Press release
IT Infrastructure Monitoring Market 2024 - Delving into Size, Conducting Industry Analysis, Refining Segmentation, and Strategically Forecasting Till 2033
IT Infrastructure Monitoring Market
The Business Research Company offers in-depth market insights through IT Infrastructure Monitoring Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The it infrastructure monitoring market size has grown steadily in recent years. It will grow from $24.54 billion in 2023 to $25.73 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to cost and operational efficiency, real-time insights, scaling of operations, performance optimization needs, increased dependency on digital infrastructure..
The it infrastructure monitoring market size is expected to see strong growth in the next few years. It will grow to $31.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to data privacy and governance concerns, remote workforce monitoring, automation and orchestration, edge computing monitoring needs, focus on aiops and ai-driven analytics.. Major trends in the forecast period include observability and comprehensive insights, embrace of devops practices, real-time and dynamic monitoring, containerization and microservices monitoring, shift to proactive monitoring..
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Market Segmentation:
The it infrastructure monitoring market covered in this report is segmented -
1) By Types: Bundled Software, Individual Software
2) By Deployment: Cloud It Infrastructure Monitoring, On-Premise It Infrastructure Monitoring
3) By Applications: Small And Medium Enterprises, Large Enterprises
4) By End-User Vertical: Public Sector, IT And Telecom, Healthcare, Transportation, Banking, Financial Serviceand Insurance (BFSI), Aerospace And Defense, Other End-User Verticals
Major Driver - Cloud Adoption Fuels Growth Of It Infrastructure Monitoring Market
The increasing adoption of cloud-based solutions by companies is expected to propel the growth of the IT infrastructure monitoring market in the coming years. Cloud-based solutions refer to a cloud-based system, commonly termed ""cloud computing,"" which is a phrase for anything that involves the internet-based delivery of hosted services. A cloud may be both public and private. Cloud computing is preferred by many companies as it allows for quick access to adaptable and affordable IT resources without requiring significant up-front hardware investments or time-consuming installation and maintenance and IT resources can swiftly scale up or down with the properties of cloud solutions to match business demands. For instance, according to Zippia Inc., a US-based company that provides online recruitment services, United States cloud spending is expected to reach $90 billion by the end of 2022, which is 27.8% higher than in 2021. Similarly, 61% of businesses migrated their workloads to the cloud in 2020 alone and as of 2022, 60% of all corporate data is stored in the cloud. Therefore, the increasing adoption of cloud-based solutions by companies is driving the growth of the IT infrastructure monitoring market.
Competitive Landscape:
Major companies operating in the it infrastructure monitoring market report are CA Technologies, Splunk Inc., Nagios Enterprises LLC, AppDynamics Inc., ScienceLogic Inc., Spiceworks Inc., Datadog Inc., SevOne Inc., PagerDuty Inc., Zabbix LLC, LogicMonitor Inc., Microsoft Corporation, Pure Technologies Ltd., Centreon, Hewlett Packard Enterprise, IBM Corporation, SolarWinds Inc., Sumo Logic, Micro Focus, ManageEngine (Zoho Corp), Cisco Systems Inc., Dynatrace Inc., Pulseway, BMC Software Inc., Oracle Corporation, VMware Inc., Dell Technologies Inc., Riverbed Technology Inc., NetApp Inc., Huawei Technologies Co. Ltd., Fujitsu Ltd., NEC Corporation, Hitachi Ltd., Infosys Limited .
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Top Trend - Innovation Drives Transformation In It Infrastructure Monitoring Market
Product innovation is a key trend gaining popularity in the IT infrastructure monitoring market. Major companies operating in the IT infrastructure monitoring market materials market are focused on developing innovative products to strengthen their position in the market. For instance, in May 2021, Splunk Inc., a US-based software company that creates software for monitoring, searching and analyzing data generated by machines, launched the new Splunk® Observability Cloud, the only enterprise-grade, full-stack, analytics-powered Observability solution available. The Splunk Observability Cloud allows IT and DevOps teams to receive all of their answers in a single interface with metrics, traces and logs - all data collected in real-time, at any size and without sampling. The Splunk Observability Cloud assembles the top-tier products available today for infrastructure monitoring, application performance management, real-user monitoring, synthetic monitoring, log investigation and incident response.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. IT Infrastructure Monitoring Market Characteristics
3. IT Infrastructure Monitoring Market Trends And Strategies
4. IT Infrastructure Monitoring Market - Macro Economic Scenario
5. IT Infrastructure Monitoring Market Size And Growth
…..
27. IT Infrastructure Monitoring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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