The report is titled ‘Cloud Monitoring Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the cloud monitoring market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The cloud monitoring market is expected to grow at a significant rate in the near future.
The global cloud monitoring market in 2020 is estimated for more than US$ 1,376.7 Mn and is expected to reach a value of US$ 5,662.7 Mn by 2028 with a significant CAGR of 19.4%.
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Cloud Monitoring Market Definition
The cloud monitoring process comprises of monitoring, reviewing and management of operational workflow and processes; within a cloud-based IT infrastructure. Cloud monitoring functions with the help of a number of tools that guide the servers, resources, and applications running the applications. These tools are available in two sources, namely, in-house tools from the cloud provider and tools from independent SaaS providers. Cloud monitoring tools are generally employed in order to protect businesses from delivering services to their clients. These tools generally offer data on customer behavior, performance, and security.
Cloud Monitoring Market Dynamics
Drain adoption of multiple cloud platforms, compliance requirements, and lack of actually monitoring are the prime factors boosting the growth of the cloud monitoring market, globally. Moreover, the increasing needs for effective security management coupled with the modifications in the performance of the cloud is also driving the demand for cloud monitoring technology. However, availability and issues related to limited cloud visibility and lack of data security are the factors that may restrict the growth of this market.
The #cloudmonitoring market is expected to increase at a significant CAGR over the forecast period owing to the Advancement in technology, increasing adoption of cloud monitoring software amongst small and medium-sized enterprises, and lack of appropriate monitoring. Additionally, the adoption of cloud-based services for numerous tasks is creating an excellent market opportunity.
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Cloud Monitoring Market Key Players
The global cloud monitoring market is mainly dominated by CA, Inc., Cloudyn, Datadog, Inc., Dynatrace LLC, IDERA, Inc., Kaseya Limited, LogicMonitor, Inc., Opsview Ltd., SevOne Inc., SolarWinds Worldwide, LLC and Zenoss Inc.
Cloud Monitoring Market Segmentation
The global cloud monitoring market is segmented on the basis of components, service models, organization size, industry, and region.
On the basis of components, the global cloud monitoring market can be segmented into solutions and services; the service segment is further fragmented into integration & deployment, support & maintenance, and training & consulting. On the basis of the service model, the global cloud monitoring market can be segmented into SaaS, PaaS, and IaaS. On the basis of organization size, the global cloud monitoring market can be segmented into small & medium-sized enterprises and large enterprises. On the basis of Industry, the global cloud monitoring market can be segmented into BFSI, government & defense, healthcare & life sciences, manufacturing, media & entertainment, retail & consumer goods, telecommunications & ITES, and others.
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By Security Levels
• Security Level-1
• Security Level-2
• Security Level-3
• Security Level-4 to 8
By Application
• Defense & VIP Vehicles
• ATM Booths & Teller Stations
• Cash-In-Transit Vehicles
• Commercial Buildings
• Government & Law Enforcement
• Others
By End User
• Automotive
• Military
• Banking & Finance
• Construction
• Others
Cloud Monitoring Market Regional Overview and Analysis
On the basis of region, the global cloud monitoring market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America cloud monitoring market is expected to be the most dominating market throughout the forecast period; followed by the Asia Pacific and Europe. Cost-effectiveness factor, increasing dependency on software-as-a-service coupled with cloud services, and modernization in computing technology are fuelling the growth of this market. However, the increasing prevalence of unified monitoring and lack of data security turns out to be the major challenges of the cloud monitoring market.
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