Global IT Infrastructure Monitoring Market : APAC region to reach at a CAGR of 6.6% by 2024

One of the major restraints hindering the growth of the IT infrastructure monitoring market is security concerns among the users. For solutions requiring public connectivity, security is of vital importance. For instance, in the case of a cloud network monitoring solution, trust is needed to be placed on the cloud provider. Cloud-based solutions have a wider attack surface, as compared to in-house network monitoring solutions, which can be disconnected from the public network. This factor is anticipated to restrain the growth of the IT infrastructure monitoring market over the forecast period.

The global IT infrastructure monitoring market value is anticipated to increase from US$ 19.24 Bn in 2015 to US$ 34.1 Bn by 2024, expanding at a CAGR of 6.6% during the forecast period (2016–2024).

Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/it-infrastructure-monitoring-market.asp

The IT infrastructure monitoring market is segmented on the basis of region into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The North America IT infrastructure monitoring market is expected to be the highest contributor to the overall global IT Infrastructure monitoring market in terms of value share, followed by Europe, by 2016 end. The Latin America IT infrastructure monitoring market is expected to witness highest CAGR over the forecast period (2016–2024). Growth of the North America IT infrastructure monitoring market is primarily attributed to government support to increase IT spending. For instance, the U.S. government is spending more on shared services and cloud services for IT needs, thus reducing expenditure on in-house IT solutions. This is expected to have adverse effect on on-premise IT infrastructure monitoring solution segment growth. Latin America IT infrastructure monitoring market is expected to expand at a CAGR of 8.6% in terms of value over the forecast period (2016-2024).

Among end user segments, large enterprise segment constituted 73%, whereas SMEs segment comprised of the remaining 27% of overall end user segment revenue in 2015.

In 2015, by deployment model, on-premise was the largest segment accounting for 69.8% of overall market revenue. However, cloud/hosted segment is expected to expand at the highest CAGR over the forecast period

Among the vertical segments, BFSI was the dominant segment with over 40% revenue share of the overall market in 2015, whereas, healthcare segment is expected to witness highest CAGR during the forecast period.

Download Report Sample @ http://www.persistencemarketresearch.com/samples/8797

In terms of value, the North America IT infrastructure monitoring market dominated the overall market in 2015 and is expected to remain dominant over the forecast period between 2016 and 2024. In terms of value, the Asia Pacific IT infrastructure monitoring market is anticipated to expand at a CAGR of 6.6% during 2016 to 2024.

Key players in the global IT infrastructure monitoring market include Centreon, CA Technologies, Splunk Inc., Nagios Enterprises, LLC, AppDynamics, Inc., ScienceLogic, Zabbix LLC., Spiceworks Inc., Datadog, Inc., SevOne, Inc., and PagerDuty, Inc.

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.