The global AIOps market is estimated to grow at a considerable rate during the forecast period. AIOps is a multi-layered technology which is being used in various industries for automation as well as enhancing IT operations. The technology is implemented through smart analysis techniques, and machine learning that uses large size of data collected from various IT operations tools and devices. Due to the availability of the huge amount of data regarding business, there is an increase in operations requirement for technology-assisted functioning. With the complexity of data and operations, conventional infrastructure for managing the operations manually is tedious and time-consuming. Time-consuming process hampers the decision making the process in the business, which as a result increase the adoption of artificial operations for IT operations.

Other factors contributing to the market growth include growth in the adoption of cloud-based services, an increase in the development of a number of technology-assisted services, and considerable growth in the ICT industry in emerging economies. However, the market is being hampered by a lack of awareness among various business organizations and the requirement for a highly skilled workforce in order to access the AI-assisted tool. Due to low technology understanding, skilled workforce act as a major challenge for the growth of the global AIOps market. Moreover, the shift towards automation is considered as one of the major opportunities in the global AIOps market.

The global AIOps market is segmented on the basis of the deployment method, and end-user. On the basis of the deployment method, the market is segmented into on-premises and cloud-based services. The cloud-based services segment is expected to grow at a considerable rate during the forecast period owing to the ease of operation and low capital cost as compared to on-premises services. Further, AIOps platform is adopted in various end-user industries such as BFSI, IR & telecom, healthcare, media & entertainment, and others.

Geographically, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world. On the basis of geography, the market is analyzed into North America, Europe, Asia-Pacific, and rest of the world. North America is expected to hold a significant share in the global AIOps market. The major factor contributing to the significant market share include the presence of major market players in the region. Moreover, developed an understanding of technology in the region is supporting the adoption of technology-assisted operations.

Moreover, the market growth is influenced by the presence of market players. Some of the players operating in the market include Broadcom Inc (CA Inc), Splunk, Inc., Micro Focus International PLC GAVS Technology, Inc., IBM Corp., Loom Systems Ltd., CloudfabriX Software, Inc., FixStream Networks, Inc., and AppDynamics LLC. Partnership and Collaboration in order to launch new solutions in the market is one of the strategies adopted by the market players. For instance, in April 2019, Tech Mahindra Ltd. and UiPath announced an end-to-end cognitive operations automation solution, in the area of Service Desk Operations to accelerate the automation journey of an enterprise.

Research Methodology

The market study of the global AIOps market is incorporated by extensive primary and secondary research conducted by a research team at OMR.  Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers and news blogs
• Company websites and their product catalog

The report is intended for AIOps platform providers, software vendors, IT firms, BFSI organizations, potential investors and venture capitalists, government organizations, and others for overall market analysis and competitive analysis. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Global AIOps Market Research and Analysis by Deployment Method
2. Global AIOps Market Research and Analysis by End-User

The Report Covers:

• Comprehensive research methodology of the global AIOps market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global AIOps market.
• Insights about market determinants which are stimulating the global AIOps market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.