Artificial Intelligence
AIOps Platform Market Trends is Anticipated to grow USD 33.8 Billion at a CAGR of 18.20% by 2032 – Report by Market Research Future (MRFR)
New York, USA, July 19, 2023 (GLOBE NEWSWIRE) — According to the research report published by Market Research Future (MRFR), “AIOps Platform Market Information Deployment Mode, By Services, By Vertical, By Application And By Region – Market Forecast Till 2032”. The global AIOps Platform Market will touch USD 33.8 billion at an 18.20% CAGR by 2032, as per the recent Market Research Future report.
MarKet Drivers:
In recent years, cloud computing has experienced a sharp rise in popularity. Most businesses are drawn towards cloud hosting services such as AWS (Amazon Web Services, Inc.), Microsoft Azure (Microsoft), and Google Cloud (Alphabet Inc.), according to their listed features, which include, among others, the ability to scale up or down based on usage, pay-per-use, self-service, and high resiliency. In terms of IT expenses, service quality, & time to market, cloud computing beats traditional IT solutions because of these benefits. Rapid IT issue identification and resolving is made possible by the combined insight across every environment provided by AIOps solutions.
MarKet Opportunities:
AIOps platforms are essential for improving IT security & risk control. These platforms can identify and respond to security risks in real-time by utilizing AI algorithms, facilitating quicker incident response & mitigation. Additionally, they offer sophisticated anomaly detection tools that support the discovery of potential security holes and vulnerabilities.
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Key Players:
Eminent industry players profiled in the global AIOps platform market report include:
- AppDynamics
- BMC Software Inc.
- Broadcom
- HCL Technologies Limited
- International Business Machines Corporation
- Micro Focus
- Moogsoft
- Prophet Stor Data Services, Inc.
- Resolve Systems
- Splunk Inc
Scope of the Report – AIOps Platform Market:
Report Metrics | Details |
Market Size by 2032 | USD 33.8 Billion |
CAGR during 2023-2032 | 18.20% |
Base Year | 2022 |
Forecast | 2023-2032 |
Key Market Opportunities | Exponentially growing data |
Key Market Dynamics | The increasing reception of cloud platforms from different associations of different verticals and the advancement in image recognition systems |
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Market Segmentation:
The global AIOps platform market is bifurcated based on component, service, application, deployment, organization size, and vertical.
By component, platforms will head the market over the forecast period. To provide corporate organizations a competitive advantage in the market, AIOps vendors offer them trustworthy, adaptive, and cutting-edge platform experiences.
By service, implementation service will domineer the market over the forecast period. This significant market share should be attributed to its business advantages, which include enhanced decision making, faster digital transformation, efficient data processing, & integrated agility.
By application, real-time analytics will spearhead the market over the forecast period. The manufacturing industry is using real-time analytics in a variety of areas, including production quality (data accuracy, vendor quality, and cost overruns), delivery dependability (schedule adherence, & vendor delivery performance), lead times (cycle time, & customer service time), & costs (waste rates, system complexity, inventory turns, and overhead efficiency).
By deployment, on-premise will head the market over the forecast period. This high percentage is brought on by the improved security and privacy provided by on-premise solutions in IT operations.
By organization size, large enterprises will spearhead the market over the forecast period. AIOps solutions are being used by large enterprises in various industries, including media and entertainment.
By vertical, BFSI will head the market over the forecast period. In this sector, the usage of AIOps technology for safeguarding banking & financial data has considerably expanded. AI offers a wide range of use-cases in banking & financial IT operations, including real-time analytics, addressing difficult IT challenges, automating banking, and enhancing scalability, among others.
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Restraints and Challenges:
Concerns about Use of Modern Solution to act as Market Restraint
The concerns about the use of modern solutions over the traditional methodology and dearth of skilled professionals may act as market restraints over the forecast period.
COVID-19 Analysis:
The necessity for quicker incident identification, swift response, and service restoration amongst enterprises has intensified as a result of the COVID-19 pandemic outbreak. Since AIOps provide this, market players concentrate on raising awareness of this technology for which they provide complimentary solutions for a limited period of time. They make it possible for workers from outside partners and inside corporate IT teams to securely access, debug, & restore business services using remote consoles thanks to their solution. For instance, the California-based company Aisera offers free access to its remote work virtual assistant & collaboration software for 60 days after the date of purchase to healthcare providers and governmental organizations. Aisera offer 24/7 AI-based assistance.
