The global market for AIOps is estimated to grow from $3.0 billion in 2021 to reach $9.4 billion by 2026, at a compound annual growth rate (CAGR) of 26.1% during the forecast period of 2021-2026.
Report Scope
The market has been segmented based on organization size, deployment, end-user industry and geography. The report provides an overview of the global AIOps market, analyzes market trends and provides a qualitative analysis of the application landscape.
With 2020 as the base year, the report provides estimated market data for the forecast period of 2021 through 2026. Revenue forecasts for this period are segmented based on organization size, deployment, end-user industry and geography. Market values have been estimated based on the total segmental revenue of the AI solutions, including platform and services, aimed at addressing IT operations.
The report covers the market for AIOps with regards to applications in various end-user industries across different regions. It also focuses on the major trends and challenges that affect the market and the vendor landscape. Application of AI and ML in areas such as experience management operations and delivery automation are not considered as part of the scope of the study.
The Report Includes
- 35 data tables and 33 additional tables
- An overview of the global market for AIOps or artificial intelligence for IT operations
- Analyses of the global market trends, with data from 2020, estimates for 2021-2022, and projections of compound annual growth rates (CAGRs) through 2026
- Estimation of the current market size and revenue forecast for the global AIOps market, and corresponding market share analysis by organization size, deployment type, end-user industry and geographical region
- Highlights of the emerging technology trends, upcoming market opportunities and areas of focus to forecasting the market and its various segments estimating current and future demand for AIOps
- Insight into the product offering and future of AIOps - the nucleus of digital operations - and their applications in monitoring and managing the modern IT environments
- Assessment of COVID-19 impact on the market for AIOps within the advanced analytics industry
- Identification of the companies that are best positioned to meet this demand because of their proprietary technologies, strategic alliances, or other advantages
- Discussion of the key strategies adopted by players such as collaborations and partnerships, product innovations, and acquisitions, expansions and investments
- Evaluation of the company competitive landscape of major market participants based on their recent developments and total segmental revenues of the AI solutions
- Descriptive company profiles of the leading industry players, including BigPanda Inc., BMC Software Inc., Broadcom Inc., Cisco Systems Inc., Logz.io, Moogsoft Inc., and Splunk Inc.
Table of Contents
Chapter 1 Introduction
- Overview
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Methodology and Information Sources
- Geographic Breakdown
- Analyst's Credentials
- Custom Research
- Related Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
- Introduction
- AIOps Product Offerings
- Future of AIOps
- Trends in the AI Market
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact of COVID-19 on the Global AIOps Market
Chapter 4 Application Landscape
- Overview
- Root Cause Analysis
- Network Availability and Optimization
- Problem Assignment
- Anomaly Detection and Cybersecurity
- Storage Management
Chapter 5 Market Breakdown by Organization Size
- Overview
- Small and Medium Enterprises
- Large Enterprises
Chapter 6 Market Breakdown by Deployment Type
- Overview
- On-premise
- Cloud
Chapter 7 Market Breakdown by End-User Industry
- Overview
- Media and Entertainment
- Banking, Financial Services and Insurance
- Retail
- IT and Telecom
- Healthcare
- Others
Chapter 8 Market Breakdown by Region
- Overview
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 9 Competitive Landscape
- Introduction
- Strategic Analysis
- Product Innovations
- Collaborations and Partnerships
- Acquisitions and Expansions
- Investment Analysis
Chapter 10 Company Profiles
- Appdynamics Llc (Cisco Systems Inc.)
- Bigpanda Inc.
- BMC Software Inc.
- Broadcom Inc.
- Dynatrace Llc
- Elastic N.V.
- Extrahop Networks Inc.
- IBM Corp.
- Logz.Io (Logshero Ltd.)
- Loom Systems Ltd. (Service Now Inc.)
- Moogsoft Inc.
- New Relic Inc.
- Resolve Systems Llc
- Splunk Inc.
- Stackstate B.V.
