Market Analysis:
The global cloud monitoring market size is predicted to develop at a 21.33% CAGR between 2020- 2027 states the recent Market Research Future (MRFR) analysis. Cloud monitoring, simply put, is a process to evaluate, monitor, and manage different cloud-based services, infrastructure, and applications. Different forms of cloud monitoring methods are being used by various organizations that comprise virtual machine monitoring, cloud storage monitoring, virtual network monitoring, website monitoring, and database monitoring. Along with offering monitoring and solutions, cloud monitoring also helps in facilitating performance evaluation for that complete infrastructure on a modular level.
Various factors are propelling the global cloud monitoring market share. As per the current MRFR report, such factors include the inclination towards digitalization, rising adoption of cloud across different sectors such as IT, retail, and BFSI, and the reliance of work within the cloud-based technology during the COVID-19 outbreak.
On the contrary, high service costs, scarcity of high technological expertise needed for the right functioning of cloud-based monitoring services, and issues associated with cloud visibility are factors that may limit the global cloud monitoring market growth over the forecast period.
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Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global cloud monitoring market based on industry, organization size, service model, and component.
By component, the global cloud monitoring market is segmented into services and solutions. The services segment is further segmented into training and consulting, support and maintenance, and integration and deployment. Of these, support and maintenance will lead the market over the forecast period. Rising deployment of such solutions is adding to the growth of the segment.
By service model, the global cloud monitoring market is segmented into software as a service (SaaS), Infrastructure as a Service (IaaS), and platform as a service (PaaS). Of these, the IaaS segment will dominate the market over the forecast period.
By organization size, the global cloud monitoring market is segmented into large enterprises and SMEs.
Regional Analysis
Based on region, the global cloud monitoring market report covers the recent trends and growth opportunities across North America, the Asia Pacific (APAC), Europe, & the Rest of the World (RoW). Of these, North America will spearhead the market over the forecast period. Fast adoption of cloud-based technologies in SMEs and large enterprises, rising data breaches & other cyber-threats, and the shifting of data of cloud infrastructure in Canada and the US are adding to the global cloud monitoring market growth in the region.
The global cloud monitoring market in Europe is predicted to hold the second-largest share over the forecast period. Quick adoption of cloud-based technologies is adding to the global cloud monitoring market growth in the region.
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The global cloud monitoring market in the APAC region is predicted to grow at a fast pace over the forecast period. Technological advances, substantial implementation of economical cloud-based arrangements, the presence of fast-emerging economies such as China and India, and the launch of various cloud solutions by Amazon are adding to the global cloud monitoring market growth in the region.
The global cloud monitoring market in the RoW is predicted to have sound growth over the forecast period.
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Key Players
Eminent players profiled in the global cloud monitoring market report include Opsview Ltd. (U.S.), LogicMonitor, Inc. (U.S.), Kaseya Limited (U.S.), Datadog, Inc. (U.S.), Zenoss Inc. (U.S.), Cloudyn (Israel), SevOne Inc. (U.S.), IDERA, Inc. (U.S.), Dynatrace LLC (U.S.), SolarWinds Worldwide, LLC. (US), and CA, Inc. (US). Industry players have encompassed multiple strategies to stay ahead in the competition and also cater to the customers' burgeoning requirements. A few of these strategies used include acquisitions and mergers, new product development and launches, partnership, joint ventures and collaborations, extensive R&D, and more.
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