A recent report published by Infinium Global Research on AIOps platform market provides an in-depth analysis of segments and sub-segments in the global as well as regional AIOps platform market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional AIOps platform market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global AIOps platform market. According to the report, the global AIOps platform market is projected to grow at a CAGR of 29.9% over the forecast period of 2019-2025.
AIOps means artificial intelligence for IT operations which refers to AI applications in the IT environment for managing data and information. Companies operating in the AIOps platform are investing in research and development to promote innovations. The major players are adopting strategies such as mergers, acquisitions, and new product launches improving the market share in the global AIOps platform market.
AIOps platform utilizes big data, modern machine learning, and other advanced analytics technologies to develop IT operations. The rising demand for AI-based software services in IT operations contributes to the growth of the AIOps platform market. The rising investments in AIOps technology drive the growth of the AIOps platform market. AIOps provides multiple layers that offer functionalities such as data collection and storage, visualization, integrations with other applications that fuel the growth of the AIOps platform market. The surge in data volumes and increasing end-to-end business applications contribute to the growth of the AIOps platform market. In addition, AIOps provides real-time data by eliminating silos, better tracking and management, and automated problem solving that stimulates the growth of the AIOps platform market. On the other side, the scarcity of skilled professionals in IT operations hinders the growth of the AIOps platform market. Moreover, research and development encourage innovations creating numerous opportunities for the growth of the AIOps platform market.
Based on geography, the AIOps platform market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to have a premium share in the global AIOps platform market. The increasing research and development activities and convergence of various technologies stimulate the growth of the AIOps platform market in North America. Asia-Pacific is anticipated to grow in the global AIOps platform market with a significant CAGR over the forecast period. The rising adoption of automation in the Asia-Pacific region fuels the growth of the AIOps platform market. Europe is showing growth in the global AIOps platform market.
The report on global AIOps platform market covers segments such as component, deployment model, enterprise size, end-user industry, and application. On the basis of component, the sub-markets include platforms, and services. On the basis of deployment model, the sub-markets include on-premise, and cloud. On the basis of enterprise size, the sub-markets include small, medium, and large. On the basis of end-user industry, the sub-markets include healthcare, BFSI, communication and technology, government, media and entertainment, and other end-user industries. On the basis of application, the sub-markets include infrastructure management, real-time analytics, network and security management, application performance management, and other applications.
The report provides profiles of the companies in the market such as IBM, Micro Focus International, plc, HCL Technologies Ltd., Moogsoft Inc., Tech Mahindra Ltd., Corvil, Devo, GAVS Technologies, Loom Systems, Grok, LLC, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of AIOps platform market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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