Hardware Monitoring Software Market Maintaining Digital Assets Forecast 2023 to 2030 | Zabbix LLC, CPUID, Paessler AG, Broadcom

At a CAGR of 11.8% during the projected period, the Hardware Monitoring Software Market is anticipated to increase from USD 1.2 billion in 2023 to USD 2.1 billion by 2030. The expansion of the market is attributable to the growing use of big data, cloud computing, and the Internet of Things (IoT). Organizations may track and manage their IT infrastructure, including servers, storage, and network devices, with the use of hardware monitoring software. This program can assist in seeing and fixing any issues before they result in downtime or data loss.

A type of software called hardware monitoring software (HMS) keeps tabs on the functionality and state of various computer hardware parts, including the CPU, GPU, RAM, storage, and network. To locate and fix hardware issues, save downtime, and enhance system performance, employ HMS tools. Due to the rising need for effective IT infrastructure management and the increasing complexity of contemporary computer systems, the HMS market has been expanding substantially in recent years. The market is anticipated to expand over the next several years as a result of the increased usage of big data, cloud computing, and artificial intelligence (AI).

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The Key companies profiled in the Hardware Monitoring Software Market:

The study examines the Hardware Monitoring Software Market's competitive landscape and includes data on Zabbix LLC, CPUID, Paessler AG, Broadcom, Mathias Kettner GmbH, HWiNFO, HelpSystems, ManageEngine, Optanix, Sematext, Sensu, SignalFx, Inc, Splunk, VMware, WebSitePulse & Others.

Global Hardware Monitoring Software Market Split by Product Type and Applications

This report segments the Hardware Monitoring Software Market on the basis of Types:
Cloud-Based
On-Premises

On the basis of Application, the Hardware Monitoring Software Market is segmented into:
Individual
Enterprise
Others

Scalability, cost effectiveness, and ease of accessible are benefits of cloud-based HMS solutions. They are becoming more and more well-liked among companies of all sizes as a result.  HMS technologies that can more intelligently monitor and evaluate hardware performance data are being developed using AI and ML. This makes it easier and faster for businesses to discover and fix hardware issues.

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The biggest Hardware Monitoring Software Market are in North America, Europe, and Asia-Pacific. Early adoption of new technologies and the increased need for real-time monitoring and analytics are the main factors driving the growth of the hardware monitoring software market in North America. The desire to increase the efficiency of IT infrastructures and the rise in compliance requirements are driving the market for hardware monitoring software in Europe. The fast economic expansion as well as the rising use of cloud computing and virtualization technologies are driving the growth of the hardware monitoring software market in the Asia Pacific region.

Cumulative Impact of COVID-19 on Market:
A few countries' economies and territories have suffered as a result of the COVID-19 episode's lockdowns, travel economic sanctions, and friend dismissals. Due to the pandemic, the global market is one of the primary organizations experiencing significant disruptions such as production network disruptions, innovation event abrogations, and work climate terminations. With its presence and substantial unprocessed material suppliers, China is a global contemporary major economic power.

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