The latest report by IMARC Group, titled “AIOps Market Report by Organization Size (Small and Medium Enterprises, Large Enterprises), Deployment Mode (On-premise, Cloud), End Use Industry (Media and Entertainment, IT and Telecom, Retail, BFSI, Healthcare, and Others), and Region 2024-2032,” offers a comprehensive analysis of the AIOps market analysis. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global AIOps market size reached USD 23.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 112.1 Billion by 2032, exhibiting a growth rate (CAGR) of 18.5% during 2024-2032.
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AIOps Market Trends:
The global market is primarily driven by the increasing complexity of IT environments, including hybrid and multi-cloud infrastructures, as businesses seek efficient management solutions. In line with this, the growing demand for real-time data analytics improving decision-making and faster incident resolution, is propelling the market growth. Furthermore, rise in IT process automation, with AIOps reducing manual intervention and enhancing operational efficiency, is another key market driver.
Similarly, the growth in cyber threats and the need for advanced security measures, enabling proactive risk detection and response, are augmenting market demand. Moreover, the increasing use of artificial intelligence (AI) and machine learning technologies in IT operations, enabling predictive analysis and anomaly detection, is accelerating product adoption. Additionally, the growing demand for seamless IT operations and DevOps integration, driven by the need for collaboration and streamlined workflows, is also driving the market expansion.
AIOps Market Scope and Growth Analysis:
The scope of the market is vast, spanning across industries such as healthcare, finance, telecommunications, and retail, where IT operations are crucial for business performance. The market scope is expected to witness strong growth due to the increasing need for automation and enhanced operational efficiency in IT management. Additionally, the need for cost optimization in IT management is encouraging product implementation and minimizing operational costs. According to market analysis, the growing volume of data generated by digital transformation initiatives managing and analyzing this data efficiently, is fueling growth in the market.
The rapid integration with other technologies such as, cloud computing, and cybersecurity is opening new avenues for expansion in the market. As businesses increasingly focus on optimizing their IT operations and enhancing service delivery, the demand for AIOps solutions is projected to rise. With ongoing advancements in AI and machine learning, the market scope is poised for sustained growth, offering improved automation, predictive capabilities, and operational insights.
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AIOps Market Segmentation:
Breakup by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Large enterprises account for the majority of the market share.
Breakup by Deployment Mode:
- On-premise
- Cloud
On-premise holds the largest share of the industry.
Breakup by End Use Industry:
- Media and Entertainment
- IT and Telecom
- Retail
- BFSI
- Healthcare
- Others
BFSI represents the leading market segment.
Breakup by Region:
- North America (USA, Canada)
- Europe (Germany, France, UK, Italy, Spain, Russia, others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
- Middle East/Africa
- Latin America (Brazil, Mexico, others)
Top AIOps Market Leaders:
- 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.
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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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