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Artificial Intelligence for IT Operations (AIOps) Market

Artificial Intelligence for IT Operations (AIOps) Market by Component (Platforms, Services) by Application (Real-time analytics, Infrastructure management, Network and security management, Application performance management, Others) by Deployment (On-premises, Cloud based) by Organization Size (SMEs, Large Enterprises) by Vertical : Growth, Future Prospects, and Competitive Analysis, 2015 – 2027

Summary
Table Of Content

AIOps Market Analysis

IT operations analytics has been reached to the next level with the aid of artificial intelligence. AIOps (Artificial Intelligence for IT Operations) is about enabling software and service engineers to use artificial intelligence (AI) and machine learning (ML) approaches to create and run online services and apps at scale in a fast and efficient manner. The AIOps market was valued at US$ 4.4 billion in 2020 and is expected to be valued at US$ 15.8 billion by 2027. The market is expected to grow at a CAGR of 20.1% over the forecast period, demonstrating the rate at which this technology is beginning to adapt to rapidly multiplying needs. AIOps has progressed far beyond its origins in the simple automation of repetitive application tasks.

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Interesting Facts of AIOps Market

The increasing complexity of IT infrastructure and software is posing significant challenges to IT teams and businesses, and AIOps is assisting organizations in overcoming these challenges.
The required cyber security compliance requirements of government and regulatory bodies increase the need for AIOps to be security-oriented.
The BFSI sector is expected to account for the largest share of the market.
The platforms segment is expected to have the largest market share.
The application’s real-time analytics sector is expected to have the largest market size.
Asia Pacific is expected to be the fastest growing in the global AIOps market.

AIOps Market COVID-19 Impact

The AIOps market is exhibited significant growth during the COVID-19 pandemic. It can be attributed to the rapid spread of coronavirus around the world and the implementation of work-from-home policies to confine spread of virus by limiting concentration of people at one place. Many businesses have invested in AIOps solutions to assist them in dealing with the increasing complexity of their IT demands. Furthermore, due to limited personnel available during the pandemic, a typical operating mode was unable to function efficiently. Furthermore, remote working places a greater burden on manual operating modes.

AIOps is likely witness strong and consistent demand in BFSI industry

The market is segmented into BFSI, IT and telecom, media and entertainment, retail, healthcare, and other industries. The BFSI segment is projected to dominate the market during the forecast period. As part of banking operations, employees, clients, and third-party suppliers carry out a wide range of routine and ad hoc activities and transactions. Because of the complexities of these procedures, they must be constantly monitored. During the projection period, AIOps, which delivers real-time data and automated problem resolution, is projected to fuel the market. For example, the CA Technologies AIOps platform, a CA Digital Experience Insights assists financial institutions in the resolution of complex IT issues such as performance, capacity, and configuration. Banks and other financial institutions are most concerned about the security of the data they generate, particularly in light of recent high-profile data breaches.

The AIOps market in the Asia Pacific is expected to gain significant traction

Asia Pacific is expected to grow at the fastest rate, with the highest CAGR, during the forecast period. India, China, and Japan are major contributors to the region’s market growth. This is due to the continued expansion of IT infrastructure to accept new technologies while maintaining the efficiency of existing systems and data. IT investment in the Asia Pacific region was $933 billion in 2016 and is expected to reach $1.36 trillion by 2021. The increasing trend of digitization across industries, particularly among small and medium-sized businesses, is expected to drive market growth. Furthermore, the growing trend of cloud-based solution adoption has boosted market expansion in this region. According to the study, cloud data traffic in the Asia Pacific was 908 EB per month in 2016 and is expected to reach 3469 EB per month by 2021.

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Global AIOps Market key Players:

Some of the major competitors in the global AIOps market include Aims Innovation, Appdynamics, Appnomic Systems, BMC Software, CA Technologies, Cloudfabrix, Correlsense, Corvil, Devo, Dynatrace, Extrahop, Fixstream, Gavs, Grok, HCL Technologies, Interlink Software, IBM, ITRS, Loom Systems, Logz.Io, Moogsoft, Micro Focus, Splunk, Opsdatastore, VMware, Tech Mahindra. In February 2021- Splunk Inc. has announced a multi-year extension of its partnership with the McLaren Formula One team and McLaren Group, which will see Splunk continue as an official McLaren Technology Partner.

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global AIOps Market

3.Market Dynamics& Factors Analysis

3.1.Introduction
3.1.1. Global AIOps Market Value, 2015-2027, (US$ Mn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Component
3.3.2.Application
3.3.3.Deployment
3.3.4.Organization Size
3.3.5.Vertical
3.3.6.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Applications
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 3 Players
4.3.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global AIOps Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America AIOps Market, by Country, 2015-2027(US$ Mn)
6.1.1.U.S.
6.1.2.Canada
6.2.North America AIOps Market, by Component, 2015-2027(US$ Mn)
6.2.1.Overview
6.2.2.Platforms
6.2.3.Services
6.3.North America AIOps Market, by Application, 2015-2027(US$ Mn)
6.3.1.Overview
6.3.2.Real-time analytics
6.3.3.Infrastructure management
6.3.4.Network and security management
6.3.5.Application performance management
6.3.6.Others
6.4.North America AIOps Market, by Deployment, 2015-2027(US$ Mn)
6.4.1.Overview
6.4.2.On-premises
6.4.3.Cloud based
6.5.North America AIOps Market, by Organization Size, 2015-2027(US$ Mn)
6.5.1.Overview
6.5.2.SMEs
6.5.3.Large Enterprises
6.6.North America AIOps Market, by Vertical, 2015-2027(US$ Mn)
6.6.1.Overview
6.6.2.BFSI
6.6.3.Healthcare and Life Sciences
6.6.4.Retail and Consumer Goods
6.6.5.Telecom and IT
6.6.6.Manufacturing
6.6.7.Government
6.6.8.Media and Entertainment
6.6.9.Others

7.Europe

7.1.Europe AIOps Market, by Country, 2015-2027(US$ Mn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Rest of Europe
7.2.Europe AIOps Market, by Component, 2015-2027(US$ Mn)
7.2.1.Overview
7.2.2.Platforms
7.2.3.Services
7.3.Europe AIOps Market, by Application, 2015-2027(US$ Mn)
7.3.1.Overview
7.3.2.Real-time analytics
7.3.3.Infrastructure management
7.3.4.Network and security management
7.3.5.Application performance management
7.3.6.Others
7.4.Europe AIOps Market, by Deployment, 2015-2027(US$ Mn)
7.4.1.Overview
7.4.2.On-premises
7.4.3.Cloud based
7.5.Europe AIOps Market, by Organization Size, 2015-2027(US$ Mn)
7.5.1.Overview
7.5.2.SMEs
7.5.3.Large Enterprises
7.6.Europe AIOps Market, by Vertical, 2015-2027(US$ Mn)
7.6.1.Overview
7.6.2.BFSI
7.6.3.Healthcare and Life Sciences
7.6.4.Retail and Consumer Goods
7.6.5.Telecom and IT
7.6.6.Manufacturing
7.6.7.Government
7.6.8.Media and Entertainment
7.6.9.Others

8.Asia Pacific

8.1.Asia Pacific AIOps Market, by Country, 2015-2027(US$ Mn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.Rest of Asia Pacific
8.2.Asia Pacific AIOps Market, by Component, 2015-2027(US$ Mn)
8.2.1.Overview
8.2.2.Platforms
8.2.3.Services
8.3.Asia Pacific AIOps Market, by Application, 2015-2027(US$ Mn)
8.3.1.Overview
8.3.2.Real-time analytics
8.3.3.Infrastructure management
8.3.4.Network and security management
8.3.5.Application performance management
8.3.6.Others
8.4.Asia Pacific AIOps Market, by Deployment, 2015-2027(US$ Mn)
8.4.1.Overview
8.4.2.On-premises
8.4.3.Cloud based
8.5.Asia Pacific AIOps Market, by Organization Size, 2015-2027(US$ Mn)
8.5.1.Overview
8.5.2.SMEs
8.5.3.Large Enterprises
8.6.Asia Pacific AIOps Market, by Vertical, 2015-2027(US$ Mn)
8.6.1.Overview
8.6.2.BFSI
8.6.3.Healthcare and Life Sciences
8.6.4.Retail and Consumer Goods
8.6.5.Telecom and IT
8.6.6.Manufacturing
8.6.7.Government
8.6.8.Media and Entertainment
8.6.9.Others

