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New report: Unified monitoring market projected to reach USD 11.10 billion by 2023

IT Market Research

The unified monitoring market size is expected to grow from USD 3.32 billion in 2018 to USD 11.10 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 27.3% during the forecast period.

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The key players in the Unified Monitoring Market include – Dynatrace (US), CA Technologies (US), App Dynamics (US), Zenoss (US), Zoho Corporation (US), Opsview (UK), Ground Work Open Source (US), Fata Informatica (Italy), Acronis (Europe), Paessler (Europe).

The unified monitoring market has been segmented on the basis of components, deployment types, organization sizes, verticals, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overviews, services, key strategies, new service launches, partnerships, agreements and collaborations, business expansions, and competitive landscape associated with the unified monitoring market.

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The unified monitoring market size is expected to grow from USD 3.32 billion in 2018 to USD 11.10 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 27.3%during the forecast period.

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Increasing complexities in applications, applications running on the dynamic IT environment, reduced time to resolve issues, and increasing need to efficiently manage the security and performance of the IT infrastructure are major growth factors for the market. However, organizations’ reluctance in adopting modern technologies could affect the growth unified monitoring market.

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Unified monitoring services help consult, integrate, and support organizations across various industries in effectively dealing with threats, thereby ensuring visibility and security across all business functions. On the basis of services, the unified monitoring market has been segmented into training and consulting, integration and deployment, and support and maintenance.

With the increasing penetration of big data, IoT, edge computing, cloud, and related technologies, the demand for unified monitoring services among enterprises is gaining huge traction.

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