Global Artificial Intelligence For Information Technology Operations AIOps For Telecom Operations Market Opportunities 2024, Forecast To 2033
23 Jul, 2024
The AIOps in telecom operations market has shown remarkable growth, increasing from $0.59 billion in 2023 to $0.86 billion in 2024, with a CAGR of 45.8%. This growth is driven by the need to improve network availability and operational efficiency, expanding cloud platform deployments by telecom companies, increased use of machine learning algorithms for optimization, and cost reduction pressures amidst competition. Looking ahead, the market is expected to reach $3.94 billion by 2028, growing at a CAGR of 46.3%. Drivers include automation in network and service operations, AI-driven insights for network planning, autonomous network operations, and enhanced cybersecurity measures through advanced monitoring.
Major Driver In The Artificial Intelligence For Information Technology Operations AIOps For Telecom Operations Market
The growth of artificial intelligence for information technology (IT) operations (AIOps) in the telecom operations market is expected to be propelled by increasing network availability. Network availability, measured over a year, signifies the percentage of time a network system remains fully operational. This demand rises due to reliance on digital services, cloud migration, security enhancements, infrastructure improvements, and the necessity for uninterrupted connectivity supporting critical business operations. AIOps solutions analyze vast amounts of real-time data from network devices, logs, and metrics to automatically detect anomalies, predict future issues, and identify potential challenges. For example, Mobile World Live (MWL) reported a surge in consumer adoption of 5G services to 61% in 2022 from 43% in 2021 in the United States, emphasizing the role of increasing network availability in driving AIOps growth in the telecom operations market.
Request A Free Sample Of The Global Artificial Intelligence For Information Technology Operations AIOps For Telecom Operations Market ReportArtificial Intelligence For Information Technology Operations AIOps For Telecom Operations Market Competitive Landscape
Amazon.com Inc, International Business Machines Corporation (IBM), Cisco Systems Inc, Broadcom SA, Devo Technology Inc, Vmware Inc, HCL Technologies Limited, Micro Focus International Limited, Splunk Inc, BMC Software Inc, Catchpoint Systems Inc, Neustar Inc, Dynatrace LLC, New Relic Inc, Elastic NV, PagerDuty Inc, AppDynamics LLC, Exabeam Inc, Correlata Solutions Ltd, Moogsoft Inc, Corvil Limited, Gigamon Inc, LogMeIn Inc, Loom Systems Ltd, Nexthink SA, Pingman Tools LLC, ProphetStor Data Services Inc, Resolve Systems LLC, RISC Networks, StackState Inc.
Key Artificial Intelligence For Information Technology Operations AIOps For Telecom Operations Market Trend
Major companies in the artificial intelligence for information technology operations (AIOps) for telecom operations market are focused on innovating products like AI Anywhere, aimed at optimizing telecom operations. AI Anywhere offers a comprehensive solution with pre-built tools and frameworks, ensuring responsible deployment of generative AI using proprietary data. For example, Rackspace Technology Inc., a US-based cloud computing company, introduced AI Anywhere in January 2024, a private cloud platform leveraging AI and machine learning (ML). These solutions enhance operational efficiency, addressing complex data ecosystem management challenges within the telecom industry. By integrating AI technologies such as big data analytics and automation, AI Anywhere helps telecom service providers optimize operations, predict outages, improve system performance, and enhance customer services.
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The artificial intelligence for information technology operations (AIOps) for telecom operations market covered in this report is segmented –
1) By Offering: Platform, Service
2) By Deployment Model: On-Premise, Cloud
3) By Application: Infrastructure Management, Application Performance Analysis, Real-Time Analytics, Network And Security Management, Other Applications
By Geography:The regions covered in the artificial intelligence for information technology operations (AIOps) for telecom operations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the artificial intelligence for IT operations (AIOps) for telecom operations market in 2023.
The Artificial Intelligence For Information Technology Operations (AIOps) For Telecom Operations Global Market Report 2024 furnishes information about the global artificial intelligence for information technology operations (AIOps) for telecom operations market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.