Global AIOps Market Report 2022

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Major players in the AIOps market are BMC Software Inc, IBM Corporation, Moogsoft Inc, Splunk Inc, Appdynamics LLC (Cisco Systems Inc), Dynatrace LLC, CA Technologies, VMware, Micro Focus, HCL Technologies, Dell Inc, Bigpanda Inc, Broadcom Inc ., Elasticsearch BV, New Relic Inc and Loom Systems Ltd (Service Now Inc).

New York, September 12, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the “AIOps Global Market Report 2022” – https://www.reportlinker.com/p06319244/?utm_source=GNW

The global AIOps market is expected to grow from $ 4.58 billion in 2021 to $ 5.81 billion in 2022 at a compound annual growth rate (CAGR) of 26.76%. The AIOps market is expected to grow to $ 15.10 billion in 2026 at a compound annual growth rate (CAGR) of 26.95%.

The AlOps market consists of the sale of the AIOps platform and services by entities (organizations, sole proprietorships, partnerships) that refer to the use of natural language processing and machine learning models to simplify and automate operational processes. Systems, services, and applications generate huge amounts of log and performance data.

This data is used by AIOps to monitor resources and gain visibility into dependencies inside and outside IT systems. AIOps is beneficial in terms of time and cost savings, increases IT capabilities and accelerates digital transformation.

The main components of AIOps include platforms and services. The AIOps platform refers to a platform that integrates big data and machine learning capabilities to support all core IT operations through scalable data acquisition and analysis of IT’s ever-increasing data quantity, diversity and speed .

Small, medium and large businesses use AIOps to increase business efficiency. It can be deployed on premises or in the cloud.

They are widely used in banking, financial services and insurance (BFSI), information technology (IT) and telecommunications, healthcare, retail, government, manufacturing, media and entertainment and other industries for real-time analytics, business management. infrastructure, network and security management and application performance management.

North America was the largest region in the AIOps market in 2021. Asia Pacific is expected to be the fastest growing region over the forecast period.

Regions Covered by the AIOps Market Report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

AIOps Market Research Report is one of a series of new reports providing AIOps market statistics, including global AIOps industry market size, regional shares, competitors with AIOps market share, i Detailed AIOps market segments, market trends and opportunities, and any additional data you may need to thrive in the AIOps industry. This AIOps market research report offers a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The growing adoption of artificial intelligence is driving the AIOps market. Artificial intelligence (AI) is a replica of human intelligence programmed to think and act like humans.

AI improves organizations in various ways, from increasing customer experiences to automating repetitive work. Artificial intelligence collects and combines the huge expanding amounts of data produced by IT infrastructure components and removes unwanted data or noise to identify occurrences and patterns associated with problems with application availability and performance.

It reduces this hectic work and works efficiently thanks to the adoption of AI by this organization. According to a Forbes report, AI is already benefiting 86% of organizations, and 25% of organizations with a significant implementation of AI expect the technology to pay off in more revenue by 2021.

Therefore, the increasing adoption of AI in various industries is expected to increase the demand for AIOps during the forecast period.

Strategic partnership is a key trend that is gaining popularity in the AIOps market. Companies operating in the AIOps sector are focusing on a strategic partnership to expand their new product development activities and penetrate new markets.

In July 2020, Avantra, a UK-based AIOps platform for SAP Operations, partnered with Google Cloud. Through this partnership, organizations will automate their IT processes, resulting in a better business experience and faster migration of SAP workloads to the cloud.

Google Cloud is a platform that allows you to build, launch and scale apps, websites and services on Google’s infrastructure.

In June 2021, IBM, a US-based technology company that manufactures and sells computer hardware, middleware, and software, acquired Turbonomic for an undisclosed amount. The acquisition adds to IBM’s ongoing investment in ecosystem partners such as Cisco to assist clients in accelerating their journey to hybrid cloud and AI.

The purchase follows IBM’s recent acquisition of Instana for Application Performance Monitoring (APM) and the observability and release of the IBM Cloud Pak for Watson AIOps, which uses AI to automate IT operations. Turbonomic is a US-based company that provides Application Resource Management (ARM) and Network Performance Management (NPM).

The countries covered in the AIOps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06319244/?utm_source=GNW

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