Global IT Infrastructure Monitoring Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

IT infrastructure monitoring refers to the methodical gathering of data within a network, server, or application infrastructure. Alerts about unexpected downtime, network incursions and resource saturation are given using the collected data. They assist in ensuring availability and performance by providing information about the state of physical, virtual and cloud systems.

Sizing and Forecast
The it infrastructure monitoring market size has grown steadily in recent years. It will grow from $24.54 billion in 2023 to $25.73 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%.  The  growth in the historic period can be attributed to cost and operational efficiency, real-time insights, scaling of operations, performance optimization needs, increased dependency on digital infrastructure..

The it infrastructure monitoring market size is expected to see strong growth in the next few years. It will grow to $31.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.  The growth in the forecast period can be attributed to data privacy and governance concerns, remote workforce monitoring, automation and orchestration, edge computing monitoring needs, focus on aiops and ai-driven analytics.. Major trends in the forecast period include  observability and comprehensive insights, embrace of devops practices, real-time and dynamic monitoring, containerization and microservices monitoring, shift to proactive monitoring..

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Segmentation & Regional Insights
The it infrastructure monitoring market covered in this report is segmented –
1) By Types: Bundled Software, Individual Software
2) By Deployment: Cloud It Infrastructure Monitoring, On-Premise It Infrastructure Monitoring
3) By Applications: Small And Medium Enterprises, Large Enterprises
4) By End-User Vertical: Public Sector, IT And Telecom, Healthcare, Transportation, Banking, Financial Serviceand Insurance (BFSI), Aerospace And Defense, Other End-User Verticals

North America was the largest region in the IT infrastructure monitoring market in 2023. Latin America is expected to be the fastest-growing region in the IT infrastructure monitoring market report during the forecast period. The regions covered in the it infrastructure monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increasing adoption of cloud-based solutions by companies is expected to propel the growth of the IT infrastructure monitoring market in the coming years. Cloud-based solutions refer to a cloud-based system, commonly termed "cloud computing," which is a phrase for anything that involves the internet-based delivery of hosted services. A cloud may be both public and private. Cloud computing is preferred by many companies as it allows for quick access to adaptable and affordable IT resources without requiring significant up-front hardware investments or time-consuming installation and maintenance and IT resources can swiftly scale up or down with the properties of cloud solutions to match business demands. For instance, according to Zippia Inc., a US-based company that provides online recruitment services, United States cloud spending is expected to reach $90 billion by the end of 2022, which is 27.8% higher than in 2021. Similarly, 61% of businesses migrated their workloads to the cloud in 2020 alone and as of 2022, 60% of all corporate data is stored in the cloud. Therefore, the increasing adoption of cloud-based solutions by companies is driving the growth of the IT infrastructure monitoring market.

Key Industry Players
Major companies operating in the IT infrastructure monitoring market are increasing their focus on introducing a connected and opinionated observability platform to gain a competitive edge in the market. A connected and opinionated observability platform refers to a comprehensive system that seamlessly integrates various components and takes a distinct stance on best practices for collecting, analyzing, and interpreting data. For instance, in May 2023, New Relic, a US-based software company, launched a new infrastructure monitoring solution. This solution was designed to address issues related to peak billing and screen swivel. The solution provides an integrated experience for monitoring infrastructure and application performance in real-time. This correlation allows engineers, DevOps, and ITOps to easily diagnose performance issues without switching context or missing critical insights due to siloed infrastructure monitoring tools.

The it infrastructure monitoring  market report table of contents includes:
1. Executive Summary

2. IT Infrastructure Monitoring Market Characteristics

3. IT Infrastructure Monitoring Market Trends And Strategies

4. IT Infrastructure Monitoring Market - Macro Economic Scenario

5. Global IT Infrastructure Monitoring Market Size and Growth

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31. Global IT Infrastructure Monitoring Market Competitive Benchmarking

32. Global IT Infrastructure Monitoring Market Competitive Dashboard

33. Key Mergers And Acquisitions In The IT Infrastructure Monitoring Market

34. IT Infrastructure Monitoring Market Future Outlook and Potential Analysis

35. Appendix

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