System Monitoring Market Analysis, Segments, Key Players, Drivers, Trends, and Forecast 2020 – 2027
Market
Synopsis
In its research study, Market
Research Future (MRFR), emphasizes that over the forecast period, the global
market 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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Segmental
Analysis
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.
Competitive
Analysis
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.
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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
3
Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued…
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