by on September 27, 2023

Market Overview

The cloud monitoring industry is projected to reach USD 9.3 billion by 2030, exhibiting a CAGR of 19.60% during the forecast period. The growth of the market is attributed to the increasing adoption of cloud computing by businesses of all sizes. Cloud computing offers businesses a number of advantages, including scalability, flexibility, and cost-effectiveness. However, it can also be complex and challenging to manage. Cloud monitoring solutions help businesses to monitor and manage their cloud infrastructure, applications, and data.

Key Companies

Some of the key players in the cloud monitoring market include:

  • Amazon Web Services (AWS)
  • Microsoft Azure
  • Google Cloud Platform (GCP)
  • IBM
  • Cisco
  • SolarWinds
  • Oracle
  • LogicMonitor
  • Dynatrace
  • New Relic
  • AppDynamics
  • Datadog

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Market Segmentation

The cloud monitoring market is segmented by:

  • Component: Infrastructure monitoring, application monitoring, and log management
  • Deployment type: On-premises and cloud-based
  • Organization size: Small and medium-sized enterprises (SMEs) and large enterprises
  • Industry vertical: Banking, financial services, and insurance (BFSI), retail and consumer goods, telecommunications and IT, healthcare, manufacturing, and others
  • Region: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa

Regional Insights

North America is expected to hold the largest market share in the global cloud monitoring market during the forecast period. This is due to the early adoption of cloud computing and the presence of a large number of cloud vendors in the region. Europe is expected to be the second-largest market, followed by Asia Pacific. The Asia Pacific market is expected to grow at the highest CAGR during the forecast period, due to the increasing adoption of cloud computing by businesses in the region.

Industry Latest News

  • In September 2023, Amazon Web Services (AWS) announced the launch of Amazon CloudWatch Synthetics, a new service that enables developers to monitor the end-to-end performance of their web applications and APIs.
  • In August 2023, Microsoft Azure announced the launch of Azure Monitor Agent for Kubernetes, a new agent that provides unified monitoring for Kubernetes clusters.
  • In July 2023, Google Cloud Platform (GCP) announced the launch of Cloud Monitoring for Applications, a new service that provides comprehensive application monitoring capabilities.

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