Artificial Intelligence for IT Operations Platform Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

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Artificial Intelligence for IT Operations Platform Market - Global Industry Analysis, Growth, Key Trends, Regional Assessment, and Forecast 2020 - 2030

Status : January, 2022 | Technology & Media

Report Digest


Artificial Intelligence for IT Operations Platform Market: Overview

The artificial intelligence for IT operations platform market is prognosticated to observe extensive growth during the forecast period of 2020-2030. The growing penetration of advanced technologies in the IT sector is expected to bring considerable growth opportunities for the global market.

Artificial intelligence for IT operations, also known as AIOps can be referred to as the application of AI to improve IT operations. AIOps specifically uses analytics, machine learning capabilities, and analytics to collect and aggregate large amounts of operations data generated by numerous IT infrastructure components. It diagnoses the root issues and helps resolve them rapidly with or without human intervention. The benefits etched to the use of artificial intelligence for IT operations will prove to be growth boosters for the global market.

The high adoption of AIOps in the IT sector due to the benefits it provides will serve as a vital growth booster for the artificial intelligence for IT operations platform market. Furthermore, the COVID-19 pandemic is expected to bring considerable growth for the artificial intelligence for IT operations platform market. Due to the fast adoption of remote work mechanisms, a majority of business functions are using AI technologies for convenience. Thus, organizations are planning to invest more in AI during COVID-19, which will serve as a prominent growth booster for the artificial intelligence for IT operations platform market.

The utilization of artificial intelligence in various IT applications such as application performance analysis, infrastructure management, network and security management, real-time analytics, and others will bring considerable growth opportunities. In addition, the use of AIOps in various end-users such as healthcare, life sciences, media and entertainment, BFSI, energy and utilities, retail and e-commerce, and government and public sector will invite profitable growth. These platforms are either deployed through cloud or on-premise.

Artificial Intelligence for IT Operations Platform Market: Competitive Insights

The artificial intelligence for IT operations platform market has numerous players vying to capture a large consumer base. Research and development activities form an important part of the artificial intelligence for IT operations platform market growth trajectory. Many new features and upgrades through these activities serve as revenue magnets for the players. An increase in the revenues results in adding value to the artificial intelligence for IT operations platform market growth structure.

Strategic collaborations such as mergers, acquisitions, joint ventures, and partnerships are crucial for the overall growth of the artificial intelligence for IT operations platform market. The players indulge in these activities for cementing their foothold in the artificial intelligence for IT operations platform market. These collaborations eventually increase the growth rate of the artificial intelligence for IT operations platform market to a substantial extent.

Some well-established players in the artificial intelligence for IT operations platform market are International Business Machines Corporation, Resolve Systems ProphetStor Data Services, Inc., HCL Technologies Limited, AppDynamics, Moogsoft, Broadcom, and BMC Software, Inc.

Artificial Intelligence for IT Operations Platform Market: Notable Developments

The artificial intelligence for IT operations platform market is filled with the latest developments. Some of the vital developments in the artificial intelligence for IT operations platform market are as follows:

  • BMC Software recently acquired StreamWeaver, a platform which simplifies capturing streaming data in real-time for advancing its AIOps strategy in Helix IT operations platform.
  • Moogsoft, an AIOps observability platform announced its partnership with IRIS Network Systems, a monitoring solution provider to improve IRIS’s monitoring solution with AIOps capabilities.

Such developments bode well for the growth of the artificial intelligence for IT operations platform market.

Artificial Intelligence for IT Operations Platform Market: Regional Dimensions

North America’s artificial intelligence for IT operations platform market is expected to witness a dominating position during the forecast period of 2020-2030. High presence of various AIOps platform vendors in the region is expected to serve as a growth booster for the artificial intelligence for IT operations platform market in North America. The growing awareness about artificial intelligence for IT operations platforms in the Asia Pacific will enable it to observe rapid growth.

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TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?