Monitoring Tools Market to Reach $140.4 Billion, Globally, by 2032 at 20.1% CAGR: Allied Market Research

Advancements in artificial intelligence and machine learning and growing demand for unified monitoring solutions offer remunerative opportunities for the expansion of the global monitoring tools market. 

NEW CASTLE, Del., Sept. 16, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Monitoring Tools Market by Component (Software and Services), Deployment (Cloud and On-Premises), Type (Infrastructure Monitoring Tools, Application Performance Monitoring Tools, Security Monitoring Tools and End-user Experience Monitoring Tools), and Vertical (BFSI, Retail & E-commerce, Healthcare, IT & Telecom, Media & Entertainment, Manufacturing and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the monitoring tools market was valued at $26.5 billion in 2023, and is estimated to reach $140.4 billion by 2032, growing at a CAGR of 20.1% from 2024 to 2032.

Prime determinants of growth 

The global monitoring tools market is experiencing growth due to rising demand for proactive monitoring, increased focus on cybersecurity and regulatory compliance requirements. However, high implementation costs hinder market growth to some extent. Moreover,

Request Sample Pages: https://www.alliedmarketresearch.com/request-sample/A324143

Report coverage & details: 

Buy this Complete Report (200 Pages PDF with Insights, Charts, Tables, and Figures) at:

https://www.alliedmarketresearch.com/monitoring-tools-market/purchase-options

Segment Highlights

The services segment held the highest market share in 2023 

By component, the services segment is projected to attain the fastest growing segment from 2023 to 2032, owing to increase in demand for expert support, customization, and managed services to optimize monitoring tool deployment and usage, which is driving the segment growth.

The cloud segment held the highest market share in 2023 

By deployment, the cloud segment is projected to attain the fastest growing segment from 2023 to 2032, owing to the surge in adoption of cloud computing, and the need for scalable and flexible monitoring solutions. The benefits of cloud-based deployment such as ease of access and reduced infrastructure costs are driving the segment growth.

The infrastructure monitoring tools segment held the highest market share in 2023 

By type, the infrastructure monitoring tools segment is projected to attain the fastest growing segment from 2023 to 2032, owing to the rising complexity of IT environments and the need for optimized performance and reliability, which is driving the segment growth.

The BFSI segment held the highest market share in 2023 

By vertical, the BFSI segment are projected to attain the fastest growing segment from 2023 to 2032, owing to the increase in regulatory compliance requirements, the need for robust cybersecurity measures, and the demand for real-time monitoring to ensure operational efficiency and security, which is driving the segment growth.

North America led the market share in 2023 

North America led the market share in 2023, owing to the advanced technological infrastructure, high adoption of cloud services, and significant investment in cybersecurity. In addition, the presence of major market players and the increase in demand for sophisticated monitoring solutions across various industries contribute to North America’s dominance in the monitoring tools market. 

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A324143

Major Industry Players: – 

• Amazon Web Services, Inc. 
• Cisco Systems, Inc. 
• Dynatrace, Inc. 
• Google LLC 
• IBM Corporation 
• Microsoft 
• NETSCOUT Systems, Inc. 
• New Relic, Inc. 
• Riverbed Technology LLC 
• Splunk Inc 

The report provides a detailed analysis of these key players in the global monitoring tools market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, acquisition and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Recent Development: 

• In February 2023, Tech Mahindra, a provider of digital transformation, consulting, and business re-engineering services and solutions, announced the launch of SANDSTORM. This groundbreaking remote real-time network monitoring and smart device assurance service is designed for telcos and enterprises. SANDSTORM enables service providers to remotely measure customer experiences across various devices, including smartphones, tablets, VR headsets, smart TVs, and connected cars. 
• In August 2021, Netscout Systems, Inc. launched NETSCOUT Smart Edge Monitoring, which is providing IT teams with comprehensive visibility and insights to ensure optimal end-user experiences across any network or application, regardless of employees’ work locations. 

Trending Reports in ICT & Media Industry:

Computer Vision Market Overview

Physical Security Market Overview

Cloud Services Market Overview

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int’l: +1-503-894-6022

Toll Free: +1-800-792-5285

UK: +44-845-528-1300

India (Pune): +91-20-66346060

Fax: +1-800-792-5285

[email protected] 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 

SOURCE Allied Market Research

Go to Source