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
- 2023-04-27
- 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.
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