ICT RESEARCH REPORTS AIops-Platform-Market | Page 2

On the basis of component, the global AIOps platform market size is segmented into platform
and services. The platform segment held dominant position in the AIops Platform market in 2017
and is projected to retain its dominance throughout the forecast period. The AIOps platform
encompasses a combination of various Artificial Intelligence such as Machine learning,
automation, analytics, and others. In today’s world, the high adoption of machine learning
technology in various systems such as image recognition systems, voice recognition systems,
recommender systems, which are used in day to day activities have accelerated the demand for
the Machine learning. Moreover, the advancement in image recognition system has led to
increased system accuracy, which in turn has propelled demand for Machine learning. For
instance, according to Coherent Market Insights’ analysis in image labeling challenge, the
accuracy of machine learning was 72% in 2010 and it reached to 96% in 2015. The ability of
machines to process large volumes of data and to use the data for prediction have made the
Machine learning a key tool in various applications such as BFSI, healthcare, and others.
Therefore, high adoption of Machine learning is expected to propel growth of the AIOps platform
market.
Moreover, exponential growth of data has increased the demand for analytics solutions, which is
expected to fuel growth of the AIOps platform market. For instance, according to Coherent
Market Insights’ analysis, 600 zeta byte of data is estimated to be generated by IOT technology
by 2020.
Browse More About the Market Study @
https://www.coherentmarketinsights.com/market-insight/aiops-platform-market-2073
North America held the dominant position in AIops Platform market in 2017
On the basis of geography, the Artificial intelligence for IT operation Platform market is
segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North
America held the dominant position in the market in 2017 and is projected to retain its
dominance throughout the forecast period. The U.S. and Canada are major economies driving
growth of AIops Platform market in this region, owing to the region been early adopter of
advanced technologies such as Artificial intelligence, Machine learning, big data, and analytics in
the region. Moreover, presence of IT companies such as Google, Microsoft Corporation, IBM,
oracle, and others plays a major role for growth of the market in the region.
Key Players- Global AIops Platform Market.
The major players operating in the global AIops Platform industry include, International Business
Machines Corporation, Splunk Inc., CA Technologies, VMware, Inc, Micro Focus International plc,
HCL Technologies Limited, AppDynamics, BMC Software, Inc., Moogsoft, and FixStream Network
Inc.