9.Latin America

9.1.Latin America AIOps Market, by Country, 2015-2027(US$ Mn)
9.1.1.Brazil
9.1.2.Mexico
9.1.3.Argentina
9.1.4.Rest of Latin America
9.2.Latin America AIOps Market, by Component, 2015-2027(US$ Mn)
9.2.1.Overview
9.2.2.Platforms
9.2.3.Services
9.3.Latin America AIOps Market, by Application, 2015-2027(US$ Mn)
9.3.1.Overview
9.3.2.Real-time analytics
9.3.3.Infrastructure management
9.3.4.Network and security management
9.3.5.Application performance management
9.3.6.Others
9.4.Latin America AIOps Market, by Deployment, 2015-2027(US$ Mn)
9.4.1.Overview
9.4.2.On-premises
9.4.3.Cloud based
9.5.Latin America AIOps Market, by Organization Size, 2015-2027(US$ Mn)
9.5.1.Overview
9.5.2.SMEs
9.5.3.Large Enterprises
9.6.Latin America AIOps Market, by Vertical, 2015-2027(US$ Mn)
9.6.1.Overview
9.6.2.BFSI
9.6.3.Healthcare and Life Sciences
9.6.4.Retail and Consumer Goods
9.6.5.Telecom and IT
9.6.6.Manufacturing
9.6.7.Government
9.6.8.Media and Entertainment
9.6.9.Others

10.Middle East

10.1.Middle East AIOps Market, by Country, 2015-2027(US$ Mn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Rest of Middle East
10.2.Middle EastAIOps Market, by Component, 2015-2027(US$ Mn)
10.2.1.Overview
10.2.2.Platforms
10.2.3.Services
10.3.Middle EastAIOps Market, by Application, 2015-2027(US$ Mn)
10.3.1.Overview
10.3.2.Real-time analytics
10.3.3.Infrastructure management
10.3.4.Network and security management
10.3.5.Application performance management
10.3.6.Others
10.4.Middle EastAIOps Market, by Deployment, 2015-2027(US$ Mn)
10.4.1.Overview
10.4.2.On-premises
10.4.3.Cloud based
10.5.Middle EastAIOps Market, by Organization Size, 2015-2027(US$ Mn)
10.5.1.Overview
10.5.2.SMEs
10.5.3.Large Enterprises
10.6.Middle EastAIOps Market, by Vertical, 2015-2027(US$ Mn)
10.6.1.Overview
10.6.2.BFSI
10.6.3.Healthcare and Life Sciences
10.6.4.Retail and Consumer Goods
10.6.5.Telecom and IT
10.6.6.Manufacturing
10.6.7.Government
10.6.8.Media and Entertainment
10.6.9.Others

11.Africa

11.1.Africa AIOps Market, by Country, 2015-2027(US$ Mn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Latin America AIOps Market, by Component, 2015-2027(US$ Mn)
11.2.1.Overview
11.2.2.Platforms
11.2.3.Services
11.3.Latin America AIOps Market, by Application, 2015-2027(US$ Mn)
11.3.1.Overview
11.3.2.Real-time analytics
11.3.3.Infrastructure management
11.3.4.Network and security management
11.3.5.Application performance management
11.3.6.Others
11.4.Latin America AIOps Market, by Deployment, 2015-2027(US$ Mn)
11.4.1.Overview
11.4.2.On-premises
11.4.3.Cloud based
11.5.Latin America AIOps Market, by Organization Size, 2015-2027(US$ Mn)
11.5.1.Overview
11.5.2.SMEs
11.5.3.Large Enterprises
11.6.Latin America AIOps Market, by Vertical, 2015-2027(US$ Mn)
11.6.1.Overview
11.6.2.BFSI
11.6.3.Healthcare and Life Sciences
11.6.4.Retail and Consumer Goods
11.6.5.Telecom and IT
11.6.6.Manufacturing
11.6.7.Government
11.6.8.Media and Entertainment
11.6.9.Others

12.Global

12.1.Global AIOps Market, by Component, 2015-2027(US$ Mn)
12.1.1.Overview
12.1.2.Platforms
12.1.3.Services
12.2.Global AIOps Market, by Application, 2015-2027(US$ Mn)
12.2.1.Overview
12.2.2.Real-time analytics
12.2.3.Infrastructure management
12.2.4.Network and security management
12.2.5.Application performance management
12.2.6.Others
12.3.Global AIOps Market, by Deployment, 2015-2027(US$ Mn)
12.3.1.Overview
12.3.2.On-premises
12.3.3.Cloud based
12.4.Global AIOps Market, by Organization Size, 2015-2027(US$ Mn)
12.4.1.Overview
12.4.2.SMEs
12.4.3.Large Enterprises
12.5.Global AIOps Market, by Vertical, 2015-2027(US$ Mn)
12.5.1.Overview
12.5.2.BFSI
12.5.3.Healthcare and Life Sciences
12.5.4.Retail and Consumer Goods
12.5.5.Telecom and IT
12.5.6.Manufacturing
12.5.7.Government
12.5.8.Media and Entertainment
12.5.9.Others

