SecurityWorldMarket

20/12/2017

Cloud monitoring to reach new heights

Northbrook, Il (USA)

The cloud monitoring market is expected to grow from USD 821.4 Million in 2017 to USD 1,976.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 19.2% according to new research recently published by Marketsandmarkets.

The increasing number of security threats and data breaches have propelled the adoption of cloud monitoring solutions. Cloud monitoring offerings provide enhanced security capabilities and insights that help to efficiently detect and prevent vulnerabilities. This has further fuelled the demand for these solutions among the end-users.

Support and maintenance services are expected to grow at a considerable CAGR during the forecast period and the Software as a Service (SaaS) segment is expected to have the highest CAGR during the forecast period.

By service model, the market report has been segmented into SaaS, Platform as a Service (PaaS) and infrastructure as a Service (IaaS). SaaS is a model of software deployment where an application is hosted as a service and provided to users through the web. SaaS is also known as an on-demand software or application solution. Using a comprehensive cloud monitoring solution, administrators are able to attain measuring points for many SaaS-based applications. These monitoring tools provide the ability to gain continuous insights into SaaS performance and to proactively detect and rectify any performance regressions or problems. As the deployment of SaaS is increasing, the demand for cloud monitoring solutions is also gaining traction.

North America is expected to dominate the cloud monitoring market during the forecast period. On a regional basis, the global cloud monitoring market has been segmented into North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is estimated to have the largest market size in 2017, owing to the presence of a large number of vendors and rapid adoption of cloud-based solutions in this region. The market in APAC is expected to grow at the highest CAGR during the forecast period. The primary driving forces for this growth are the increasing awareness and adoption of cost-effective and scalable cloud-based solutions in this region.

The report also includes different strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to increase their share of the market. Some of the major technology vendors cited as being active in the cloud monitoring market include CA, Inc, Solarwinds Worldwide, Dynatrace LLC, Idera, Inc, Sevone Inc, Cloudyn, Zenoss Inc, Datadog, Inc, Kaseya Limited, Logicmonitor, Inc, and Opsview Ltd.


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