ITOps market to grow to $125 billion by 2028 with AI influence, positive.

From Investing.com: 2024-12-29 03:00:00

The IT Operations (ITOps) market is undergoing a transformation fueled by AI and automation, growing to an estimated $125 billion by 2028 from $80 billion in 2024. ServiceNow is gaining traction among executives for streamlining operations. Despite valuation declines, Raymond James sees potential for investor value creation.

ITOps submarkets include IT Service Management (ITSM), valued at $7 billion, Health Performance and Analysis (HPA) at $22 billion, and Artificial Intelligence for IT Operations (AIOps) at $2 billion. ITSM is driven by AI integration, HPA supports IT infrastructure performance, and AIOps enhances decision-making with AI analysis.



Read more at Investing.com: ITOps market poised for double-digit growth as AI reshapes industry, Raymond James By Investing.com