AIOps Platform Market to Observe Strong Development by 2019 – 2025 – Forencis Research

Press Release

The Global AIOps Platform Market is estimated to reach USD 11.07 Billion by 2025 at a CAGR of 32%, observes forencis research (FSR). AIOps (Artificial intelligence for IT operations) platforms are software systems that combine big data, artificial intelligence and machine learning to enhance IT operations. However, with the use of AIOps, the desired need of the customer which is continuous insights to yield continuous improvements through automation is fulfilled. These platforms enable the use of multiple sources of data, data collection methods, and analytical and presentation technologies. To use these technologies, AIOps platforms contain multiple layers that address different functionalities, such as analytical tools, visualization, data collection and storage, and integrations with other applications and services.

AIOps Platform Market

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AIOps Platform Market: Drivers & Challenges

Market Drivers:

  • Increasing Adoption for Cloud Platform

Increasing adoption for the cloud service platform boosts the growth of the Artificial intelligence for IT operations (AIOps) platform market. Cloud-based AI platform is used for storage management and to enhance the ability of customer services and performance. However, many enterprises have already adopted Cloud-based technologies to work more efficiently and to increase performance. This technology allows the organization to use intelligent software automation.

Hence, the increasing adoption of cloud platform is expected to surge the AIOps Platform market during the forecast period.

  • Increasing Data Retention Requirements

Increasing data retention requirements are excepted to grow as the performance and monitoring data are growing at an exponential rate. Furthermore, the growing number of APIs, IoT devices, mobile applications, and digital users are driving the service. However, AIOps uses this data to monitor assets and gain visibility into dependencies. Also, protection and retention are important aspects of AIOps that diversify the availability of data sources as well as proper data storage.

Therefore, the increasing demand of artificial intelligence in IT operations is expected to drive the AIOps Platform market during the forecast period.

Market Challenges:

  • Increasing Changes in IT Operations Platform

With the ongoing changes in information technology operations (ITOps) of the emerging technologies, impact the performance of the operation platforms. However, AIOps impacts the profile allocation of ITOps employees as the new emerging technologies are combined with general workload.

Hence, the increasing changes in the IT operations platform hinder the growth of the AIOps platform.

AIOps Platform Market: Key Segments

  • Based on Deployment Mode: Cloud, andOn-premises.
  • By Solution: Application Performance Management, Networks, andDigital Business Automation.
  • Based on Services:Managed Services, Education Services, and
  • By Component:Data collection, Data analytics, Machine Learning and Artificial Intelligence (AI).
  • Based on Application:Prediction, Alarm management, Intelligent remediation, Anomaly detection, Causal analysis, and Real-Time Analytics.
  • Based on End-User: Banking, Financial Services, and Insurance, Government, Manufacturing, Media and Entertainment, Retail and Consumer Goods and
  • Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africaand South America, with individual country-level analysis.

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Global AIOps Platform Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

AIOps Platform Market, by Deployment Mode

  • Cloud
  • On-premises

AIOps Platform Market, by Solution

  • Application Performance Management
  • Networks
  • Digital Business Automation

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 AIOps Platform Market, by Service

  • Managed Services
  • Education Services
  • Consultancy

 AIOps Platform Market, by Component

  • Data collection
  • Data analytics
  • Machine Learning
  • Artificial Intelligence (AI)

 AIOps Platform Market, by Application

  • Prediction
  • Alarm management
  • Intelligent remediation
  • Anomaly detection
  • Causal analysis
  • Real-Time Analytics

 AIOps Platform Market, by End-Users

  • Banking, Financial Services, and Insurance
  • Government
  • Manufacturing
  • Media and Entertainment
  • Retail and Consumer Goods
  • Others

 AIOps Platform Market, by Region

  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

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About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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