AIOps Platform Market

AIOps Platform Market Outlook for 2024 to 2034

After the detailed analysis on service resource planning (SRP) SaaS solutions market, FMI published a new report on AIOps platform market. According to the analysis, the AIOps platform revenue is at a value of USD 12.631.80 million in 2024.

The AIOps vendors are working on industry-specific solutions that are designed to meet the diverse requirements in the healthcare, finance, and manufacturing sectors. Through the year 2034, the demand for AIOps platforms may provide the market with the opportunity to reach its value of USD 119,253 million with the CAGR of 25.20%.

Attributes	Details
AIOps Platform Market Value for 2024	USD 12,631.80 million
AIOps Platform Market Value for 2034	USD 119,253 million
AIOps Platform Market Forecast CAGR for 2024 to 2034	25.20%

Investment Opportunities on the AIOps Platform Market

• Investment in AIOps platforms built for cloud and offering scalability and flexibility for the modern IT environments
• Integrating Robotic Process Automation and other automation tools within their AIOps platform
• Prioritizing user experience and making sure that the interfaces are as intuitive as possible, providing training so that AIOps platforms are as fully adopted as possible

Historical vs Future AIOps Platform Market Outlook

Clearly, the AIOps platform market has seen a massive growth history. In total, the market valuation was at USD 10,221.10 million between 2019 and 2023 after clocking a sure 23% CAGR. The growth was pegged on some of the factors driving the industry, including an increase in IT complexity, the adoption of automation in IT operations, and the need for more security.

Category	Historical Period from 2019 to 2023
Market Valuation at the End of the Period	USD 10,221.10 million
CAGR	23.00%
Key Trends	Shift from people-driven approaches to machines-driven automation in IT operations
Growth factors	Increasing IT complexity in all industries

The future presents a growth pace that could even surpass the industry expectations. The AIOps platform market is expected to hit a market of USD 119,253 million between 2024 and 2034 with 25.2% CAGR. The factors driving growth of the industry are likely to be influenced by various emerging trends that include advanced AI and machine learning integration for improving the platform, user experience to enhance adoption, and cloud-native and hyperautomation.

The shift in trajectory hints toward a maturing market characterized by wider adoption and deeper integration of AIOps platforms into IT operations strategies in various industries.

Category	Forecast Period from 2024 to 2034
Market Valuation at the End of the Period	USD 119,253 million
CAGR	25.20%
Key Trends	Wider deployment of advanced AI and machine learning within AIOps platforms
Growth factors	Focus on user-friendliness and enhanced user experience to support broad adoption

AIOps Platform Market Trends

AIOps Solutions Customized for Various Industry Sectors

Different industries have a variety of operational bottlenecks, rules and regulations, and performance targets. The AIOps vendors are working on industry-specific solutions that are designed to meet the diverse requirements in the healthcare, finance, and manufacturing sectors. Custom-made solutions could be represented by already-built analytics models, integration, and best practices to monitor and manage the IT environments within those areas.

Collaboration and sharing are important parts of AIOps marketplaces.

AIOps vendors are developing marketplace platforms that enable the sharing of analytics models, integrations, and other components that have already been built. The adoption of this ecosystem approach enables the AIOps community to share knowledge and collaborate amongst themselves, thus accelerating innovation and leading to a situation where organizations can leverage proven solutions for specific use cases or industry verticals.

The Management of Multi-cloud And Hybrid Cloud

One of the most significant issues that arises when businesses employ hybrid cloud and multi-cloud strategies is the management of this complexity and ensuring that operations are consistent across all the different cloud platforms.

The AIOps solutions are becoming more and more capable of providing unified monitoring, management, and automation functions for multi-cloud and hybrid cloud environments, thus giving organizations a chance to have an overall view and control of their distributed IT infrastructure.

Self-Healing and Self-Optimizing Capabilities

Modern AIOps platforms integrate self-healing and self-optimizing components through AI and machine learning, which eventually automatically detect, diagnose, and resolve problems without human interference. Furthermore, these platforms can be programmed to keep monitoring how resources are used and then automatically reallocate productive resources and reduce the costs of operations.

