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AIOps Market Share

Report ID: GMI5153
Published Date: Mar 2023
Report Format: PDF

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AIOps Market Share

Major players in the Artificial Intelligence in IT operations market are focused on launching innovative products that cater to the needs of various end users while also addressing important security concerns. Key participants in the industry are :

IBM Corporation
Cisco Systems Inc.
Splunk
Dynatrace Inc.
Elastic
Broadcom SA.

These companies are pursuing various strategic initiatives including partnerships, collaborations, mergers & acquisitions as well as the development of new products or technologies.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of AIOps exceeded USD 3 billion in 2022 and is poised to grow at more than 27% CAGR from 2023 to 2032 driven by the rising demand for AI-based services for IT operations.

The solution component is expected to register more than 26.5% growth rate during 2023 to 2032 owing to the growing inclination of retailers towards AI solutions for customer management.

The Europe market held a sizable share and is projected to witness steady growth at over 26% CAGR between 2023 and 2032 on account of the growing ICT sector across the European Union.

Some of the key participants in the business scenario are IBM Corporation, Cisco Systems Inc, Splunk, Dynatrace Inc. Elastic, Broadcom SA, Extrahop Networks Inc., Harness Inc., and Logz.io Inc., among others.