The global artificial intelligence for IT operations platform market size is expected to be worth around US$ 32.5 billion by 2030, according to a new report by Vision Research Reports.
The global artificial intelligence for IT operations platform market size was valued at US$ 7.30 billion in 2020 and is anticipated to grow at a CAGR of 22.2% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | US$ 32.5 billion by 2030 |
| Growth Rate | CAGR of 22.2% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Offering, Application, Deployment mode, Organization size, vertical |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | AppDynamics; BMC Software, Inc.; Broadcom; HCL Technologies Limited; International Business Machines Corporation; Micro Focus; Moogsoft; ProphetStor Data Services, Inc.; Resolve Systems; Splunk Inc. |
Growth Factors
Rapid digital transformations in global business organizations have brought about increasingly complex datasets. Businesses spend a significant amount of time, cost, and effort on processing large volumes of data. IT operations are also on the edge of this transformation, wherein IT teams are required to manage complex datasets to sustain their business. Besides, there has been a considerable increase in data loads over the last few years due to the distributed architecture and dynamic nature of business applications and services. With the increasing IT agility requirement, AIOps has emerged as a way for IT operations teams to keep up with business demands, trends, and aggressive digitization of IT infrastructure.
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Key Players
Market Segmentation
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In this study, the years considered to estimate the market size of Artificial Intelligence For IT Operations Platform are as follows:
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
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