The AIOps Market size is estimated at USD 21.97 billion in 2023, and is expected to reach USD 64.44 billion by 2028, growing at a CAGR of 24.01% during the forecast period (2023-2028).
With the increase in the number of people working from home, enterprise-instituted work-from-home (WFH) policies shifted information security focus from enterprise infrastructure to cloud and virtualized infrastructure.
The competitive rivalry amongst the players in the market is high owing to the presence of some key players such as Moogsoft Inc., IBM Corporation, Splunk Inc., BMC Software Inc., and Sumo Logic Inc., amongst others. The ability to continually innovate its products and services allowed them to gain a competitive advantage over other players in the market. These players can attain a more significant market footprint through strategic partnerships, mergers & acquisitions, and research and development activities.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook