The Artificial Intelligence For IT Operations Platform Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Artificial Intelligence For IT Operations Platform Global Market Report 2024, The artificial intelligence for IT operations platform market size is expected to see exponential growth in the next few years. It will grow to $33.17 billion in 2028 at a compound annual growth rate (CAGR) of 22.3%. The growth in the forecast period can be attributed to adoption of machine learning algorithms, integration with DevOps practices, emphasis on predictive analytics, rise of autonomous IT operations, and expansion of edge computing. Major trends in the forecast period include hybrid and multi-cloud management, focus on AIOps for cybersecurity, integration of AI with IT service management (ITSM), shift towards event correlation and root cause analysis, and emergence of explainable AI for transparency and compliance.
The rapid adoption of cloud-based infrastructure in the IT sector is expected to propel the growth of the artificial intelligence for IT operations platform market going forward. Cloud-based infrastructure refers to computing resources, such as servers and storage, delivered and managed over the internet through cloud services. Cloud-based platforms enhance artificial intelligence for IT operations (AIOps) by providing scalable infrastructure, facilitating seamless data storage, and enabling real-time analytics to optimize and automate IT operations. For instance, in December 2023, according to the European Commission (EC), a Belgium-based executive body of the European Union (EU), the adoption of cloud-based solutions in 2023 in the European Union increased by 4.2%, with 45.2% of enterprises purchasing cloud computing services, 79% in the information and communication sector, and 77.6% in large enterprises showcasing a notable rise compared to 2021. Therefore, the rapid adoption of cloud-based infrastructure in the IT sector is driving the growth of the artificial intelligence for IT operations platform market.
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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
Major companies operating in the artificial intelligence for IT operations platform market are increasing their focus on introducing artificial intelligence platforms, such as EY.AI, to gain a competitive edge in the market. Artificial intelligence (AI) platforms are integrated software solutions that utilize advanced processing capabilities, data analytics, and machine learning algorithms to enable the development, deployment, and management of AI applications and services. For instance, in September 2023, Ernst & Young, a UK-based law company, launched EY.ai, an artificial intelligence (AI) platform for IT operations designed to leverage the power of AI to help organizations transform their IT operations. The platform aims to combine human capabilities with artificial intelligence to assist EY clients in confidently and responsibly adopting AI to transform their businesses. EY.ai uses cutting-edge EY technology platforms and AI capabilities, along with a strong AI ecosystem, to augment its deep experience in strategy, transactions, transformation, risk, assurance, and tax.
The artificial intelligence for it operations platform market report table of contents includes:
- Executive Summary
- Artificial Intelligence For IT Operations Platform Market Characteristics
- Artificial Intelligence For IT Operations Platform Market Trends And Strategies
- Artificial Intelligence For IT Operations Platform Market - Macro Economic Scenario
- Global Artificial Intelligence For IT Operations Platform Market Size and Growth
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- Global Artificial Intelligence For IT Operations Platform Market Competitive Benchmarking
- Global Artificial Intelligence For IT Operations Platform Market Competitive Dashboard
- Key Mergers And Acquisitions In Artificial Intelligence For IT Operations Platform Market
- Artificial Intelligence For IT Operations Platform Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- com Inc
- Apple Inc.
- Google (Alphabet Inc.)
- Microsoft Corporation
- IBM Corporation
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The Global Artificial Intelligence (AI) For IT Operations Platform Market was valued at $3.2 Billion in 2020.
Growing at a high CAGR of more than 18.7% between 2021 and 2031, it is estimated to reach $23.3 Billion by 2031”, as per the latest market research report titled Global Artificial Intelligence (AI) For IT Operations Platform Market – Industry analysis, size, share, growth, trends, and forecast, 2021-2031.The AI or Artificial Intelligence for IT Operations or AIOps platform contextualizes and correlates data across various customers, applications, infrastructure, and network services.
