Allied Market Research has published a new report titled “AIOps Market Size, Share & Trends Analysis Report by Component, Deployment Mode, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030,” which projects the global AIOps market to reach $644.96 billion by 2030, growing at an impressive CAGR of 37.90% from 2021 to 2030.
In 2020, the global AIOps market was valued at $26.33 billion, and the market is expected to see significant growth driven by key factors, including the demand for faster and more accurate root cause analysis, the need to handle vast data volumes, and the growing recognition of AIOps’ capabilities across industries.
“The growing need for efficient IT operations, automation, and real-time analytics is pushing organizations to adopt AIOps solutions,” said [Spokesperson Name], Analyst at Allied Market Research. “As more businesses migrate to cloud-based solutions and digital transformation accelerates, AIOps is increasingly seen as a critical enabler to ensure seamless IT operations.”
Market Insights:
- Platform Segment Dominates: The platform segment accounted for the largest share in 2020, contributing to over four-fifths of the market. This segment is expected to continue its leadership role during the forecast period due to the growing connectivity in IT operations and the increasing demand for advanced image recognition systems.
- Services Segment Expected to Grow Rapidly: The services segment is anticipated to witness the highest growth, with a CAGR of 40.6% from 2021 to 2030. This growth is attributed to advances in AI technologies and the increasing adoption of various deployment models.
- Cloud Deployment on the Rise: The cloud deployment mode is forecasted to grow at the fastest rate, with a CAGR of 39.1%, driven by its scalability advantages over on-premise solutions.
- North America Leads the Market: North America held the largest market share in 2020, driven by a technologically advanced economy and the convergence of AI, ML, big data, and analytics in the region. The region is expected to maintain its dominance through 2030.
- Asia-Pacific to Experience Fastest Growth: The Asia-Pacific region is set to experience the fastest growth, with a projected CAGR of 40.3%, as businesses across the region increasingly adopt automation and AIOps technologies in various sectors.
Industry Developments:
The COVID-19 pandemic had a positive impact on the AIOps market, with businesses investing in AIOps solutions to address the growing complexity of IT operations, especially with remote work and digital transformation initiatives. Many organizations are turning to AIOps to streamline operations, reduce downtime, and improve IT efficiency.
Players in the Market:
Some of the leading companies in the AIOps market include IBM, Splunk, CA Technologies, VMware, Micro Focus, HCL Technologies, AppDynamics, BMC Software, Moogsoft, and Fixstream.
Request a Sample Report
Gain in-depth insights into the AIOps market by requesting a sample report. Request a Sample Report here for full details.
