Artificial Intelligence For IT Operations Platform Market Scope
Artificial intelligence for IT operations (AIOps) refers to multi-layered technology platforms that automate and enhance IT operations through analytics and machine learning (ML). AIOps platforms leverage big data, collecting a variety of data from various IT operations tools and devices in order to automatically spot and react to issues in real-time while still providing traditional historical analytics.
This market is fragmented by market-leading players who are highly focusing on production technologies, improving production efficiency, and service life. With the growing number of opportunities in the market, these market potentials are captured by tracking the ongoing process improvement and by invest in market strategies Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Artificial Intelligence For IT Operations Platform market throughout the predicted period.
IBM (United States), Google (United States), ServiceNow (United States), AppDynamics (United States), BMC Software (United States), Broadcom (United States), HCL Technologies Limited (India), International Business Machines Corporation (United States), Micro Focus (United Kingdom), Moogsoft (United States) and ProphetStor Data Services (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Resolve Systems (United States), Splunk (United States) and VMware (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Artificial Intelligence For IT Operations Platform market by Type (Software and Service), by Application (IT Infrastructure, Application Performance Monitoring (APM), Real-time Analytics and Network Security) and Region with country level break-up.
On the basis of geography, the market of Artificial Intelligence For IT Operations Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In April 2020, Google LLC launched the Rapid Response Virtual Agent, an AI-supported chatbot for call centers. This chatbot is developed to respond to customers’ issues concerning the COVID-19 outbreak over chat, voice, and other social channels.
Market Trend
- Increasing Need for Risk Mitigation in IT Organizations
Market Drivers
- Rapid Adoption of Cloud-based Infrastructure in the IT Sector
- Surge in Demand for AI-based Applications
Opportunities
- Increasing Implementation of Big Data for Improving Consumer Satisfaction and Services
- Rise in Demand for Accuracy and Safety in Every Industry
Restraints
- Complex and Dynamic Nature of IT Operations
Challenges
- Lack of Robust and Flexible AI Systems
- Lack of Awareness about Developments in Artificial Intelligence Technology in IT operation
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Artificial Intelligence For IT Operations Platform Provider, Government Regulatory and Research Organizations and End-Use Industries