacturing, Government, and Others)”, the global AIOps platform market growth is driven by the IT data exceeding human scale and need for resource optimization. By component, the market was dominated by the platforms segment with a market share of 76.5% in 2020. North America led the market with a substantial revenue share, followed by Europe and Asia Pacific. By deployment, the market was dominated by the cloud-based segment with a market share of 63.5% in 2020.
Get Exclusive Access to Sample Pages of AIOps Platform Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPRE00010976/
| Report Coverage | Details |
| Market Size Value in | US$ 2.83 Billion in 2021 |
| Market Size Value by | US$ 19.93 Billion by 2028 |
| Growth rate | CAGR of 32.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
| No. of Pages | 192 |
| No. Tables | 115 |
| No. of Charts & Figures | 91 |
| Historical data available | Yes |
| Segments covered | Component, Deployment, Organization Size, and Vertical |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
AIOps Platform Market: Competitive Landscape and Key Developments
BMC Software, Inc.; IBM Corporation; APPDYNAMICS; Broadcom Inc.; Dynatrace LLC; HCL Technologies; Micro Focus; Moogsoft INC; Resolve Systems, LLC; BigPanda and Splunk, Inc. are among the key players that are profiled during this study. In addition, several other essential players were studied and analyzed to get a holistic view of the global AIOps platform market and its ecosystem.
Place Your Inquiry Before Buying: https://www.theinsightpartners.com/inquiry/TIPRE00010976/
New AIOps Solutions from IBM are available from March 15, 2022. Besides, IBM is extending its AI-powered automation strategy to help enterprises simplify IT asset management across hybrid, multi-cloud environments as a part of a collaboration with Flexera called Designed to Automate Software License Compliance. IBM and Flexera have developed Turbonomic ARM and Flexera One integration to help customers visualize their IT estate from on-premises to SaaS to cloud.
In January 2021, IBM Corporation and NeuReality partnered up to develop AI inference platforms. Both companies plan to evaluate NeuReality products to use in IBM's hybrid cloud, including system flow, AI use cases, networking, virtualization, and security.
The AIOps platform employs intelligence and self-learning algorithms supported by machine learning to automate routine IT processes. It also analyses historical and behavioral data to detect and predict potential incidents. Furthermore, it uses big data analytics to analyze cognitive data and draws relevant information from data for complete processing. Real-time data correlation, multi-dimensional data normalization, severity-based issue prioritization, and established response plans to mitigate future disasters are all made possible by integrating IT operations with AI. This ability to generate meaningful insights from scratch data aids in the development of a flexible AIOps system, resulting in the AIOps platform market’s growth.
Connect with Our Research Analyst On: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00010976
The Artificial Intelligence for IT Operations (AIOps) platform mixes human intelligence with automated algorithms to give users complete visibility into IT system performance. The achievement of necessary speed and agility required for companies is a crucial driver pushing the adoption of AIOps in the IT environment. Furthermore, modern machine learning algorithms gather essential data collected in the background and provide actionable insights.
Recent technology breakthroughs have facilitated AI in IT operations. To strengthen AIOps platforms and services, some AIOps platforms market participants combine knowledge, natural language processing (NLP), and domain-enriched machine learning (ML) techniques. For example, Lakeside Software, LLC, a US-based digital experience monitoring firm, uses NLP in its SysTrack AIOps application. It enables IT operations by providing an easy-to-use search tool.
Furthermore, the AIOps platform market share is expected to gain from the COVID-19 pandemic in next-generation tech areas because of the compulsory work-from-home policy. Moreover, to gain competitive advantage, AIOps platform market vendors are concentrated on establishing cutting-edge platforms, expanding their customer base, and expanding their global reach. Financial services, retail, insurance, government, media & entertainment, and healthcare industries are expanding their products based on AIOps products and solutions. Companies adopt strategies, including partnerships and collaborations, mergers and acquisitions with key players, and creating new products and technologies to gain competitive advantage. For example, ServiceNow (a U.S.-based IT workflow management business) bought Loom Systems (an Israeli AIOps firm) in January 2020. With this acquisition, the company hopes to increase production and operational efficiency on a single platform. Such factors are likely to support the AIOps platform market growth.
Buy Premium Copy of AIOps Platform Market Size, Share, Revenue, Strategic Insights and Forecasts 2021-2028 Research Report at: https://www.theinsightpartners.com/buy/TIPRE00010976/
AIOps Platform Market: Component Overview
AIOps platform market analysis by component, the AIOps platform market can be bifurcated into platforms and services. Multiple computing environments can run simultaneously on a single system chip (SoC) thanks to advanced features that are offered by the AIOps platforms, such it reduced exposure to attack by malicious hackers, the minimal required number of drivers, and storage of all virtual machine images on a single storage area network (SAN). Further, it allows system designers to combine multiple operating systems (OSs) and applications with varying reliability, safety, and security levels on a single SoC. The hypervisor software, also known as a virtual machine monitor or VMM, assists businesses in increasing equivalence, security, and performance. Hypervisors are used to consolidate hardware and isolate computing environments on the desktop.
