DUBLIN, Nov. 14, 2023 /PRNewswire/ — The “Global Monitoring Tools Market Size, Share & Industry Trends Analysis Report By Offering (Software (On-premise and Cloud) and Services), By Type, By Vertical, By Regional Outlook and Forecast, 2023 – 2030” report has been added to ResearchAndMarkets.com’s offering.
The Global Monitoring Tools Market size is expected to reach $92.5 billion by 2030, rising at a market growth of 21.4% CAGR during the forecast period.
Healthcare Sector’s Role:
- Significant Market Share: Healthcare to hold a fifth of the market share by 2030.
- Tools Importance: Monitoring tools are critical for patient care and operational efficiency in healthcare.
Strategic Market Developments:
- Acquisitions: Major market strategies include acquisitions to adapt to end-user needs.
- Innovators: Cisco Systems, IBM, and Dynatrace noted for innovative contributions.
Market Growth Drivers:
- Real-Time Analytics Demand: The need for immediate operational insights propels the market.
- Emerging Market Potential: Untapped regions present opportunities for expansion.
Challenges Ahead:
- Cost Concerns: Implementation and maintenance expenses are significant hurdles.
Market Segmentation Details:
- By Type: Segments include infrastructure, application performance, security, and end-user experience monitoring tools.
- By Offering: The market is divided into software and services, with services playing a vital role.
- By Vertical: BFSI, healthcare, IT, and other industries are major verticals leveraging monitoring tools.
Regional Market Outlook:
- North American Leadership: The region leads in revenue share and market development.
Market Strategy Highlights:
- Partnerships and Collaborations: Several key partnerships enhance market offerings.
- Product Launches: Innovations like AWS AppFabric drive market expansion.
- Acquisitions: Strategic acquisitions by Cisco and Google bolster their market positions.
Report Offerings:
- Detailed market segmentation and analysis.
- Insights into competitive landscape and strategies.
- Coverage of regional market dynamics and trends.
Company Profiles:
- Microsoft Corporation
- Amazon Web Services
- IBM Corporation
- Cisco Systems, Inc.
- Dynatrace, Inc.
- Splunk, Inc.
- SolarWinds Corporation
- Nagios Enterprises LLC
- Paessler AG
For more information about this report visit https://www.researchandmarkets.com/r/8cqgyn
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SOURCE Research and Markets
