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Unified Monitoring Market to have Good Business Opportunities in the Coming Years
The increasing amount of data generated and recorded by organizations can be analyzed to track and scrutinize performance at all levels of the enterprise. With growing competition, there is an immediate need to gain a competitive and strategic edge over competitors. Through unified monitoring, businesses gain the insights needed for quick-decision-making and strategic advantages, which is an add-on feature in such software. Additionally, growing volumes of business and customer data generated by organizations find application in this software, thus emphasizing the need for unified monitoring. However, the high installation cost of the solution is a major restraint which is likely to adversely affect the market growth in the coming years.
The global unified monitoring market can be segmented on the basis of deployment, organization size, end-use vertical, and geography. In terms of deployment, the market has been categorized into cloud and on-premise. Based on organization size, the global unified monitoring market has been categorized into small & medium enterprise (SME) and large enterprise. On the basis of end-use industry, the market has been segmented into IT and telecom, BFSI, retail, manufacturing, healthcare, government, transportation and others.
The global unified monitoring market is segmented on the basis of regions into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to hold a prominent share in the global unified monitoring market. This dominance is primarily due to the presence of many global players in this region especially in the U.S. and Canada. Europe is also forecast to hold a significant position in terms of market share. This trend can be attributed to the increasing focus on innovations obtained from research and development and IT technologies in the developed countries. Furthermore, the Asia Pacific region is expected to emerge as the fastest growing market in the years from 2018 – 2026. High adoption of application performance related solutions along with the growing adherence toward regulatory compliances are some of the factors driving the Asia Pacific unified monitoring market. Growing economies in the Asia Pacific region such as India and China are inviting global players to their local markets which is supporting the growth of the unified monitoring market in the region.
Companies are strengthening their position through merger & acquisition and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers. Furthermore, unified monitoring solution providers are planning to invest in advanced technologies such as artificial intelligence with a target to provide cost competitive products in the market in the near future.
The major vendors that offer unified monitoring market solutions and services across the globe include Dynatrace, CA Technologies, AppDynamics, Zenoss, Zoho Corporation, Opsview, GroundWork Open Source, and Fata Informatica, Acronis, and Paessler