13.Company Profiles

13.1.Aims Innovation
13.2.Appdynamics
13.3.Appnomic Systems
13.4.BMC Software
13.5.CA Technologies
13.6.Cloudfabrix
13.7.Correlsense
13.8.Corvil
13.9.Devo
13.10.Dynatrace
13.11.Extrahop
13.12.Fixstream
13.13.Gavs Technologies
13.14.Grok
13.15.HCL Technologies
13.16.IBM
13.17.Interlink Software
13.18.ITRS
13.19.Logz.Io
13.20.Loom Systems
13.21.Micro Focus
13.22.Moogsoft
13.23.Opsdatastore
13.24.Splunk
13.25.Tech Mahindra
VMware

List of Figures

FIG. 1 Global AIOps Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global AIOps Market Segmentation

FIG. 4 Global AIOps Market, by Component, 2019(US$ Mn)

FIG. 5 Global AIOps Market, by Application, 2019(US$ Mn)

FIG. 6 Global AIOps Market, by Deployment, 2019(US$ Mn)

FIG. 7 Global AIOps Market, by Organization Size, 2019(US$ Mn)

FIG. 8 Global AIOps Market, by Vertical, 2019(US$ Mn)

FIG. 9 Global AIOps Market, by Geography, 2019(US$ Mn)

FIG. 10 Attractive Investment Proposition, by Geography, 2019

FIG. 11 Global Market Positioning of Key AIOps Market Companies, 2019

FIG. 12 North AmericaAIOps Market, 2015-2027(US$ Mn)

FIG. 13 EuropeAIOps Market, 2015-2027(US$ Mn)

FIG. 14 Asia PacificAIOps Market, 2015-2027(US$ Mn)

FIG. 15 Middle EastAIOps Market, 2015-2027 (US$ Mn)

FIG. 16 AfricaAIOps Market, 2015-2027 (US$ Mn)

FIG. 17 U.S. AIOps Market, 2015-2027(US$ Mn)

FIG. 18 CanadaAIOps Market, 2015-2027(US$ Mn)

FIG. 19 U.K. AIOps Market, 2015-2027(US$ Mn)

FIG. 20 Germany AIOps Market, 2015-2027(US$ Mn)

FIG. 21 FranceAIOps Market, 2015-2027(US$ Mn)

FIG. 22 Italy AIOps Market, 2015-2027(US$ Mn)

FIG. 23 Russia AIOps Market, 2015-2027(US$ Mn)

FIG. 24 Spain AIOps Market, 2015-2027(US$ Mn)

FIG. 25 Rest of Europe AIOps Market, 2015-2027(US$ Mn)

FIG. 26 China AIOps Market, 2015-2027(US$ Mn)

FIG. 27 Japan AIOps Market, 2015-2027(US$ Mn)

FIG. 28 South Korea AIOps Market, 2015-2027(US$ Mn)

FIG. 29 India AIOps Market, 2015-2027(US$ Mn)

FIG. 30 Australia AIOps Market, 2015-2027(US$ Mn)

FIG. 31 Rest of Asia Pacific AIOps Market, 2015-2027(US$ Mn)

FIG. 32 Brazil AIOps Market, 2015-2027(US$ Mn)

FIG. 33 Mexico AIOps Market, 2015-2027(US$ Mn)

FIG. 34 Argentina AIOps Market, 2015-2027(US$ Mn)

FIG. 35 Rest of Latin America AIOps Market, 2015-2027(US$ Mn)

FIG. 36 UAE AIOps Market, 2015-2027(US$ Mn)

FIG. 37 KSAAIOps Market, 2015-2027(US$ Mn)

FIG. 38 Israel AIOps Market, 2015-2027(US$ Mn)

FIG. 39 Rest of Middle East AIOps Market, 2015-2027(US$ Mn)

FIG. 40 South Africa AIOps Market, 2015-2027(US$ Mn)

FIG. 41 Egypt AIOps Market, 2015-2027(US$ Mn)

FIG. 42 Nigeria AIOps Market, 2015-2027(US$ Mn)

FIG. 43 Rest of Africa AIOps Market, 2015-2027(US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global AIOps Market

TABLE 2 Global AIOps Market, by Component, 2015-2027 (US$ Mn)

TABLE 3 Global AIOps Market, by Application, 2015-2027 (US$ Mn)

TABLE 4 Global AIOps Market, by Deployment, 2015-2027 (US$ Mn)

TABLE 5 Global AIOps Market, by Organization Size, 2015-2027 (US$ Mn)

