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OverviewThe global unified monitoring market is expected to grow at a CAGR of 26% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global unified monitoring market is mainly driven by the growing use of IT infrastructure in the day-to-day running of offices and operations in various industries. According to MRFR, the global unified monitoring market is expected to reach a valuation of USD 11 billion over the forecast period.
Unified monitoring systems allow companies to monitor their entire IT infrastructure from one screen. This presents a significant advantage over conventional monitoring systems, where each part of the IT infrastructure is monitored separately. The growing demand for comprehensive monitoring solutions that cover every part of the network in the same system is mainly driven by the growing awareness about their benefits in terms of security and instant acknowledgment of any errors that may be present in the system. The use of unified monitoring systems allows for instant recognition of problems in the system, reducing the mean time to repair (MTTR). This is a key driver for the global unified monitoring market.
The growing number of online security threats is also likely to drive the demand from the global unified monitoring market over the forecast period. Comprehensive coverage of the company’s IT systems allows for easier recognition of threats to the system and easier removal of the same. This is likely to be a key driver for the global unified monitoring market over the forecast period.
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Competitive Analysis:
Leading players in the global unified monitoring market include CloudAware, Netvisor, Kaseya, Op5, Sciencelogic, SolarWinds, Paessler, Acronis, Fata Informatica, GroundWork Open Source, Opsview, Zoho Corporation, Zenoss, AppDynamics, CA Technologies, and Dynatrace.
Leading players in the global unified monitoring market are likely to focus on innovation in the coming years as the key strategy to gain a competitive edge in the market. Developing cost-effective products that provide comprehensive security coverage of a company’s IT systems is likely to be a preferred strategy for leading players in the global unified monitoring market over the forecast period.
In May 2019, Logz.io Inc. raised USD 52 million in a funding round led by General Catalyst.
Segmentation:
By component, the global unified monitoring market is segmented into solutions and services. The solution segment is sub-segmented into IT infrastructure monitoring, application monitoring, cloud monitoring, and virtual environment monitoring. The services segment is sub-segmented into professional services and managed services.
By deployment, the global unified monitoring 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.
Regional Analysis:
North America is likely to dominate the global Unified Monitoring Market over the forecast period due to the growing use of IT systems in government and other public sector offices as well as industrial sites. The growing use of industrial automation is also likely to be a key driver for the global unified monitoring market over the forecast period, as this drives up the demand for IT and IoT components, which require monitoring from a central node. Many organizations in this region are shifting to more advanced versions of unified monitoring systems due to the growing demand for computing power. This is likely to be a major driver for the global unified monitoring market in North America over the forecast period.
Asia Pacific is expected to exhibit the highest growth rate over the forecast period due to the relative novelty of IT systems in the region, which has generated a significant scope for players in the unified monitoring market to expand their operations. The growing use of IT systems in the BFSI and government sectors is likely to be a major driver for the global unified monitoring market in Asia Pacific over the forecast period.
Europe is also likely to hold a significant share in the global unified monitoring market over the forecast period due to the easy availability of advanced IT systems. On the other hand, the Middle East and Africa and Latin America are likely to exhibit little progress in the market over the forecast period.
LIST OF TABLES
Table 1 Unified Monitoring Market: By Region, 2018-2023
Table 2 North America Unified Monitoring Market: By Country, 2018-2023
Table 3 Europe Unified Monitoring Market: By Country, 2018-2023
Table 4 Asia Pacific Unified Monitoring Market: By Country, 2018-2023
Table 5 The Middle East & Africa Unified Monitoring Market: By Country, 2018-2023
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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 2018, By Country (In %)
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Name: Market Research Future
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com/reports/unified-monitoring-market-6043
Release ID: 523966
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