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Regional Analysis:
In 2022, this market was headed by the North America Market (45.80%). In the US, consumer apps for AI-based financial guidance are gaining traction to assist consumers in making wiser investment decisions. The region’s availability of AIOps platform providers explains this. Many businesses, including both established IT organizations and start-ups, are developing AIOps platforms. Additionally, the North American AIOps Platform market in North America was led by the U.S., which had the greatest market share, and Canada, which had the quickest rate of growth. In practically every industry, including aircraft, healthcare, infrastructure, life sciences, automation, and technology, North America is the most developed area in the world. Due to a number of driving factors, North America will account for the utmost market share in the anticipated period as the use of automation in multiple business processes across verticals is experiencing rapid changes. Due to the region’s increasing generation of enormous amounts of data, there is a growth in demand for goods and services that employ artificial intelligence. Machine learning (ML), a component of AI-powered goods and services, promotes improvements in knowledge analytics & fills in the gaps left by earlier technologies.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
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Website: https://www.marketresearchfuture.com
Artificial Intelligence
Reliance Cyber and Google Cloud Security unite to transform cybersecurity for UK businesses
LONDON, May 28, 2024 /PRNewswire/ — Leading Managed Security Service Provider (MSSP), Reliance Cyber has been selected as one of only four MSSPs to partner with Google Cloud Security (GCS). This collaboration is set to make cybersecurity more effective and less complicated for businesses throughout the UK and Ireland.
Why this matters:In today’s complex security environment, businesses face a multitude of challenges, including escalating cyberattacks, an overwhelming number of security alerts, rising cybersecurity costs, and a critical shortage of skilled professionals. The partnership between Reliance Cyber and Google Cloud Security provides organisations with improved security postures through insightful, data-driven analytics, which underpin Reliance Cyber’s XDR service. For businesses facing diverse economic, social, and technological changes—such as the ongoing impacts of COVID-19, the transition to hybrid and remote work, rapid technological advancements like AI, and budget pressures from the cost of living crisis—this partnership represents a significant step forward. It enhances cybersecurity without the usual challenges of high costs, complexity, or the need for specialised staff. It’s about making world-class security simple and available to a wider audience.
What’s changing:
Support for growth: The partnership will expand the reach of state-of-the-art security services to more businesses, helping to protect organisations without the stress of financial and operational barriersEnhanced visibility, lower costs: Leveraging Google’s SOAR capabilities and Chronicle’s powerful telemetry, Reliance Cyber’s tailored ingestion approach means organisations can achieve enhanced visibility across their digital environments at a reduced cost. This approach enables proactive prevention and detection of threats, ensuring better security with less expenditure.Key benefits of the strategic partnership include:
AI and automation: Automation is at the core of Reliance Cyber’s offering. Every alert is enriched with threat intel from leading vendors, automatically correlated, and grouped into cases, reducing mean time to detect (MTTD) and mean time to respond (MTTR). Google’s additions enhance this with lower data ingestion costs, superior threat intelligence, curated detections, and advanced anomaly detection using machine learningSimplified security operations to support staff: Integration of Google Cloud’s SOAR capabilities simplifies the security management landscape, allowing CISOs to focus on strategic planning rather than daily operational hurdlesScalable security for business growth: The partnership supports business expansion strategies by providing scalable security solutions that grow with the company, crucial for organisations driving technological advancementData-driven insights for better decision-making: Boards will gain unparalleled visibility into their digital environments, fostering smarter, faster decision-making to preemptively address potential security threats.Rob Walton, Chief Revenue Officer at Reliance Cyber, on the transformative impact: “We’re thrilled to partner with Google Cloud Security. This partnership aligns perfectly with our mission to deliver comprehensive, advanced security services to the market, making top-level security accessible and manageable for businesses of all sizes. Ultimately, it’s about creating predictability and peace of mind in an area that can often cause businesses and their boards sleepless nights, particularly due to concerns about attacks and the financial constraints that dictate risk appetites.”
Do you want more coverage, at less cost, with zero compromises?
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About Reliance Cyber
Since our founding in 2003, Reliance Cyber has established itself as a leading Managed Security Service Provider (MSSP). By combining deep cybersecurity expertise with a true partnership ethos, we enable organisations to concentrate on their core business.
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Artificial Intelligence
Eficode acquires Jodocus and reinforces Atlassian Cloud skills and Atlassian partnership in Germany
HELSINKI, May 28, 2024 /PRNewswire/ — Eficode has acquired Jodocus, the first cloud-native Atlassian Platinum partner in Germany. This acquisition further reinforces Eficode’s role as an Atlassian partner in Germany and expands its skills and services in Atlassian Cloud.
“Atlassian is moving to the Cloud, and the related know-how is essential to speed up this transition. Jodocus was originally the first Atlassian partner in Germany to focus fully on the Cloud. Their broad expertise in Atlassian tools and cloud migrations helps our customers in their journey to the cloud and complements our mission to build the future of software development,” says Ilari Nurmi, CEO of Eficode. “We welcome Jodocus’ employees and customers to Eficode.”
Founded in 2019, Jodocus is an Atlassian Platinum Solution Partner with extensive expertise in Atlassian Cloud. In addition to focusing on the Cloud, the Jodocus team offers support on business processes, Application Lifecycle Management, and DevOps. Their customer base is in Germany, with well-known names such as Otto Group and Fricke. Jodocus has 45 employees, and its revenue in 2023 was 11,5 million euros. “Together, Eficode and Jodocus will form a more significant entity and have even more international customers, which opens possibilities for deepening and broadening our relationship with our customers,” says Werner Krandick, CEO of Jodocus.
