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IT Infrastructure Monitoring Market to Grow at 17.3% CAGR, Reaching US$ 21.72 Billion by 2034

05-17-2024 07:27 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

IT Infrastructure Monitoring Market to Grow at 17.3% CAGR,

The global IT Infrastructure Monitoring Market (IT 인프라 모니터링 시장) is valued at US$ 4.4 billion in 2024 and is expected to grow to US$ 21.72 billion by the conclusion of 2034. IT infrastructure monitoring is evolving into a pivotal domain as organizations increasingly recognize the importance of maintaining the health, performance, and security of their IT ecosystems. IT infrastructure monitoring solutions and services are designed to monitor, analyze, and manage various components of IT infrastructure, including networks, servers, applications, and cloud environments. As digital transformation is accelerating in several organizations, the demand for advanced IT infrastructure monitoring tools is predicted to expand at a rapid pace during the coming decade.

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With the growing frequency and sophistication of cyber threats, security-centric monitoring is becoming a top priority. IT infrastructure monitoring solutions integrate robust security features, including threat detection, vulnerability assessment, and compliance monitoring, to safeguard organizations against evolving cybersecurity risks.

Increasing complexity of IT environments, including the integration of cloud services, edge computing, and diverse applications, is a major factor driving demand for IT infrastructure monitoring solutions to manage and optimize their diverse IT assets.

Key Takeaways from Market Study

Global demand for IT infrastructure monitoring (Мониторинг ИТ-инфраструктуры) technologies is anticipated to experience significant growth, with a predicted CAGR of 17.3% from 2024 to 2034. This surge reflects the increasing importance of robust monitoring systems in managing complex IT environments effectively. In the United States, the market is expected to reach US$ 4.64 billion by the end of 2034, underlining the country's substantial investment in IT infrastructure management solutions. Similarly, revenue from IT infrastructure monitoring in Japan is projected to rise at a CAGR of 16.9% through 2034, demonstrating a strong demand for such technologies in the region. Meanwhile, the market in Mexico is estimated at US$ 151.1 million for 2024, suggesting a growing adoption of IT infrastructure monitoring solutions in emerging economies.

As organizations worldwide recognize the critical role of IT infrastructure monitoring in ensuring operational efficiency and reliability, the demand for these technologies is poised for exponential growth. The forecasted market expansion across regions like the United States, Japan, and Mexico underscores the global momentum towards investing in advanced monitoring solutions to meet the evolving demands of modern digital ecosystems.

List of Key Companies Profiled in The Report

Micro Focus
Manage Engine (Zoho Corp.)
Cisco System, Inc.
Hewlett Packard Enterprise
IBM Corporation
Solar Winds Inc.
Sumo Logic
Nagios Enterprises
Data dog
Others

Winning Strategy

Some of the leading infrastructure monitoring solution providers are IBM Corporation, Solar Winds Inc., Sumo Logic, Broadcom Inc., Dynatrace LLC., and Splunk Inc. Key market players are adopting strategies such as technological advancements, geographical expansion, and customer-centric approaches to stay ahead in the market.

Japan's Smart City Boom Drives Demand for IT Infrastructure Monitoring

Japan is making significant strides in the creation of smart cities, harnessing the power of the Internet of Things (IoT) and interconnected technologies. The surge in smart city initiatives is fueling the need for robust IT infrastructure monitoring. This monitoring is critical to support the deployment of smart devices, optimize urban services, and guarantee the smooth operation of interconnected city systems.

The integration of IoT devices is becoming increasingly prevalent across various industries in Japan, spanning manufacturing, healthcare, and transportation. In this landscape, IT infrastructure monitoring plays a pivotal role in overseeing the performance, connectivity, and security of these IoT devices. This ensures their seamless integration into existing IT environments, contributing to the ongoing evolution of Japan's smart city landscape.

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Digital Transformation Spurs IT Infrastructure Monitoring Demand in the United States and Germany

The United States leads the way in digital transformation endeavors across various industries, with organizations making substantial investments in modernizing their IT infrastructure to maintain competitiveness. This surge in digital transformation efforts is propelling the need for sophisticated IT infrastructure monitoring technologies. These technologies are crucial in guaranteeing the availability, performance, and security of digital services throughout the United States.

Germany, recognized globally for its Industry 4.0 initiatives, places a strong emphasis on integrating smart technologies into manufacturing processes. This focus on automation and connectivity is fostering an increased demand for IT infrastructure monitoring. The goal is to ensure the reliability and efficiency of interconnected industrial systems, further solidifying Germany's position as a leader in technological advancements.

Competitive Landscape

Dominant players in the IT infrastructure monitoring sector are expanding their product and service offerings, presenting a broad range of monitoring solutions that cover diverse aspects of IT infrastructure. This includes network monitoring, application performance monitoring, cloud monitoring, and security monitoring. Through this strategic diversification, these companies are adeptly meeting the changing demands of their clients, solidifying their positions, and capturing substantial market shares.

Contact:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

About Fact.MR:

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

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