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Cloud Monitoring Market Analysis : Virtual Scaling Strategies of Companies to Elicit Demand for Cloud Monitoring

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Cloud Monitoring Market Analysis : Virtual Scaling Strategies of Companies to Elicit Demand for Cloud Monitoring

Cloud Monitoring Market Analysis

The global cloud monitoring market is expected to surge at 12% CAGR from 2017 to 2023 owing to emergence of various cloud data centers. The integration of cloud computing in business processes by major corporations and enterprises to scale extensively is likely to bolster the market demand till 2023. Cloud monitoring offers tools to manage and monitor workflow and processes within a cloud infrastructure. It offers business solutions in the form of three models, namely Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS).

Adoption of cloud across industry verticals such as retail, IT, and BFSI is expected to work in favor of the cloud monitoring market. The shift towards digitization amid growing demands from customers can spur the market demand. Advantages of cost effectiveness, flexibility, and high performance are likely to drive the adoption rate of cloud monitoring.

Segmentation Analysis

By component, the market is segmented into solution and services. Both component in cloud monitoring can generate significant revenue for the market.

By service model, the market is segmented into IaaS, SaaS, and PaaS. The SaaS segment is likely to expand at a rapid pace owing to adoption of solutions such as enterprise resource management, human capital management, and customer relationship management in large organizations. In addition, highest levels of data security offered by the solution combined with preference of buyers towards SaaS solutions can augur well for the cloud monitoring market. The PaaS segment is expected to thrive in the cloud monitoring market owing to adoption of Kubernetes for scaling and management of containerized solutions. Recently, LogicMonitor introduced two solutions, Kubernetes container monitoring and LMService Insight for managing dynamic environments.

Regional Analysis

By region, the cloud monitoring market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, North America will remain supreme in the market over the forecast period owing to increasing use of cloud technology and cloud business models that are extremely embracing in large enterprises and SMEs is prognosticated to fuel the growth of the market exponentially. The cloud monitoring market in the APAC region is poised to expand at a robust rate due to increasing adoption of cloud monitoring by large enterprises. Introduction of different cloud solutions through leading brands namely Amazon along with the push by nations for digitization in this region is projected to bode well for the market regionally.

Key Players

Leading players profiled in the cloud monitoring market include Zenoss Inc., SevOne Inc., Cloudyn, CA, Inc., SolarWinds Worldwide, LLC., IDERA, Inc., Kaseya Limited, LogicMonitor, Inc., Opsview Ltd., Dynatrace LLC, and Datadog, Inc.

April 2019- Rohde & Schwarz recently declared that they are expanding their R&S PRISMON product portfolio by including R&S PRISMON.cloud. This is a A/V OTT cloud-based monitoring solution which content providers and broadcasters can quickly deploy and devoid of any dedicated hardware.

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R),a Continuous-Feed Research (CFR), and Market Research and Consulting Services.
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