Market Synopsis
In its research study, Market Research Future (MRFR), emphasizes that over the forecast period , the global System Monitoring 2020 is projected to rise exponentially, achieving a significant market valuation that surpasses USD 3.27 Billion recorded in 2018 and a healthy 10.6% CAGR over the review period.
Drivers and Restraints
Growth in outsourced IT infrastructure management and the need for accountable and compliance-based use of the framework are major factors that drive market development. Another main factor driving the global System Monitoring Market is the need for better optimisation of business operations. In addition, a lack of knowledge about device monitoring is expected to present a challenge to this market 's growth. The concerns about data protection and privacy, as well as concerns about the use and access of intellectual property, are factors that restrict market development.
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Competitive Analysis
The key market players operating in the global market as identified by MRFR are SolarWinds (US), ConnectWise Automate (US), Monitis.com (US), NinjaRMM (US), Continuum Managed Services (US), CA Technologies (US), Kaseya (Ireland), Oracle Corporation (US), Ipswitch (US), Red Gate Software Ltd (UK), Paessler AG (Germany), New Relic, Inc. (US), Microsoft Corporation (US), Nagios Enterprises, LLC (US), and Site24x7 (US). The major strategies implemented by most of the players are agreements, partnerships, and collaborations.
The other players in the Global System Monitoring Market include Panopta LLC (US), ScienceLogic (US), Datadog (US), ThousandEyes (US), and Exoprise Systems Inc. (US).
Segmental Analysis
The global system monitoring market has been analyzed based on component, organization size, deployment type, vertical, and region/country.
Based on the component, the global system monitoring market has been bifurcated into solution and services. The solution segment has been classified as network monitoring, application monitoring, server monitoring, cloud monitoring, and others. The services segment has further bee divided into professional services and managed services.
Based on the deployment type, the global system monitoring market has been bifurcated into cloud and on-premise.
Based on the organization size, the global system monitoring market has been bifurcated into small- and medium-sized enterprise (SME) and large enterprise.
Based on the vertical, the global system monitoring market has been divided into IT & telecom, banking, financial services and insurance, government, energy and utilities, manufacturing, healthcare, and others.
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Regional Analysis
The global business regional analysis was conducted in four major regions including Asia Pacific , North America, Europe and the rest of the world.
North America has the largest market share as the corporations in this area have been world leader in technology advancement. Because of the rapid implementation of digital transformation, the US leads the market in North America; as a result, the country's need for accountable and compliance-based program use is rapid.
Owing to the strong demand for better optimisation of business operations between companies across verticals and managed service providers, Europe is projected to be the second-largest market during the review period.
During the forecast period Asia-Pacific is projected to be the fastest-growing region on the global device monitoring region. Growth in outsourced IT infrastructure management is key driver of Asia-Pacific market growth.
SummaryA New Market Study, titled “System Monitoring Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.OverviewThe system monitoring market is anticipated to grow by US$3.27 Billion by 2018 rapidly growing at a CAGR of 10.6% during the forecast period.
The global system monitoring industry is driven by growing demand for business process optimization and process reengineering.
These factors have helped shape the system monitoring market and are expected to boost the growth.
On the basis of components, the market for system monitoring is segmented based on solution [application monitoring, cloud monitoring, network monitoring, server monitoring, others], service [professional service and managed service].
Additionally, the market on the basis of vertical, is segmented into banking, energy and utilities, financial services and insurance, government, healthcare, IT & telecom, manufacturing, and others.
On the basis of organization size, the market for organization size is segmented based on large enterprise and small & medium-sized enterprise.Factors like rising demand for an accountable system along with compliance-based solutions support the system monitoring market growth.
Global System Monitoring Market Research Report: By Component (Solution [Application Monitoring, Server Monitoring, Network Monitoring, Cloud Monitoring, Others], Service [Professional Service and Managed Service]), Deployment Type (On-Premise and Cloud), Organization Size (Large Enterprise and Small & Medium-Sized Enterprise), Vertical (Banking, Financial Services and Insurance, IT & Telecom, Government, Energy and Utilities, Healthcare, Manufacturing and Others), Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) - Forecast till 2027Market SynopsisIn its research study, Market Research Future (MRFR), emphasizes that over the forecast period, the global market 2020 is projected to rise exponentially, achieving a significant market valuation that surpasses USD 3.27 Billion recorded in 2018 and a healthy 10.6% CAGR over the review period.Drivers and RestraintsGrowth in outsourced IT infrastructure management and the need for accountable and compliance-based use of the framework are major factors that drive market development.
Another main factor driving the global device monitoring market is the need for better optimisation of business operations.
In addition, a lack of knowledge about device monitoring is expected to present a challenge to this market's growth.
The concerns about data protection and privacy, as well as concerns about the use and access of intellectual property, are factors that restrict market development.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8477Segmental AnalysisThe global system monitoring market has been analysed based on component, organization size, deployment type, vertical, and region/country.Based on the component, the system monitoring software market has been bifurcated into solution and services.
The solution segment has been classified as network monitoring, application monitoring, server monitoring, cloud monitoring, and others.
The services segment has further bee divided into professional services and managed services.Based on the deployment type, the global system monitoring market has been bifurcated into cloud and on-premise.Based on the organization size, the global system monitoring market has been bifurcated into small- and medium-sized enterprise (SME) and large enterprise.Based on the vertical, the global system monitoring market has been divided into IT & telecom, banking, financial services and insurance, government, energy and utilities, manufacturing, healthcare, and others.Regional AnalysisThe global business regional analysis was conducted in four major regions including Asia Pacific, North America, Europe and the rest of the world.North America has the largest market share as the corporations in this area have been world leader in technology advancement.
Most utilities globally are moving toward digitalization with smart meters and advanced metering infrastructure that allows collection of real-time usage data from customers, along with provision for control functions, including time-based rates and demand response.
For instance, CenterPoint Energy (US) installed an advanced metering system, SCADA mobile data platform, and a customer vision platform to strengthen the connection between the company and its customers.
Similarly, General Electric (US) launched a smart grid test program to demonstrate the potential of integrating digitally equipped devices owned by customers with General Electric’s smart grid for customer energy programs.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8477 Competitive Outlook: The key market players operating in the global market as identified by MRFR are SolarWinds (US), ConnectWise Automate (US), Monitis.com (US), NinjaRMM (US), Continuum Managed Services (US), CA Technologies (US), Kaseya (Ireland), Oracle Corporation (US), Ipswitch (US), Red Gate Software Ltd (UK), Paessler AG (Germany), New Relic, Inc. (US), Microsoft Corporation (US), Nagios Enterprises, LLC (US), and Site24x7 (US).
The major strategies implemented by most of the players are agreements, partnerships, and collaborations.
The services segment has further bee divided into professional services and managed services.
Based on the deployment type, the global system monitoring market has been bifurcated into cloud and on-premise.Based on the organization size, the global system monitoring market has been bifurcated into small- and medium-sized enterprise (SME) and large enterprise.Based on the vertical, the global system monitoring market has been divided into IT & telecom, banking, financial services and insurance, government, energy and utilities, manufacturing, healthcare, and others.
