PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1527947
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1527947
The IT infrastructure monitoring market is poised for significant growth.The market is projected to reach $3.97 billion in 2024 and $12.98 billion by 2031, growing at a CAGR of 18.40%. IT infrastructure monitoring software records the availability of IT infrastructure hosted in the cloud as infrastructure as a service (IaaS) or in a data center. This software monitors and compiles the availability and resource utilization metrics of servers, networks, databases, hypervisors, and storage. These tools collect metrics in real time and analyze or track trends in the elements they monitor.
Rapid advances in programming have characterized frameworks and distributed computing, increasing the adaptability, elusiveness, and on-demand nature of the IT foundation. As the complexity of an enterprise's organization and framework grows, it is critical that the IT foundation adapt to this growing scale. AI integration makes IT infrastructure intelligent enough to recognize data trends, understand the relationship between IT components, and make appropriate decisions. AI algorithms can be trained, tested, and put into use by accessing and managing computing resources, propelling market expansion.
The IT infrastructure monitoring software market is expanding due to the global increase in spending on IT infrastructure. However, the market may experience a slowdown due to the growing security threat posed by cyberattacks. Additionally, the expanding presence of service providers is anticipated to benefit the IT infrastructure monitoring software market.
The infrastructure monitoring market will see new opportunities presented by the rising popularity of infrastructure monitoring. The market will benefit from investments made by businesses and advancements in service customization for infrastructure monitoring software. In terms of the regional market Analysis, North America holds a leading market share in the global Analysis and is expected to retain its leading position throughout the forecast period. Meanwhile, demand for IT infrastructure monitoring in the Europe region will also remain significant.
What Factors Drive the Market for IT Infrastructure Monitoring?
"IT Infrastructure Monitoring Market Dominant Among Large Enterprises"
IT infrastructure monitoring requirements vary for enterprises based on the size of their IT infrastructure. Small enterprises may not invest in this solution due to minimal infrastructure needs. However, this technology will be in high demand from data center vendors and ISPs (Internet service providers), regardless of their size.
Why is the US IT Infrastructure Monitoring Market Growing in Enterprise?
"Presence of Large Enterprises and Data Centers in US Drives the IT Infrastructure Monitoring Market"
The US hosts numerous data centers, large enterprises, and extensive IT infrastructure across various industrial sectors. Being home to several large multinational companies, the US is a hub for large-scale IT infrastructure globally. The country is also prone to numerous cyber-attacks, making it crucial for large enterprises to monitor and protect their infrastructure regularly. Due to these factors, the US IT infrastructure monitoring market holds a significant market share.
How Will the IT Infrastructure Monitoring Market Create Lucrative Growth in India?
"Growing Industries Drive the IT Infrastructure Monitoring Market in India"
India's economy is expanding rapidly and is expected to grow significantly by the end of the forecast period. This economic growth is supported by the development of several industrial verticals, including e-commerce and edu-tech businesses. Being the second-largest population in the world, India requires vast infrastructure for internet supply. These factors are driving the IT infrastructure monitoring market in India.
Why is IT Infrastructure Increasing in Europe? Which Country Holds the Largest Growth?
"Rapid Growth in BFSI Sector in the UK Drives the IT Infrastructure Monitoring Market"
The UK is one of the most economically powerful countries in Europe. The presence of numerous businesses, both within and outside its borders, that require heavy infrastructure, such as the oil and petroleum or BFSI sectors, drives the demand for IT infrastructure monitoring. The IT infrastructure monitoring market in the UK is expected to grow significantly due to these factors.
Category-wise Insights
Why Does the Software Segment Hold the Largest Market?
The market is divided into software and services. The software segment accounts for a substantial portion of the global market share and is expected to maintain its position over the next ten years. Software is essential for running and managing IT environments in businesses. Various versions of IT infrastructure monitoring software cater to different requirements and industrial backgrounds, contributing to the large market share of the software segment.
In Deployment, Why is the On-Premise Segment Increasing in Adoption in the IT Infrastructure Monitoring Market?
Based on deployment, the market is segmented into cloud IT infrastructure monitoring and on-premise IT infrastructure monitoring. The on-premise segment holds a significant share of the global market. Users have greater control with on-premise systems as data is stored locally, which benefits compliance with regulations. This enhances the overall quality of IT infrastructure monitoring, allowing the on-premise segment to maintain a substantial market share.
Competitive Analysis
Major IT infrastructure monitoring companies are collaborating and partnering with other organizations to provide more solutions and improve their product portfolios.
Recent developments related to key players providing IT infrastructure monitoring market solutions have been tracked by analysts at Fairfield Market Research.
Key Companies Profiled
Key Segments of IT Infrastructure Monitoring Market Industry Research
§ Network Monitoring Software
§ Server Monitoring Software
§ Application Performance Monitoring Software
§ Endpoint Management Software
§ Others
§ IT Consulting Services
§ Integration and Deployment
§ Monitoring Services
§ Support and Maintenance
§ Managed IT Services