Product Code: PM5062
The global algorithmic IT operations (AIOps) market size is expected to reach USD 66.76 billion by 2032, according to a new study by Polaris Market Research. The report "Global Algorithmic IT Operations (AIOps) Market Share, Size, Trends, Industry Analysis Report: By Offering (Platforms and Services), By Type, By Application, and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The algorithmic IT operations (AIOps) market is experiencing robust growth owing to the increasing complexity of IT environments and the rising need for efficient management and automation. Other key factors such as the rising volume of data generated by IT systems and the growing demand for real-time analytics to enhance operational efficiency and reduce downtime fuel the market growth.
Integrating AIOps with emerging technologies such as AI and machine learning (ML) to enable proactive issue resolution and optimize performance would offer vast opportunities for the market players during the forecast period. Shift toward cloud-native architectures and the growing focus on digital transformation are expected to become major future trends in the market in the coming years. Overall, the AIOps market is poised for significant growth as organizations seek to leverage advanced analytics and automation to streamline operations and drive business success.
Another driver for the AIOps market is the increasing adoption of hybrid and multi-cloud environments. As organizations leverage multiple cloud platforms and on-premises systems, the complexity of managing these diverse IT ecosystems escalates. AIOps provides a unified approach to monitoring and managing hybrid and multi-cloud infrastructures, offering real-time visibility and automated management across various platforms. This capability is crucial for ensuring seamless integration, optimizing resource utilization, and maintaining consistent performance across different environments. The demand for efficient management of these complex, multi-cloud setups drives the adoption of AIOps solutions, further accelerating market growth.
AIOps Market Report Highlights
In terms of offering, the platform segment is leading the AIOps market owing to its ability to provide comprehensive solutions for real-time data analysis and automation, which is crucial for managing complex IT environments effectively.
The cloud-based segment, based on type, is experiencing a faster growth rate due to the increasing adoption of cloud technologies and the surging need for scalable and flexible IT operations solutions that cloud platforms offer.
Based on application, the large enterprises are the dominant segment, as they have complex IT infrastructures requiring sophisticated AIOps solutions for efficient management and automation.
North America dominates the AIOps market due to its early adoption of advanced IT solutions and substantial investments in technology. However, Asia Pacific is emerging as the highest-growing region, driven by rapid digital transformation and increasing investments in IT infrastructure across the region.
Polaris Market Research has segmented the algorithmic IT operations (AIOps) market report on the basis of offering, type, application, and region:
Algorithmic IT Operations Market, Offering Outlook (Revenue - USD Billion, 2019-2032)
Algorithmic IT Operations Market, Type Outlook (Revenue - USD Billion, 2019-2032)
Algorithmic IT Operations Market, Application Outlook (Revenue - USD Billion, 2019-2032)
Algorithmic IT Operations Market, Regional Outlook (Revenue - USD Billion, 2019-2032)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Algorithmic IT Operations (AIOps) Market Insights
- 4.1. Algorithmic IT Operations (AIOps) Market - Market Snapshot
- 4.2. Algorithmic IT Operations (AIOps) Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing Adoption of AI and Machine Learning
- 4.2.1.2. Increased Focus on Real-Time Analytics
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High implementation costs
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Algorithmic IT Operations (AIOps) Market Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Algorithmic IT Operations (AIOps) Market, by Offering
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 5.3. Platforms
- 5.3.1. Global Algorithmic IT Operations (AIOps) Market, by Platforms, by Region, 2019-2032 (USD billion)
- 5.4. Services
- 5.4.1. Global Algorithmic IT Operations (AIOps) Market, by Services, by Region, 2019-2032 (USD billion)
6. Global Algorithmic IT Operations (AIOps) Market, by Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 6.3. Cloud
- 6.3.1. Global Algorithmic IT Operations (AIOps) Market, by Cloud, by Region, 2019-2032 (USD billion)
- 6.4. On-Premises
- 6.4.1. Global Algorithmic IT Operations (AIOps) Market, by On-Premises, by Region, 2019-2032 (USD billion)
7. Global Algorithmic IT Operations (AIOps) Market, by Application
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 7.3. SMEs
- 7.3.1. Global Algorithmic IT Operations (AIOps) Market, by SMEs, by Region, 2019-2032 (USD billion)
- 7.4. Large Enterprises
- 7.4.1. Global Algorithmic IT Operations (AIOps) Market, by Large Enterprises, by Region, 2019-2032 (USD billion)
8. Global Algorithmic IT Operations (AIOps) Market, by Geography
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Algorithmic IT Operations (AIOps) Market Assessment, By Geography, 2019-2032 (USD billion)
- 8.3. Algorithmic IT Operations (AIOps) Market - North America
- 8.3.1. North America: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.3.2. North America: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.3.3. North America: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.3.4. Algorithmic IT Operations (AIOps) Market - U.S.
