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IT Infrastructure Monitoring Market Size, Share Analysis, Growth And Global Forecast 2023-2032
IT Infrastructure Monitoring Market Report
The Business Research Company's IT Infrastructure Monitoring Global Market Report 2023 identifies the increasing adoption of cloud-based solutions by companies as the major driver for the IT infrastructure monitoring market's growth in the forecast period. Cloud-based solutions refer to a cloud-based system, commonly termed "cloud computing," which is a phrase for anything that involves the internet-based delivery of hosted services. A cloud may be both public and private. Cloud computing is preferred by many companies as it allows for quick access to adaptable and affordable IT resources without requiring significant up-front hardware investments or time-consuming installation and maintenance and IT resources can swiftly scale up or down with the properties of cloud solutions to match business demands.
The global IT infrastructure monitoring market size is expected to grow from $23.40 billion in 2022 to $24.80 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global IT infrastructure monitoring market is expected to reach $29.76 billion in 2027 at a CAGR of 4.7%.
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Major competitors in the IT infrastructure monitoring market are CA Technologies, Splunk Inc., Nagios Enterprises LLC, AppDynamics Inc., ScienceLogic Inc.
A key trend in the IT infrastructure monitoring market includes product innovation. Major companies operating in the IT infrastructure monitoring market materials market are focused on developing innovative products to strengthen their position in the market. For instance, in May 2021, Splunk Inc., a US-based software company that creates software for monitoring, searching and analyzing data generated by machines, launched the new Splunk® Observability Cloud, the only enterprise-grade, full-stack, analytics-powered Observability solution available. The Splunk Observability Cloud allows IT and DevOps teams to receive all of their answers in a single interface with metrics, traces and logs - all data collected in real-time, at any size and without sampling.
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The IT infrastructure monitoring market is segmented -
•By Types: Bundled Software, Individual Software
•By Deployment: Cloud It Infrastructure Monitoring, On-Premise It Infrastructure Monitoring
•By Applications: Small And Medium Enterprises, Large Enterprises
•By End-User Vertical: Public Sector, IT And Telecom, Healthcare, Transportation, Banking, Financial Service and Insurance (BFSI), Aerospace And Defense, Other End-User Verticals
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the IT infrastructure monitoring market.
The Business Research Company's "Global IT Infrastructure Monitoring Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The IT Infrastructure Monitoring Market Include:
1. Executive Summary
2. IT Infrastructure Monitoring Market Characteristics
3. IT Infrastructure Monitoring Market Trends And Strategies
4. IT Infrastructure Monitoring Market - Macro Economic Scenario
5. IT Infrastructure Monitoring Market Size And Growth
……
26. Africa IT Infrastructure Monitoring Market
27. IT Infrastructure Monitoring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IT Infrastructure Monitoring Market
29. IT Infrastructure Monitoring Market Future Outlook and Potential Analysis
30. Appendix
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