Unified Monitoring Market Growth, Technological Advancement, Development Status and Strategic Assess
Author : kranti pawar | Published On : 10 May 2022
The Unified Monitoring Market Growth is witnessing rapid revenue growth. Rising demand for innovative solutions to monitor the entire IT infrastructure, including physical, virtual, and cloud, drives the market growth. Besides, the increasing uptake of unified monitoring solutions to reduce service outages and enhance end-user & IT productivity, optimizing capital investment, and maintaining industry compliance substantiates market value.
The business community worldwide has long recognized that productivity and profitability depend upon the smooth functioning of the entire IT environment, especially as IT infrastructures become more complex. With the increasing need for improved fundamental business objectives and drives business value, the market is projected to witness significant traction in the next few years.
In this regard, Market Research Future (MRFR) states that the global unified monitoring market is poised to grow at a substantial CAGR during the assessment period (2020-2027). Unified monitoring saves time of IT staff they spend on manually monitoring the infrastructure, allowing them to accomplish profit-driving objectives.
Additionally, with accurate capacity planning metrics, organizations can leverage existing IT investments and predict future expenditures. Improving cloud computing capabilities and expanding cloud-based infrastructure across the globe push market growth.
Most industries rely on the internet for their day-to-day business operations, positively impacting the unified monitoring market size. Moreover, the growing uptake of unified monitoring capabilities in rising numbers of businesses accelerates the market shares.
Global Unified Monitoring Market -Segments
The market forecast is segmented into components, deployments, organization size, verticals, and regions. The component segment is categorized as solutions and services. The sub-segment solution is bifurcated as IT infrastructure monitoring, application monitoring, cloud monitoring, virtual environment monitoring, and others. The sub-segment service is bifurcated as professional services and managed services.
The deployment, the market is segmented into on-premise and on cloud. The organization size segment is sub-segmented into small & medium enterprises and large enterprises. The vertical segment is sub-segmented into BFSI, IT & telecom, government, healthcare, retail, and others. The region segment is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
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Global Unified Monitoring Market - Regional Analysis
North America accounts for the largest unified monitoring market share. The presence of many key technology providers and well-established IT and telecom industries across the region drive the market growth. Besides, augmenting demand and early adoption of cloud-based platforms and advanced unified monitoring solutions boost the market.
Many organizations in the region are shifting towards upgraded technologies with the increasing adoption of digital business strategies. Increased spending by organizations on IT infrastructures offers huge opportunities across industries in the region. Moreover, the demand for technology & services for unified monitoring of web applications, mobile applications, API, and SaaS applications influences market value.
Global Unified Monitoring Market - Competitive Analysis
Highly competitive, the unified monitoring market appears fragmented, with several matured players forming a competitive landscape. Market players initiate strategic approaches, such as mergers & acquisitions, collaborations, expansion, and product/technology development. They make substantial investments in developing products and expand global footprints.
Players leading the global unified monitoring market include CA Technologies (US), Dynatrace (US), AppDynamics (US), Zoho Corporation (US), Zenoss (US), Opsview (UK), Fata Informatica (Italy), GroundWork Open Source (US), Acronis (Europe), Paessler (Europe), SolarWinds (US), Op5(UK), Sciencelogic (US), Kaseya(US), Netvisor(UK), and CloudAware(US), among others.
Aug. 16, 2021 --- Cisco announced that it is acquiring Israeli applications-monitoring start-up Epsagon to beef up app monitoring. The purchase gives Cisco a more modern micro services-focused component for its growing applications-monitoring portfolio. Cisco is incorporating Epsagon into the existing components of the application-monitoring portfolio and delivering that unified monitoring experience.
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