In dynamic, elastic contexts, traditional ways of controlling IT complexity—offline, manual activities requiring human intervention—do not even operate. It is no longer possible to track and manage this complexity by manual, human monitoring. For years, ITOps has exceeded human scale, and the situation is only getting worse. Organizations want their critical applications to be available and operate well. They are also seeking a highly automated setup, that makes it easier to make clear decisions about new product development by leveraging classified data. Hence, the introduction of the AIOps platform has catered to these demands. AIOps platforms consolidate all applications and infrastructure operations into a single management portal with a dashboard view. Studies claim that AIOps can automatically perform 90% of the operative tasks, and human interaction is required only for 10% of tasks. Hence, the growing digital data, coupled with premium support offered by the AIOps platform, is driving the AIOps platform market. AIOps are beneficial for any company wishing to modernize to a digital platform that incorporates cutting-edge automation, analytics, artificial intelligence, and machine learning technologies. AIOps systems decrease the flood of warnings and can perform everyday tasks such as backups, server restarts, and low-risk maintenance. AIOps are expected to become widely used and mainstream soon, which will drive the market in the coming years.
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 North America AIOps platform market. The North America AIOps platform market is expected to grow at a good CAGR during the forecast period.
North America AIOps Platform Market Segmentation
The North America AIOps platform market is segmented based on component, deployment, organization size, vertical, and country. Based on component, the North America 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 North America 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 faster during the forecast period. Based on organization size, the North America 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 faster during the forecast period. Based on vertical, the North America 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 during the forecast period. Based on country, the North America AIOps platform market is segmented into the US, Canada, and Mexico.
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 North America AIOps platform market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,238.17 Million |
| Market Size by 2028 | US$ 8,810.61 Million |
| CAGR (2021 - 2028) | 32.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America AIOps Platform Market is valued at US$ 1,238.17 Million in 2021, it is projected to reach US$ 8,810.61 Million by 2028.
As per our report North America AIOps Platform Market, the market size is valued at US$ 1,238.17 Million in 2021, projecting it to reach US$ 8,810.61 Million by 2028. This translates to a CAGR of approximately 32.4% during the forecast period.
The North America AIOps Platform Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America AIOps Platform Market report:
The North America AIOps Platform Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America AIOps Platform Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America AIOps Platform Market value chain can benefit from the information contained in a comprehensive market report.
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