Artificial Intelligence for IT Operations (AIOps) Market Growth, Size, Share, Trends, and Forecast 2030

Artificial Intelligence for IT Operations (AIOps) Market

Artificial Intelligence for IT Operations (AIOps) Market – By Vertical (BFSI, IT & Telecom, Healthcare & Life Sciences, Media & Entertainment, Retail & Ecommerce, Government & Public Sector, and Energy & Utilities), By Application (Infrastructure Management, Network & Security Management, Application Performance Analysis, and Real-Time Analytics), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Technology & Media Report Format : PDF Pages: 120 Report Code: ZMR-6150 Published Date: Jun-2021 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 4.03 billion USD 17.2 billion  32% 2019

Artificial Intelligence for IT Operatio Market

Artificial Intelligence for IT Operations (AIOps) Market Overview

The global Artificial Intelligence for IT Operations (AIOps) Market size was worth around USD 4.03 billion in 2019 and is predicted to grow to around USD 17.2 billion by 2026 with a compound annual growth rate (CAGR) of roughly 32% between 2020 to 2026. The report offers valuation and analysis of Artificial Intelligence for IT Operations (AIOps) market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

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Artificial Intelligence for IT Operations (AIOps) Market: Synopsis

Artificial intelligence for IT operations tool relates data across network, infrastructure, and myriad applications. Furthermore, it makes use of advanced analytics, automation, and machine learning for delivering higher proportion of visibility as well as data-based recommendations. In addition to this, large-scale utility of online experience monitoring systems by giant firms for detecting infrastructure and various applications will create lucrative growth avenues for artificial intelligence for IT operations (AIOps) industry over the assessment period.

Artificial Intelligence for IT Operations (AIOps) Market: Growth Drivers

AIOps applies advanced analytics & machine learning tools for recognizing patterns in automation data and service desks, thereby driving market trends. In addition to this, artificial intelligence is utilized for IT functions for enhancing performance as well as improving its access on-premises & cloud. Apparently, AI minimizes noise as well as prioritizes critical operations of the firms. All these aforementioned aspects will open new dimensions of growth for artificial intelligence for IT operations (AIOps) market in the forthcoming years.

Moreover, AIOps tools aids DevOps processes along with supporting velocity of app releases. Apart from this, these tools help in accurately identifying issues and predict models, as well as estimating workload requirements for resource optimization & cost reduction. This, in turn, will carve a profitable growth graph for the artificial intelligence for IT operations (AIOps) market over the forecast timeframe.

Artificial Intelligence for IT Operations Market: Report Scope

Report Attributes Report Details
Report Name Artificial Intelligence for IT Operations Market Research Report
Market Size in 2019 USD 4.03 billion
Market Forecast in 2026 USD 17.2 billion
Growth Rate CAGR of 32%
Number of Pages 214
Key Companies Covered BMC Software Inc., Moogsoft, Broadcom, VMare Inc., AppDynamics, IBM Corporation, Splunk Inc., ProphetStor Data Services Inc.
Segments Covered By Vertical, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2019
Historical Year 2016 to 2018
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

North America To Account For Highest Market Share Over 2020-2026

The growth of artificial intelligence for IT Operations (AIOps) market in North America is likely to expand leaps & bounds over forecast timeline due to presence of reputed vendors in the subcontinent. In addition to this, many of the tech giants are developing strong AIOps tools for a slew of verticals. This will offer new growth avenues for regional market during the predicted timeline.

Artificial Intelligence for IT Operations (AIOps) Market Key Players

Key players profiled in the study and influencing the business growth include

  • BMC Software Inc.
  • Moogsoft
  • Broadcom
  • VMare Inc.
  • AppDynamics
  • IBM Corporation
  • Splunk Inc.
  • ProphetStor Data Services Inc.

The global Artificial Intelligence for IT Operations (AIOps) Market is segmented as follows:

By Application:

By Vertical:

  • BFSI
  • IT & Telecom
  • Healthcare & Life Sciences
  • Media & Entertainment
  • Retail & Ecommerce
  • Government & Public Sector
  • Energy & Utilities

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

AIOps applies advanced analytics & machine learning tools for recognizing patterns in automation data and service desks, thereby driving market trends. In addition to this, artificial intelligence is utilized for IT functions for enhancing performance as well as improving its access on-premises & cloud. Apparently, AI minimizes noise as well as prioritizes critical operations of the firms. All these aforementioned aspects will open new dimensions of growth for artificial intelligence for IT operations (AIOps) market in the forthcoming years. Moreover, AIOps tools aids DevOps processes along with supporting velocity of app releases. Apart from this, these tools help in accurately identifying issues and predict models as well as estimating workload requirements for resource optimization & cost reduction. This, in turn, will carve a profitable growth graph for artificial intelligence for IT operations (AIOps) market over the forecast timeframe.

According to Zion Market Research report, the global Artificial Intelligence for IT Operations (AIOps) market, which was estimated at about 4.03 (USD Billion) in 2019 and is predicted to accrue earnings worth 17.2 (USD Billion) by 2026, is set to record a CAGR of nearly over 32% during 2020-2026.

North America is likely to make noteworthy contributions towards overall market revenue. The growth of the industry in the sub-continent over the estimated timespan is attributed to presence of reputed vendors in the sub-continent. In addition to this, many of the tech giants are developing strong AIOps tools for slew of verticals. This will offer new growth avenues for regional market during the predicted timeline.

The key players profiled in the report include are BMC Software Inc., Moogsoft, Broadcom, VMare Inc., AppDynamics, IBM Corporation, Splunk Inc., and ProphetStor Data Services Inc.

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