Cloud Monitoring Market : Global study explores Huge Growth in Future

The cloud monitoring market accounted for USD 723.8 Million in 2016 and is projected to reach USD 1,976.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 19.2%

(EMAILWIRE.COM, July 23, 2018 ) The global 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%. Cloud monitoring systems offer an additional layer of protection to the enterprise IT assets by monitoring and analyzing the cloud environment to detect suspicious activities or malicious behavior. These solutions are witnessing a rise in demand as they are finding utility in cloud security from industries such as Banking, Financial Services, and Insurance (BFSI), telecommunications and IT, and retail and consumer goods.

By service, the cloud monitoring market has been segmented into integration and deployment, support and maintenance, and training and consulting. Support and maintenance services include support related to the implementation and use of products, provided by cloud monitoring vendors. Maintenance services facilitate upgrades to the existing systems and provide assistance for solving issues related to products. As the deployment of cloud monitoring solutions is increasing, the demand for support and maintenance services is also gaining traction.

On the basis of regions, the global cloud monitoring market is 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 shares in the market. Some of the major technology vendors in the cloud monitoring market include CA, Inc. (US), SolarWinds Worldwide, LLC. (US), Dynatrace LLC (US), IDERA, Inc. (US), SevOne Inc. (US), Cloudyn (Israel), Zenoss Inc. (US), Datadog, Inc. (US), Kaseya Limited (US), LogicMonitor, Inc. (US), and Opsview Ltd. (US).

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