Chapter 11 Appendix: Acronyms
List of Tables
Summary Table: Global Market for AIOps, by End-User Industry, Through 2026
Table 1: Global Market for AIOps, by Organization Size, Through 2026
Table 2: Global Market for AIOps in Small and Medium Enterprises, by Region, Through 2026
Table 3: Global Market for AIOps in Large Enterprises, by Region, Through 2026
Table 4: Global Market for AIOps, by Deployment Type, Through 2026
Table 5: Global Market for On-premise Deployment of AIOps, by Region, Through 2026
Table 6: Global Market for Cloud-Based Deployment of AIOps, by Region, Through 2026
Table 7: Global Market for AIOps, by End-User Industry, Through 2026
Table 8: Global Market for AIOps in Media and Entertainment, by Region, Through 2026
Table 9: Global Market for AIOps in BFSI Industry, by Region, Through 2026
Table 10: Global Market for AIOps in Retail Industry, by Region, Through 2026
Table 11: Global Market for AIOps in IT and Telecom Industries, by Region, Through 2026
Table 12: Global Market for AIOps in the Healthcare Industry, by Region, Through 2026
Table 13: Global Market for AIOps in Other Industries, by Region, Through 2026
Table 14: Global Market for AIOps, by Region, Through 2026
Table 15: North American Market for AIOps, by Size of Organization, Through 2026
Table 16: North American Market for AIOps, by Deployment Type, Through 2026
Table 17: North American Market for AIOps, by End-User Industry, Through 2026
Table 18: European Market for AIOps, by Size of Organization, Through 2026
Table 19: European Market for AIOps, by Deployment Type, Through 2026
Table 20: European Market for AIOps, by End-User Industry, Through 2026
Table 21: Asia-Pacific Market for AIOps, by Size of Organization, Through 2026
Table 22: Asia-Pacific Market for AIOps, by Deployment Type, Through 2026
Table 23: Asia-Pacific Market for AIOps, by End-User Industry, Through 2026
Table 24: Rest of the World Market for AIOps, by Size of Organization, Through 2026
Table 25: Rest of the World Market for AIOps, by Deployment Type, Through 2026
Table 26: Rest of the World Market for AIOps, by End-User Industry, Through 2026
Table 27: Product Innovations in the Global AIOps Market, February 2020-April 2021
Table 28: Collaborations and Partnerships in the Global AIOps Market, March 2020-April 2021
Table 29: Acquisitions, Expansions and Investments in Global AIOps Market, November 2020-February 2021
Table 30: Cisco Systems Inc.: Recent Financial Performance, 2018-2020
Table 31: Cisco Systems Inc.: AIOps Offerings
Table 32: Cisco Systems Inc.: Recent Developments, 2020
Table 33: BigPanda Inc.: AIOps Offerings
Table 34: BigPanda Inc.: Recent Developments, 2020
Table 35: BMC Software Inc.: AIOps Offerings
Table 36: BMC Software Inc.: Recent Developments, 2020-2021
Table 37: Broadcom Inc.: Recent Financial Performance, 2018-2020
Table 38: Broadcom Inc.: AIOps Offerings
Table 39: Broadcom Inc.: Recent Developments, 2020
Table 40: Dynatrace LLC: Recent Financial Performance, 2019-2021
Table 41: Dynatrace LLC: AIOps Offerings
Table 42: Dynatrace LLC: Recent Developments, 2020
Table 43: Elastic N.V.: Recent Financial Performance, 2018-2020
Table 44: Elastic N.V.: AIOps Offerings
Table 45: ExtraHop Networks Inc.: AIOps Offerings
Table 46: ExtraHop Networks Inc.: Recent Developments, 2020
Table 47: IBM Corp.: Recent Financial Performance, 2018-2020
Table 48: IBM Corp.: AIOps Offerings
Table 49: IBM Corp.: Recent Developments, 2020
Table 50: Logz.io: AIOps Offerings
Table 51: Logz.io: Recent Developments, 2020
Table 52: Service Now Inc.: Recent Financial Performance, 2018-2020
Table 53: Loom Systems Ltd.: AIOps Offerings
Table 54: Service Now Inc.: Recent Developments, 2020
Table 55: Moogsoft Inc.: AIOps Offerings
Table 56: Moogsoft Inc.: Recent Developments, 2020-2021
Table 57: New Relic Inc.: Recent Financial Performance, 2019-2021
Table 58: New Relic Inc.: AIOps Offerings
Table 59: New Relic Inc.: Recent Developments, 2020-2021
Table 60: Resolve Systems LLC: AIOps Offerings
Table 61: Resolve Systems LLC: Recent Developments, 2020
Table 62: Splunk Inc.: Recent Financial Performance, 2019-2021
Table 63: Splunk Inc.: AIOps Offerings
Table 64: Splunk Inc.: Recent Developments, 2020-2021
Table 65: StackState B.V.: AIOps Offerings
Table 66: StackState B.V.: Recent Developments, 2020-2021
Table 67: Acronyms Used in This Report
List of Figures
Summary Figure: Global Market Trends in AIOps, 2020-2026
Figure 1: Global Market Shares of AIOps, by Organization Size, 2020
Figure 2: Global Market Shares of AIOps in Small and Medium Enterprises, by Region, 2020
Figure 3: Global Market Shares of AIOps in Large Enterprises, by Region, 2020
Figure 4: Global Market Shares of AIOps, by Deployment Type, 2020
Figure 5: Global Market Shares of On-premise Deployment of AIOps, by Region, 2020