Browse Adjoining Reports:
Performance Analytics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Software, Services); Application (Financial Performance, Sales and Marketing Performance, IT Operations Performance, Supply Chain Performance, Employee Performance, Others); Deployment Type (Cloud, On-premises); Analytics Type (Predictive Analytics, Prescriptive Analytics, Descriptive Analytics); End-user (BFSI, IT and Telecom, Retail and Ecommerce, Government, Healthcare, Manufacturing, Energy and Utilities, Others) and Geography
Autonomous Data Platform Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Platform, Services); Deployment Model (Cloud, On-premise); Enterprise Size (Small and Medium Enterprises (SMEs), Large Enterprises); End-User Industry (BFSI, Healthcare, Consumer Goods and Retail, Manufacturing, IT and Telecommunication, Government, Others) and Geography
Wealth Management Platform Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Advisory Model (Human Advisory, Robo-Advisory, and Hybrid), Business Function (Performance Management, Risk and Compliance Management, Portfolio Accounting and Trading Management, Financial Advice Management, Reporting, and Others), Deployment Type (Cloud and On-Premise), and End User (Investment Management Firms, Trading and Exchange Firms, Banks, Brokerage Firms, and Others)
IT Operations Analytics Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Application (Real-time Log Analytics, Application Performance Management, Infrastructure Management, Network and Security Management, Others); Technology/Tool (Visual Analytics, Machine-Based Learning, Predictive Analytics, User-Behavior Analytics, Root-Cause Analytics); Deployment Model (On-Premises, On-demand); Organization size (SMEs, Large Enterprises); Vertical (BFSI, Healthcare and Life Sciences, Retail and Consumer Goods, Manufacturing, Travel and Hospitality, IT and Telecommunication, Media and Entertainment, Government, Others) and Geography
Cloud Systems Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (IT Operations Management, IT Service Management, IT Automation and Configuration Management); Deployment Model (On-premises, Cloud Based); Organization Size (SMEs, Large Enterprises) and Geography
Intelligent Process Automation Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Solution, Services); Technology (Natural Language Processing, Machine and Deep Learning, Neural Networks, Virtual Agents, Mini Bots, Computer Vision,); Application (IT Operations, Business Process Automation, Application Management, Content Management, Security); Vertical (BFSI, Telecommunications and IT, Transport and Logistics, Media and Entertainment, Retail and Ecommerce, Manufacturing, Healthcare and Life Sciences) and Geography
IT Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Service Type (Professional Services, Managed Services); Application (IT Operation, IT Security, Cloud Services, Others); Enterprise Size (Small and Medium-Size Enterprises, Large Enterprises); End-user (BFSI, IT and Telecom, Government, Healthcare, Retail and E-Commerce, Manufacturing, Others) and Geography
Cognitive Operations Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Components (Solutions, Services); Application (IT Operations Analytics, Application Performance Management, Infrastructure Management, Network Analytics, Security Analytics, Others); Enterprise Size (Large Enterprises, SMEs); Deployment Type (Cloud-based, On-Premises); Industry Vertical (BFSI, IT and Telecommunications, Healthcare and Life Sciences, Media and Entertainment, Manufacturing, Government, Retail and E-Commerce, Others) and Geography
IT Operations and Service Management Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type and End-User
IT Operations Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Predictive Analytics, Visual Analytics, Root Cause Analytics, Behavior Analytics); Application (Asset Performance Management, Network Management, Security Management, Log Management); Deployment Type (On-Premise, Cloud Based) and Geography
Artificial Intelligence in Supply Chain Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Components (Processors, Memory, AI Platforms, Services); Technology (Natural Language Processing (NLP), Machine Learning, Cognitive Computing); Application (Warehouse Management, Fleet Management, Freight Brokerage, Virtual Assistant, Others); Industry Vertical (Pharmaceutical, Manufacturing, Automotive, Food and Beverages, Aerospace, Others) and Geography
Artificial Intelligence in Retail Market Forecast to 2025 – Global Analysis – by Retail Format (E-Commerce, and Brick and Mortar), Technology (Chat-Bot, Recommendation Engine, Audio–Visual Analytics, and Others), and Application (Sales & Marketing, Supply Chain & Logistics, Shelf Analytics, Pricing, In-Store Navigation, Auto-checkout, and Others)
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/aiops-platform-market
