AIops Platform Market Perspective by Comprehensive Analysis Growth Prediction to 2026
Artificial Intelligence for IT Operations (AIOps) is a multilayered technology platform that enhances IT operations by using machine learning and analytics to analyze the big data collected for various IT operations tools and devices to resolve the issues in real time. The global AIops Platform market generated revenue of US$ 1,270 billion in 2016. The global AIops Platform market is expected to generate a revenue of US$ 20,428 billion with a CAGR of 36.2% by 2025.
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Increasing demand for real time data analysis plays a major role in growth of the AIOps Platform market, owing to the ability of AIOps platform to analyze vast volumes of data through application of various algorithms in real time. In today’s world, due to increasing stiff competition in the market, the analysis of real time data has become one of the major requirement in various organization. Implementation of new technology, such as stream mining in-database analytics and in-memory analytics provides real time analysis for situational intelligence, fraud detection, and customer interactions. Moreover, the increasing installation of Internet of things (IoT) devices has generated large amount of real time data. For instance, according to Coherent Market Insights, in 2015, around 145 zeta byte of data was generated by IoT devices, annually and is projected to reach 600 zeta byte by 2020.
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North America held the dominant position in AIops Platform market in 2017
On the basis of geography, the Artificial intelligence for IT operation Platform market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are major economies driving growth of AIops Platform market in this region, owing to the region been early adopter of advanced technologies such as Artificial intelligence, Machine learning, big data, and analytics in the region. Moreover, presence of IT companies such as Google, Microsoft Corporation, IBM, oracle, and others plays a major role for growth of the market in the region.
Key Players- Global AIops Platform Market.
The major players operating in the global AIops Platform industry include, International Business Machines Corporation, Splunk Inc., CA Technologies, VMware, Inc, Micro Focus International plc, HCL Technologies Limited, AppDynamics, BMC Software, Inc., Moogsoft, and FixStream Network Inc.
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