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)

The APAC AIOps platform market is expected to grow from US$ 596.44 million in 2021 to US$ 4,664.44 million by 2028; it is estimated to grow at a CAGR of 34.2% from 2021 to 2028.   

According to the annual DataSphere and StorageSphere study published by the International Data Corporation (IDC) in 2021, the quantity of data created, recorded, duplicated, and consumed increased from 1.2 trillion gigabytes to 59 trillion gigabytes between 2010 and 2020 and is projected to grow to more than 180 zettabytes by 2025. This growth is attributed to the enormous increase in people working, studying, and researching. However, based on the IDC report, only 2% of the data was saved and kept until 2021; the remainder was either produced or copied solely for utilization or cached and overwritten with newer data. As a result, businesses are increasingly turning to automation to manage these massive amounts of data. Digitalization is critical for every firm to resume business operations and profit from changing conditions. Having more data helps the company confirm its product and opens new revenue streams in its overburdened product portfolios. As a result, AI is projected to play a significant role in categorizing data and offering profitable insights, fueling the AIOps platform market growth across the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC AIOps platform market. The APAC AIOps platform market is expected to grow at a good CAGR during the forecast period. 

APAC AIOps Platform Market Revenue and Forecast to 2028 (US$ Million)

APAC AIOps Platform Market Segmentation                    

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 the same segment is expected to grow at a faster rate during the 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 the same segment is anticipated to grow at a faster rate during the 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 the SMEs segment is expected to grow at a faster rate during the 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 the others segment is expected to be the fastest-growing segment during the forecast period. Based on country, the APAC AIOps platform market is segmented into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific.   

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. 

1. AppDynamics
2. BMC Software, Inc.
3. Broadcom Inc.  
4. Dynatrace LLC
5. HCL Technologies
6. IBM Corporation    
7. Micro Focus
8. Moogsoft Inc.
9. Resolve Systems, LLC    
10. Splunk, Inc.

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