AIOps Market 2023-2032; Growth Forecast & Industry Share Report

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AIOps Market 2023-2032 Growth Forecast
Industry Share Report
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• Industry Insights

• As per a recent research report, AIOps Market to
  surpass USD 38 Bn by 2032.
• Global Artificial Intelligence in IT Operations
  (AIOps) Market is slated to grow substantially
  through 2032, owing to a paradigm shift to cloud
  solutions by enterprises. The AIOps' stellar
  demand can be attributed to AI's ability to
  perform anomaly detection, root cause
  diagnostics, predictive maintenance, closed-loop
  issue remediations, and critical functions in
  complex cloud environments. According to a
  report, 40 of all business workloads will be
  transferred to cloud infrastructure and platform
  services by 2023.
• Besides, key market operators are seeking to gain
  a better foothold in the AIOps market by
  expanding their portfolios. To cite an instance,
  in March 2022, Deloitte introduced its AIOPS.D.
  As per reports, the AI-based business platform
  will be able to manage and execute core business
  processes, which will enable business enterprises
  to deliver their work effectively.

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• Overall, the artificial intelligence in IT
  Operations (AIOps) market is segmented on the
  basis of component, solution, service, deployment
  model, enterprise size, application, end user,
  and region.
• Based on the component, the service segment is
  set to witness massive growth in the next ten
  years, owing to the increasing adoption of cloud
  computing, which will support the demand for
  managed services. Besides, the emergence of PaaS
  and SaaS will also contribute to the market
  growth.
• In terms of service, the market is likely to be
  characterized by the managed services segment,
  which will grow at approximately 29.5 CAGR
  between 2023 and 2032. Since managed AIOps
  services help firms eliminate endpoint-generated
  threats, these are being increasingly adopted by
  organisations, fueling the market demand through
  the coming years.
• On the basis of the deployment model, the
  on-premise segment will grow significantly
  through 2032. As AIOps can be controlled and
  managed on the premise and carried out by
  in-house resources, this allows organizations to
  customize their solutions, which will result in
  the segmental expansion.

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• Regional Analysis

AIOps market will grow significantly in North
America, where it held 42 market share in 2022.
More enterprises are focusing on monitoring tools
to cater to the increasing demand for data
capture, and this trend will continue to bolster
the regional market through 2032. In addition,
the growing prominence of leading industry giants
in the continent would further stimulate the
market scenario in the coming years.

• Competitive Analysis

• IBM Corporation, Cisco Systems Inc, Splunk,
  Dynatrace Inc. Elastic, Broadcom SA, and others.

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