Cloud Monitoring Market Size, Strong Revenue and Competitive Outlook By Top Leaders And Forecast To 2027

Growth in adoption of multiple cloud platforms and increase in adoption of cloud-based services among industries across the globe are the major factors that drive growth of the cloud monitoring market. However, limited cloud visibility can hamper growth of the market to a certain extent. Contrarily, rise in adoption among small and medium-sized enterprises is an opportunitic factor for the cloud monitoring market growth.

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Cloud monitoring refers to the process of monitoring, managing, and reviewing of processes and operations within a cloud-based IT infrastructureIt is implemented by using manual or automated IT monitoring and management technology. It is widely preferred due to its performance optimization features in cloud infrastructure. Major applications of cloud monitoring include website monitoring, database monitoring, virtual machine monitoring, cloud storage monitoring, and virtual network monitoring. These functions of cloud monitoring facilitate easy detection of potential security threats in infrastructure by tracking a process and monitoring traffic. These solutions include classifying, scanning, and analyzing of data to take action to protect against loss of data before it leaves a network.

COVID-19 Scenario Analysis:

1. Zoom has become a dominant technology in the COVID-19 with positive impact. Interest for video conferencing solution has increased due to the crisis. In March 2020, Zoom reported 200 million daily users, up from 10 million in December 2019.

2. Organizations should take proactive steps by advising their staff and customers to be more vigilant and cautious especially while opening links, emails, or documents related to the subject COVID-19. Organizations should ensure their detection and alerting capabilities are functional while keeping an eye on impact of having many remote workers.

3. Organizations are encouraged to sensitize their employees around information security outside office space. Working from public spaces should be restricted and organization must utilize technologies that ensure confidential information remains secure on these devices in case of theft or damage.

4. Gmail, which is a part of the cloud database market, is playing a vital role for spreading information regarding COVID-19.

5. Presently, many employees are working from home and students are learning virtually, hence enterprise virtual private network (VPN) servers have now become a lifeline for companies/schools and their security and availability would be a major focus going forward. There is a possibility that an organization's unpreparedness can lead to security misconfiguration in VPNs. This, in turn, could expose sensitive information on the internet and devices to Denial of Service (DoS) attacks. In addition, some users utilize personal computers to perform official duties, which could also pose a great amount of risk to organizations.

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Software-as-a-service (SaaS) is an on-demand application, used to manage and rectify performance of a system. Increase in adoption of SaaS offerings such as human capital management (HCM), customer relationship management (CRM), enterprise resource management, and other financial applications creates a favorable environment for adoption of cloud monitoring, particularly in large organizations. In contrast to conventional banking application software, SaaS does not require employees for smooth running of the system.

In addition, cloud-based software does not require major investments in PCs, network infrastructure, and backup systems. Furthermore, it provides data security and does not require frequent software upgrade. Hence, it reduces the overall cost of the system. Rise in inclination of the enterprise buyers toward adoption of SaaS solutions is expected to increase growth of the market for cloud computing in the near future. This, in turn, is anticipated to promote growth of the cloud monitoring market for cloud monitoring.

Visibility limitation differs depending on which cloud model we use. With infrastructure as-a-service (IaaS), responsibility of cloud providers is limited to physical devices and hypervisor on server. As a result, users are likely to access tools and logs relating to the network, operating system, containers, middleware, and applications. Though users cannot have access to virtual switch data or hypervisor. In addition, choice of tools and user access is constrained by capabilities of cloud and policies of cloud provider. Platform as-a-service (PaaS) increases responsibility of cloud providers and restricts user visibility to applications that
can run data for consumer use.

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In private cloud, users can continue to use application performance monitoring and IT infrastructure monitoring tools, along with network performance monitoring and diagnostic tools. These tools are not applicable to SaaS and are limited in their effectiveness in monitoring other cloud models. Users may need to use new methods, such as synthetic monitoring or focus on endpoint monitoring to gain a picture of environment's behavior.

Key benefits of the report:

1. This study presents the analytical depiction of the global cloud monitoring industry along with the current trends and future estimations to determine the imminent investment pockets.

2. The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cloud monitoring market share.

3. The current market is quantitatively analyzed to highlight the global cloud monitoring market growth scenario.

4. Porter's five forces analysis illustrates the potency of buyers & suppliers in the cloud monitoring market.

5. The report provides a detailed cloud monitoring market analysis based on the present and future competitive intensity of the market.

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