The unified monitoring market size is expected to grow from USD 3.32 billion in 2018 to USD 11.10 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 27.3% during the forecast period.
Increasing complexities in applications, applications running on the dynamic IT environment, reduced time to resolve issues, and increasing need to efficiently manage the security and performance of the IT infrastructure are major growth factors for the market. However, organizations' reluctance in adopting modern technologies could affect the growth unified monitoring market.
Unified monitoring services help consult, integrate, and support organizations across various industries in effectively dealing with threats, thereby ensuring visibility and security across all business functions. On the basis of services, the unified monitoring market has been segmented into training and consulting, integration and deployment, and support and maintenance. With the increasing penetration of big data, IoT, edge computing, cloud, and related technologies, the demand for unified monitoring services among enterprises is gaining huge traction.
The cloud deployment of unified monitoring solutions offers various benefits, such as enhanced security, improved scalability, better flexibility, and lower costs. The cloud deployment type provides the option of scalability, whereas enterprises that are more concerned about security tend to opt for the private cloud deployment type. The cloud offers high-end performance and greater security. Moreover, it is highly scalable, flexible, and cost-efficient as compared to the on-premises deployment type.
North America is expected to hold the largest market size during the forecast period, as organizations are shifting toward new and upgraded technologies with the increasing adoption of digital business strategies. Furthermore, organizations have invested in advanced technologies to gain a competitive advantage and improve business operations.
APAC is expected to be the fastest-growing region in the global unified monitoring market. The key reasons for the high growth rate in APAC include the positive economic outlook in the region, increased spending on Information Technology (IT) infrastructure, and the tendency of unified monitoring to drive customer experience and improve the operational issues.
Key Topics Covered
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.4 Years Considered for the Study 1.5 Currency 1.6 Stakeholders
2 Research Methodology 2.1 Research Data 2.1.1 Secondary Data 2.1.2 Primary Data 220.127.116.11 Breakdown of Primaries 18.104.22.168 Key Industry Insights 2.2 Market Size Estimation 2.3 Research Assumptions 2.4 Limitations
3 Executive Summary
4 Premium Insights 4.1 Attractive Market Opportunities in the Unified Monitoring Market 4.2 Market By Deployment Type (2018 vs 2023) 4.3 Market Shares of the Top 3 Verticals and Regions, 2018 4.4 Market Investment Scenario
5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 22.214.171.124 Increasing Complexities in Applications 126.96.36.199 Applications Running on the Dynamic IT Environment 188.8.131.52 Reduced Time to Resolve Issues 184.108.40.206 Increasing Need to Efficiently Manage the Security and Performance of the IT Infrastructure 5.2.2 Restraints 220.127.116.11 Organizations' Resistance to Adopting Modern Technologies 5.2.3 Opportunities 18.104.22.168 Growing Need to Improve the Customer Experience 22.214.171.124 High Rate of Adoption Among SMEs 5.2.4 Challenges 126.96.36.199 Strict Government Rules and Regulations 188.8.131.52 Lack of Network Bandwidth 5.3 Regulatory Framework 5.3.1 International Organization for Standardization/International Electrotechnical Commission (ISO/IEC) 38500 5.3.2 International Organization for Standardization/International Electrotechnical Commission (ISO/IEC) 27018 5.3.3 National Institute of Standards and Technology (Nist) Cybersecurity Framework (CSF) 5.3.4 Cloud Security Alliance (CSA) Cloud Controls Matrix 5.3.5 Payment Card Industry Data Security Standard (PCI DSS) 5.3.6 Federal Information Security Management Act (FISMA)
6 Unified Monitoring Market, By Component 6.1 Introduction 6.2 Solutions 6.2.1 IT Infrastructure Monitoring 184.108.40.206 Server Monitoring 220.127.116.11 Storage Monitoring 18.104.22.168 Network Monitoring 6.2.2 Application Monitoring 22.214.171.124 Database Monitoring 126.96.36.199 Log Monitoring 188.8.131.52 Operating System Monitoring 184.108.40.206 Website Monitoring 6.2.3 Cloud Monitoring 220.127.116.11 Public Cloud Monitoring 18.104.22.168 Private Cloud Monitoring 22.214.171.124 Hybrid Cloud Monitoring 6.2.4 Virtual Environment Monitoring 126.96.36.199 Virtual Machine Monitoring 188.8.131.52 Container Monitoring 6.3 Services 6.3.1 Training and Consulting 6.3.2 Integration and Deployment 6.3.3 Support and Maintenance
7 Unified Monitoring Market, By Deployment Type 7.1 Introduction 7.2 On-Premises 7.3 Cloud
8 Market By Organization Size 8.1 Introduction 8.2 Large Enterprises 8.3 Small and Medium-Sized Enterprises
9 Market By Vertical 9.1 Introduction 9.2 Banking, Financial Services, and Insurance 9.3 Telecommunications and ITes 9.4 Healthcare and Life Sciences 9.5 Government and Public Sector 9.6 Manufacturing 9.7 Transportation and Logistics 9.8 Consumer Goods and Retail 9.9 Others
10 Unified Monitoring Market, By Region 10.1 Introduction 10.2 North America 10.2.1 US 10.2.2 Canada 10.3 Europe 10.3.1 UK 10.3.2 Germany 10.3.3 France 10.3.4 Rest of Europe 10.4 Asia Pacific 10.4.1 Japan 10.4.2 Australia and New Zealand 10.4.3 China 10.4.4 Rest of Asia Pacific 10.5 Middle East and Africa 10.5.1 Middle East 10.5.2 Africa 10.6 Latin America 10.6.1 Brazil 10.6.2 Mexico 10.6.3 Rest of Latin America
11 Competitive Landscape 11.1 Overview 11.2 Competitive Situations and Trends 11.2.1 Partnerships, Agreements, and Collaborations 11.2.2 New Product Launches and Product Enhancements 11.2.3 Business Expansions 11.2.4 Mergers and Acquisitions