Overview and Scope
The artificial intelligence for IT operations (AIOps) platform is a technology that leverages AI and machine learning to enhance and automate various aspects of IT operations for improved efficiency and performance. These platforms provide visibility, identify potential service issues, optimize spend, and automate and optimize IT operations processes.
Sizing and Forecast
The artificial intelligence for IT operations platform market size has grown exponentially in recent years. It will grow from $12.02 billion in 2023 to $14.81 billion in 2024 at a compound annual growth rate (CAGR) of 23.2%. The growth in the historic period can be attributed to increasing complexity of IT infrastructure, growing data volumes, demand for real-time insights, and need for cost efficiency.
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Segmentation & Regional Insights
The artificial intelligence for it operations platform market covered in this report is segmented –
1) By Type: Software, Service
2) By Technology: Natural Language Processing (NLP), Computer Vision, Machine Learning (ML), Context-Aware Computing
3) By Deployment Model: Cloud, On-Premises
4) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
5) By Application: IT Infrastructure, Application Performance Monitoring (APM), Real-Time Analytics, Network Security
North America was the largest region in the artificial intelligence for IT operations platform market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence for it operations platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rapid adoption of cloud-based infrastructure in the IT sector is expected to propel the growth of the artificial intelligence for IT operations platform market going forward. Cloud-based infrastructure refers to computing resources, such as servers and storage, delivered and managed over the internet through cloud services. Cloud-based platforms enhance artificial intelligence for IT operations (AIOps) by providing scalable infrastructure, facilitating seamless data storage, and enabling real-time analytics to optimize and automate IT operations. For instance, in December 2023, according to the European Commission (EC), a Belgium-based executive body of the European Union (EU), the adoption of cloud-based solutions in 2023 in the European Union increased by 4.2%, with 45.2% of enterprises purchasing cloud computing services, 79% in the information and communication sector, and 77.6% in large enterprises showcasing a notable rise compared to 2021. Therefore, the rapid adoption of cloud-based infrastructure in the IT sector is driving the growth of the artificial intelligence for IT operations platform market.
Key Industry Players
Major companies operating in the artificial intelligence for it operations platform market report are Amazon.com Inc., Apple Inc., Google (Alphabet Inc.), Microsoft Corporation, IBM Corporation, Broadcom Inc., VMware Inc., HCL Technologies Limited, ServiceNow Inc., Splunk Inc., BMC Software Inc., Micro Focus International plc, SS&C Blue Prism, Dynatrace Inc., Sumo Logic Inc., C3.ai Inc., DataRobot Inc., AppDynamics, Lily AI, Resolve Systems LLC, Big Panda Inc, FixStream Network Inc., ProphetStor Data Services Inc., OpenAI LP, Clarifai Inc., Sherpa.ai, Moogsoft Inc., H2O.ai, Nauto Inc
The artificial intelligence for it operations platform market report table of contents includes:
- Executive Summary
- Artificial Intelligence For IT Operations Platform Market Characteristics
- Artificial Intelligence For IT Operations Platform Market Trends And Strategies
- Artificial Intelligence For IT Operations Platform Market – Macro Economic Scenario
- Global Artificial Intelligence For IT Operations Platform Market Size and Growth
- Artificial Intelligence For IT Operations Platform Market Segmentation
- Artificial Intelligence For IT Operations Platform Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Artificial Intelligence For IT Operations Platform Market
- Artificial Intelligence For IT Operations Platform Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Artificial Intelligence For IT Operations Platform Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Artificial Intelligence For IT Operations Platform Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Artificial Intelligence For IT Operations Platform Market, Segmentation By Deployment Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 76: Amazon.com Inc. Financial Performance
Table 77: Apple Inc. Financial Performance
Table 78: Google (Alphabet Inc.) Financial Performance
Table 79: Microsoft Corporation Financial Performance
Table 80: IBM Corporation Financial Performance
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