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AIOps Market Size By Component (Solution, Service), By Deployment Model, Enterprise Size, By Application (Infrastructure Management, Real-time Analytics, Network & Security Management, Application Performance Management), End-use & Forecast, 2023 - 2032

  • Report ID: GMI5153
  • Published Date: Mar 2023
  • Report Format: PDF

Artificial Intelligence in IT Operations Market size surpassed USD 3 billion in 2022 and is poised to grow at a CAGR of 27% from 2023 to 2032, owing to the rising demand for Al-based services in IT operations. The market growth is due to the rapid adoption of AI-based platforms across enterprises. IT infrastructure & operation leaders are planning for a post-COVID-19 environment by deploying AIOps to enable task automation, knowledge management, and change analysis. Also, enterprises are adopting AIOp platforms to compete with and replace some traditional monitoring tool categories.

Artificial Intelligence for IT operations (AIOps) Market

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Organizations of all sizes & types, ranging from start-ups to multinational corporations, government agencies, and non-profit organizations are increasingly turning to cloud computing technologies to provide a wide range of services. As core business applications have become more essential than ever, from process planning to customer relationship management, the ability to connect & analyze data in real-time has become increasingly critical for building a smarter business that makes informed decisions and optimizes investments to fund innovations. This growing demand for cloud computing is driving the AIOps market expansion as organizations look to leverage the latest technologies & tools to manage and optimize their cloud-based operations.

Growing adoption of AIOps solutions among enterprises

The AIOps solutions segment accounted for USD 2 billion revenue in 2022. AIOp solutions play an important role by aiding IT teams and organizations in adopting complex next-generation technologies that cannot be managed successfully using traditional solutions. Also, enterprises across various industry verticals have been focusing on combining automation & AI technologies in their IT operations.

AIOps Market Share, By Component

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Rising focus of organizations on improving their technological landscape

The Artificial Intelligence in IT operations market from cloud deployment segment is anticipated to witness over 26% growth during the forecast period, driven by the growing focus of organizations on modernizing their technology landscape with scalable cloud infrastructure. The cloud deployment model helps business enterprises in building common data services in two different ways, by consolidating the data into a single database and by managing the data in a distributed manner. Also, other associated benefits of cloud-based deployment including flexibility and a steady improvement in security features are set to drive the market demand for cloud-based AIOp solutions.

Rising implementation of AIOps by SMEs to enhance operations

The SMEs segment is slated to experience significant growth in the coming years, as digital solutions continue to gain wide acceptance across all industries. Many SMEs are now implementing multiple AIOp solutions to enhance their IT infrastructure management. For instance, in January 2021, a trend was illustrated by the launch of Amazon DevOps Guru by Amazon Web Services (AWS). This service leverages machine learning to identify and resolve operational issues, generate detailed reports & notifications, and provide actionable insights & recommendations.

Rapid growth in the adoption of AIOps by enterprises for infrastructure management

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of AIOps exceeded USD 3 billion in 2022 and is poised to grow at more than 27% CAGR from 2023 to 2032 driven by the rising demand for AI-based services for IT operations.

The solution component is expected to register more than 26.5% growth rate during 2023 to 2032 owing to the growing inclination of retailers towards AI solutions for customer management.

The Europe market held a sizable share and is projected to witness steady growth at over 26% CAGR between 2023 and 2032 on account of the growing ICT sector across the European Union.

Some of the key participants in the business scenario are IBM Corporation, Cisco Systems Inc, Splunk, Dynatrace Inc. Elastic, Broadcom SA, Extrahop Networks Inc., Harness Inc., and Logz.io Inc., among others.

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  • Base Year: 2022
  • Companies covered: 25
  • Tables & Figures: 486
  • Countries covered: 22
  • Pages: 230
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