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Cloud Monitoring Market by Component (Solution and Services), Service Type (Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS)), Organization Size (Small and Medium-sized Enterprises, and Large Enterprises), and End User (BFSI, Healthcare & Life Sciences, IT & Telecom, Government & Defense, Manufacturing, Retail & Consumer Goods, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A07975
Pages: NA
Jun 2021 | 406 Views
 
Author(s) : Sajja Sri Parvathi
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Cloud Monitoring Market Statistics: 2027

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.

Cloud Monitoring Market

Market scope and structure analysis:

                    Report Metric

                                           Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Component, Service type, Organization Size, End User, and Region

  Regiond covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and of LATAM) and Middle East and Africa

  Companies covered

Major players analyzed include CA Technologies, Dynatrace LLC, Datadog Inc., IDERA Inc., Kaseya Limited, Logic Monitor Inc., Opsview Ltd., SevOne Inc., SolarWinds Worldwide LLC., and Zenoss Inc.,

 

COVID-19 Scenario Analysis:

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

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

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.

Increase in adoption of cloud-based services

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.

Limited cloud visibility

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. 

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 segments covered:

                 Segments   

                                    Subsegments

  Component

  • Solution
  • Services

  Service Type

  • Software-as-a-Service (SaaS)
  • Platform-as-a-Service (PaaS)
  • Infrastructure-as-a-Service (IaaS)

  Organization Size

  • Small and Medium-Sized Enterprises
  • Large Enterprises

  End User

  • BFSI
  • Healthcare & Life Sciences
  • IT & Telecom
  • Government & Defense
  • Manufacturing
  • Retail & Consumer Goods
  • Media & Entertainment
  • Others

 

Key benefits of the report:

  • 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.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cloud monitoring market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global cloud monitoring market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the cloud monitoring market. 
  • The report provides a detailed cloud monitoring market analysis based on the present and future competitive intensity of the market.
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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