Unified Monitoring Market Analysis by Vertical (Retail, BFSI, Healthcare, IT & Telecommunication, and Others); by Deployment Type (Cloud, and On-Premise); and by Component (Services, and Solutions)-Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

 Global Unified Monitoring Market Size, Forecast, and Trend Highlights Over 2022 - 2031 

The global unified monitoring market is estimated to garner a significant revenue by the end of 2031 by growing at a CAGR of ~27% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 7.0 Billion in the year 2021. The growth of the market can be attributed to the rising prevalence of server-less architecture. For instance, approximately 75% of cloud services have become server-less, and this proportion is expected to continue in the future.

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Unified Monitoring is a platform that integrates the monitoring of your entire IT infrastructure, including physical, virtual, and cloud resources. It's a tried-and-true strategy for lowering service outages, increasing end-user and IT productivity, optimizing capital investment, and adhering to industry standards. Moreover, single interface users are monitoring the cloud, devices, network, and data in the organizations and it is expected to drive the growth of the global unified monitoring market. More than 2.5 quintillion bytes of data is produced every year in the year 2022.

Global Unified Monitoring Market: Growth Drivers and Challenges

Growth Drivers

• Increasing IOT Devices – The overall performance of organizations across the globe is dependent upon the proper functioning of these type of devices. Therefore, it is anticipated to increase the growth of the global unified monitoring market. It was discovered that in 2022, IoT connections increased by more than 8%, or to 12.2 billion active endpoints in 2021, with a global total of more than 14 billion expected in 2022.

• High Adoption of Cloud-Based Infrastructure – There has been rapid advancement in the technologies that have to be monitored. Therefore, it is projected to surge the growth of the global unified monitoring market. Spending on compute and storage infrastructure products for cloud services, including dedicated and shared environments, increased 18% year on year in the first quarter of 2022, reaching USD 18 billion.

• Growing Trend of Bring Your Own Device (BYOD) With Businesses – With the support of one single user interface, all the devices can be monitored and it is anticipated to surge the growth of the global unified monitoring market. More than 55 per cent of organizations around the world has adopted BYOD devices.

• Increasing Number of Small & Medium Enterprises – As the number of small & medium enterprises is increasing, there will be a higher demand for unified monitoring devices. According to the Office of the United States Trade Representative, nearly 28 million small and medium-sized businesses in the United States, representing roughly two-thirds of new private jobs.

Challenges

• High Cost for the Installation of the System

•  Threat to Data Security

• Reluctance by Companies to Opt for New Technologies

The global unified monitoring market is segmented and analyzed for demand and supply by deployment type into cloud, and on-premise. Out of these, the cloud segment is anticipated to hold the largest share over the forecast period owing to the high adoption of cloud-based infrastructure among the organizations as it reduces operational costs.  More than 80 per cent of the small & medium businesses in the United States has reported the reduction in the cost after the adoption of cloud technology.

Global Unified Monitoring Market Regional Synopsis

Regionally, the global unified monitoring market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in the North America region is projected to hold the largest market share by the end of 2031 on the back of highest internet penetration rate, and rising investment in the infrastructure by the companies. For instance, as per the World Bank, nearly 91 per cent of the total population in the United States are internet users in the year 2021.

The market in the Asia Pacific region is expected to witness the fastest growth by the end of 2031 owing to the increasing development of software organizations, presence of growing economies such as India and China.

Market Segmentation

Our in-depth analysis of the global unified monitoring market includes the following segments:

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Key Companies Dominating the Global Unified Monitoring Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global unified monitoring market that are included in our report are Paessler AG, CA Technologies, Groundwork Open Source Inc., Fata Informatics, Zoho Corporation Pvt. Ltd., Dynatrace LLC, Appdynamics, Zenoss Inc., Opsview Ltd., Acronis International GmbH, and others.

Global Unified Monitoring Market: Latest Developments

• May, 2022: Paessler AG, and Rittal has announced the combining of their Rittal CMC III and Paessler PRTG monitoring solutions within the reference of Paessler Uptime Alliance Programme.

• March, 2022: Acronis International GmbH announced the two opening of two new data centers in Estonia and Latvia that will provide all services providers an access to a full range of cyber protection solutions on the basis of which they can build new services.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

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Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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