What is the current market size and future outlook for the cloud monitoring market?
The cloud monitoring market size has grown rapidly in recent years. It will grow from $2.63 billion in 2024 to $3.05 billion in 2025 at a compound annual growth rate (CAGR) of 15.8%. 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 exponential growth in the next few years. It will grow to $6.43 billion in 2029 at a compound annual growth rate (CAGR) of 20.5%. The growth in the forecast period can be attributed to multi-cloud deployments, compliance requirements, edge computing integration, AI and machine learning integration, hybrid IT environments. Major trends in the forecast period include focus on cloud security monitoring, end-to-end visibility across cloud services, automation of incident response, cost management and optimization tools, compliance monitoring and reporting.
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Which Market drivers have played a significant role in driving the cloud monitoring market?
Growth in cloud adoption across enterprises is significantly contributing to the growth of the cloud monitoring market going forward. Enterprises employ cloud adoption as a method to save costs and risk while increasing the scalability of Internet-based database capabilities. Cloud monitoring eliminates potential breaches ensuring real-time scans with continuous monitoring, as a result, cloud monitoring is required by various organizations that use cloud technologies and that increases the demand for cloud monitoring. For instance, in December 2022, according to Zippia Inc., a US-based career expert, at present, cloud services are used by 94% of businesses. Further, a multi-cloud strategy is in place or being developed by 92% of enterprises and cloud services reached $206.1 billion in 2022. Therefore, growing cloud adoption across enterprises drives the cloud monitoring market.
What are the key segments within the cloud monitoring market?
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
Subsegments:
1) By Solution: Performance Monitoring Solutions, Security Monitoring Solutions, Log Management Solutions
2) By Services: Managed Monitoring Services, Consulting Services, Support And Maintenance Services
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Which key players are shaping the cloud monitoring market?
Major companies operating in the cloud monitoring market include Amazon.com Inc., Alphabet Inc., Microsoft Corporation, New Relic Inc., IBM Corporation, Oracle Corporation, Broadcom Inc., Splunk Inc., BMC Software Inc., Datadog Inc., Kaseya Limited, Dynatrace Inc., SolarWinds Worldwide LLC, PagerDuty Inc., Sumo Logic Inc., Grafana Labs Inc., Elastic N.V., LogicMonitor Inc., AppDynamics Inc., IDERA Inc., xMatters Inc., InfluxDB Inc., SevOne Inc., VictorOps Inc., Site24x7 Inc., Zenoss Inc., Opsgenie Inc., Stackify Inc., Sematext Group Inc.
Which transformative trends will shape the cloud monitoring market landscape?
Strategic partnerships are a key trend gaining popularity in the cloud monitoring market. Major companies operating in the cloud monitoring market are undergoing partnerships to strengthen their position in the cloud monitoring market. For instance, in May 2022, The International Business Machines Corporation, a US-based technology corporation partnered with Amazon Web Services, a US-based cloud computing platform. With this partnership, IBM company plans to provide a wide range of its software catalog as Software-as-a-Service (SaaS) via Amazon Web Services.
How do regional factors impact the cloud monitoring market, and which region is the largest contributor?
The countries covered in the cloud monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Cloud Monitoring Market Report 2025 Offer?
The cloud monitoring market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Cloud monitoring refers to reviewing, inspecting and managing the operational workflow of a cloud-based IT infrastructure is done through cloud monitoring. The performance and availability of websites, servers, applications and other cloud infrastructure are confirmed by manual or automated management procedures.
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