The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Cloud Monitoring Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/cloud-monitoring-global-market-report
According to The Business Research Company’s Cloud Monitoring Global Market Report 2024, The cloud monitoring market size has grown rapidly in recent years. It will grow from $2.3 billion in 2023 to $2.69 billion in 2024 at a compound annual growth rate (CAGR) of 17.0%. The growth in the historic period can be attributed to digital transformation initiatives, cost efficiency, security concerns, scalability requirements, remote work trends.The cloud monitoring market size is expected to see rapid growth in the next few years. It will grow to $5.27 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%.
The growth in cloud adoption across enterprises is significantly driving the expansion of the cloud monitoring market. Enterprises are increasingly embracing cloud adoption to cut costs, mitigate risks, and enhance the scalability of Internet-based database capabilities. Cloud monitoring plays a crucial role in averting potential breaches by conducting real-time scans and continuous monitoring, meeting the demands of organizations relying on cloud technologies. For example, as of December 2022, data from Zippia Inc., a US-based career expert, indicates that 94% of businesses are currently utilizing cloud services. Additionally, 92% of enterprises either have or are in the process of developing a multi-cloud strategy, while cloud services revenue surged to $206.1 billion in 2022. Consequently, the surge in cloud adoption across enterprises is fueling the growth of the cloud monitoring market.
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The cloud monitoring market covered in this report is segmented –
1) By Component: Solution, Services
2) By Model: Infrastructure As A Service(IaaS), Software As A Service(SaaS), Platform As A Service(PaaS)
3) By Organization Size: Small And Medium Sized Enterprises (SMEs), Large Enterprises
4) By Industry: Banking, Financial Services and Insurance, Healthcare And Life Sciences, Telecommunications And IT, Government And Defense, Manufacturing, Retail And Consumer Goods, Media And Entertainment, Other Industries
Top Major Players
Amazon.com Inc.,
Alphabet Inc.,
Microsoft Corporation,
New Relic Inc.,
IBM Corporation
The cloud monitoring market report table of contents includes:
1. Executive Summary
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List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Cloud Monitoring Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Cloud Monitoring Market, Segmentation By Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Cloud Monitoring Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Amazon.com Inc. Financial Performance
Table 76: Alphabet Inc. Financial Performance
Table 77: Microsoft Corporation Financial Performance
Table 78: New Relic Inc. Financial Performance
Table 79: IBM Corporation Financial Performance
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