According to a new market research report published by sheer analytics and insights, “The Global Artificial Intelligence (AI) For IT Operations Platform Market was valued at $3.2 Billion in 2020. Growing at a high CAGR of more than 18.7% between 2021 and 2031, it is estimated to reach $23.3 Billion by 2031”, as per the latest market research report titled Global Artificial Intelligence (AI) For IT Operations Platform Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.
The AI or Artificial Intelligence for IT Operations or AIOps platform contextualizes and correlates data across various customers, applications, infrastructure, and network services. The platform applies to machine learning, advanced analytics, and automation to provide an advanced level of visibility and data-driven recommendations. However, the advanced use of the AIOps platform and digital experience monitoring tools among large enterprises for application monitoring and infrastructure is expected to drive the market growth over the forecast period. In addition to this, these platforms enable optimizing expenditure, modeling and predicting workload capacity requirements, and resource usage. Hence, resource optimization also acts as an opportunity for the market to grow during the forecast period.
However, in this current pandemic of COVID-19, the Artificial Intelligence (AI) For IT Operations Platform market was affected much. The COVID-19 outbreak is expected to drive the market growth of next-generation tech domains, including AI, owing to the mandated WFH or work-from-home policy. Additionally, tech companies are expanding their product and service portfolios to increase availability across the globe. Apart from that, the rising of the IT Operations Platform sector across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.
Geographically, The Artificial Intelligence (AI) For IT Operations Platform Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include AppDynamics, BMC Software, Inc., Broadcom, HCL Technologies Limited, International Business Machines Corporation, Micro Focus, Moogsoft, ProphetStor Data Services, Inc., Resolve Systems, Splunk Inc., VMware, Inc., IBM, CA Technologies, FixStream, and Correlsense among others.
The Global Artificial Intelligence (AI) For IT Operations Platform Market Has Been Segmented into:
Global Artificial Intelligence (AI) For IT Operations Platform Market: By Offering Outlook
Global Artificial Intelligence (AI) For IT Operations Platform Market: By Application
Global Artificial Intelligence (AI) For IT Operations Platform Market: By Deployment Mode
Global Artificial Intelligence (AI) For IT Operations Platform Market: By Vertical
Global Artificial Intelligence (AI) For IT Operations Platform Market: By Region