What Are The 5 Takeaways From The Artificial Intelligence For IT Operations Platform Market Overview 2024
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The market size for artificial intelligence in IT operations platforms has seen a substantial increase, rising from $12.02 billion in 2023 to $14.81 billion in 2024, showing a CAGR of 23.2%. This growth can be attributed to factors like the growing complexity of IT infrastructure, increasing data volumes, demand for real-time insights, and cost efficiency needs. Forecasts indicate continued exponential growth, with the market expected to reach $33.17 billion in 2028, demonstrating a CAGR of 22.3%. Factors driving this expansion include the adoption of machine learning algorithms, integration with DevOps practices, emphasis on predictive analytics, the rise of autonomous IT operations, and the expansion of edge computing. Significant trends in the forecast period encompass hybrid and multi-cloud management, AIOps focus for cybersecurity, integration of AI with IT service management (ITSM), event correlation and root cause analysis, and the emergence of explainable AI for transparency and compliance.
The rapid expansion of the artificial intelligence for IT operations platform market is driven by the swift adoption of cloud-based infrastructure within the IT sector. Cloud-based infrastructure, which encompasses computing resources managed via the internet, offers scalable infrastructure, seamless data storage, and real-time analytics, as noted by the European Commission’s findings. The surge in cloud-based solutions adoption, particularly in large enterprises, is a key factor propelling the growth of AIOps platforms.
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What Are The Key Trends That Influence Artificial Intelligence For IT Operations Platform Market Share Analysis?
Major companies in the artificial intelligence for IT operations platform market are enhancing their focus on introducing AI platforms like EY.AI to gain a competitive advantage. AI platforms are integrated software solutions that use advanced processing, data analytics, and machine learning to develop, deploy, and manage AI applications. For instance, in September 2023, Ernst & Young, a UK-based law company, launched EY.ai, an AI platform designed to transform IT operations by combining human capabilities with AI. This platform uses cutting-edge EY technology and AI capabilities, coupled with a strong AI ecosystem, to augment their extensive experience in strategy, transactions, transformation, risk, assurance, and tax.
Which Market Players Are Driving Growth In The Artificial Intelligence For IT Operations Platform Market?
Major companies operating in the artificial intelligence for it operations platform market report are Amazon.com Inc., Apple Inc., Google (Alphabet Inc.), Microsoft Corporation, IBM Corporation, Broadcom Inc., VMware Inc., HCL Technologies Limited, ServiceNow Inc., Splunk Inc., BMC Software Inc., Micro Focus International plc, SS&C Blue Prism, Dynatrace Inc., Sumo Logic Inc., C3.ai Inc., DataRobot Inc., AppDynamics, Lily AI, Resolve Systems LLC, Big Panda Inc, FixStream Network Inc., ProphetStor Data Services Inc., OpenAI LP, Clarifai Inc., Sherpa.ai, Moogsoft Inc., H2O.ai, Nauto Inc
How Is The Global Artificial Intelligence For IT Operations Platform Market Segmented?
The artificial intelligence for it operations platform market covered in this report is segmented –
1) By Type: Software, Service
2) By Technology: Natural Language Processing (NLP), Computer Vision, Machine Learning (ML), Context-Aware Computing
3) By Deployment Model: Cloud, On-Premises
4) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
5) By Application: IT Infrastructure, Application Performance Monitoring (APM), Real-Time Analytics, Network Security
Read The Full Artificial Intelligence For IT Operations Platform Market Report Here
The Artificial Intelligence For IT Operations Platform Global Market Report 2024 provides an overview of the artificial intelligence for it operations platformmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The artificial intelligence for it operations platform market forecast analyzes artificial intelligence for it operations platform market size, artificial intelligence for it operations platform market share, leading competitor and their market positions.
The Table Of Content For The Artificial Intelligence For IT Operations Platform Market Include
1. Artificial Intelligence For IT Operations Platform Market Executive Summary
2. Artificial Intelligence For IT Operations Platform Market Segments
3. Artificial Intelligence For IT Operations Platform Market Size And Template Market Growth Rate
4. Key Artificial Intelligence For IT Operations Platform Market Trends
5. Major Artificial Intelligence For IT Operations Platform Market Drivers
……
25. Key Mergers And Acquisitions In The Artificial Intelligence For IT Operations Platform Market
26. Top Artificial Intelligence For IT Operations Platform Companies
27. Artificial Intelligence For IT Operations Platform Market Opportunities And Strategies
28. Artificial Intelligence For IT Operations Platform Market, Conclusions And Recommendations
29. Appendix
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