Asia Pacific Artificial Intelligence for IT Operations (AIOps) Platform Market By Component (Platform (Without Services) and Services), By Application (Real-Time Analytics, Application Performance Analysis, Infrastructure Management, Network & Security Management, and Others), By Deployment Type (On-premise and Cloud), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End User (BFSI, Retail & eCommerce, Energy & Utilities, Healthcare & Life Sciences, Government & Public Sector, Telecom & IT, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Artificial Intelligence for IT Operations (AIOps) Platform Market would witness market growth of 23.2% CAGR during the forecast period (2021-2027).
This platform is mostly adopted by large & complex organizations or in companies that use cloud computing or DevOps. This platform offers additional insights of development teams to the organization’s operational team that utilizes the DevOps model. The additional insights of the developmental teams help operational teams to gain more visibility into changes happening in production. AIOps platform eliminates the risks that are involved in hybrid cloud platforms by helping all operators in the IT infrastructure. In most instances, the AIOps platform assists the large-sized organization with a massive IT ecosystem. Moreover, the AIOps platform is capable of identifying issues in an IT ecosystem, automating processes, and assisting teams by offering uninterrupted communication, and these factors offered by the AIOps platform help large-sized organizations.
Moreover, AIOps utilizes a cluster of several artificial intelligence strategies such as analytics, automation & orchestration, algorithms, data output, machine learning & visualization, and aggregation. Many of the aforementioned technologies are well developed. The data used in AIOps is collected from helpdesk ticketing systems, log files, metrics & monitoring tools, and other sources. The results obtained from the systems are combined and organized by big data technologies to provide comprehensive insights. Analytics techniques are very helpful in interpreting sensitive information to extract useful data for creating new data & metadata. Moreover, analytics also minimizes noise (spurious data) and identifies patterns & trends, which allows the tool to detect and solve issues, estimate capacity requirements, and handle several other events.
The artificial intelligence for IT operations platform market has procured a significant growth rate in Asia-Pacific. This growth is attributed to the transforming IT, electrical & electronics sectors in this region. The major nations contributing to the growth of the regional market are Japan, India, and China. Moreover, Japan which have introduced the concept of humanoids in various sectors due to the dearth of manpower in these nations. Additionally, rising requirements of autonomous weapons in defense sector in China are projected to boost the deployment of the AIOps platform in the regional market.
In addition, the demand for intelligent virtual assistants is surging in the region which will have a positive impact on the growth of the AIOps platform. Further, the growing trend of smart infrastructures in developing and developed nations is also boosting the adoption of the AIOps platform in the region. Therefore, these factors are accountable to escalate the growth of the regional artificial intelligence for IT operations platform market during the forecasting years.
The China market dominated the Asia Pacific Cloud Artificial Intelligence for IT Operations (AIOps) Platform Market by Country 2020, thereby, achieving a market value of $514.5 million by 2027. The Japan market is showcasing a CAGR of 24.3% during (2021 - 2027). Additionally, The India market is estimated to grow at a CAGR of 25.8% during (2021 - 2027).
Based on Component, the market is segmented into Platform (Without Services) and Services. Based on Application, the market is segmented into Real-Time Analytics, Application Performance Analysis, Infrastructure Management, Network & Security Management, and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Retail & eCommerce, Energy & Utilities, Healthcare & Life Sciences, Government & Public Sector, Telecom & IT, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Micro Focus International PLC, Dell Technologies, Inc. (VMware, Inc.), Broadcom, Inc., BMC Software, Inc. (KKR & Co., Inc.), AppDynamics (Cisco Systems, Inc.), HCL Technologies Ltd. (HCL Enterprises), Splunk, Inc., Moogsoft, and Resolve Systems, LLC (Insight Partners).
Scope of the Study
Market Segments Covered in the Report:
- Platform (Without Services)
- Real-Time Analytics
- Application Performance Analysis
- Infrastructure Management
- Network & Security Management
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- Retail & eCommerce
- Energy & Utilities
- Healthcare & Life Sciences
- Government & Public Sector
- Telecom & IT
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Micro Focus International PLC
- Dell Technologies, Inc. (VMware, Inc.)
- Broadcom, Inc.
- BMC Software, Inc. (KKR & Co., Inc.)
- AppDynamics (Cisco Systems, Inc.)
- HCL Technologies Ltd. (HCL Enterprises)
- Splunk, Inc.
- Resolve Systems, LLC (Insight Partners)
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