Research Nester’s recent market research analysis on “AIOps Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global AIOps market in terms of market segmentation by component, deployment, application, vertical, and by region.
Growing Concern for IT Security to Promote Global Market Share of AIOps
Enhancing AIOps platforms is essential for improving IT security & risk management. These systems can identify and respond to security vulnerabilities in real-time thanks to AI algorithms, enabling quicker incident response and remediation. According to predictions, AI will contribute USD 15.7 trillion to the global economy by 2030, which is more than China and India currently create together.
Additionally, they provide cutting-edge anomaly detection methods that help find potential security holes and vulnerabilities. Also, the rising population working from home is a crucial factor that is anticipated to eventually drive regional market development due to the severe consequences of the coronavirus pandemic. The implementation of the work-from-home paradigm increases productivity by 47%. Employee preference for working from home is 82%.
Some of the major growth factors and challenges that are associated with the growth of the global AIOps market are:
Growth Drivers:
· Root Cause Analysis that is More Rapid and Precise
· Increasing Business Usage of AIOps Solutions
Challenges:
AIOps employ algorithms to spot and investigate data trends. Although these algorithms have the potential to be helpful in some situations, they also carry the danger of generating false positives or false negatives. A pattern could be identified by an algorithm even if it isn't actually there in the data. Reliance on algorithms and machine learning, rapid changes in it sector, and lack of skilled workforce are some of the major factors anticipated to hamper the global market size of AIOps.
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By application, the global AIOps market is segmented into real-time analytics, infrastructure management, and application performance management. The real-time analytics sector is anticipated to have the largest market share in the application segment due to the AIOps platforms' ability to analyze massive amounts of data from various sources while also applying a variety of algorithms to the data in real time to give real-time pattern diagnosis. With the help of this platform, one may quickly analyze and diagnose problems and gain useful insights. The average amount of time to find and fix is decreased. By displaying patterns, real-time analytics assist enterprises in correlating performance issues and infrastructure changes to incident tickets.
By region, the Europe AIOps market is to generate the highest revenue by the end of 2035. Throughout the projection period, the Europe area is anticipated to be a desirable market. Germany will make up approximately 9.5% of the worldwide market in 2021, according to our estimate. The managed service providers in Germany are concentrating on providing complete services to organizations that are experiencing large-scale digital transformation and embracing contemporary technological solutions, which is one of the primary reasons for the growth in demand for the AIOps platform in Germany.
This report also provides the existing competitive scenario of some of the key players of the global AIOps market which includes company profiling of are CA Technologies (Broadcom Inc.), Micro focus International plc, BMC Software, INC., Dell Inc., Splunk Inc, HCL Technologies Limited, AppDynamics, Moogsoft Inc., and others.
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