TABLE 6 Global AIOps Market, by Vertical, 2015-2027 (US$ Mn)

TABLE 7 Global AIOps Market, by Geography, 2015-2027 (US$ Mn)

TABLE 8 North America AIOps Market, by Component, 2015-2027 (US$ Mn)

TABLE 9 North America AIOps Market, by Application, 2015-2027 (US$ Mn)

TABLE 10 North America AIOps Market, by Deployment, 2015-2027 (US$ Mn)

TABLE 11 North America AIOps Market, by Organization Size, 2015-2027 (US$ Mn)

TABLE 12 North America AIOps Market, by Vertical, 2015-2027 (US$ Mn)

TABLE 13 North America AIOps Market, by Country, 2015-2027 (US$ Mn)

TABLE 14 Europe AIOps Market, by Component, 2015-2027 (US$ Mn)

TABLE 15 Europe AIOps Market, by Application, 2015-2027 (US$ Mn)

TABLE 16 Europe AIOps Market, by Deployment, 2015-2027 (US$ Mn)

TABLE 17 Europe AIOps Market, by Organization Size, 2015-2027 (US$ Mn)

TABLE 18 Europe AIOps Market, by Vertical, 2015-2027 (US$ Mn)

TABLE 19 Europe AIOps Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 20 Asia Pacific AIOps Market, by Component, 2015-2027 (US$ Mn)

TABLE 21 Asia Pacific AIOps Market, by Application, 2015-2027 (US$ Mn)

TABLE 22 Asia Pacific AIOps Market, by Deployment, 2015-2027 (US$ Mn)

TABLE 23 Asia Pacific AIOps Market, by Organization Size, 2015-2027 (US$ Mn)

TABLE 24 Asia Pacific AIOps Market, by Vertical, 2015-2027 (US$ Mn)

TABLE 25 Asia Pacific AIOps Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 26 Latin America AIOps Market, by Component, 2015-2027 (US$ Mn)

TABLE 27 Latin America AIOps Market, by Application, 2015-2027 (US$ Mn)

TABLE 28 Latin America AIOps Market, by Deployment, 2015-2027 (US$ Mn)

TABLE 29 Latin America AIOps Market, by Organization Size, 2015-2027 (US$ Mn)

TABLE 30 Latin America AIOps Market, by Vertical, 2015-2027 (US$ Mn)

TABLE 31 Latin America AIOps Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 32 Middle East AIOps Market, by Component, 2015-2027 (US$ Mn)

TABLE 33 Middle East AIOps Market, by Application, 2015-2027 (US$ Mn)

TABLE 34 Middle East AIOps Market, by Deployment, 2015-2027 (US$ Mn)

TABLE 35 Middle East AIOps Market, by Organization Size, 2015-2027 (US$ Mn)

TABLE 36 Middle East AIOps Market, by Vertical, 2015-2027 (US$ Mn)

TABLE 37 Middle East AIOps Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 38 Africa AIOps Market, by Component, 2015-2027 (US$ Mn)

TABLE 39 Africa AIOps Market, by Application, 2015-2027 (US$ Mn)

TABLE 40 Africa AIOps Market, by Deployment, 2015-2027 (US$ Mn)

TABLE 41 Africa AIOps Market, by Organization Size, 2015-2027 (US$ Mn)

TABLE 42 Africa AIOps Market, by Vertical, 2015-2027 (US$ Mn)

TABLE 43 Africa AIOps Market, by Country/Region, 2015-2027 (US$ Mn)

Frequently asked questions

What is the current size of the global AIOps market?

The AIOps market is expected to grow from US$ 4.4 billion in 2020 to US$ 15.8 billion by 2027, with a CAGR of 20.1% from 2020 to 2027.

What are the major opportunities in AIOps industry?

Some of the market’s main potential prospects include exponentially growing data, an increasing business need for holistic 360° visibility, and increased investments in AIOps technology.

What is major growth driving factor for AIOps industry?

Growing Demand of AI-Based Services for IT Operations, Increasing Shift of Organizations’ Core Business to the Cloud, Increasing End-To-End Business Application Assurance and Uptime are some of the driving factors of the market.

Which region is expected to have the largest share of the AIOps market?

North America dominated the AIOps market in 2020 and is anticipated to dominate throughout the forecast period.

Which Vertical sector will dominate the AIOps market?

The market is expected to be dominated by the BFSI segment.

Sushant Phapale

ICT & Automation Expert

Sushant is an expert in ICT, automation, and electronics with a passion for innovation and market trends.

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