Published Date: 18-Nov-2021
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According to a new report Global Artificial Intelligence for IT Operations (AIOps) Platform Market, published by KBV research, The Global Artificial Intelligence for IT Operations (AIOps) Platform Market size is expected to reach $19.5 billion by 2027, rising at a market growth of 21% CAGR during the forecast period.
In 2020, the platform segment acquired the maximum revenue share of artificial intelligence for the IT operations platform market. The vendors of this platform offer responsive, modern, and reliable platform experience for several business companies to remain competitive in the market. In addition, this platform provides various business benefits like faster digital transformation, cohesive agility, efficient data processing, and better decision-making.
The infrastructure management segment would exhibit a prominent growth rate in the artificial intelligence for the IT operations platform market during the forecasting years. The high demand for artificial intelligence across heavy IT infrastructure workloads is boosting the growth of the segment. For example, in 2020, International Business Machines Corporation unveiled IBM Watson AIOps, a large variety of latest AI-powered capabilities and services for company automation. These services are developed to facilitate automation in IT infrastructures and make them stronger.
In 2020, North America emerged as the leading region in the artificial intelligence for IT operations platform market. In the US, AI-based investment advisory consumer applications have become popular as they assist in enhancing investment decisions. Additionally, the presence of various AIOps platform providers across the region is driving the growth of the regional market. Moreover, various companies like tech start-ups & giants are designing AIOps platforms for various verticals.
Full Report: https://www.kbvresearch.com/aiops-platform-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
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