AIOps Market Share

North American Market Forecast

The AIOps market in North America is anticipated to have a 35% share of the market. The regional dominance among developed economies, allows them to make significant investments in R&D activities. In addition, the rising convergence of various technologies and the diffusion of digital transformation across businesses have had an influence on the area and increased IT budget spending. The region's IT behemoths, including IBM and VMware, are concentrating on providing AI-powered services to aid their clients in developing intelligent applications in order to fulfill the need for AI-powered solutions. In 2022, North America held the largest revenue share (51.1%) in the worldwide artificial intelligence market.

APAC Market Statistics

Asia Pacific is predicted to have a 28% share of the global AIOps market share and develop at a substantial CAGR as a result of the rapid use of automation in a variety of corporate operations across all industries. A rising market for AI-powered products and services is emerging in the Asia Pacific due to the region's high data creation.  Data analytics advances are driven by AI-powered solutions such as AI in IOT , which also fill in any holes left by outdated technologies. Governments in the APAC region are aggressively investing in AI, but long-term solutions will take some time to implement for structural reasons. According to an IDC report jointly commissioned by Lenovo and AMD, artificial intelligence (AI) is anticipated to become widely used in the APAC region by the end of 2023, with more than 88% of regional enterprises already using or planning to use AI or machine learning (ML) applications over the next 12 months.