Artificial Intelligence for IT Operations Platform Market Size, Share, Growth Analysis, By Offering(Platform, Service), By Application(Infrastructure Management, Application Performance Analysis, Real-Time Analytics, Network & Security Management), By Region - Industry Forecast 2024-2031

Artificial Intelligence For IT Operations Platform Market size was valued at USD 8.36 Billion in 2022 and is poised to grow from USD 9.84 Billion in 2023 to USD 36.24 Billion by 2031, at a CAGR of 17.70% during the forecast period (2024-2031).

Strategic acquisitions and continual innovation have allowed established artificial intelligence for IT operations platform market players to account for a prominent market share and this has also contributed to the highly competitive nature of this marketplace. Collaborations and partnerships are also influential strategies that are being adopted by different artificial intelligence for IT operations platform providers to improve their business reach and revenue generation potential. Integration of predictive analytics and machine learning is also estimated to be a key trend that new as well as established artificial intelligence for IT operations platform companies will focus on going forward. Market players will be focusing on providing a complete IT operations platform that can manage monitoring, troubleshooting, and data security as well. Growing digitization and the increasing complexity of IT infrastructure in different industries will further open up new avenues of opportunities for artificial intelligence for IT operations platform companies in the long run. 'IBM Corporation', 'Sumo Logic Inc.', 'Splunk Inc.', 'Evolven Software', 'AppDynamics (Cisco)', 'ScienceLogic Inc.', 'Broadcom Inc.', 'Zenoss Inc.', 'New Relic Inc.', 'LogicMonitor Inc.', 'Resolve Systems LLC', 'OpsRamp Inc.', 'Ayehu Software Technologies Ltd.', 'Loom Systems', 'BigPanda Inc.', 'Dynatrace LLC', 'CloudFabrix Software Inc.', 'Micro Focus International', 'Moogsoft Inc.', 'Nexthink S.A.'

Increasing complexity of IT infrastructure in different organizations owing to the rising number of interconnected networks and systems is driving up the demand for AI-powered IT operations solutions to efficiently manage, monitor, and safeguard IT platforms.

Adoption of Machine Learning and Predictive Analytics: Artificial intelligence operations platforms are focusing on utilizing machine learning and predictive analytics technologies to help improve enterprise operations. The integration of these advanced technologies will improve IT performance and even help in reducing downtime.

The high concentration of technology companies in the North American region allows it to account for a dominant share of the artificial intelligence for IT operations platform market. Rapid adoption of advanced technologies makes the United States a highly opportune space in this region. Rising focus on enhancing the overall productivity and efficiency of businesses and the rising integration of digital solutions are promoting the uptake of artificial intelligence for IT operations platforms in this region. High focus on cybersecurity and the rising incidence of cyberattacks is also favoring artificial intelligence for IT operations platform demand in this region.