Global Cloud Monitoring Market 2024 : Trends, Business Growth And Major Driving Factors | Amazon.com Inc., Alphabet Inc., Microsoft Corporation, New Relic Inc., IBM Corporation, Oracle Corporation

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Cloud Monitoring Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The cloud monitoring market size has grown rapidly in recent years. It will grow from $2.3 billion in 2023 to $2.69 billion in 2024 at a compound annual growth rate (CAGR) of 17.0%. The growth in the historic period can be attributed to digital transformation initiatives, cost efficiency, security concerns, scalability requirements, remote work trends.

The cloud monitoring market size is expected to see rapid growth in the next few years. It will grow to $5.27 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%. The growth in the forecast period can be attributed to multi-cloud deployments, compliance requirements, edge computing integration, AI and machine learning integration, hybrid IT environments. Major trends in the forecast period include focus on cloud security monitoring, end-to-end visibility across cloud services, automation of incident response, cost management and optimization tools, compliance monitoring and reporting.

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Market Segmentation:
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

Major Driver - Growing Enterprise Cloud Adoption Fuels The Cloud Monitoring Market
Growth in cloud adoption across enterprises is significantly contributing to the growth of the cloud monitoring market going forward. Enterprises employ cloud adoption as a method to save costs and risk while increasing the scalability of Internet-based database capabilities. Cloud monitoring eliminates potential breaches ensuring real-time scans with continuous monitoring, as a result, cloud monitoring is required by various organizations that use cloud technologies and that increases the demand for cloud monitoring. For instance, in December 2022, according to Zippia Inc., a US-based career expert, at present, cloud services are used by 94% of businesses. Further, a multi-cloud strategy is in place or being developed by 92% of enterprises and cloud services reached $206.1 billion in 2022. Therefore, growing cloud adoption across enterprises drives the cloud monitoring market.

Competitive Landscape:
Major companies operating in the cloud monitoring market report are 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., OpenMetrics Project

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Top Trend - Innovations In Cloud Operation Solutions And The AWS Cloud Operations Competency
Major companies operating in the cloud monitoring market are developing innovative products, such as cloud operation solutions, to meet larger customer bases, increase sales, and increase revenue. Cloud operations (CloudOps) is an operations-oriented framework that encompasses the integration of an organization's unique set of technologies, people, and processes set up to manage the delivery, performance, and optimization of the IT workloads they run in the cloud. For instance, in April 2023, Amazon Web Services, a US-based provider of cloud computing platforms, launched the AWS Cloud Operations Competency. The distinctive feature of the AWS Cloud Operations Competency lies in its comprehensive coverage of five fundamental solution areas: cloud governance, cloud financial management, monitoring and observability, compliance and auditing, and operations management. This competency empowers customers to choose validated AWS partners offering integrated solutions across these critical domains. AWS Cloud Operations Competency Partners demonstrate expertise in supporting customers across essential technical capabilities, facilitating secure, efficient, and well-operated cloud environments. The competency encompasses rigorous training and testing in five key areas, including financial management for optimized cost, tooling and resource organization for effective cost tracking, and cloud governance to assist clients in planning, building, and managing secure, scalable, and cost-efficient hybrid cloud environments.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cloud Monitoring Market Characteristics
3. Cloud Monitoring Market Trends And Strategies
4. Cloud Monitoring Market - Macro Economic Scenario
5. Cloud Monitoring Market Size And Growth
…..
27. Cloud Monitoring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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