Cloud Monitoring Market Size, Perceives A Fabulous Growth Prospects; Unleashed Market Insights Till 2023
January 22, 2020 by Market-NewsFlash
The global cloud monitoring market is likely to grow at an impressive 12% CAGR over the forecast period (2017–2023). Cloud monitoring is a process to evaluate, monitor and manage cloud-based services, infrastructure and applications. It has several moving parts and thus it is vital to make sure everything works seamlessly for optimizing performance.
There are abundant factors that is propelling the growth of the cloud monitoring market. These factors as per the Market Research Future (MRFR) report include compliance requirements, its adoption across industry verticals, increasing number of data breaches and security threats, constant advancement in technology in monitoring technologies and different benefits of cloud computing namely flexibility, scalability, performance and cost effectiveness.
MRFR report offers a broad segmental analysis of the cloud monitoring market on the basis of component, service model, organization size, and end-user.
Based on component, it is segmented into services and solution. Services is further segmented into training and consulting, support and maintenance and integration and deployment.
Based in service model, the cloud monitoring market is segmented into Platform as a Service (PaaS), Infrastructure as Service (IaaS) and Software as a Service (SaaS). Of these, the SaaS segment is expected to grow at a rapid pace due to adoption of these solutions- customer relationship management, human capital management and enterprise resource management in large organizations.
Data security of the highest levels provided by the solution coupled with buyer’s preference for SaaS solution will boost the cloud monitoring market. This will be followed by PaaS which is predicted to thrive in the market due to use of Kubernetes both for management and scaling of containerized solutions. Lately, LogicMonitor has come up with two solutions, LMService Insight and Kubernetes container monitoring to manage dynamic environments.
Based on organization size, it is segmented into large enterprises and small and medium enterprises (SME). Of these, large enterprises will garner maximum share in the market over the forecast period.
Based on end-users, it is segmented into BFSI, healthcare, telecommunications, government, defense, manufacturing, media and entertainment. Of these, BFSI will dominate the market over the forecast period owing to cloud technology acceptance by financial institutions for offering customers with rapid response and expediating product development cycles. Transforming regulatory policies between the launch of any novel technology, fintech companies need smart approaches for reducing operational costs. In fact, this move can prove monumental for the market.
By region, the cloud monitoring market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, North America will remain supreme in the market over the forecast period owing to increasing use of cloud technology and cloud business models that are extremely embracing in large enterprises and SMEs is prognosticated to fuel the growth of the market exponentially.
Brows More Information@ https://www.marketresearchfuture.com/reports/cloud-monitoring-market-5161
Leading players profiled in the cloud monitoring market include Zenoss Inc., SevOne Inc., Cloudyn, CA, Inc., SolarWinds Worldwide, LLC., IDERA, Inc., Kaseya Limited, LogicMonitor, Inc., Opsview Ltd., Dynatrace LLC, and Datadog, Inc.
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