AIOps Platform Market Share and Demand Analysis with Size, Growth Drivers and Forecast to 2030

Priyanshi Singh

12 months ago

The latest market report published by Credence Research, Inc. “Global AIOps Platform Market: Growth, Future Prospects, and Competitive Analysis, 2017 – 2030”. The Global AIOps Platform Market generated revenue of around USD 7.4 billion in 2022 and is anticipated to grow a CAGR of over 17.90% during the forecast period from 2023 to 2030 to reach around USD 23.4 billion in 2030.

The growth of this market is mainly attributed to the increasing demand for Al-based services in IT operations. AI-based platforms have become increasingly popular across enterprises. To prepare for the post-COVID-19 environment, IT infrastructure and operations leaders deploy AIOps for task automation, knowledge management, and change analysis. In addition, enterprises are replacing some traditional monitoring tools with AIOp platforms. To provide a wide range of services, organizations of all sizes and types are increasingly turning to cloud computing technologies, including start-ups, large corporations, government agencies, and non-profits. The AIOps market is expanding as organizations seek to manage and optimize their cloud-based operations with the latest technologies and tools.

The global AIOps platform market is bifurcated into Solution, Application, Vertical, and Geography. Based on the solution, the market is categorized into AIOps platforms, services, implementation services, license & maintenance services, training & education services, and others. On the basis of application, the global market is segmented into real-time analytics, application performance management, infrastructure management, and others. Based on the vertical, the market is categorized into BFSI, healthcare & life sciences, retail & consumer goods, IT & telecom, and others. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

In 2022, North America dominated the global AIOps platform market and accounted for a major market revenue share in terms of value. Artificial intelligence-based investment advisory customer applications have seen a surge in adoption in the United States, intended to improve investment decision-making. Attributing this trend to the presence of various AIOp platform providers in the region is possible. Both tech start-ups and established companies are creating AIOp platforms for various industries. AIOp platforms are also being adopted in North America because of the region’s significant research and development efforts and the ongoing digital transformation across multiple sectors.

AIOps Platform Market Drivers refer to the key factors that are contributing to the growth and adoption of AI-powered IT operations in businesses worldwide. One of these drivers is the increasing complexity of IT systems due to the rapid pace of digital transformation, which has resulted in a growing need for automated analysis and problem-solving capabilities. Additionally, there is a rising demand for real-time insights into system performance and customer experience, as well as predictive analytics that can help organizations proactively prevent issues before they occur. The emergence of cloud computing and containerization technologies has also necessitated greater automation and intelligence in DevOps processes, further fueling interest in AIOps platforms.

The following is a regional analysis of the AIOps platform market:

North America: North America is a significant market for AIOps platforms, driven by factors such as the increasing adoption of digital transformation and cloud-based services, the growing complexity of IT infrastructure, and the presence of major players in this region. The United States is the largest market in this region, followed by Canada. The market growth is also attributed to the increasing demand for real-time monitoring, predictive analysis, and automated remediation in IT operations.
Europe: Europe is another significant market for AIOps platforms, driven by factors such as the increasing adoption of cloud-based services and the growing need for predictive analysis and automation in IT operations. Germany, the United Kingdom, and France are the largest markets in this region. The market growth is also attributed to the increasing demand for real-time monitoring, predictive analysis, and automated remediation in IT operations.
Asia Pacific: The Asia Pacific region is expected to witness the highest growth rate in the AIOps platform market, driven by factors such as the increasing adoption of digital transformation and cloud-based services, the growing complexity of IT infrastructure, and the presence of a large number of manufacturers in this region. China, Japan, and India are the largest markets in this region. The market growth is also attributed to the increasing demand for real-time monitoring, predictive analysis, and automated remediation in IT operations.
Latin America: Latin America is a growing market for AIOps platforms, driven by factors such as the increasing adoption of cloud-based services and the growing need for predictive analysis and automation in IT operations. Brazil and Mexico are the largest markets in this region. The market growth is also attributed to the increasing demand for real-time monitoring, predictive analysis, and automated remediation in IT operations.
Middle East and Africa: The Middle East and Africa region is a growing market for AIOps platforms, driven by factors such as the increasing adoption of cloud-based services and the growing need for predictive analysis and automation in IT operations. Saudi Arabia and South Africa are the largest markets in this region. The market growth is also attributed to the increasing demand for real-time monitoring, predictive analysis, and automated remediation in IT operations.

Why to Buy This Report-

The report provides a qualitative and quantitative analysis of the global AIOps platform market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2018-2021, base year- 2022, and forecast period 2023-2030.
The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level
In-depth global AIOps platform market segmentation analysis based on solution, application, and vertical.
The global AIOps Platform market report also includes analyzing the global, regional, and country level, along with key market trends, significant players analysis, market growth strategies, and key application areas.

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