Artificial Intelligence for IT Operations (AIOps) Market Growth, Size, Share, Trends, and Forecast 2032

Artificial Intelligence for IT Operations (AIOps) Market Insights

According to a report from Zion Market Research, the global Artificial Intelligence for IT Operations (AIOps) Market was valued at USD 3.17 Billion in 2023 and is projected to hit USD 33.95 Billion by 2032, with a compound annual growth rate (CAGR) of 26.8% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Artificial Intelligence for IT Operations (AIOps) Market industry over the next decade.

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Artificial Intelligence for IT Operations (AIOps) Market: Synopsis

Artificial intelligence for IT operations tool relates data across network, infrastructure, and myriad applications. Furthermore, it makes use of advanced analytics, automation, and machine learning for delivering higher proportion of visibility as well as data-based recommendations. In addition to this, large-scale utility of online experience monitoring systems by giant firms for detecting infrastructure and various applications will create lucrative growth avenues for artificial intelligence for IT operations (AIOps) industry over the assessment period.

Artificial Intelligence for IT Operations (AIOps) Market: Growth Drivers

AIOps applies advanced analytics & machine learning tools for recognizing patterns in automation data and service desks, thereby driving market trends. In addition to this, artificial intelligence is utilized for IT functions for enhancing performance as well as improving its access on-premises & cloud. Apparently, AI minimizes noise as well as prioritizes critical operations of the firms. All these aforementioned aspects will open new dimensions of growth for artificial intelligence for IT operations (AIOps) market in the forthcoming years.

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Moreover, AIOps tools aids DevOps processes along with supporting velocity of app releases. Apart from this, these tools help in accurately identifying issues and predict models, as well as estimating workload requirements for resource optimization & cost reduction. This, in turn, will carve a profitable growth graph for the artificial intelligence for IT operations (AIOps) market over the forecast timeframe.

Artificial Intelligence for IT Operations (AIOps) Market: Report Scope

North America To Account For Highest Market Share Over 2024-2032

The growth of artificial intelligence for IT Operations (AIOps) market in North America is likely to expand leaps & bounds over forecast timeline due to presence of reputed vendors in the subcontinent. In addition to this, many of the tech giants are developing strong AIOps tools for a slew of verticals. This will offer new growth avenues for regional market during the predicted timeline.

Artificial Intelligence for IT Operations (AIOps) Market Key Players

Key players profiled in the study and influencing the business growth include

• BMC Software Inc.
• Moogsoft
• Broadcom
• VMare Inc.
• AppDynamics
• IBM Corporation
• Splunk Inc.
• ProphetStor Data Services Inc.

The global Artificial Intelligence for IT Operations (AIOps) Market is segmented as follows:

By Application:

• Infrastructure Management
• Network & Security Management
• Application Performance Analysis
• Real-Time Analytics

By Vertical:

• BFSI
• IT & Telecom
• Healthcare & Life Sciences
• Media & Entertainment
• Retail & Ecommerce
• Government & Public Sector
• Energy & Utilities

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa