AIOps solutions have only recently begun to integrate with observability platforms. This allows IT departments to grasp on company's data and systems. It enables companies to collect actionable data and improve diagnosis. Observability platforms can also draw diverse data and connect the dots between them by looking at metrics, dependencies, and logs. Customer experience, workforce productivity, and overall digital infrastructure are the three components of the protocol. This methodology gives a better understanding of how the company is performing. Also, IT teams may shorten the time to predict and fix problems by introducing AIOps into observability platforms before affecting organizations. In the future, companies will automatically analyze data streams and turn them into actionable insights in real-time. So, integration of the AIOps platform with observability platforms is expected to fuel the 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 South America AIOps platform market. The South America AIOps platform market is expected to grow at a good CAGR during the forecast period.
South America AIOps Platform Market Segmentation
The South America AIOps platform market is segmented based on component, deployment, organization size, vertical, and country. Based on component, the South 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 South America AIOps platform market is segmented into on-premises and cloud. The on-premises segment dominated the market in 2020, and the cloud segment is expected to grow at a faster rate during the forecast period. Based on organization size, the market is segmented into SMEs and large enterprises. The large enterprises segment dominated the market in 2020, and the SMEs segment is anticipated to grow faster during the forecast period. Based on vertical, the South 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 segment during the forecast period. Based on country, the South America AIOps platform market is segmented into Brazil, Argentina, and the Rest of South America.
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 South America AIOps platform market.