Global AIOps Platform Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Integration of Ai in Operation Services Across Financial Institutions Enhanced the Capabilities Built into the Service Desk Systems

The Global AIOps Platform Market is estimated to be USD 12.35 Bn in 2023 and is expected to reach USD 30.65 Bn by 2028 growing at a CAGR of 19.93%.

The global AIOps (Artificial Intelligence for IT Operations) market has recently experienced significant growth and evolution. This growth is driven by several factors, including the increasing complexity of IT environments, the exponential growth of data, and the growing demand for more intelligent and efficient IT operations. AIOps combines artificial intelligence (AI) and machine learning (ML) technologies with IT operations management. It offers organizations advanced analytics, automation capabilities, and valuable insights to optimize their IT infrastructure and enhance digital services. AIOps platforms are specifically designed to proactively detect, diagnose, and resolve IT incidents and issues, ultimately leading to improved reliability and performance of IT systems.

A range of factors influences the dynamics of the global AIOps market. Notable market drivers include the rising complexity of IT ecosystems, the imperative for real-time monitoring and incident management, the need for cost optimization in IT operations, the acceleration of digital transformation initiatives, and the maturation of AI and ML technologies. AIOps is increasingly recognized as a strategic investment to maintain competitiveness in today's technology-driven landscape. Nonetheless, the market faces certain challenges, such as concerns about data quality and privacy, resistance from IT teams towards automation adoption, complexities in integrating with legacy systems, and a shortage of skilled professionals in AI and ML.

Market Segmentations

• The Global AIOps Platform Market is segmented based on Offering, Services, Deployment Mode, Application, Vertical, and Geography.
• A diverse range of offerings is available in the global AIOps platform market, categorized by service. These encompass consulting, implementation, integration, support, training, managed services, and more. These services have a pivotal role in aiding organizations with the deployment, customization, and upkeep of AIOps solutions, aiming to enhance their IT operations. Consulting services provide strategic guidance for adopting AIOps, whereas implementation and integration services ensure data's seamless deployment and connectivity. Continuous support, training, and managed services are indispensable for maximizing the utility of AIOps. The customization option addresses specific organizational requirements, collectively establishing services as a fundamental component within the AIOps landscape.

Recent Development

• IBM announces the General Availability (GA) of IBM AIOps Insights, an AI-powered solution designed to address these challenges head-on and help transform the way central ITOps teams manage their organization’s IT environments. - July 2023

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are IBM, Splunk, Opentext, Dynatrace, Cisco, HCL Technologies, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyse and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global AIOps Platform Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global AIOps Platform Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global AIOps Platform Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market