The Cloud Monitoring Global Market Report 2023, provides comprehensive information on the cloud monitoring market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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Anticipated within the global landscape of technological advancements, the cloud monitoring market is poised for substantial expansion. In a tangible demonstration of this transformative trajectory, the market size is set to undergo remarkable growth, progressing from its valuation of $1.96 billion in 2022 to a projected $2.31 billion in 2023. This impressive ascent signifies a robust compound annual growth rate (CAGR) of 18.2%. However, it is imperative to acknowledge the potent influence of the Russia-Ukraine conflict, which has significantly impeded the prospects of global economic resurgence in the aftermath of the COVID-19 pandemic, particularly in the immediate term.
This protracted conflict has instigated far-reaching economic sanctions imposed on multiple nations, an alarming surge in commodity prices, and a disruptive upheaval in supply chains. These factors, in tandem, have culminated in pervasive inflationary pressures across the spectrum of goods and services, thereby casting a profound impact on global markets at large. Nevertheless, despite the daunting challenges, the global cloud monitoring market remains resolute in its trajectory, with a projected market size of $4.54 billion by the year 2027, fortified by a commendable CAGR of 18.4%. The significance of cloud monitoring, as an indispensable tool for optimizing digital infrastructure and ensuring seamless operations in an increasingly complex and interconnected world, underscores its pivotal role in the digital era.
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The dynamic landscape of the cloud monitoring market is increasingly marked by a notable trend, namely, strategic partnerships. Eminent companies entrenched within this market are actively engaging in collaborative ventures to bolster their positions and capitalize on the evolving demands of cloud monitoring. A compelling example of this strategic inclination can be discerned from the developments in May 2020, when Opsview, a distinguished UK-based cloud monitoring company, joined forces with UKCloud, a reputable UK-based cloud provider. The underlying objective of this alliance is to harness the potential for enhanced security and advanced monitoring capabilities across sovereign, secure, and hybrid IT environments.
Fast-forward to May 2022, and the narrative of strategic collaboration continues to unfold. The International Business Machines Corporation (IBM), a prominent New York-based technology giant, embarked on a partnership with Amazon Web Services (AWS), a leading US-based cloud computing platform provider. This partnership represents a strategic maneuver by IBM to broaden its service offerings, as it endeavors to deliver a diverse range of software solutions through a Software-as-a-Service (SaaS) model hosted on the robust infrastructure provided by Amazon Web Services. These instances underscore the strategic depth and industry synergy achieved through partnerships within the cloud monitoring domain, further enhancing the effectiveness and scope of cloud monitoring solutions. As cloud computing continues to be a linchpin of modern IT infrastructures, such collaborations are integral in driving innovation and ensuring the highest standards of service delivery.
The cloud monitoring market 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 Organisation 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
North America was the largest region in the cloud monitoring market in 2022.
The table of contents in TBRC’s cloud monitoring market report includes:
- Executive Summary
- Cloud Monitoring Market Characteristics
- Cloud Monitoring Market Trends And Strategies
- Cloud Monitoring Market – Macro Economic Scenario
- Cloud Monitoring Market Size And Growth
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- Africa Cloud Monitoring Market
- Cloud Monitoring Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Cloud Monitoring Market
- Cloud Monitoring Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Amazon Web Services Inc
- IDERA Inc
- LogicMonitor Inc
- Oracle Corporation
- Microsoft Corporation
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