Unified Monitoring Market 2021 Industry Status and Outlook, Competitive Landscape and Growth by 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for Unified Monitoring Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Unified Monitoring Market products.

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The Unified Monitoring Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

Market Scenario

 As an organization evolves so does the IT environment, and it becomes important that IT team intelligently monitors all physical, virtual, and cloud components. In traditional monitoring approach, each technology tier is monitored independently by a different tool. It presented a variety of problems that are difficult for IT designers and architects to overcome. To provide the service quality and reliability that businesses expect, IT staff requires unified visibility and actionable insights to diagnose performance across the entire IT environment. Unified monitoring provides visibility into every layer of every tier of infrastructure, from hardware to applications, desktops to storage, virtualization to databases, all from a single pane of glass.

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The market for unified monitoring is expected to grow due to the benefits it offers such as enhanced security, improved scalability, better flexibility, and low cost. It helps to reduce mean time to repair (MTTR) with unified visibility and auto-correlation of performance insights across the network. For instance, Zenoss offers ZenPacks which monitors essential application and software layers within the hybrid IT infrastructure to ensure end-to-end service reliability at low cost. Furthermore, increase in the adoption rate of IoT devices among the enterprises is also a factor driving the growth of unified monitoring market. However, reluctance among enterprises in adopting new technologies could hinder the growth of unified monitoring market.The global unified monitoring market is expected to reach approximately USD 11 billion by 2023 growing at a 26% CAGR over the forecast period 2018-2023.

Key Players

Some of the key players of Unified Monitoring market include Dynatrace (US), CA Technologies (US), AppDynamics (US), Zenoss (US), Zoho Corporation (US), Opsview (UK), GroundWork Open Source (US), and Fata Informatica (Italy), Acronis (Europe), and Paessler (Europe).Other Players in the market include SolarWinds(U.S), Sciencelogic(U.S), Op5(UK), Kaseya(U.S), Netvisor(UK), CloudAware(U.S).

The prominent players keep innovating and investing in research and development to present cost-effective offerings. Merger and Acquisitions among the various players are changing the market structure. For instance, On March 22nd, 2017, Cisco acquired AppDynamics Inc, a privately held software leader in application and business performance monitoring, located in San Francisco CA. Cisco is better able to anticipate, capture and lead market transition through various acquisitions and strategic partnerships. After acquiring AppDynamics, Cisco was able to provide unprecedented visibility into the performance of customers applications as they had moved them from private cloud to public cloud as well as multi-cloud environments.

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Segmentation

By component, the market is segmented into Solution and Services. Solution is sub-segmented into IT Infrastructure Monitoring, Application Monitoring, Cloud Monitoring, and Virtual Environment Monitoring. Services is sub-segmented into Professional Services and Managed Services.

By Deployment, the market is segmented into On-premise and On Cloud.By Organization size, the market is segmented into small and medium enterprises and large enterprises.By Vertical, the market is segmented into BFSI, IT & telecom, Government, Healthcare, Retail, and others

Regional Analysis

The geographical analysis of unified monitoring market is studied for North America, Europe Asia Pacific and the rest of the world.North America is expected to dominate the unified monitoring market during the forecast period as many organizations are shifting towards new and upgraded technologies with the increasing adoption of digital business strategies.

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Asia Pacific is expected to grow at a faster rate due to increased spending on Information Technology (IT) infrastructure by organizations. Also, due to increasing adoption of automation and huge opportunities across industries in the APAC countries, there is a better scope for advancement in the market.

Target Audience

Training and consulting service providers

Cloud service providers

Telecom service providers

System integrators

Unified monitoring vendors

Government Agencies

Managed service providers

Networking Companies

Support and Maintenance Service Providers

Third-Party Providers

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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