AIOps Platform Market To Reach USD 11.07 Billion By 2025 | CAGR 32% - Forencis Research

AIOps Platform Market Size, Share, Trends, Growth, Analysis, Research

Global AIOps Platform Market: Key Highlights

  • According to the new market research report “AIOps Platform Market by Deployment Mode (Cloud and On-premises), by Component (Data collection, Machine Learning), by Application (Alarm management), by End-User (Government) by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast (2018 to 2025)”, the global AIOps Platform market is estimated to reach USD 11.07 Billion by 2025 at a CAGR of 32% during forecast period 2018-2025.
  • Increasing adoption for cloud platform, the cloud-based AI platform which is used for storage management and to enhance the ability for customer’s services and performance which are expected to drive the AIOps Platform market during the forecast period.
  • However, the increasing changes in the IT operations platform impact the performance which can hinder the growth of the AIOps Platform market during the forecast period.

AIOps Platform Market

Global AIOps Platform Market: Key Market Dynamics

  • Increasing adoption for cloud platform which is expected to increase Cloud-based technologies to work more efficiently. This technology allows the organization to use intelligent software automation which is expected to drive the growth of the market.
  • Increasing data retention requirements are expected to grow as the performance and monitoring data are growing at an exponential rate and this is projected to drive the market during the next five years.
  • Difficulty in building machine learning models has been anticipated to be unique constraint as machine learning is no longer able to solve the problem directly.
  • Rising need for holistic 360-degree visibility is anticipating to give end-to-end service and operations. Moreover, the increasing investment in AI technologies and the growing need of business for holistic 360-degree visibility are offering a major opportunity for the AIOps platform market.

Global AIOps Platform Market: Regional Overview

  • Asia-Pacific

Asia-Pacific is scored to be one of the global leader of the Artificial Intelligence market. China mobile, china unicorn, and china telecom collaborated to observe the improvement in user mobile experience by enhanced network and IT operations. They used AI and big data analytics for detecting the faults and to predict incidences. Huawei is working with China Mobile, Hong Kong Telecom and TIM on cross-domain and multi-layered to cover multiple service management processes, from event management to customer experience management. These are supported by Inter Telecom, Huawei, BoCo and SI-TECH.

Hence, Asia-Pacific AIOps Platform uses AI technology to automate operations for Telco in the digital transformation which is excepted to increase the growth opportunities for commercial insurers in the region.

  • Europe

European Commission has put forward a European approach towards Artificial Intelligence and Robotics. It is anticipated that the Commission is increasing its annual investments in AI by 70% by connecting and strengthening AI research centers across Europe and by supporting the development of AI applications in key sectors. Also, on 10 April 2018, 25 European countries signed a Declaration of cooperation on Artificial Intelligence. Hence, the robust models based on AI and high-quality data is a key factor to improve performance in European region which will boost the Artificial Intelligence for IT Operations (AIOps Platform) platform market in the region.

Global AIOps Platform Market: Key Players Overview

  • IBM Corporation:

IBM Corporation is a global technology company that provides hardware, software, cloud-based services and cognitive computing. IBM AIOps is the latest evolution in IT operations management. AIOps combines AI, machine learning, analytics, and other technologies to improve and enhance IT operations.

  • Splunk Inc:

Splunk Inc built a solution on the data-to everything platform which modernizes and transforms the IT Operations. Splunk, introduced Splunk IT Service Intelligence (ITSI) that monitor and analyses solution using AI insights across services. Splunk ITSI produces AIOps platform collaborated machine data with machine learning to identify and empower IT operations. It is expected to provide services like detection of root quickly and predict the future state of the system.

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Rep Id : ICT 036

Published : 2020-01-27