Global Unified Monitoring Market Research Report, By Component (Solution, & Services), By Deployment (On-Premise, & Cloud), By Organization Size (Small and Medium, and Large), By Vertical (BFSI, Healthcare, IT & Telecommunication, and Retail) – Forecast till 2023
As an organization evolves so does the IT environment, and it becomes important that IT team intelligently monitors all physical, virtual, and cloud components. In traditional monitoring approach, each technology tier is monitored independently by a different tool. It presented a variety of problems that are difficult for IT designers and architects to overcome. To provide the service quality and reliability that businesses expect, IT staff requires unified visibility and actionable insights to diagnose performance across the entire IT environment. Unified monitoring provides visibility into every layer of every tier of infrastructure, from hardware to applications, desktops to storage, virtualization to databases, all from a single pane of glass.
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The market for unified monitoring is expected to grow due to the benefits it offers such as enhanced security, improved scalability, better flexibility, and low cost. It helps to reduce mean time to repair (MTTR) with unified visibility and auto-correlation of performance insights across the network. For instance, Zenoss offers ZenPacks which monitors essential application and software layers within the hybrid IT infrastructure to ensure end-to-end service reliability at low cost. Furthermore, increase in the adoption rate of IoT devices among the enterprises is also a factor driving the growth of unified monitoring market. However, reluctance among enterprises in adopting new technologies could hinder the growth of unified monitoring market.
The global unified monitoring market is expected to reach approximately USD 11 billion by 2023 growing at a ~26% CAGR over the forecast period 2019-2023.
Some of the key players of Unified Monitoring market include Dynatrace (US), CA Technologies (US), AppDynamics (US), Zenoss (US), Zoho Corporation (US), Opsview (UK), GroundWork Open Source (US), and Fata Informatica (Italy), Acronis (Europe), and Paessler (Europe).
Other Players in the market include SolarWinds(U.S), Sciencelogic(U.S), Op5(UK), Kaseya(U.S), Netvisor(UK), CloudAware(U.S).
The prominent players keep innovating and investing in research and development to present cost-effective offerings. Merger and Acquisitions among the various players are changing the market structure. For instance, On March 22nd, 2019, Cisco acquired AppDynamics Inc, a privately held software leader in application and business performance monitoring, located in San Francisco CA. Cisco is better able to anticipate, capture and lead market transition through various acquisitions and strategic partnerships. After acquiring AppDynamics, Cisco was able to provide unprecedented visibility into the performance of customers applications as they had moved them from private cloud to public cloud as well as multi-cloud environments.
The geographical analysis of Unified Monitoring Market is studied for North America, Europe Asia Pacific and the rest of the world.
North America is expected to dominate the unified monitoring market during the forecast period as many organizations are shifting towards new and upgraded technologies with the increasing adoption of digital business strategies.
Asia Pacific is expected to grow at a faster rate due to increased spending on Information Technology (IT) infrastructure by organizations. Also, due to increasing adoption of automation and huge opportunities across industries in the APAC countries, there is a better scope for advancement in the market.
By component, the market is segmented into Solution and Services. Solution is sub-segmented into IT Infrastructure Monitoring, Application Monitoring, Cloud Monitoring, and Virtual Environment Monitoring. Services is sub-segmented into Professional Services and Managed Services.
By Deployment, the market is segmented into On-premise and On Cloud.
By Organization size, the market is segmented into small and medium enterprises and large enterprises.
By Vertical, the market is segmented into BFSI, IT & telecom, Government, Healthcare, Retail, and others
- Training and consulting service providers
- Cloud service providers
- Telecom service providers
- System integrators
- Unified monitoring vendors
- Government Agencies
- Managed service providers
- Networking Companies
- Support and Maintenance Service Providers
- Third-Party Providers
LIST OF TABLES
Table 1 Unified Monitoring Market: By Region, 2019-2023
Table 2 North America Unified Monitoring Market: By Country, 2019-2023
Table 3 Europe Unified Monitoring Market: By Country, 2019-2023
Table 4 Asia Pacific Unified Monitoring Market: By Country, 2019-2023
Table 5 The Middle East & Africa Unified Monitoring Market: By Country, 2019-2023
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LIST OF FIGURES
FIGURE 1 Global Unified Monitoring Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Unified Monitoring Market
FIGURE 4 Value Chain Of Global Unified Monitoring Market
FIGURE 5 Share Of Unified Monitoring Market In 2019, By Country (In %)
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