Figure 6: Global Market Shares of Cloud-Based Deployment of AIOps, by Region, 2020
Figure 7: Global Market Shares of AIOps, by End-User Industry, 2020
Figure 8: Global Market Shares of AIOps in Media and Entertainment, by Region, 2020
Figure 9: Global Market Shares of AIOps in BFSI Industry, by Region, 2020
Figure 10: Global Market Shares of AIOps in Retail Industry, by Region, 2020
Figure 11: Global Market Shares of AIOps in IT and Telecom Industries, by Region, 2020
Figure 12: Global Market Shares of AIOps in the Healthcare Industry, by Region, 2020
Figure 13: Global Market Shares of AIOps in Other Industries, by Region, 2020
Figure 14: Global Market Shares of AIOps, by Region, 2020
Figure 15: North American Market Shares of AIOps, by Size of Organization, 2020
Figure 16: North American Market Shares of AIOps, by Deployment Type, 2020
Figure 17: North American Market Shares of AIOps, by End-User Industry, 2020
Figure 18: European Market Shares of AIOps, by Size of Organization, 2020
Figure 19: European Market Shares of AIOps, by Deployment Type, 2020
Figure 20: European Market Shares of AIOps, by End-User Industry, 2020
Figure 21: Asia-Pacific Market Shares of AIOps, by Size of Organization, 2020
Figure 22: Asia-Pacific Market Shares of AIOps, by Deployment Type, 2020
Figure 23: Asia-Pacific Market Shares of AIOps, by End-User Industry, 2020
Figure 24: Rest of the World Market Shares of AIOps, by Size of Organization, 2020
Figure 25: Rest of the World Market Shares of AIOps, by Deployment Type, 2020
Figure 26: Rest of the World Market Shares of AIOps, by End-User Industry, 2020
Figure 27: Cisco Systems Inc.: Revenue Share, by Segment, 2020
Figure 28: Cisco Systems Inc.: Revenue Share, by Region, 2020
Figure 29: Broadcom Inc.: Revenue Share, by Segment, 2020
Figure 30: Broadcom Inc.: Revenue Share, by Region, 2020
Figure 31: Dynatrace LLC: Revenue Share, by Segment, 2021
Figure 32: Dynatrace LLC: Revenue Share, by Region, 2021
Figure 33: Elastic N.V.: Revenue Share, by Segment, 2020
Figure 34: Elastic N.V.: Revenue Share, by Region, 2020
Figure 35: IBM Corp.: Revenue Share, by Segment, 2020
Figure 36: IBM Corp.: Revenue Share, by Region, 2020
Figure 37: Service Now Inc.: Revenue Share, by Segment, 2020
Figure 38: Service Now Inc.: Revenue Share, by Region, 2020
Figure 39: New Relic Inc.: Revenue Share, by Geography, 2021
Figure 40: Splunk Inc.: Revenue Share, by Segment, 2021
Figure 41: Splunk Inc.: Revenue Share, by Geography, 2021
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Executive Summary
The growing complexity of IT infrastructure and software is significantly challenging IT teams and businesses, and AIOps is helping enterprises ease these complexities. The growing propensity towards adopting AI and ML solutions as part of the operations and monitoring tools is on the rise.
According to a study conducted by BigPanda on 1,300 IT professionals (October 2020), only 20% of the respondents use AI and ML as part of their IT operations; however, about 60% mentioned that they plan to add AI and ML in the next two years, highlighting the significant opportunities for market growth.
There is an emerging trend of integrating two or more applications running on both private and public systems—that is, hybrid cloud hosting services. As the hybrid cloud model also enables a business to leverage the best of public and private cloud features, it offers a more consistent, secure and faster experience for data processing. These trends are expected to aid in the future growth of the market studied in this report.
Moreover, with the growing adoption of technologies across enterprises, cyberthreats and crimes such as phishing, web-based attacks and general malware are also increasing, which have led organizations to look for solutions that enable them to overcome such activities. Furthermore, cybersecurity compliance requirements mandated by state and local governments and regulatory bodies also drive the need for AIOps to be security focused.
The outbreak of the COVID-19 pandemic has led to a significant change in consumer behavior and demand, purchasing patterns, dynamics of current market forces, and the significant interventions of governments, all of which has impacted the AIOps market.
Companies Mentioned
- Appdynamics Llc (Cisco Systems Inc.)
- Bigpanda Inc.
- BMC Software Inc.
- Broadcom Inc.
- Dynatrace Llc
- Elastic N.V.
- Extrahop Networks Inc.
- IBM Corp.
- Logz.Io (Logshero Ltd.)
- Loom Systems Ltd. (Service Now Inc.)
- Moogsoft Inc.
- New Relic Inc.
- Resolve Systems Llc
- Splunk Inc.
- Stackstate B.V.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 109 |
| Published | July 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 3 Billion |
| Forecasted Market Value ( USD | $ 9.4 Billion |
| Compound Annual Growth Rate | 26.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
