Cloud Monitoring Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Cloud Monitoring Market
The cloud monitoring market size was globally valued at USD 2.20 billion in 2023 and its projected growth from USD 2.64 billion in 2024 to USD 13.60 billion by 2032 with a Compound Annual Growth Rate of 22.7% during period 2024-32.Cloud monitoring includes monitoring the data and managing the performance,availability and also involves the security of application ,services and infrastructure based on cloud monitoring.Ensuring the optimal performance and identifying the potential issues and also making the informed decision is all the part of cloud monitoring by collecting and analyzing the cloud environment.
The rising demand for the software as a service is a tool in the large enterprises for the cloud monitoring market growth.According to a survey ,99% of companies interviewedrevealedthat cloud monitoring solutions has significantly influenced their business values.
The rise of the remote work due to COVID-19 pandemic has verysignificantly impacted by increasing reliance on cloud based services. This led to increase in the demand for cloud monitoring tools by ensuring different features like ensuring the performance ,security of remote accessible applications ,availability. Thus the growing need for monitoring cloud based applications during the pandemic pushed the global cloud monitoring market share.
Additionally the growing trend of remote work will lead to more demand of cloud monitoring tools and increasing in the the use of cloud monitoring tools by large enterprises for its market expansion.
Comprehensive Analysis of Cloud Monitoring
Cloud monitoring has been growing at a rapid rate because of its segmentation in different types of sectors segmented by type analysis, by cloud architecture analysis, by service model analysis, by enterprise type analysis, by industry each type having their own market share. Based on type analysis ,this segment was the highest cloud monitoring share by 2023.It is divided into database monitoring, virtual network monitoring ,website monitoring, cloud storage monitoring and virtual machine monitoring. The website monitoring market will grow at the highest CAGR during the forecast period. Based on cloud architecture it is further segmented into public cloud, private cloud and hybrid cloud. The share for the public cloud market share was significant by 2023.As per the service model the market is segmented into SaaS,PaaS,IaaS,FaaS.IaaS will be growing significant during the forecast period. The market is segmented into large enterprise and SMEs.Cloud will support the expansion of the segment in future.SMEs during the forecast period 2024-2032 will grow at the highest CAGR owing to the increased need and awareness of cloud monitoring.Global Cloud monitoring market share by industry was categorized into Healthcare,BFSI,Manufacturing,Telecom,government and others .BFSI had a major market capture by 2023.During the 2024-2032 the healthcare segment will grow at the highest CAGR.
By 2022 the North America market held the largest cloud marketing share.The rapidadoption of cloud basedsolutions and increasing number of vendors in the region boost the market.During the 2024-2032 ,Asia Pacific is estimated to record the highest CAGR.It is majorly driven by increasing adoption in country like India and China. Countries like Oman,Bahrain,UAE,Qatar and others are adopting the digitization in the cloud.Middle East and Africa are also growing at a substial CAGR during the forecast period.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 22.7% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Database Monitoring
Website Monitoring
Virtual Network Monitoring
Cloud Storage Monitoring
Virtual Machine Monitoring
By Cloud Architecture
Public Cloud
Private Cloud
Hybrid Cloud
By Service Model
SaaS
PaaS
IaaS
Others (FaaS)
By Enterprise Type
SMEs
Large Enterprise
By Industry
BFSI
Healthcare
IT & Telecom
Government
Manufacturing
Others (Retail)
By Region
North America (By Type, By Cloud Architecture, By Service Model, By Enterprise Type, By Industry, and By Country)
- U.S.
- Canada
- Mexico
Europe (By Type, By Cloud Architecture, By Service Model, By Enterprise Type, By Industry, and By Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
Asia Pacific (By Type, By Cloud Architecture, By Service Model, By Enterprise Type, By Industry, and By Country)
- China
- India
- Japan
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
Middle East & Africa (By Type, By Cloud Architecture, By Service Model, By Enterprise Type, By Industry, and By Country)
- Turkey
- Israel
- GCC
- South Africa
- North Africa
- Rest of Middle East & Africa
South America (By Type, By Cloud Architecture, By Service Model, By Enterprise Type, By Industry, and By Country)
- Brazil
- Argentina
- Rest of South America
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