The global cloud monitoring market is expected to surge at 12% CAGR from 2017 to 2023 owing to emergence of various cloud data centers. The integration of cloud computing in business processes by major corporations and enterprises to scale extensively is likely to bolster the market demand till 2023. Cloud monitoring offers tools to manage and monitor workflow and processes within a cloud infrastructure. It offers business solutions in the form of three models, namely Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS).
Adoption of cloud across industry verticals such as retail, IT, and BFSI is expected to work in favor of the cloud monitoring market. The shift towards digitization amid growing demands from customers can spur the market demand. Advantages of cost effectiveness, flexibility, and high performance are likely to drive the adoption rate of cloud monitoring.
Segmentation Analysis
By component, the market is segmented into solution and services. Both component in cloud monitoring can generate significant revenue for the market.
By service model, the market is segmented into IaaS, SaaS, and PaaS. The SaaS segment is likely to expand at a rapid pace owing to adoption of solutions such as enterprise resource management, human capital management, and customer relationship management in large organizations. In addition, highest levels of data security offered by the solution combined with preference of buyers towards SaaS solutions can augur well for the cloud monitoring market. The PaaS segment is expected to thrive in the cloud monitoring market owing to adoption of Kubernetes for scaling and management of containerized solutions. Recently, LogicMonitor introduced two solutions, Kubernetes container monitoring and LMService Insight for managing dynamic environments.
By organization, the market is segmented into large and small & medium enterprises (SME). Among these, the large enterprise segment is predicted to garner significant revenues for the market.
End-users of cloud monitoring include media & entertainment, manufacturing, defense, government, telecommunications, healthcare, and BFSI. The BFSI segment is likely to contribute massively to the cloud monitoring market by 2023. This can be credited to the acceptance of cloud technology by financial institutions to provide rapid response to customers and expedite product development cycles. Changing regulatory policies amid launch of new technologies, fintech companies require smart approaches to reduce operational costs. This move can be monumental for the cloud monitoring market.
Regional Analysis
North America is touted to dominate the cloud monitoring market over the forecast period. Rapid adoption of cloud technology is expected to provide the region with first mover advantage and cater to demands of customers. Embracing cloud business models in SMEs and large enterprises is likely to boost the cloud monitoring market demand exponentially.
The Asia Pacific (APAC) region is anticipated to grow at a robust pace owing to enmasse adoption by large enterprises. Launch of various cloud solutions by reputed brands such as Amazon coupled with the push for digitization by nations in the region is likely to bode well forth cloud monitoring market regionally.
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According to a new market research report "Cloud Monitoring Market by Component (Solution and Services (Integration and Deployment, Support and Maintenance, and Training and Consulting)), Service Model, Organization Size, Industry, and Region - Global Forecast to 2022" published by MarketsandMarkets™ , the Cloud Monitoring Market is expected to grow from USD 821.4 Million in 2017 to USD 1,976.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 19.2%.The increasing number of security threats and data breaches have propelled the adoption of cloud monitoring solutions.
Cloud monitoring offerings provide enhanced security capabilities and insights that help to efficiently detect and prevent vulnerabilities.
Maintenance services facilitate upgrades to the existing systems and provide assistance for solving issues related to products.
SaaS is also known as an on-demand software or application solution.
North America is estimated to have the largest market size in 2017, owing to the presence of a large number of vendors and rapid adoption of cloud-based solutions in this region.
The primary driving forces for this growth are the increasing awareness and adoption of cost-effective and scalable cloud-based solutions in this region.Request Sample Pages of this report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=252477280The report also includes different strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to increase their shares in the market.
According to a new market research report "Cloud Monitoring Market by Component (Solution and Services (Integration and Deployment, Support and Maintenance, and Training and Consulting)), Service Model, Organization Size, Industry, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the Cloud Monitoring Market expected to grow from $ 821.4 Million in 2017 to $ 1,976.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 19.2%.The increasing number of security threats and data breaches have propelled the adoption of cloud monitoring solutions.
Cloud monitoring offerings provide enhanced security capabilities and insights that help to efficiently detect and prevent vulnerabilities.
Maintenance services facilitate upgrades to the existing systems and provide assistance for solving issues related to products.
SaaS is also known as an on-demand software or application solution.
North America is estimated to have the largest market size in 2017, owing to the presence of a large number of vendors and rapid adoption of cloud-based solutions in this region.
The primary driving forces for this growth are the increasing awareness and adoption of cost-effective and scalable cloud-based solutions in this region.Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=252477280The report also includes different strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to increase their shares in the market.
Market ScopeThe global cloud monitoring market is expected to surge at 12% CAGR from 2017 to 2023 owing to emergence of various cloud data centers.
The integration of cloud computing in business processes by major corporations and enterprises to scale extensively is likely to bolster the market demand till 2023.
Advantages of cost effectiveness, flexibility, and high performance are likely to drive the adoption rate of cloud monitoring.Key Players:Some of the major players in the global cloud monitoring market are CA, Inc. (U.S.), SolarWinds Worldwide, LLC.
(U.S.), Dynatrace LLC (U.S.), IDERA, Inc. (U.S.), SevOne Inc. (U.S.), Cloudyn (Israel), Zenoss Inc. (U.S.), Datadog, Inc. (U.S.), Kaseya Limited (U.S.), LogicMonitor, Inc. (U.S.), and Opsview Ltd. (U.S.).Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/5161Segmentation AnalysisBy component, the market is segmented into solution and services.
The SaaS segment is likely to expand at a rapid pace owing to adoption of solutions such as enterprise resource management, human capital management, and customer relationship management in large organizations.
In addition, highest levels of data security offered by the solution combined with preference of buyers towards SaaS solutions can augur well for the cloud monitoring market.