Segmentation

Segment	Estimated Market Share in 2024
AIOps Platform	74.60%
Real-Time Analytics	41.30%

AIOps Platform Solutions Notes Increase in Adoption from Various Sectors

AIOps platform solutions have a market share of 74.60% in 2024. Growing necessity for intelligent, automated and proactive IT operations management across various industries has boosted the popularity of this category.

• Integrating AI/ML tools leads to earlier prognosis and problem solving. Consequently, there is increased efficiency and cost effectiveness in the process.
• The main value propositions that drive operational excellence-focused organizations are simplification of IT processes and maximizing digital asset efficiency. This is increasing demand for single management with real-time visibility across multiple layered global IT environments.
• Cloud-based AIOps platform solutions allow for scalability and ease of deployment, which could be very useful to firms undergoing digital transformation.

Real-time Analytics Likely to Be a Must-have for Businesses with a Share of 41.30%

The market share of 41.30% in 2024 is evidence enough to support the increasing popularity of real-time analytics applications. This owes to the need for instantaneous insights and informed operational decisions to drive improved performance and customer care service that has brought up this group.

• Top priority goes to early detection and solving the problems before they affect business operations; it is aimed at uninterrupted provision of service and reducing downtime.
• These are data-driven decision-making and dynamic resource allocation tools which result from real-time analysis as it permits companies react quickly when situations change.
• Organizations apply new methods like streaming data processing or complex event processing in order to extract useful insights out of real-time data stream.

Key Countries for AIOps Platform Vendors

The analysis demonstrates lucrative prospects for various players within the AIOps platform industry across certain countries. Forecast highlights that Australia and China pose attractive expansion opportunities for AIOps platform vendors in future while the United States, Germany, Japan are enjoying their mature markets with constant growth rates respectively.

Countries	CAGR till 2034
United States	22%
Australia	28.70%
China	25.70%
Japan	19.90%
Germany	20.60%

United States AIOps Platform Industry

The United States market is on a way to maintain a steady CAGR of 22% through 2034.

• IT business infrastructure in the United States is one of the priority areas hence software that allows for efficient management has a high demand.
• AI has been accepted by major companies in America therefore American firms are very receptive to AIOps platforms that are based on AI concept.
• Nowadays, as companies go digital in their operations, there is need for good IT management to facilitate digital transformation projects.
• AIOps platform can offer advanced IT monitoring and security capabilities required for data privacy regulations compliance.
  The USA has had many AIOps vendors, making it good for innovation and competitive market.

AIOps Platform Industry in Australia

The region’s market is likely to rise at a CAGR of 28.70% till 2034 on account of:

• Australian organizations are adopting new technologies at high rates causing an increase in complexity of their ICT environments making them look for AIOps-based solutions.
• Automation via AIOps platforms becomes even more attractive as there is also scarcity of skilled IT professionals.
• The government support for digital transformation programs is pushing up AIOps adoption in Australia.
• Australia is increasingly focusing on cybersecurity and AIOps platforms are becoming crucial because of their advanced IT monitoring capabilities.
• With the high popularity of AIOps systems, even sectors like healthcare, finance, or manufacturing in Australia have embraced them.

AIOps Platform Industry in China

China’s AIOps platform industry is inclined to record 25.70% CAGR by 2034 due to:

• A major reason for higher usage rate of AI powered products like AIOps by Chinese users derives from various incentives provided by Chinese authorities to technology development.
• It can be observed that the country’s economy has improved and its IT budget increased leading to necessity for management tools supporting IT.
• China's multi-layered IT infrastructure makes it a must to employ AIOps platforms as the best option to manage operations smoothly.
• Chinese companies are currently interested in more data-driven decision making processes which could be achieved through the utilization of AIOps platforms.
• The presence of local providers of AIOPS solutions has triggered competition and thus increased market growth.

Japan AIOps Platform Industry

The AIOps platform industry in Japan is set to maintain a CAGR of 19.90% through 2034.

• There is an increasing need for Japanese companies to modernize their legacy IT infrastructure and AIOps platforms are just what they need.
• AIOps platforms that promote efficiency are attractive to Japanese enterprises which have always been known for their dedication to operational excellence.
• Japan has started accepting AIOps systems as more enterprises realize the benefits of AI.
• Inadequacy of skilled IT professionals as experienced in Australia also makes automation through AIOps solutions feasible in Japan.
• Good grounds for acceptance and widespread utilization of AIOps platforms can be found among governmental programs aimed at enhancing AI adoption rate.

