The global AIops Platform market was valued at US$ 1.27 billion in 2016. By 2025, the market is projected to reach US$ 20.4 billion with a CAGR of 36.2% in the forecast period, according to a new market research report Global AIops Platform Market Report, by Component (Platform, Services), by Organization Size (Small and Mid-size Companies and Large Enterprises), by Vertical( Banking, Financial Services, and Insurance, Healthcare and Life Sciences, Retail and Consumer Goods, IT and Telecom, Government, Manufacturing, Media and Entertainment and Others), and by Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa).
High adoption of machine learning in the healthcare industry has fueled demand for Artificial Intelligence for IT operation platform in the healthcare industry. Accuracy is a major concern in the healthcare sector. Machine learning offers accurate diagnosis of diseases and efficient healthcare services, which in turn has augmented demand for machine learning in healthcare sector. For instance, diagnosis of diabetic eye disease requires frequent examination of pictures at the back of an eye that helps to identify sensitivity of disease characterized by fluid leakage and bleeding.
Moreover, in 2016, Google developed a deep learning algorithm, which analyzes images and provides training to the system by using a data set of 128,000 images. Thus, the system diagnoses the disease with a high level of accuracy. Furthermore, Google Inc. is developing a deep learning algorithm for early diagnosis of skin cancer and breast cancer. Such R&D activities in machine learning fuels the demand for Artificial Intelligence for IT operation platform, which in turn is expected to propel growth of the global AIops Platform market.
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