Eficode has enabled countless businesses with DevOps and digital transformation to adopt new technologies and practices to create software better. Its full spectrum of digital services can now be extended also to Jodocus’ customers. Eficode ROOT provides software development tools as a managed service in a Software-as-a-Service manner. In turn, with Total Support, we manage the tools and offer support, coaching, and mentoring for Atlassian solutions as a subscription.
In recent years, Eficode has grown strongly both organically and through acquisitions. Eficode’s compound annual growth (CAGR) during the previous four fiscal years has been 70%.
Media contactsIlari Nurmi, Chief Executive Officer, Eficode. [email protected], +358 40 577 5084 Lauri Palokangas, Chief Marketing Officer, Eficode. [email protected], +358 50 486 4918
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Artificial Intelligence
New first of its kind UK legal-tech recruitment platform aims to put an end to overseas worker scams
Unique UK-based legal technology platform, Immpact, helps unite the global talent market to fulfil UK skills shortages across healthcare, construction, engineering, life sciences and hospitality Immpact directly connects employers, recruiters and regulated legal experts with pre-qualified global talent – and aims to help eradicate profiteering job scammersREADING, England, May 28, 2024 /PRNewswire/ — A unique new legal-tech recruitment platform has launched in the UK to help put an end to overseas worker scams and directly connect UK employers and recruiters with pre-qualified overseas global talent. Immpact will help fulfil acute skills shortages across sectors including healthcare, construction, engineering, life sciences and hospitality, while ensuring full legal Home Office compliance.
The launch of Immpact follows over two years of advanced legal-tech development. Using the immigration law expertise of Founder and Managing Director, Jonathan Beech, and his team of specialists, the platform will help unite a previously disconnected global talent market with under-resourced UK employers and transform global workplace migration. Immpact has also been developed through discussions with hundreds of employers, industry bodies and overseas talent.
With job scams – from fake jobs to illegal fees for sponsor licences – ongoing, particularly in the social and healthcare sector, Immpact will ensure only pre-qualified talent, employers and recruitment firms are placed on its platform following stringent multi-layer checks. This will ensure that all jobs and talent are qualified and genuine along with thoroughly regulated employers and recruiters, to provide a global marketplace for talent.
Jonathan Beech, Founder and Managing Director of Immpact, said: “Through my existing business running Migrate UK, I’m acutely aware of the issues that UK employers and recruiters are having in trying to fulfil talent shortages across sectors such as care, healthcare and life sciences. I also regularly hear terrible stories of genuine overseas job hunters being ripped off in their home countries or the UK by job scammers, often running to thousands of pounds.
“I knew there had to be a better way to match pre-qualified overseas talent with genuine work opportunities and responsible UK employers – effectively a ‘talent’ match-making site which is designed to eradicate scammers to provide a global, trusted marketplace for talent.”
Following the latest government immigration rule changes, overseas recruitment costs are continuing to rise for businesses struggling with talent shortages. From 4 April 2024, the minimum salary for entering the new skilled visa worker route for the first time increased by 48%, from £26,200 to £38,700 a year. There are different rates for those already holding a skilled worker certificate of sponsorship prior to this date and discounts are available for key shortage roles on the Immigration Salary List (ISL).
Immpact will benefit employers and recruiters by saving them time and money. Working with recruitment experts to analyse existing overseas recruitment workflows, Immpact has calculated that it will save 50% of the time involved in managing overseas recruitment, helping to cut down the time-consuming filtering of applications traditionally needed.
For employers traditionally looking to recruit overseas applicants, previous data from industry recruitment software specialists show that 30% of overseas applications are rejected as they do not have the right to work, while 64% are rejected due to CVs being unclear or requirements not being met. This leaves just 6% of applications remaining, which results in about 2% then being interviewed. Immpact will automatically present only suitable pre-qualified applications to employers or recruiters, eradicating wasted time on unsuitable or unqualified applicants.
Beech continues: “Following thousands of hours of development and utilising the latest advanced technology which can adapt to evolving Home Office requirements and procedures, we’re proud to launch Immpact. Our unique new platform takes care of the entire process – from pre-qualifying processes, searching and shortlisting, down to arranging interviews, successful appointments, onboarding, the provision of regular content and guidance, and access to regulated immigration legal professionals.
“Our new technology will transform global migration for both UK organisations and businesses struggling to recruit and global talent looking to work in the UK. Immpact has been thoroughly tested at every stage and is both user-friendly and, crucially, compliant, so qualified overseas applicants and UK employers and recruiters can be confident that only genuine UK jobs and overseas applicants match and proceed. Quite simply, we want Immpact to simplify the whole migration process by putting the right talent in the right place at the right time, and for UK employers to fulfil critical talent shortages which will help them not only survive, but thrive.”
The platform has a free trial or low-cost subscriber options for search-matching and more for employers and recruiters. For talent, the platform has zero costs for creating a profile, using the pre-qualifying tools or searching for opportunities. For further information visit www.immpact.ai.
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