The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Artificial Intelligence For Information Technology Operations (AIOps) For Telecom Operations Global Market Report 2024, the artificial intelligence for information technology operations (AIOps) for telecom operations market is expected to show significant growth in the forecast period.

The artificial intelligence for information technology operations (AIOps) for telecom operations market has been experiencing explosive growth. From a market size of $0.59 billion in 2023, it is projected to reach $0.86 billion in 2024, boasting a compound annual growth rate (CAGR) of 45.8%. This momentum is set to continue, with the market expected to soar to $3.94 billion by 2028 at a CAGR of 46.3%. This blog delves into the key drivers and trends fueling this unprecedented growth.

Increasing Network Availability Drives Market Growth

• Demand for Uninterrupted Connectivity: With digital services becoming integral to daily life, the demand for reliable network availability has surged. Businesses and consumers alike require seamless connectivity to support critical operations and services.
• Role of AIOps: AIOps solutions are pivotal in ensuring network reliability. They analyze vast data volumes from network devices, logs, and metrics in real-time to detect abnormalities, anticipate issues, and prevent potential problems.
• 5G Adoption: The rapid deployment of 5G technology has further increased network availability demands. For instance, 5G adoption in the US surged from 43% in 2021 to 61% in 2022, highlighting the growing reliance on advanced network capabilities.

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Operational Efficiency and Cost Reduction

• Automation: AIOps automates network and service operations, significantly reducing the need for manual intervention and thus lowering operational expenses.
• Optimization: These solutions enable network planning optimization and closed-loop operations, enhancing the efficiency of telecom networks.
• Enhanced Monitoring: Improved monitoring and compliance enhance security, further reducing costs associated with security breaches and compliance failures.

Major Trends in the AIOps Market

• Integration of AI and ML: The integration of machine learning and artificial intelligence continues to evolve, providing more sophisticated tools for managing and optimizing telecom operations.
• Image Recognition Systems: Development of advanced image recognition systems is underway, offering new avenues for monitoring and managing telecom infrastructure.
• Edge Computing: The integration of edge computing is becoming more prevalent, enabling faster data processing and reduced latency, which is crucial for real-time applications and 5G networks.

Innovative Solutions by Major Companies

• AI Anywhere by Rackspace Technology: Launched in January 2024, this private cloud platform integrates AI and ML to enhance telecom operations. It offers a full-stack solution with pre-built tools and frameworks, ensuring precise deployment and support for generative AI.
• AI for Operational Efficiency: Leveraging big data analytics and automation, AI Anywhere helps telecom service providers optimize operations, predict outages, and enhance system performance and customer-facing services.

Strategic Acquisitions

• Cisco Systems Acquires Splunk Inc.: In September 2023, Cisco Systems acquired Splunk Inc. for $28 billion. This acquisition aims to combine Cisco’s and Splunk’s strengths to enhance security and resilience in an AI-driven world. Splunk’s AIOps solutions leverage big data, analytics, and machine learning to automate and improve IT operations.

Market Segmentation

• By Offering: The market is segmented into platforms and services, catering to diverse needs within the telecom sector.
• By Deployment Model: AIOps solutions are deployed either on-premise or via the cloud, offering flexibility to telecom companies based on their infrastructure and strategy.
• By Application: Applications include infrastructure management, application performance analysis, real-time analytics, network and security management, among others.

Regional Insights

• North America Leading the Market: In 2023, North America was the largest region in the AIOps for telecom operations market. The region’s advanced technological infrastructure and high adoption rates of innovative solutions contribute to its leadership position.

The AIOps for telecom operations market is on a remarkable growth trajectory, driven by the need for increased network availability, operational efficiency, and cost reduction. With ongoing advancements in AI and ML, coupled with strategic acquisitions and innovative solutions, the future of AIOps in telecom operations looks exceptionally promising.

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The Artificial Intelligence For Information Technology Operations (AIOps) For Telecom Operations Global Market Report 2024  provides an in-depth analysis on the artificial intelligence for information technology operations (AIOps) for telecom operations market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the artificial intelligence for information technology operations (AIOps) for telecom operations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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