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How Has the Cloud Monitoring Market Size Changed, over the years?

The expansion of the cloud monitoring market size has been swift in the past years. The prediction is for the market to increase from $2.63 billion in 2024 to $3.05 billion in 2025, with a yearly compound growth rate (CAGR) of 15.8%. The momentous growth in the historical period can be ascribed to factors such as digital transformation strategies, cost-effectiveness, security apprehensions, scalability needs, and the emerging trend of remote work.

How Much Will the Cloud Monitoring Market Be Worth in 2029?

The size of the cloud monitoring market is anticipated to experience a rapid surge in the coming years, reaching $6.43 billion in 2029 with a compound annual growth rate (CAGR) of 20.5%. This growth over the forecast period can be attributed to factors such as multi-cloud deployments, compliance necessities, integration of edge computing, AI, and machine learning, as well as hybrid IT settings. During the prediction period, the main trends will likely be a focus on monitoring cloud security, achieving comprehensive visibility over cloud services, automation of incident responses, tools for cost management and optimization, as well as monitoring and reporting of compliance.

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Which is the Largest Company in the Cloud Monitoring Market?

Major companies operating in the cloud monitoring market include Amazon.com Inc., Alphabet Inc., Microsoft Corporation, New Relic Inc., IBM Corporation, Oracle Corporation, Broadcom Inc., Splunk Inc., BMC Software Inc., Datadog Inc., Kaseya Limited, Dynatrace Inc., SolarWinds Worldwide LLC, PagerDuty Inc., Sumo Logic Inc., Grafana Labs Inc., Elastic N.V., LogicMonitor Inc., AppDynamics Inc., IDERA Inc., xMatters Inc., InfluxDB Inc., SevOne Inc., VictorOps Inc., Site24x7 Inc., Zenoss Inc., Opsgenie Inc., Stackify Inc., Sematext Group Inc.

What Are the Main Market Drivers in the Cloud Monitoring Industry?

The expansion of cloud usage among corporations is significantly influencing the progression of the cloud monitoring market. Businesses deploy cloud technology to reduce costs and risk while amplifying the scalability of web-based database functionalities. Cloud surveillance provides real-time scans and continuous monitoring to prevent potential infringements, making it crucial for organizations that rely on cloud technologies. This need, in turn, fuels the demand for cloud monitoring. To exemplify, Zippia Inc., an American career expert, revealed in December 2022 that 94% of businesses presently utilize cloud services. Additionally, multi-cloud strategies are either already implemented or under development in 92% of companies, and cloud services hit a remarkable mark of $206.1 billion in revenues in 2022. Consequently, the cloud monitoring market is being propelled by the escalating cloud adoption in corporations.

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How Is the Cloud Monitoring Market Segments Structured?

The cloud monitoring market covered in this report 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 Organization 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

Subsegments:

1) By Solution: Performance Monitoring Solutions, Security Monitoring Solutions, Log Management Solutions

2) By Services: Managed Monitoring Services, Consulting Services, Support And Maintenance Services

What Are the Key Market Trends in the Cloud Monitoring Industry?

The emergence of strategic alliances is a prime trend gaining traction in the cloud monitoring sector. Prominent companies in this market are entering collaborations to bolster their standing. For instance, The International Business Machines Corporation, an American technology firm, inked a partnership with Amazon Web Services, an American cloud computing platform, in May 2022. Through this alliance, IBM intends to offer a comprehensive array of its software catalog as Software-as-a-Service (SaaS) via Amazon Web Services.

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Which Global Regions Offer the Highest Growth in the Cloud Monitoring Market?

North America was the largest region in the cloud monitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global cloud monitoring market report during the forecast period. The regions covered in the cloud monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the cloud monitoring market, and how is it changing globally?

2. Who are the major companies in the cloud monitoring market, and how are they performing?

3. What are the key opportunities and risks in the cloud monitoring market right now?

4. Which products or customer segments are growing the most in the cloud monitoring market?

5. What factors are helping or slowing down the growth of the cloud monitoring market?

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