AIOps Platform Market Size, Share, Growth Analysis, By Offering, By Service, By Deployment Mode, By Application, By Vertical, By Region - Industry Forecast 2024-2031

Global AIOps Platform Market size was valued at USD 9.9 billion in 2022 and is poised to grow from USD 12.9 billion in 2023 to USD 68 billion by 2031, growing at a CAGR of 23.1% during the forecast period (2024-2031).

The AIOps platform market is poised for significant expansion, fueled by the rise of remote work and the increasing complexities of tech environments. Data from the World Economic Forum indicates that U.S. workers are now spending an average of 2.37 days per week working from home, a 51% increase since last year. As businesses embrace cloud computing, there's an escalating demand for AIOps to manage the growing volumes of data and automate IT processes effectively. SaaS models have emerged as a leading choice for infrastructure monitoring and IT services, which are essential for operational efficiency. However, awareness remains a barrier to growth. Nonetheless, the broader adoption of automation technologies continues to propel the AIOps market forward in the IT operations landscape.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Aiops Platform market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Aiops Platform Market Segmental Analysis

Global AIOps Platform Market is segmented by Offering, Services, Deployment Mode, Application, Vertical and Region. Based on Offering, the market is segmented into Platform, Domain-Centric, Domain Agnostic, Services. Based on Services, the market is segmented into Professional Services, Managed Services. Based on Deployment Mode, the market is segmented into On Premises, Cloud. Based on Application, the market is segmented into Infrastructure Management, ITSM, Security and Event Management, Security Incident and Event Management (SIEM), Threat Intelligence and Detection, Security Event Correlation, Vulnerability Management. Based on Vertical, the market is segmented into BFSI, Retail and Ecommerce, Transportation, Healthcare, Telecom, Media and Entertainment, Energy and Power, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Aiops Platform Market

The global AIOps platform market is experiencing significant growth driven by the escalating complexity of IT systems. As organizations undergo digital transformation and increasingly adopt multi-cloud environments, they face heightened challenges in managing these intricate infrastructures. AIOps technologies provide essential capabilities such as automated problem management, real-time monitoring, and valuable insights, which are crucial for navigating this complexity. With an ever-expanding number of managed systems and data streams, the demand for AIOps solutions continues to rise, enabling IT teams to maintain efficiency and effectively address emerging issues in their operations.

Restraints in the Global Aiops Platform Market

The Global AIOps Platform market faces significant restraints due to integration challenges with legacy systems. Numerous organizations still rely on outdated IT infrastructure, making it difficult to seamlessly incorporate the latest AIOps solutions. This integration process can often lead to substantial costs and require considerable resources to ensure smooth data exchange and communication. Consequently, many businesses may hesitate to adopt AIOps technologies, as they fear the complexities of altering existing workflows and the difficulties associated with connecting old hardware to contemporary platforms. This apprehension could hinder the expansion of the AIOps market.

Market Trends of the Global Aiops Platform Market

The Global AIOps Platform market is experiencing significant growth driven by the shift towards multi-cloud systems, as enterprises seek enhanced resource allocation, flexibility, and protection against vendor lock-in. This trend indicates an increasing reliance on multiple cloud providers, necessitating sophisticated AIOps solutions that enable real-time monitoring and performance management across diverse cloud environments. As organizations grapple with the complexities inherent in multi-cloud operations, the demand for integrated AIOps platforms capable of streamlining management processes and providing comprehensive insights is surging, positioning AIOps as a critical component for successful cloud strategy implementation.