Report : Europe 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)
Cloud Segment to Dominate Europe AIOps Platform Market During 2021–2028
According to a new market research study on “Europe 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$ 5,302.31 million by 2028 from US$ 800.22 million in 2021. The market is estimated to grow at a CAGR of 31.0% from 2021 to 2028. The report provides trends prevailing in the Europe AIOps platform market along with the drivers and restraints pertaining to the market growth. The need for resource optimization and IT data exceeding human scale are the major factor driving the growth of the Europe AIOps platform market. However, concerns regarding the adoption of modern solution over traditional methodology hinders the growth of Europe AIOps platform market.
The Europe AIOps platform market is segmented based on component, deployment, organization size, vertical, and country. Based on component, the Europe 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 Europe 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 Europe 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 Europe 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 Europe AIOps platform market is segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.
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 Europe 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 2022, New AIOps Solutions from IBM are available from 15, Mar 2022 besides, IBM is extending its AI-powered automation strategy to help enterprises simplify IT asset management across hybrid, multi-cloud environments, as part of a collaboration with Flexera called Designed to Automate Software License Compliance. IBM and Flexera have developed Turbonomic ARM and Flexera One integration to help customers visualise their IT estate from on-premises to SaaS to cloud.
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