Report : Middle East and Africa 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)
BFSI Segment to Dominate MEA AIOps Platform Market During 2021–2028
According to a new market research study on “Middle East and Africa 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$ 757.47 million by 2028 from US$ 130.55 million in 2021. The market is estimated to grow at a CAGR of 28.6% from 2021 to 2028. The report provides trends prevailing in the MEA AIOps platform market along with the drivers and restraints pertaining to the market growth. Integration of AIOps platform with observability platforms and increasing data across the region are the major factor driving the growth of the MEA AIOps platform market. However, concerns regarding the adoption of modern solution over traditional methodology hinders the growth of MEA AIOps platform market.
The MEA AIOps platform market is segmented based on component, deployment, organization size, vertical, and country. Based on component, the MEA 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 MEA 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 MEA 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 MEA 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 MEA AIOps platform market is segmented into the UAE, Saudi Arabia, South Africa, and rest of MEA.
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 MEA 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 2019, The Central Nervous System for IT is being developed by Cisco and AppDynamics as an extensible, open platform that integrates with third-party systems to ingest data, correlate and analyse across domains, and automatically remediate problems and improve experiences. Tackling the complexity of multi-cloud environments, including distributed applications, infrastructure, and network, improves business results. Cisco and AppDynamics' first pillar of the strategy is to provide visibility across multiple technology domains, including applications, infrastructure, and networks.
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