USD 1.81 billion
Report ID:
SQMIG45B2057 |
Region:
Global |
Published Date: July, 2024
Pages:
197
|Tables:
65
|Figures:
75
Global cloud monitoring market size was valued at USD 2.01 billion in 2022 and is poised to grow from USD 2.41 billion in 2023 to USD 10.22 billion by 2031, growing at a CAGR of 19.80% in the forecast period (2024-2031).
The global cloud monitoring market is experiencing significant growth due to the increasing adoption of cloud computing and the need for efficient monitoring and management of cloud-based infrastructure. The market is driven by factors such as the growing complexity of cloud environments, the need for real-time visibility into cloud performance, and the rising demand for proactive monitoring to ensure service availability and performance.
Cloud monitoring solutions offer features such as automated monitoring, scalability, and big data security, catering to the evolving needs of organizations across various industries. Additionally, the market is fueled by the adoption of hybrid and multi-cloud architectures, which require robust monitoring solutions for seamless management.
Key players in the market are investing in advanced monitoring technologies and strategic partnerships to strengthen their market position and provide comprehensive cloud monitoring solutions to customers.
US Cloud Monitoring Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.81 billion
Largest Segment
Service Model
Fastest Growth
Service Model
Growth Rate
22.5% CAGR
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The global cloud monitoring market is segmented by type, application, and region. Based on type, the market can be segmented into infrastructure monitoring, application monitoring, network monitoring, service monitoring, cloud storage monitoring, database monitoring, website monitoring, virtual network monitoring, and virtual machine monitoring. Based on service model, the market can be segmented into software as a service (application performance monitoring, web performance management), platform as a service (serverless architecture/function as a service monitoring, container/microservices monitoring), infrastructure as a service (server monitoring, internet of things monitoring). Based on organization size, the market can be segmented into small and medium-sized enterprises and large enterprises. Based on industry, the market is segmented into IT and infrastructure monitoring, security monitoring, log monitoring, performance monitoring, banking, financial services, and insurance, healthcare and life sciences, telecommunications, government and defence, manufacturing, retail and consumer goods, media and entertainment, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Cloud Monitoring Market Analysis by Type
The type segment of the global cloud monitoring market categorizes the different types of cloud monitoring solutions available in the market. This segment includes sub-segments such as infrastructure monitoring, application monitoring, network monitoring, and service monitoring.
The dominant sub-segment in the Type category is Infrastructure Monitoring. Infrastructure monitoring involves monitoring and managing the underlying cloud infrastructure, including servers, storage, and network components. This type of monitoring ensures the availability, performance, and security of the cloud infrastructure to support smooth operations and prevent downtime.
The fastest-growing sub-segment in the Type category is application monitoring. Application monitoring focuses on monitoring the performance and availability of cloud-based applications and services. It involves tracking metrics such as response time, error rates, and resource utilization to identify any issues or bottlenecks in the application's performance. With the increasing adoption of cloud-based applications and the need to ensure optimal user experience, application monitoring is becoming crucial for businesses. The growing demand for real-time insights into application performance and the need to proactively address issues drive the growth of the application monitoring sub-segment in the global cloud monitoring market.
Cloud Monitoring Market Analysis by Application
The application segment of the global cloud monitoring market refers to the different applications and use cases where cloud monitoring solutions are deployed. This segment includes sub-segments such as IT and infrastructure monitoring, security monitoring, log monitoring, and performance monitoring.
The dominant sub-segment in the application category is IT and infrastructure monitoring. This sub-segment involves monitoring and managing the health, performance, and availability of IT infrastructure components in the cloud environment. It includes monitoring servers, networks, databases, and other infrastructure elements to ensure their optimal functioning and identify any issues or bottlenecks that may impact the overall performance of the system.
The fastest-growing sub-segment in the Application category is security monitoring. With the increasing number of cyber threats and data breaches, organizations are focusing on enhancing their cloud security measures. Security monitoring involves monitoring and detecting any suspicious activities, vulnerabilities, or unauthorized access attempts in the cloud infrastructure. It helps organizations in identifying and responding to security incidents promptly, ensuring data protection and compliance with regulatory requirements. The rapid growth of cloud-based services and the increasing emphasis on data security drive the demand for security monitoring solutions in the global cloud monitoring market.
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One dominant region in the global cloud monitoring market is North America. The region is a major hub for technology innovation, with a high concentration of cloud service providers, enterprises, and data centers. North America benefits from advanced infrastructure, strong regulatory frameworks, and a high level of cloud adoption across various industries. The presence of key players, such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform, contributes to North America's dominance in the market. Additionally, the region's emphasis on data security, compliance, and real-time monitoring drives the demand for cloud monitoring solutions.
One of the fastest-growing regions in the global cloud monitoring market is Asia-Pacific. The region is experiencing rapid digital transformation, increasing adoption of cloud-based services, and a growing need for efficient cloud management and monitoring. Factors such as expanding internet penetration, rising investments in IT infrastructure, and the emergence of small and medium-sized enterprises (SMEs) contribute to the market's growth in the Asia-Pacific region. Moreover, the region's increasing focus on data privacy and compliance regulations, along with the proliferation of cloud-native applications, further fuels the demand for cloud monitoring solutions.
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Cloud Monitoring Market Drivers
Increasing Adoption Of Cloud Computing And Digital Transformation
Cloud Monitoring Market Restraints
Data Security And Privacy Concerns
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The global cloud monitoring market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of cloud monitorings. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions.
Cloud Monitoring Market Top Player’s Company Profiles
Cloud Monitoring Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global cloud monitoring market is experiencing rapid growth as organizations increasingly adopt cloud-based infrastructure and services. Cloud monitoring involves the tracking and management of cloud resources to ensure optimal performance, availability, and security. The market is driven by the growing demand for real-time visibility and control over cloud environments, the need for proactive monitoring and troubleshooting, and the rise in complex hybrid and multi-cloud architectures. Key players in the market are developing advanced monitoring solutions that offer comprehensive insights into cloud performance, resource utilization, and security. Additionally, the market is witnessing the integration of artificial intelligence and machine learning technologies to enhance monitoring capabilities. With the continuous expansion of cloud adoption, the global cloud monitoring market is expected to witness further growth in the coming years.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.01 billion |
Market size value in 2031 | USD 10.22 billion |
Growth Rate | 19.80% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Cloud Monitoring Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cloud Monitoring Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cloud Monitoring Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG45B2057