- 8.3.4.1. U.S.: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.3.4.2. U.S.: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.3.4.3. U.S.: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.3.5. Algorithmic IT Operations (AIOps) Market - Canada
- 8.3.5.1. Canada: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.3.5.2. Canada: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.3.5.3. Canada: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.4. Algorithmic IT Operations (AIOps) Market - Europe
- 8.4.1. Europe: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.4.2. Europe: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.4.3. Europe: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.4.4. Algorithmic IT Operations (AIOps) Market - UK
- 8.4.4.1. UK: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.4.4.2. UK: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.4.4.3. UK: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.4.5. Algorithmic IT Operations (AIOps) Market - France
- 8.4.5.1. France: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.4.5.2. France: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.4.5.3. France: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.4.6. Algorithmic IT Operations (AIOps) Market - Germany
- 8.4.6.1. Germany: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.4.6.2. Germany: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.4.6.3. Germany: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.4.7. Algorithmic IT Operations (AIOps) Market - Italy
- 8.4.7.1. Italy: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.4.7.2. Italy: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.4.7.3. Italy: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.4.8. Algorithmic IT Operations (AIOps) Market - Spain
- 8.4.8.1. Spain: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.4.8.2. Spain: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.4.8.3. Spain: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.4.9. Algorithmic IT Operations (AIOps) Market - Netherlands
- 8.4.9.1. Netherlands: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.4.9.2. Netherlands: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.4.9.3. Netherlands: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.4.10. Algorithmic IT Operations (AIOps) Market - Russia
- 8.4.10.1. Russia: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.4.10.2. Russia: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.4.10.3. Russia: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.4.11. Algorithmic IT Operations (AIOps) Market - Rest of Europe
- 8.4.11.1. Rest of Europe: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.4.11.2. Rest of Europe: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.4.11.3. Rest of Europe: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.5. Algorithmic IT Operations (AIOps) Market - Asia Pacific
- 8.5.1. Asia Pacific: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.5.2. Asia Pacific: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.5.3. Asia Pacific: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.5.4. Algorithmic IT Operations (AIOps) Market - China
- 8.5.4.1. China: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.5.4.2. China: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.5.4.3. China: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.5.5. Algorithmic IT Operations (AIOps) Market - India
- 8.5.5.1. India: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.5.5.2. India: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.5.5.3. India: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.5.6. Algorithmic IT Operations (AIOps) Market - Malaysia
- 8.5.6.1. Malaysia: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.5.6.2. Malaysia: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.5.6.3. Malaysia: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.5.7. Algorithmic IT Operations (AIOps) Market - Japan
- 8.5.7.1. Japan: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.5.7.2. Japan: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.5.7.3. Japan: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.5.8. Algorithmic IT Operations (AIOps) Market - Indonesia
- 8.5.8.1. Indonesia: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.5.8.2. Indonesia: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.5.8.3. Indonesia: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.5.9. Algorithmic IT Operations (AIOps) Market - South Korea
- 8.5.9.1. South Korea: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.5.9.2. South Korea: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.5.9.3. South Korea: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.5.10. Algorithmic IT Operations (AIOps) Market - Australia
- 8.5.10.1. Australia: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.5.10.2. Australia: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.5.10.3. Australia: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.5.11. Algorithmic IT Operations (AIOps) Market - Rest of Asia Pacific
- 8.5.11.1. Rest of Asia Pacific: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.5.11.2. Rest of Asia Pacific: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.5.11.3. Rest of Asia Pacific: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.6. Algorithmic IT Operations (AIOps) Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.6.2. Middle East & Africa: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.6.3. Middle East & Africa: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.6.4. Algorithmic IT Operations (AIOps) Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.6.4.2. Saudi Arabia: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.6.4.3. Saudi Arabia: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.6.5. Algorithmic IT Operations (AIOps) Market - UAE
- 8.6.5.1. UAE: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.6.5.2. UAE: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.6.5.3. UAE: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.6.6. Algorithmic IT Operations (AIOps) Market - Israel
- 8.6.6.1. Israel: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.6.6.2. Israel: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.6.6.3. Israel: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.6.7. Algorithmic IT Operations (AIOps) Market - South Africa
- 8.6.7.1. South Africa: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.6.7.2. South Africa: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.6.7.3. South Africa: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.6.8. Algorithmic IT Operations (AIOps) Market - Rest of Middle East & Africa
- 8.6.8.1. Rest of Middle East & Africa: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.6.8.2. Rest of Middle East & Africa: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.6.8.3. Rest of Middle East & Africa: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.7. Algorithmic IT Operations (AIOps) Market - Latin America
- 8.7.1. Latin America: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.7.2. Latin America: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.7.3. Latin America: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.7.4. Algorithmic IT Operations (AIOps) Market - Mexico
- 8.7.4.1. Mexico: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.7.4.2. Mexico: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.7.4.3. Mexico: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.7.5. Algorithmic IT Operations (AIOps) Market - Brazil
- 8.7.5.1. Brazil: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.7.5.2. Brazil: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.7.5.3. Brazil: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.7.6. Algorithmic IT Operations (AIOps) Market - Argentina
- 8.7.6.1. Argentina: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.7.6.2. Argentina: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.7.6.3. Argentina: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
- 8.7.7. Algorithmic IT Operations (AIOps) Market - Rest of Latin America
- 8.7.7.1. Rest of Latin America: Algorithmic IT Operations (AIOps) Market, by Offering, 2019-2032 (USD billion)
- 8.7.7.2. Rest of Latin America: Algorithmic IT Operations (AIOps) Market, by Type, 2019-2032 (USD billion)
- 8.7.7.3. Rest of Latin America: Algorithmic IT Operations (AIOps) Market, by Application, 2019-2032 (USD billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. IBM
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Microsoft
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. VMware
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Splunk
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. ServiceNow
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Cisco
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. BMC Software
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Micro Focus
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Elastic
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Dynatrace
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. AppDynamics
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. New Relic
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. SolarWinds
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Moogsoft
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. PagerDuty
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development