The platform applies to machine learning, advanced analytics, and automation to provide an advanced level of visibility and data-driven recommendations.
However, the advanced use of the AIOps platform and digital experience monitoring tools among large enterprises for application monitoring and infrastructure is expected to drive the market growth over the forecast period.
Hence, resource optimization also acts as an opportunity for the market to grow during the forecast period.To know more about this study, request a free sample report @ https://www.sheeranalyticsandinsights.com/request-sample/aiops-platform-market-21However, in this current pandemic of COVID-19, the Artificial Intelligence (AI) For IT Operations Platform market was affected much.
The COVID-19 outbreak is expected to drive the market growth of next-generation tech domains, including AI, owing to the mandated WFH or work-from-home policy.
Artificial Intelligence Platform MarketThe Artificial Intelligence Platform Market report published by Data Bridge Market research is the representation of data and analysis of the market.
It gives detailed analysis of the current market scenario and a market forecast till 2026.
The data included in this Artificial Intelligence Platform Market report provides detailed information of the geographic landscape, competitive scenarios and upcoming opportunities in the Industry.
The inclusion of the statistical records in the XYZ report helps in authenticating the results that are being presented and thus provide a clear vision and indication to clients in understanding the response of the participants.The Global Artificial Intelligence Platform Market accounted for USD 2.34 billion in 2017 and is projected to grow at a CAGR of 31.2% the forecast period of 2018 to 2025.Get Inside Scoop of the report, request for sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-artificial-intelligence-platform-market Market Definition: Global Artificial Intelligence Platform MarketArtificial Intelligence (AI) is a creation of wise and smart machines that work, respond and react like people.
Advancing innovation, selection of robots and drones, driverless tractors, crop health checking, and automated water system framework are a part of the applications that credited to the high development of the global artificial intelligence in agriculture (AIA) showcaseTop Manufacturers Covered in the Report:The renowned players in the global artificial intelligence platform market are Welltok, Inc., Intel Corporation, Nvidia Corporation, Google Inc., IBM Corporation, Microsoft Corporation, General Vision, Enlitic, Inc., Next IT Corporation, iCarbonX, Amazon Web Services, Apple, Facebook Inc., Siemens, General Electric, Micron Technology, Samsung, Xillinx, Iteris, Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc., Baidu, Inc., H2O ai, Enlitic, Inc. and Raven Industries.Market Segmentation: Global Artificial Intelligence Platform MarketThe global artificial intelligence platform market is based on component, deployment mode, application, end-user, and geographical segments.Based on component, the global artificial intelligence platform market can be segmented into tools and services.
Tools can be further sub segmented into NLP (Natural Language Processing) and ML (Machine Language).
When you talk about Artificial Intelligence there are many changes that has been grown and implemented over different platforms and specially over eCommerce platform. The technology has been attracting everyone to get more innovative into the online market. Artificial Intelligence in eCommerce is revolutionizing by shaping the world of online shopping experience by creating new standards.
360Quadrants, the world’s only comparison platform that combines expert analysis with crowdsourced reviews, has released a quadrant on Artificial Intelligence Platform to help businesses make quicker and more informed decisions.
The algorithms used to formulate AI platforms provide logical models for developers to fabricate various innovative applications with speech, voice, and text recognition.
The global AI platform market has been segmented into component (tools and services), deployment mode (cloud and on-premise), application (forecasts and prescriptive models, chatbots, speech recognition, and text recognition), and end user (BFSI, healthcare, retail and eCommerce, manufacturing, research and academia, and transportation).
Artificial Intelligence offerings from Google aim to deliver valuable insights and intelligence from data.
The company has an established product portfolio with a robust market presence and business strategy.
Some of the major developments of the company in the AI platform space include: Google Cloud and Figure Eight Collaborate Google Cloud and Figure Eight have collaborated to make Figure Eight a data annotation launch partner for Google Cloud AutoML, which is an ML suite that helps developers train models using Google’s neural architecture search technology.
