Artificial Intelligence for IT Operations (AIOps) Market Expected to Generate $ 17.2 Billion in Revenue by 2026 – Zion Market Research
NEW YORK, October 14, 2021 / PRNewswire / – Zion Market Research has released a new research report titled Artificial Intelligence for IT Operations (AIOps) Market – By Vertical (BFSI, IT & Telecommunications, Healthcare & Life Sciences, Media & Entertainment, Retail & E-commerce, Government & Public Sector, & Energy and Utilities), by Application (Infrastructure Management, Network and Security Management, Application Performance Analysis and Real-Time Analytics) and by Region – Global Industry Outlook, Comprehensive Analysis and Forecast, 2020-2026 “ According to the report, the global artificial intelligence for computer operations (AIOps) market, estimated to be around $ 4.03 Billion in 2019 and is expected to generate income worth $ 17.2 Billions by 2026, is expected to register a CAGR of almost over 32% in 2020-2026.
The artificial intelligence tool for IT operations connects data across network, infrastructure and a myriad of applications. In addition, it uses advanced analytics, automation, and machine learning to deliver a higher proportion of visibility as well as data-driven recommendations. In addition to this, the large-scale utility of online experience monitoring systems by giant companies to detect infrastructure and various applications will create lucrative growth avenues for the artificial intelligence industry for operations. computing (AIOps) during the evaluation period.
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Artificial Intelligence for IT Operations (AIOps) Market: Growth Drivers
AIOps applies advanced analysis and machine learning tools to recognize patterns in automation data and service centers, thereby driving market trends. In addition to this, artificial intelligence is used for IT functions to improve performance as well as improve its on-premise and cloud access. Apparently, AI minimizes noise and prioritizes critical business operations. All of these aforementioned aspects will open up new growth dimensions for the Artificial Intelligence for Computer Operations (AIOps) market in the years to come.
Additionally, AIOps tools facilitate DevOps processes while supporting application release speed. Apart from that, these tools help to accurately identify problems and predict patterns, as well as estimate workload requirements for value for money and cost reduction. This, in turn, will chart a profitable growth graph for the Artificial Intelligence for Computer Operations (AIOps) market over the forecast period.
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North America to represent the highest market share over 2020-2026
The growth of the Artificial Intelligence for IT Operations (AIOps) market in North America is likely to increase by leaps and bounds from the planned schedule due to the presence of reputable suppliers in the subcontinent. On top of that, many tech giants are developing powerful AIOps tools for a multitude of verticals. This will offer new avenues of growth for the regional market during the forecast period.
Key players described in the study and influencing the growth of the business include BMC Software, Inc., Moogsoft, Broadcom, VMare, Inc., AppDynamics, IBM Corporation, Splunk, Inc. and ProphetStor Data Services, Inc.
The global Artificial Intelligence for IT Operations (AIOps) market is segmented as follows:
- Infrastructure management
- Network and security management
- Application performance analysis
- Real time analysis
- IT & Telecom
- Health and Life Sciences
- Media and entertainment
- Retail and e-commerce
- Government and public sector
- Energy and utilities
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- Great Britain
- Rest of Europe
- South Korea
- South East Asia
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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