AI for the IT Operation Market Trends and Forecast
The future of AI for the global IT operation market looks promising with opportunities in the IT & telecom, healthcare & life science, media & entertainment, retail & ecommerce, and government & public sector markets. The AI for the global IT operation market is expected to grow with a CAGR of 17.4% from 2024 to 2030. The major drivers for this market are increase in demand for proactive and predictive monitoring solutions, growth of big data and complexity in IT environments driving the need for automation, and highest efficiency in resolving IT incidents and reducing downtime through AI-driven analytics.
• Lucintel forecasts that cloud deployment is expected to witness higher growth over the forecast period.
• Within this market, IT & telecom is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook of AI for the IT Operation Market
• United States - Companies like Splunk and IBM announce expanded AI-driven IT operations solutions, targeting enhanced automation and predictive analytics. Government initiatives focus on fostering AI innovation through funding and regulatory support.
• United Kingdom - British Telecom launches AI-powered network monitoring to improve service reliability. Government aims to invest in AI research and development, setting targets for AI adoption in public sector IT operations.
• India - Infosys introduces AI-driven IT operations solutions, aiming to streamline infrastructure management. Government initiatives focus on creating AI skill development programs and incentivizing AI adoption in IT infrastructure.
• Germany - SAP announces AI-driven IT operations platform for efficient business process monitoring. Government targets include advancing AI technologies in industrial IT operations and cybersecurity through public-private partnerships
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI for the IT Operation Market by Segment
The study includes a forecast for AI for the global IT operation market by type, application, and region.
AI for the IT Operation Market by Type [Value from 2018 to 2030]:
• Cloud Deployment
• Local Deployment
AI for the IT Operation Market by Application [Value from 2018 to 2030]:
• IT & Telecom
• Healthcare & Life Science
• Media & Entertainment
• Retail & Ecommerce
• Government & Public Sector
AI for the IT Operation Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Companies for the IT Operation Market
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI companies for the IT operation market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of AI companies for the IT operation market profiled in this report include-
• Moogsoft
• Broadcom
• Vmare
• Appdynamics
• IBM
• Splunk
• Prophetstor Data Services
Recent Development in AI for the IT Operation Market
• Splunk: Splunk introduces AI-driven observability platform, integrating machine learning for predictive IT operations and real-time insights.
• IBM: IBM unveils Watson AIOps, leveraging AI to automate IT operations, enhance efficiency in incident response, and optimize IT infrastructure management.
• Cisco: Cisco launches AI Endpoint Analytics, using machine learning to detect and respond to IT security threats and network issues in real-time.
• Dynatrace: Dynatrace enhances AI-powered observability platform, focusing on automatic problem detection and resolution across cloud environments.
• BMC Software: BMC Software releases TrueSight AIOps, employing AI and machine learning for proactive IT operations management and automated service assurance.
Features of the Global AI for the IT Operation Market
Market Size Estimates: AI for the IT operation market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI for the IT operation market size by type, application, and region in terms of value ($B).
Regional Analysis: AI for the IT operation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for AI for the IT operation market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of AI for the IT operation market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI for the IT operation market?
Answer: The AI for the global IT operation market is expected to grow with a CAGR of 17.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of AI for the IT operation market?
Answer: The major drivers for this market are increase in demand for proactive and predictive monitoring solutions, growth of big data and complexity in IT environments driving the need for automation, and highest efficiency in resolving IT incidents and reducing downtime through AI-driven analytics.
Q3. What are the major segments for AI for the IT operation market?
Answer: The future of AI for the global IT operation market looks promising with opportunities in the IT & telecom, healthcare & life science, media & entertainment, retail & ecommerce, and government & public sector markets.
Q4. Who are the key AI companies for the IT operation market?
Answer: Some of the key AI companies for the IT operation market are as follows:
• Moogsoft
• Broadcom
• Vmare
• Appdynamics
• IBM
• Splunk
• Prophetstor Data Services
Q5. Which AI for the IT operation market segment will be the largest in future?
Answer: Lucintel forecasts that cloud deployment is expected to witness higher growth over the forecast period.
Q6. In AI for the IT operation market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities in AI for the IT operation market by type (cloud deployment and local deployment), application (IT & telecom, healthcare & life science, media & entertainment, retail & ecommerce, and government & public sector), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI for the IT Operation Market Market, AI for the IT Operation Market Market Size, AI for the IT Operation Market Market Growth, AI for the IT Operation Market Market Analysis, AI for the IT Operation Market Market Report, AI for the IT Operation Market Market Share, AI for the IT Operation Market Market Trends, AI for the IT Operation Market Market Forecast, AI for the IT Operation Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.