Cloud Monitoring Market Size, Share, Trends, Demand and Growth Opportunities by 2023

Cloud monitoring market is gaining traction across the globe due to the increase in IT industries that are switching to cloud services. It finds application in areas like, BFSI, retail and consumer goods, media and entertainment, and manufacturing. The rising number of security threats and data breaches are propelling the adoption of such solutions. It provides enhanced security capabilities and insights that help to proficiently detect and prevent vulnerabilities. This is further amplifying the demand for these solutions among the end-users.

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In terms of geography, Asia Pacific is expected to register the fastest growth in the cloud monitoring market, during the forecast period due to the increasing awareness and adoption of cloud-based services in the region. North America is expected to generate the largest revenue during the forecast period due to the growing adoption of cloud-based services in small and medium enterprises (SMEs) and large enterprises.

With the increase in the size of data sets the need to manage and monitor them becomes prevalent. Data driven companies need solutions that are scalable, flexible and can monitor their data at an affordable cost. This need for cloud monitoring services is driving the market. The cloud services are maintained and serviced by the cloud vendors. This is advantageous for large enterprises as they can engage their employees in some other productive tasks. This increases the adoption of cloud services in large sized enterprises. With the increasing deployment of cloud services, the need to monitor them also rises. The large-scale adoption of cost-effective cloud-based solutions is also driving the cloud monitoring market.

Some of the key players operating in the cloud monitoring market include CA Technologies, SolarWinds Worldwide, LLC., Dynatrace LLC., IDERA, Inc., SevOne Inc., Cloudyn, Zenoss Inc., Datadog, Inc., Kaseya Limited, LogicMonitor, Inc., and Opsview Ltd.