DELRAY
BEACH, Fla., Oct. 18,
2024 /PRNewswire/ -- The Enterprise Monitoring
Market is expected to reach USD 80.26
billion by 2029 from USD 35.12
billion in 2024, at a CAGR of 18.0 % during 2024–2029,
according to a new report by MarketsandMarkets™.
Browse in-depth TOC on "Enterprise Monitoring
Market"
250 – Tables
55 - Figures
350 –
Pages
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Scope of the Report
Report
Metrics
|
Details
|
Market size available
for years
|
2019-2029
|
Base year
considered
|
2023
|
Forecast
period
|
2024–2029
|
Forecast
units
|
Value (USD)
Billion
|
Segments
Covered
|
By Offering,
Infrastructure Platform, Application Performance Platform, Security
Platform, Digital Experience Platform, Workforce Operations
Platform, Vertical, and Region
|
Region
covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, and Latin
America
|
Companies
covered
|
The major players in
the Enterprise Monitoring Market are Microsoft(US), IBM (US), Cisco
(US), Dynatrace (US), Datadog (US), New Relic (US), Elastic N.V.
(US), BMC Software (US), Zoho Corporation (India), Logic Monitor
(US), SolarWinds (US), Paessler (Germany), Trianz (US),
ScienceLogic (US), Grafana Labs (US), VirtualMetric (Netherlands),
Coralogix (US), Nagios (US), Pandora FMS (Spain), Sumo Logic (US),
Atatus (India), Zabbix (Latvia), Checkmk (Germany), Logz.io (US),
Icinga (Germany), Hubstaff (US), and EfficientLab (US).
|
The major factors driving the market growth of enterprise
monitoring are the increasing sophistication of IT ecosystems and
the need for real-time insights. with the growing adoption of cloud
computing, hybrid environments, and distributed architecture.
Monitoring solutions are essential for managing visibility,
performance, and security across diverse environments.
Another key factor is the rapidly increasing data volumes.
Because customer communications and in-house operations generate a
large amount of data, it is essential for an organization to employ
sophisticated solutions that help analyze this data and make
potentially valuable conclusions. This real-time analysis is very
important in business and organizations to enable informed
decisions, improved processes, and, therefore, competitive
advantages.
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The workforce operations platforms are projected to register
the highest CAGR during the forecast period.
The workforce operations platforms are indispensable tools for
enhancing employee efficiency and boosting the effectiveness of
professionals within enterprises. These platforms offer detailed
insights into the workforce, such as employees' efficiency,
engagement, and procedural activities. With the help of such
information, one can notice existing inefficiencies or potential
bottlenecks and optimize employees' work and resource use.
Components usually include working hours, schedules, performance
reviews, and feedback systems. Workforce operations platforms
provide insights into workforce trends, staffing needs, and
training plans. Additionally, they offer live updates and real-time
visuals, helping managers monitor team performance more
effectively. Employing workforce operations platforms can align
their human resource strategies with broader business goals,
improving performance and fostering stronger organizational
commitment.
The Intrusion Detection and Prevention systems (IDPS) segment
of the security platform is estimated to contribute the largest
market share in the Enterprise Monitoring Market.
Intrusion Detection and Prevention systems (IDPS) are essential
for security platforms specified in the Enterprise Monitoring
Market. These systems check network traffic and look for malicious
activities using signature-based, anomaly-based, or stateful
protocol analysis systems. They can be installed in a network
solution or as a part of a host solution. IDPS notifies an
organization of intrusions and also prevents those intrusions. It
blocks the traffic generated by the intruder and notifies the
administrator. Key features of IDPS include real-time monitoring,
automated responses, quantitative analysis, and account
management.
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Based on region, Asia
Pacific is projected to register the highest CAGR during the
forecast period.
The Enterprise Monitoring Market in the Asia Pacific includes China, Japan,
ANZ, South Korea, India, and the Rest of Asia Pacific. The Asia Pacific region is one of the rising
markets for the Enterprise Monitoring Marketplace owing to the
digital transformation, growing use of cloud services, and AI
solutions. However, Asian countries such as China, Japan,
South Korea, and India, along with Australia and New
Zealand, are pioneers in using cloud-native monitoring
systems along with big data and analytics using AI. The market is
driven by concerns regarding the potential for hacking into
sensitive data and the necessity for compliance with regulations
established in sectors such as manufacturing, telecommunications,
and finance. This is largely due to the increasing demand for
real-time data monitoring of equipment and operational
processes.
Top Key Companies in Enterprise Monitoring Market:
The report profiles key players such as Microsoft(US), IBM (US),
Cisco (US), Dynatrace (US), Datadog (US), New Relic (US), Elastic
N.V. (US), (US), BMC Software (US), Zoho Corporation (India), Logic Monitor (US), SolarWinds (US),
Paessler (Germany), Trianz (US),
ScienceLogic (US), Grafana Labs (US), VirtualMetric (Netherlands), Coralogix (US), Nagios (US),
Pandora FMS (Spain), Sumo Logic
(US), Atatus (India), Zabbix
(Latvia), Checkmk (Germany), Logz.io (US), Icinga (Germany), Hubstaff (US), and EfficientLab
(US).
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