The unified
monitoring market is witnessing rapid revenue growth. Rising demand for
innovative solutions to monitor the entire IT infrastructure, including
physical, virtual, and cloud, drives the market growth. Besides, the increasing
uptake of unified monitoring solutions to reduce service outages and enhance
end-user & IT productivity, optimizing capital investment, and maintaining
industry compliance substantiates market value.
The business community worldwide has long recognized that productivity
and profitability depend upon the smooth functioning of the entire IT
environment, especially as IT infrastructures become more complex. With the
increasing need for improved fundamental business objectives and drives
business value, the market is projected to witness significant traction in the
next few years.
In this regard, Market Research Future (MRFR) states that the global
unified monitoring market is poised to grow at a substantial CAGR during the
assessment period (2020-2027). Unified monitoring saves time of IT staff they
spend on manually monitoring the infrastructure, allowing them to accomplish
profit-driving objectives.
Additionally, with accurate capacity planning metrics, organizations can
leverage existing IT investments and predict future expenditures. Improving
cloud computing capabilities and expanding cloud-based infrastructure across
the globe push market growth.
Most industries rely on the internet for their day-to-day business
operations, positively impacting the unified monitoring market size. Moreover,
the growing uptake of unified monitoring capabilities in rising numbers of
businesses accelerates the market shares.
Global Unified Monitoring Market -Segments
The market forecast is segmented into components, deployments,
organization size, verticals, and regions. The component segment is categorized
as solutions and services. The sub-segment solution is bifurcated as IT
infrastructure monitoring, application monitoring, cloud monitoring, virtual
environment monitoring, and others. The sub-segment service is bifurcated as
professional services and managed services.
The deployment, the market is segmented into on-premise and on cloud.
The organization size segment is sub-segmented into small & medium
enterprises and large enterprises. The vertical segment is sub-segmented into
BFSI, IT & telecom, government, healthcare, retail, and others. The region
segment is sub-segmented into Asia Pacific, Americas, Europe, and
rest-of-the-world.
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Global Unified Monitoring Market - Regional Analysis
North America accounts for the largest unified monitoring market share.
The presence of many key technology providers and well-established IT and
telecom industries across the region drive the market growth. Besides,
augmenting demand and early adoption of cloud-based platforms and advanced
unified monitoring solutions boost the market.
Many organizations in the region are shifting towards upgraded
technologies with the increasing adoption of digital business strategies.
Increased spending by organizations on IT infrastructures offers huge
opportunities across industries in the region. Moreover, the demand for
technology & services for unified monitoring of web applications, mobile
applications, API, and SaaS applications influences market value.
Global Unified Monitoring Market - Competitive Analysis
Highly competitive, the unified monitoring market appears fragmented,
with several matured players forming a competitive landscape. Market players
initiate strategic approaches, such as mergers & acquisitions,
collaborations, expansion, and product/technology development. They make
substantial investments in developing products and expand global footprints.
Major Players:
Players leading the global unified monitoring market include CA
Technologies (US), Dynatrace (US), AppDynamics (US), Zoho Corporation (US),
Zenoss (US), Opsview (UK), Fata Informatica (Italy), GroundWork Open Source
(US), Acronis (Europe), Paessler (Europe), SolarWinds (US), Op5(UK),
Sciencelogic (US), Kaseya(US), Netvisor(UK), and CloudAware(US), among others.
Industry/Innovations/Related News:
Aug. 16, 2021 --- Cisco announced that it is acquiring Israeli
applications-monitoring start-up Epsagon to beef up app monitoring. The
purchase gives Cisco a more modern micro services-focused component for its
growing applications-monitoring portfolio. Cisco is incorporating Epsagon into
the existing components of the application-monitoring portfolio and delivering
that unified monitoring experience.
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