Market Analysis
As per the analysis by Market Research Future Reports (MRFR), the global cloud monitoring market is estimated to expand at a CAGR of 21.33% during the review period. The global cloud monitoring market is likely to expand during COVID-19, due to the reliance of work within the cloud-based technologies. The inclination towards digitization will aid the market to surge. Several benefits of cost-effectiveness, high performance, flexibility are likely to influence the cloud monitoring market 2020 at a global level. The adoption of cloud across several sectors like BFSI, retail, and IT is estimated to propel the market. Major companies have integrated cloud computing in their operations, which aids the market extensively to expand during the review period.
Moreover, increasing data breaches have also resulted in the fast adoption of cloud-based techniques. The companies are spending enormously on research and development to offer a seamless experience to their consumers. Compliance requirements are the most crucial factor which influences the cloud monitoring market since these solutions would offer efficient controls that help in meeting such compliances. On the other hand, the issues related to limited cloud visibility can act as an obstruction in the expansion of the market. They may prevent the end-users from adopting these solutions.
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Key Players
The most important players in the global cloud monitoring market are SolarWinds Worldwide, CA, Inc. (U.S.), LLC. (U.S.), IDERA, Inc. (U.S.), Dynatrace LLC (U.S.), SevOne Inc. (U.S.), Zenoss Inc. (U.S.), Cloudyn (Israel), Datadog, Inc. (U.S.), LogicMonitor, Inc. (U.S.), Kaseya Limited (U.S.), and Opsview Ltd. (U.S.).
Market Segmentation
The global cloud monitoring market can be segregated based on organization size, component, service model, industry, and region.
On the basis of organization size, the global cloud monitoring market can be segregated into large enterprises and SMEs.
On the basis of components, the global cloud monitoring market can be segregated into services and solutions. The service can further be sub-divided into consulting, support and maintenance, integration and deployment, and training.
On the basis of service model, the global cloud monitoring market can be segregated into Platform as a Service (PaaS), Software as a Service (SaaS), and Infrastructure as a Service (IaaS).
On the basis of industry, the global cloud monitoring market can be segregated into healthcare, government, manufacturing, defense, BFSI, telecommunications, media and entertainment, and many more.
On the basis of region, the global cloud monitoring market can be divided into North America, Europe, Asia Pacific, and the Rest of the World (RoW).
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Regional Analysis
The geographical analysis of North America, Europe, Asia Pacific, and the Rest of the World (RoW) has been performed. As per the analysis, the North American market is likely to lead the cloud computing market during the review period. The region has shown the fast adoption of cloud-based technologies in large enterprises and SMEs. Besides, the increasing data breaches and other cyber-threats have significantly influenced the market in the region. The market is likely to expand exponentially in the forthcoming period. The APAC region is estimated to show a robust expansion due to the massive adoption of cloud-based technologies by large enterprises. It is estimated to be one of the fastest-growing regions owing to the presence of the fastest emerging economies like India and China. Apart from this, the reputed brands such as Amazon have launched various cloud solutions in the region. It is estimated to expand the market in the forthcoming period. The European region is likely to expand at a good pace owing to the fast adoption of cloud-based technologies. The RoW is estimated to exhibit decent growth during the forecast period.
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