Cloud Monitoring Market Size, Development Strategy, Sales Revenue, Key Players, Business Growth, Future Trends, Opportunities and Regional Forecast to 2023
Market Research Future published a research report on “Global Cloud Monitoring Market Report- Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – March 27, 2019 /MarketersMedia/ —
Market Scenario
Cloud monitoring is the process of reviewing, monitoring and managing the operational workflow and processes within a cloud-based IT asset or infrastructure. It is the use of manual or automated IT monitoring and management techniques to ensure that a cloud infrastructure or platform performs optimally. In addition to monitoring and ensuring cloud infrastructure/solution/service availability, cloud monitoring data also helps in evaluating the performance of the entire infrastructure on a modular level. Properties such as server uptime and response rate report can help in evaluating customer/user experience.
The term cloud refers to a set of web-hosted applications that store and allow access to data over the Internet instead of on a computer’s hard drive. Businesses may use Software as a Service (SaaS) options to subscribe to business applications or rent server space to host proprietary applications to provide services to consumers. For consumers, simply using the Internet to view web pages, access email accounts on services such as Gmail, and store files in Dropbox are examples of cloud computing for consumers.
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Compliance requirements are the major growth drivers for the Cloud Monitoring Market as these solutions would provide effective controls that aid in meeting such compliances. However, concerns related to limited cloud visibility may prevent the end-users from adopting these solutions.
The security of any solution that requires public connectivity is the most important thing. Using a cloud network monitoring solution requires a great amount of trust being placed in the cloud provider. Unlike in-house network monitoring solutions which can be isolated from a public network, cloud-based solutions inherently have a wider attack surface.
The global Cloud Monitoring Market is expected to grow at CAGR 12% through the forecast period
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.).
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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Intended Audience:
• Software Developers
• Software Providers
• Application Developers
• Hardware Providers
• System integrators
• Government and standardization bodies
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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.
Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 495927
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