System Monitoring Industry, Increased Use Industry Hit Booming Worldwide, Demand Status and Explosive Factors And Forecasts To 2027
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Market Scenario:
In
its research study, Market Research Future (MRFR), emphasizes that over the
forecast period , the global System
Monitoring Industry 2020 is projected to rise
exponentially, achieving a significant market valuation that surpasses USD 3.27
Billion recorded in 2018 and a healthy 10.6% CAGR over the review
period.
Drivers
and Restraints
Growth
in outsourced IT infrastructure management and the need for accountable and
compliance-based use of the framework are major factors that drive market
development. Another main factor driving the global device monitoring market is
the need for better optimisation of business operations. In addition, a lack of
knowledge about device monitoring is expected to present a challenge to this
market 's growth. The concerns about data protection and privacy, as well as
concerns about the use and access of intellectual property, are factors that
restrict market development.
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Competitive Outlook:
The
key market players operating in the global market as identified by MRFR
are SolarWinds (US), ConnectWise Automate (US), Monitis.com (US), NinjaRMM
(US), Continuum Managed Services (US), CA Technologies (US), Kaseya (Ireland),
Oracle Corporation (US), Ipswitch (US), Red Gate Software Ltd (UK),
Paessler AG (Germany), New Relic, Inc. (US), Microsoft Corporation (US), Nagios
Enterprises, LLC (US), and Site24x7 (US). The major strategies implemented by
most of the players are agreements, partnerships, and collaborations.
The
other players in the Global System Monitoring Market include Panopta LLC
(US), ScienceLogic (US), Datadog (US), ThousandEyes (US), and Exoprise Systems
Inc. (US).
The
global market for monitoring systems is experiencing a high growth as demand
from various verticals such as business, energy and utilities, and IT and
telecommunications is increasing. Major players have opted for alliances and
new product development as their main strategies for organic growth to improve
their market position and meet end-user demands across verticals.
Segmentation:
The
global system monitoring market has been analyzed based on component,
organization size, deployment type, vertical, and region/country.
Based
on the component, the global system monitoring market has been bifurcated into
solution and services. The solution segment has been classified as network
monitoring, application monitoring, server monitoring, cloud monitoring, and
others. The services segment has further bee divided into professional services
and managed services.
Based
on the deployment type, the global system monitoring market has been bifurcated
into cloud and on-premise.
Based
on the organization size, the global system monitoring market has been
bifurcated into small- and medium-sized enterprise (SME) and large enterprise.
Based
on the vertical, the global system monitoring market has been divided into IT
& telecom, banking, financial services and insurance, government, energy
and utilities, manufacturing, healthcare, and others.
Regional Analysis:
The
global business regional analysis was conducted in four major regions including
Asia Pacific , North America, Europe and the rest of the world.
North
America has the largest market share as the corporations in this area have been
world leader in technology advancement. Because of the rapid implementation of
digital transformation, the US leads the market in North America; as a result,
the country's need for accountable and compliance-based program use is rapid.
Owing
to the strong demand for better optimisation of business operations between
companies across verticals and managed service providers, Europe is projected
to be the second-largest market during the review period.
During
the forecast period Asia-Pacific is projected to be the fastest-growing region
on the global device monitoring region. Growth in outsourced IT infrastructure
management is key driver of Asia-Pacific market growth.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
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