Monitoring Tools Market by Offering, Type, End-use

List of Tables

[183 Pages Report] The Monitoring Tools Market size was estimated at USD 24.95 billion in 2023 and expected to reach USD 29.56 billion in 2024, at a CAGR 18.84% to reach USD 83.54 billion by 2030.

Monitoring tools comprise a diverse range of software and hardware solutions essential for tracking, analyzing, and optimizing business processes and IT infrastructure across various sectors such as finance, healthcare, retail, and manufacturing. These tools serve crucial functions, including network monitoring, server monitoring, application performance management (APM), log management, and security information & event management. Increasing reliance on IT infrastructure and ongoing digital transformation initiatives are propelling the adoption of monitoring tools across the globe. Moreover, rising cybersecurity concerns and rapid cloud computing advancements enhance the deployment of monitoring tools. Furthermore, high initial costs associated with deploying advanced monitoring solutions and difficulties in integrating with existing IT infrastructure significantly impact the growth of the market. Integration of artificial intelligence into monitoring tools helps businesses detect potential issues before they escalate into critical problems, while machine learning-based automation can significantly reduce manual intervention.

KEY MARKET STATISTICS
Base Year [2023]	USD 24.95 billion
Estimated Year [2024]	USD 29.56 billion
Forecast Year [2030]	USD 83.54 billion
CAGR (%)	18.84%

Regional Insights

In the American region, innovations in technology and increasing investment in research have led to groundbreaking patents. With e-commerce gaining prominence, there has been a significant shift in customer purchasing behavior toward online platforms. Major initiatives by the EU governments have boosted innovation by investing billions of euros in research projects across diverse fields, including AI, healthcare, and climate change mitigation strategies, among others. In the APAC region, China, Japan, and India have witnessed significant technological advancements with investments in areas such as 5G infrastructure, AI, and e-commerce. Additionally, companies' ongoing cutting-edge technology and innovation are driving the market in this region.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Monitoring Tools Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing demand with the rising complexity of IT infrastructure
- Growing adoption of cloud-based infrastructure and applications
- Emerging trend of remote working across the corporate sector

Market Restraints
- High cost associated with implementation and maintaining monitoring tools

Market Opportunities
- Growing incorporation of advanced technologies in monitoring tools
- Huge potential for security-focused monitoring tools

Market Challenges
- Security concerns with usage of monitoring tools

Market Segmentation Analysis
- Offering: Rising employment of monitoring tools softwares for improved performance management
- Type: Emerging application of monitoring tool in IT infrastructure
- End-use: Expansion of monitoring tools across the healthcare sector for patient data & health tracking

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Monitoring Tools Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Monitoring Tools Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

New Relic launches infrastructure monitoring to end peak billing and screen swivel

New Relic has recently announced an integrated and connected experience for its infrastructure monitoring and APM capabilities. This exciting development allows for real-time correlation of application and host health and performance, enabling engineers to quickly diagnose any issues. [Published On: 2023-05-19]

Luxoft and ITRS partner to deliver advanced monitoring tools to banking and capital markets

Monitoring Tools DXC Technology Company, Luxoft, and ITRS form a strategic partnership to design and deliver advanced monitoring tools for banking and capital market platforms. The combined solutions of Luxoft and ITRS aim to assist banks in mitigating operational risks, enhancing resilience, and maintaining compliance. With Luxoft's expertise in implementing and managing complex platforms, combined with ITRS's cutting-edge solutions, the partnership offers end-to-end visibility of transaction and business service performance. [Published On: 2023-03-22]

Auxis Partners with LogicMonitor to Bring Next-Gen Network Monitoring to Managed Service Clients

Auxis has expanded its IT-managed services portfolio by incorporating LogicMonitor's LM Envision. LM Envision stands out as the premier cloud-based observability platform, providing comprehensive and real-time insights into network traffic. This cutting-edge platform offers automated deployment and configuration capabilities that encompass over 2,000 technologies. Additionally, it ensures secure monitoring beyond just data, delivering actionable insights and employing AI-powered alerts to prevent alert storms. [Published On: 2023-01-19]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Monitoring Tools Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Monitoring Tools Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services, Inc., Auvik Networks Inc., CENTREON, Checkmk GmbH, Cisco Systems, Inc., Coralogix LTD, Datadog, Inc., Dynatrace LLC, Google LLC by Alphabet Inc., HCL Technologies Limited, Idera, Inc., International Business Machines Corporation, LogicMonitor Inc., Meltwater Us Holdings Inc., Microsoft Corporation, Nagios Enterprises, LLC, New Relic, Paessler AG, Pandora FMS, SolarWinds Worldwide, LLC, SUMO LOGIC, INC., VMware, Inc., Zenoss, Inc., ZiffDavis, Inc., and Zoho Corporation Pvt. Ltd..

Market Segmentation & Coverage

This research report categorizes the Monitoring Tools Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Services
  - Managed Service
  - Professional Service

Software

Type
- Application Performance Monitoring (APM) Tools
- End-User Experience Monitoring Tools
- Infrastructure Monitoring Tools
- Security Monitoring Tools

End-use
- Automotive, Transportation and Logistics
- Banking, Financial Services, and Insurance
- Healthcare & Life Sciences
- IT & ITeS
- Manufacturing
- Media & Entertainment
- Retail & eCommerce

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-A579C4315941

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand with the rising complexity of IT infrastructure
  - 5.1.1.2. Growing adoption of cloud-based infrastructure and applications
  - 5.1.1.3. Emerging trend of remote working across the corporate sector
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with implementation and maintaining monitoring tools
- 5.1.3. Opportunities
  - 5.1.3.1. Growing incorporation of advanced technologies in monitoring tools
  - 5.1.3.2. Huge potential for security-focused monitoring tools
- 5.1.4. Challenges
  - 5.1.4.1. Security concerns with usage of monitoring tools
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Rising employment of monitoring tools softwares for improved performance management
- 5.2.2. Type: Emerging application of monitoring tool in IT infrastructure
- 5.2.3. End-use: Expansion of monitoring tools across the healthcare sector for patient data & health tracking
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Monitoring Tools Market, by Offering

6.1. Introduction
6.2. Services
6.3. Software

7. Monitoring Tools Market, by Type

7.1. Introduction
7.2. Application Performance Monitoring (APM) Tools
7.3. End-User Experience Monitoring Tools
7.4. Infrastructure Monitoring Tools
7.5. Security Monitoring Tools

8. Monitoring Tools Market, by End-use

8.1. Introduction
8.2. Automotive, Transportation and Logistics
8.3. Banking, Financial Services, and Insurance
8.4. Healthcare & Life Sciences
8.5. IT & ITeS
8.6. Manufacturing
8.7. Media & Entertainment
8.8. Retail & eCommerce

9. Americas Monitoring Tools Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Monitoring Tools Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Monitoring Tools Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. New Relic launches infrastructure monitoring to end peak billing and screen swivel
- 12.3.2. Luxoft and ITRS partner to deliver advanced monitoring tools to banking and capital markets
- 12.3.3. Auxis Partners with LogicMonitor to Bring Next-Gen Network Monitoring to Managed Service Clients
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio