Report : Asia Pacific AIOps Platform Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Platforms and Services), Deployment (On-Premises and Cloud), Organization Size (SMEs and Large Enterprises), and Vertical (BFSI, Telecom and IT, Manufacturing, Government, and Others)
Large Enterprises Segment to Dominate APAC AIOps Platform Market During 2021–2028
According to a new market research study on “APAC AIOps Platform Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Deployment, Organization Size, and Vertical” is expected to reach US$ 4,664.44 million by 2028 from US$ 596.44 million in 2021. The market is estimated to grow at a CAGR of 34.2% from 2021 to 2028. The report provides trends prevailing in the APAC AIOps platform market along with the drivers and restraints pertaining to the market growth. Increasing data across the region and integration of AIOps platform with observability platforms are the major factor driving the growth of the APAC AIOps platform market. However, concerns regarding the adoption of modern solution over traditional methodology hinders the growth of APAC AIOps platform market.
The APAC AIOps platform market is segmented based on component, deployment, organization size, vertical, and country. Based on component, the APAC AIOps platform market is segmented into platform and services. The platform segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on deployment, the APAC AIOps platform market is segmented into on-premises and cloud. The cloud segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on organization size, the APAC AIOps platform market is segmented into SMEs and large enterprises. The large enterprises segment dominated the market in 2020 and SMEs segment is expected to be fastest growing during forecast period. Based on vertical, the APAC AIOps platform market is segmented into BFSI, IT and telecom, manufacturing, government, and others. The BFSI segment dominated the market in 2020 and others segment is expected to be fastest growing during forecast period. Based on country, the APAC AIOps platform market is segmented into China, India, Japan, South Korea, Australia, and rest of APAC.
AppDynamics; BMC Software, Inc.; Broadcom Inc.; Dynatrace LLC; HCL Technologies; IBM Corporation; Micro Focus; Moogsoft Inc.; Resolve Systems, LLC; and Splunk, Inc. are among the leading companies in the APAC AIOps platform market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Broadcom has launched the latest generation of AIOps, an open platform with artificial intelligence, machine learning, and end-to-end observability that aids organizations in achieving operational excellence. Broadcom's AIOps now includes new AI/ML techniques as well as customizable views for more actionable data. Full-Stack Observability, DX Dashboards, Service and Alarm Analytics, Intelligent Automation, Capacity Analytics, and Continuous Feedback Loops are just a few of the new features.
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