AIOps Platform Market Size, Share: Emerging Technologies, Sales Revenue, Key Players Analysis, Development

The AIOps Platform Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Components, Deployment, Organization Size and Vertical," the AIOps platform market size is projected to reach US$ 19,933.5 million by 2028 from US$ 2,831.2 million in 2021. It is expected to grow at a CAGR of 32.2% from 2021 to 2028. This evolution in the network security firewall has been majorly attributed by the dynamic growth in the IT industry resulting in the growth of disruptive and connected technologies such as IoT. Owing to these, transformations have paved the way for heinous and malicious practices resulting in data and revenue loss for various organizations.

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The report segments the global Market as follows:

By Component (Platforms and Services)
By Deployment (On-premises and Cloud), Organization Size (SMEs and Large Enterprises)
By Vertical (BFSI, Telecom and IT, Manufacturing, Government, and Others)

Organizations that operate in the global information technology market have offices in various parts of the world. As a result, onboarding employees, tracking employee performance, maintaining employee time and attendance gets complicated. AIOps platform and communication tools make it easier for distant teams and personnel to manage projects from a long distance. AIOps platform also aids in the automation and streamlining of HR activities. A structured onboarding program helps firms retain 58% of their employees for at least 3 years. A good AIOps platform saves money and paves the way to improve business operations. As a result, automated business processes speed up and simplify activities, allowing employees to be more productive, motivated, and engaged at work. Hence, these factors are boosting the AIOps platform market growth.

The Key Players in The Global Market Are: 

IBM
AppDynamics
BMC Software, Inc
Broadcom Inc
Dynatrace LLC
HCL Technologies Limited
Micro Focus
Moogsoft Inc.
Resolve Systems, LLC
Splunk Inc.
BigPanda

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The AIOps platform market is assessed on the basis of components, deployment, organization size, vertical, and geography. AIOps platform market analysis by component, the AIOps platform market is bifurcated into platforms and services. AIOps platform market analysis by deployment, the AIOps platform market is categorized into on-premises and cloud-based. Based on organization size, the AIOps platform market is categorized into small and medium enterprises and large enterprises. Based on vertical, the AIOps platform market is segmented into BFSI, IT And telecom, aerospace and defense, government, and others. Based on geography, the AIOps platform market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

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The ongoing COVID-19 outbreak has given the AIOps platform market share a significant boost. As AI-based IT operating solutions become more common, the industry has accelerated significantly, allowing businesses to focus more on innovation. During the pandemic, AIOps provided various benefits to businesses, including automating monotonous processes, delivering meaningful reporting, and boosting risk management. As a result of these efforts, the industry's post-COVID-19 repercussions have increased. For instance, LogMeIn, Inc. (US), a cloud and SaaS-based remote connectivity and customer interaction services provider, saw a significant surge in new sign-ups across all service portfolios during the pandemic.

In addition, tech companies are diversifying their service and product portfolios to boost global availability. For example, Google LLC launched the Rapid Response Virtual Agent, an AI-powered chatbot for call centers, in April 2020. This chatbot was created to address customers' concerns about the COVID-19 epidemic via chat, voice, and other social media platforms

Answers that the report acknowledges:

Market size and growth rate during forecast period.
Key factors driving the Market.
Key market trends cracking up the growth of the Market
Challenges to market growth.
Key vendors of AIOps Platform Market
Detailed SWOT analysis.
Opportunities and threats face by the existing vendors in Global Market
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major region

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This release was published on openPR.