Germany AIOps Platform Industry

Germany’s market for AIOPs platforms to rise at a CAGR of 20.60% by 2034.

• Since Germany is a major industrial country, it emphasizes on operational efficiency thus making AOIPs useful.
• Industry 4.0 drive by Germany needs advanced IT operations management capabilities provided by the AOIPs platforms.
• Ideally, GDPR (General Data Protection Regulation) compliance requires strong IT security measures where AOIPs platform comes in handy.
• Germany is known for its huge and complicated IT structure, so AIOps systems become necessary for managing this effectively.
• AIOps platforms are being deployed even beyond the manufacturing industry and are being used in other sectors such as healthcare and finance.

Fierce Competition, Yet Enough Potential for Startups

AIOPs platform business is a very competitive field with both well-established and newer companies trying to capture a share of the market. The leaders of this market, such as IBM, Splunk, and BMC Software, rely on their long-standing and wide experience as well as their large customer base to maintain a strong position.

On the other hand, they experience a rise in competition from small players who concentrate on particular functionalities or provide services to certain industries. These particular niche players usually have the latest AI and machine learning algorithms that make them offer a distinctive value proposition to the market.

The market has also seen hyper scalers such as Microsoft and Amazon Web Services (AWS) start to dominate. Having already captured the cloud infrastructure market, these giants now develop AIOps as a package solution and turn out to be an unbeatable rival to the traditional vendors. On the other hand, established businesses are focusing on strategic partnerships, ongoing platform innovation and broadening their solution sets in order to cover various IT operations.

Recent Developments in the AIOps Platform Industry

• In Nov 2022, Aprecomm, a provider of network intelligence, revealed their AIOps solution for Edgecore ecCloud controllers, the Aprecomm Virtual Wireless Expert.
• In June 2022, HCL Technologies introduced DRYiCE IntelliOps, a solution that deals with the full-stack AIOps and workflow observability needs of an enterprise. Companies invest heavily in sophisticated digital efforts, such as modernizing IT infrastructure and trying to comply with the increasing demand for digital services that are always accessible.
• In October 2022, the IBM Cloud Pak for Watson AIOps Version 3.5 was announced. This solution is designed to assist the user in determining which IT stories to prioritize among all the stories, including business lines or services. So, IBM Cloud Pak for Watson AIOps v3.5 is aimed to fill the gap.
• In September 2022, the Fortinet Corporation, an internationally recognized company in cybersecurity, integrated AI support into its entire network portfolio, including SD-WAN, SD-Branch, and virtualized distributed routing.

Key Companies in the Market

• Moogsoft
• IBM
• Micro Focus
• Vmware
• HCL Technologies Limited
• BMC Software
• Broadcom
• ProphetStor Data Services, Inc.
• Splunk Inc.
• Dynatrace
• CA Technologies
• Big Panda Inc

Key Coverage in the AIOps Platform Industry Report

• Artificial Intelligence for IT Operations (AIOps) Platform Industry Trends
• Adoption of AIOps for Telecom Operations
• Rising Trend of AIOps for ITOps, DevOps, & SRE Teams
• Key Vendors in the AIOps Platform Industry
• Analysis of AIOps Platform for Autonomous IT Operations

Key Segments

By Solution:

• AIOps Platform
• Services
  • Implementation Services
  • License & Maintenance Services
  • Training & Education Services
  • Others

By Application:

• Real-Time Analytics
• Application Performance Management
• Infrastructure Management
• Others

By Vertical:

• BFSI
• Healthcare & Life Sciences
• Retail & Consumer Goods
• IT & Telecom
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

Frequently Asked Questions

What is the Market Potential for AIOps Platform?

The AIOps platform market is projected to expand at a CAGR of 25.20% between 2024 and 2034.

Which Application Segment Dominates the AIOps Platform Market?

The real-time analytics segment dominates the industry.

Who are Some Leading AIOps Platform Companies?

A few leading AIOps platform companies are Moogsoft, IBM, and Micro Focus.

What is the AIOps Platform Market Growth Outlook for 2034?

The AIOps platform market is anticipated to surpass USD 119,253 million by 2034.

What is Driving the Demand for AIOps Platform?

The increasing complexity of IT environments and the need for proactive problem resolution.