Cloud Monitoring Market by Deployment Model (Private Cloud, Public Cloud, and Hybrid Cloud), by Component (Solution and Services), by Service Model (Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS)), by Organization Size (Small and Medium-sized Enterprises (SMEs) and Large Enterprises) and by End-User (BFSI, Healthcare & Life Sciences, IT & Telecommunications, Government & Defense, Manufacturing, Retail & E-commerce, Media & Entertainment, and Others) – Global Opportunity Analysis and Industry Forecast 2023-2030

Market Definition

The Cloud Monitoring Market was valued at USD 2.14 billion in 2022 and is predicted to reach USD 9.44 billion by 2030, registering a CAGR of 18.2% from 2023 to 2030. Cloud monitoring comprises observing, reviewing, and managing the operational workflow and processes at intervals in a cloud-based IT or infrastructure. It includes website monitoring, virtual machine monitoring, database monitoring, virtual network monitoring, and cloud storage monitoring hosted in cloud environments.

It is implemented manually with machine-driven IT observation through management techniques to confirm the platform’s performance optimally. Cloud monitoring solutions provide scanning and analysis of databases to protect the system against loss of data. It helps in detecting potential security threats in infrastructure by keeping track of the process and monitoring traffic.

Market Dynamics and Trends

The growing popularity of Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and software-as-a-service (SaaS) is driving the growth of the cloud monitoring market. For instance, SaaS applications are delivered over the Internet and they require cloud monitoring to ensure their availability and performance. According to a study by Baremetrics, the average gross margin for SaaS companies is about 73%. This shows that there is a huge opportunity for the industry as SaaS companies will invest more in cloud monitoring services for improved performance in the near future.

Also, the growing demand for cloud monitoring in the BFSI sector due to various data breaches and security threats, is boosting the growth of the market. According to the IBM Corporation, the average cost of a data breach increased by 15% in 2023 to USD 4.45 million. As a result, 51% of organizations are planning to increase security investments, such as incident response planning and testing, employee training, and threat detection and response tools.

Moreover, cloud monitoring does not require frequent software upgrades and provides cost-effective data security of the system that is expected to propel the growth of the market. The lack of expertise in cloud monitoring along with limited visibility of the cloud tools are factors expected to restrain the growth of the market during the forecast period. On the contrary, the rapid adoption of the Internet of Things (IoT) and the emergence of cutting-edge tools that include ExoPrise, SolarWinds, Hyperic, and New Relic are expected to create ample growth opportunities for the cloud monitoring market in the coming years.

Market Segmentations and Scope of the Study

The cloud monitoring market is segmented on the basis of deployment model, component, service model, organization size, end-user, and region. On the basis of deployment model, the market is segmented into private cloud, public cloud, and hybrid cloud. On the basis of component, the market is divided into solution and services. Based on solution, the market is further segmented into database monitoring, virtual network monitoring, website monitoring, virtual machine monitoring, and cloud storage monitoring. Whereas, based on services, the market is sub-classified into integration & deployment, support & maintenance, and training & consulting.

On the basis of service model, the market is classified into software-as-a-service (SaaS), platform-as-a-service (PaaS), and infrastructure-as-a-service (IaaS). On the basis of organization size, the market is categorized into small and medium-sized enterprises (SMEs) and large enterprises. On the basis of end-user, the market is segmented into BFSI, healthcare & life sciences, IT & telecommunications, government & defense, manufacturing, retail & e-commerce, media & entertainment, and others. Regional breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and Rest of World (RoW).   

Geographical Analysis

North America holds the predominant share of the cloud monitoring market and is expected to continue its dominance during the forecast period. This is attributed to the rising integration of cloud monitoring infrastructure in the healthcare sector in countries, such as the U.S. and Canada to provide visibility into the performance, uptime, and security of cloud-based systems and applications. For instance, in April 2023, Care.ai partnered with Google Cloud to bring transformative ambient monitoring solution to more healthcare systems. It is available on the Google Cloud Marketplace, making it easy for healthcare organizations to integrate it with their existing systems. This AI-powered solution, available on the Google Cloud platform, can help address challenges such as workforce shortages and fragmented patient care.

In addition, the presence of prominent players such as AWS, Microsoft Corporation, IBM Corporation, and AppDynamics among others engaged in offering cloud monitoring services for smooth operation across industries thrives the demand for the market in this region. For instance, in June 2022, AppDynamics, a Cisco company launched AppDynamics Cloud, a cloud-native observability platform for modern applications at Cisco Live 2022. It offers end-to-end visibility into the performance, health, and security of applications, so businesses can make informed decisions about their technology.

Asia-Pacific is expected to show a steady rise in the cloud monitoring market during the forecast period. Prominent companies are expanding their reach to this region to offer their high-quality services related to cloud monitoring to serve their customers and partners. For instance, in April 2023, Oracle announced to expand its presence in Southeast Asia by opening a second cloud region in Singapore. It will make it easier for businesses in the region to access Oracle's cloud monitoring services and improve the performance, reliability, security, and compliance of their cloud-based applications and infrastructure.

Furthermore, the rapid growth of the BFSI sector and the potential threats it faces are driving the adoption of cloud services in the region, which in turn is fueling the demand for cloud monitoring services. According to the International Data Corporation (IDC), there will be around 80% of Chinese banks purchasing and integrating fintech solutions from the cloud market by 2024. Thus, it helps banks to track the performance, security, and compliance of their fintech solutions, cloud monitoring services can help banks to reduce risk and improve customer service.

Competitive Landscape

The cloud monitoring market comprises various market players, such as IBM Corporation, Oracle Corporation, Amazon Cloud Services (AWS), Inc., IDERA Inc., Zenoss Inc., CA Technologies (Broadcom Inc.), Microsoft Corporation, LogicMonitor Inc., Insight, Alibaba Cloud, Dynatrace Inc, Datadog, Goliath Technologies, AppDynamics, and New Relic, Inc., among others. These market players are adopting various product launches as their strategy across various regions to maintain their dominance in the market.

For instance, in February 2023, Goliath Technologies launched an AI-powered cloud monitoring solution to help businesses gain insights into their cloud infrastructure. This centralized cloud monitoring solution provides a single view of AWS and Azure cloud environments, meeting the growing demand for effective multi-cloud monitoring solutions.

Moreover, in March 2021, IBM launched new services to help businesses manage their hybrid cloud security. These services combine IBM's expertise, cloud-native technologies, and third-party technologies to help businesses create a unified security approach across their cloud environments.

Key Benefits

• The cloud monitoring market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assist in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the cloud monitoring market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints, and opportunities and their impact on the cloud monitoring market is provided in the report.

• The competitive analysis of the market players along with their market share in the cloud monitoring market is provided in the report.

• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Key Market Segments

By Deployment Model

• Private Cloud

• Public Cloud

• Hybrid Cloud

By Component 

• Solution

  • Database Monitoring

  • Virtual Network Monitoring

  • Website Monitoring

  • Virtual Machine Monitoring

  • Cloud Storage Monitoring

• Services

  • Integration and Deployment

  • Support and Maintenance

  • Training and Consulting

By Service Model

• Software-as-a-Service (SaaS)

• Platform-as-a-Service (PaaS)

• Infrastructure-as-a-Service (IaaS)

By Organization Size 

• Small and Medium-sized Enterprises (SMEs)

• Large Enterprises

By End-User

• BFSI

• Healthcare & Life Sciences

• IT & Telecommunications 

• Government & Defense

• Manufacturing

• Retail & E-commerce

• Media & Entertainment

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France

  • Italy

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe 

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

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