Cloud Monitoring Market Analysis By component (Solution, Services), By service (Integration and Deployment, Support and Maintenance, Training and Consulting), By organization size (Small and Medium-Sized Enterprises (SMEs), Large Enterprises) & Forecast
- PUBLISHED ON
- 2024-04-27
- NO OF PAGES
- 257
- CATEGORY
- Information Communication & Technology
The global Cloud Monitoring market size was valued at USD 1.5 billion in 2022 and is expected to reach USD 4.4 billion by 2032, at a CAGR of 24.6% during the forecast period.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 1.5 Billion |
Market Forecast in 2032 | USD 4.4 Billion |
CAGR % 2023-2031 | 24.6% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2031 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | By Component, By Services, By Organization Size |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Dynatrace, Datadog, SolarWinds, Zabbix, Idera, Amazon Web Services (AWS), Google LLC, IBM Corporation, Microsoft Corporation, BMC Software, Inc., Cisco Systems, Inc., VMware, Inc., New Relic, Inc., Splunk Inc., Netdata Inc. |
Driver: Growing adoption of cloud services by enterprises is propelling Cloud Monitoring Market growth.
One market driving factor for the Cloud Monitoring market is the increasing adoption of cloud services by enterprises. With the growing popularity of cloud-based solutions, more and more companies are turning to cloud services to store and manage their data, applications, and infrastructure. However, as enterprises move to the cloud, they need to ensure that their systems and applications are running smoothly and efficiently, which has led to the demand for cloud monitoring solutions. Cloud monitoring solutions allow enterprises to monitor their cloud-based infrastructure, applications, and services in real-time, providing visibility into performance, availability, and security. This helps enterprises to quickly identify and address any issues, optimize resource utilization, and improve overall performance, which in turn drives the growth of the cloud monitoring market. Furthermore, as more enterprises adopt a hybrid cloud approach, which involves the use of both public and private cloud environments, the need for cloud monitoring solutions that can monitor and manage these complex environments is increasing. This is also driving the growth of the cloud monitoring market.
 
Segmentation:
By component, the market can be segmented into:
• Solution
• Services
By service, the market can be segmented into:
• Integration and Deployment
• Support and Maintenance
• Training and Consulting
By organization size, the market can be segmented into:
• Small and Medium-Sized Enterprises (SMEs)
• Large Enterprises
Geographical Analysis:
North America dominates the cloud monitoring market due to the high adoption of cloud-based solutions across industries. The presence of major players such as IBM, Microsoft, and Oracle in the region further fuels market growth. For instance, in 2020, Microsoft announced the launch of its new Azure Monitor to help customers monitor, diagnose and gain insight into their applications and infrastructure deployed on Azure.
Europe is also a significant market for cloud monitoring due to the increasing adoption of cloud-based services in the region. The demand for cloud monitoring solutions is growing in Europe due to the rise in security concerns. The growth of e-commerce, banking, and healthcare sectors in the region also contributes to market growth. For example, in 2020, Dynatrace, a software intelligence company, expanded its partnership with Google Cloud to provide customers with better cloud observability.
The cloud monitoring market in Asia Pacific is expected to witness significant growth due to the increasing adoption of cloud-based solutions by small and medium-sized enterprises (SMEs) in the region. The presence of several cloud service providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP) further fuels market growth. In 2020, Google Cloud announced its partnership with Palo Alto Networks to provide a comprehensive security solution for multi-cloud environments.
The cloud monitoring market in Latin America is expected to grow significantly due to the increasing adoption of cloud-based solutions in the region. The rise in e-commerce and digital payments further contributes to market growth. In 2020, AWS launched its new AWS Direct Connect location in Buenos Aires, Argentina, to provide customers with secure and dedicated access to their cloud resources.
The Middle East and Africa region is also expected to witness significant growth in the cloud monitoring market due to the increasing adoption of cloud-based solutions in the region. The rise in digital transformation initiatives, such as smart city projects, further contributes to market growth. In 2020, Dubai Municipality, the government body responsible for the planning and development of Dubai's public infrastructure, announced its partnership with Microsoft to enhance the efficiency and speed of its services through cloud-based solutions.
Recent Development: Global Cloud Monitoring Market
• Datadog, a cloud monitoring company, announced an integration with Microsoft Azure DevOps, a collaboration platform for software development. This integration enables users to view and analyze Datadog monitoring data directly in Azure DevOps.
• Splunk, a data analysis software company, acquired SignalFx, a cloud monitoring and observability company, for USD 1.05 billion. This acquisition enhances Splunk's ability to provide end-to-end observability across cloud-native environments and applications.
• Amazon Web Services (AWS) launched CloudWatch Synthetics, a service that enables users to monitor their applications and APIs using customizable tests that simulate real-world scenarios. This service is designed to help users detect and diagnose issues before they impact customers.
• New Relic, a cloud monitoring company, announced the general availability of New Relic Logs, a service that enables users to collect, store, and analyze logs from their applications and infrastructure. This service provides users with real-time insights into the health and performance of their systems.
• Dynatrace, a software intelligence company, introduced new capabilities for Kubernetes monitoring. These capabilities enable users to automate the monitoring and management of their Kubernetes environments, providing them with real-time insights into the health and performance of their systems
Company Profiles:
• Dynatrace
• Datadog
• SolarWinds
• Zabbix
• Idera
• Amazon Web Services (AWS)
• Google LLC
• IBM Corporation
• Microsoft Corporation
• BMC Software, Inc.
• Cisco Systems, Inc.
• VMware, Inc.
• New Relic, Inc.
• Splunk Inc.
• Netdata Inc.
Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of Cloud Monitoring Market they are operating in or considering entering, and make more informed decisions based on data and analysis.
Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in Cloud Monitoring Market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
}})
Select a license type that suits your business needs
US $3499
Only Three Thousand Four Hundred Ninety Nine US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4499
Only Four Thousand Four Hundred Ninety Nine US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5499
Only Five Thousand Four Hundred Ninety Nine US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI