Global Monitoring Tools Market Size, Share & Industry Trends Analysis Report By Offering (Software (On-premise and Cloud) and Services), By Type, By Vertical, By Regional Outlook and Forecast, 2023 - 2030

Analysis of Market Size & Trends

The Global Monitoring Tools Market size is expected to reach $92.5 billion by 2030, rising at a market growth of 21.4% CAGR during the forecast period.

Due to the growing complexity and demands of the healthcare sector, monitoring tools have become indispensable for ensuring efficient patient care delivery, optimizing processes, and maximizing overall operational effectiveness. Hence, the healthcare and life sciences segment would showcase 1/5^th share in the market by 2030. Monitoring tools in this industry comprise many solutions and technologies created to monitor multiple aspects of healthcare and life sciences, including patient health, medical devices, drug development, and clinical trials. In the healthcare sector, monitoring tools measure vital signs including heart rate, blood pressure, and oxygen saturation, providing real-time data for accurate diagnosis and treatment decisions.

The major strategies followed by the market participants are Acquisitions as the key developmental strategy to keep pace with the changing demands of end users. For instance, In July, 2023, Cisco Systems, Inc. signed an agreement to acquire SamKnows, to empower its network intelligence firm ThousandEyes by adding SamKnows' technologies and entire infrastructure. Moreover, In September, 2021, Dynatrace, Inc. acquired SpectX, to provide high-speed detection and analysis ability to customers.

KBV Cardinal Matrix - Market Competition Analysis

Based on the Analysis presented in the KBV Cardinal matrix; Microsoft Corporation and Google LLC are the forerunners in the Market. In September, 2022, Google LLC completed the acquisition of Mandiant, enabling organizations to modify their security system to meet the demands of the modern world. Companies such as Cisco Systems, Inc., Dynatrace, Inc., IBM Corporation are some of the key innovators in Monitoring Tools Market.

Market Growth Factors

Rising demand for real-time analytics

Organizations rely significantly on their IT systems to drive operations, provide services, and maintain the satisfaction of customers in the modern business landscape. The capacity to continuously monitor systems and applications has given rise to real-time monitoring, which makes it possible to identify and fix problems before they have a chance to create major disruptions. In several ways, real-time monitoring meets the needs of businesses. It enables proactive issue detection, enabling organizations to identify potential bottlenecks, system failures, or security vulnerabilities in real-time.

Untapped potential in emerging markets

Significant opportunities exist for the market for monitoring tools due to the introduction of new markets and untapped potential in developing regions. As developing regions experience rapid economic development and technological advancements, businesses are adopting digital solutions to drive operations and increase productivity. Business digital transformation is frequently in its infancy in emerging markets and developing regions. They may be transitioning from manual or conventional processes to digital systems, making it imperative that comprehensive monitoring tools be in place.

Market Restraining Factors

Substantial implementation and maintenance expenses

High implementation and maintenance costs describe the expenditures connected with the initial setup and continuous maintenance of a specific system, procedure, or technology within a business. This limitation may significantly impact a corporation's financial resources and general profitability. Implementing new technologies or systems often requires substantial investments in hardware, software, training, and integration with the existing infrastructure.

Type Outlook

Based on type, the market is categorized into infrastructure monitoring, application performance monitoring (APM), security monitoring, and end-user experience monitoring tools. In 2022, application performance monitoring (APM) segment recorded a remarkable revenue share in the market. Application discovery and dependency mapping (ADDM), which locates all servers and apps while notifying users and automating threat response procedures, is made easier with the help of APM. It provides a personalized dashboard and facilitates reporting.

Offering Outlook

By offering, the market is fragmented into software and services. The services segment covered a considerable revenue share in the market in 2022. The services component plays a critical role in infrastructure monitoring. The responsibilities covered by the services span a wide variety of activities that facilitate the established use and maintenance of monitoring systems. Service specialists ensure the system is properly configured, calibrated, and integrated for precise data collection. These monitoring services can enhance operator asset management, safety, and productivity.

Vertical Outlook

By vertical, the market is fragmented into BFSI, retail & ecommerce, healthcare & life Sciences, IT & ITeS, media & entertainment, manufacturing, automotive, transportation & logistics, telecommunications, and others. The BFSI segment acquired a substantial growth rate in the market in 2022. Monitoring tools play a crucial role in the Banking, Financial Services, and Insurance (BFSI) sector by providing real-time insights, security enhancements, compliance adherence, and operational efficiency. Monitoring tools track the performance and compliance of third-party vendors providing services to the BFSI sector.

Monitoring Tools Market Report Coverage

Report Attribute	Details
Market size value in 2022	USD 19.9 Billion
Market size forecast in 2030	USD 92.5 Billion
Base Year	2022
Historical Period	2019 to 2021
Forecast Period	2023 to 2030
Revenue Growth Rate	CAGR of 21.4% from 2023 to 2030
Number of Pages	562
Number of Table	903
Report coverage	Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling
Segments covered	Offering, Type, Vertical, Region
Country scope	US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria
Growth Drivers	Rising demand for real-time analytics Untapped potential in emerging markets
Restraints	Substantial implementation and maintenance expenses

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2022, the North America region led the market by generating the highest revenue share. North America has significantly influenced the development and expansion of the market for monitoring tools. Monitoring technologies have significantly increased across many industries in North America in recent years. With corporations heavily investing in cutting-edge monitoring solutions to optimize their IT infrastructure, the region's IT sector, particularly the United States and Canada, has been at the forefront of this growth. Due to the growing popularity of cloud services and the growing need to protect digital assets from cyber threats, cloud and security monitoring have gained traction.

Free Valuable Insights: Global Monitoring Tools Market size to reach USD 92.5 Billion by 2030

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Microsoft Corporation, Google LLC (Alphabet, Inc.), Amazon Web Services, Inc. (Amazon.com, Inc.), IBM Corporation, Cisco Systems, Inc., Dynatrace, Inc., Splunk, Inc., SolarWinds Corporation, Nagios Enterprises LLC and Paessler AG.

Strategies deployed in the Market

» Partnerships, Collaborations and Agreements:

• May-2023: IBM Corporation signed a partnership with NASA, a US space agency responsible for space exploration, space technology, Earth and space science, and aeronautics research. Through this partnership, both organizations are planning to create a geospatial foundation model to track natural disasters and climate change using AI technology. In addition, this strategy would make geospatial analysis even faster and help to predict the climate-related risks to crops, buildings, and other infrastructure.
• May-2023: Splunk, Inc. partnered with Tenable, a cybersecurity company and creator of the vulnerability scanning software Nessus. Through this partnership, both companies would provide better guidance to the security teams to detect the flaws and debug them by taking quick actions. Moreover, this partnership would help the enterprises to reduce business risk by providing productive management capacities.
• Jun-2022: Cisco Systems, Inc. came into partnership with Kyndryl, an American multinational information technology infrastructure services provider that designs, builds, manages, and develops large-scale information systems. With this partnership, both companies will jointly provide solutions to enterprises for the transformation of their business strategies by offering hybrid IT management with more clarity, conformity, and elasticity.
• Apr-2022: Amazon Web Services, Inc. came into collaboration with SKF, a leading company in automotive and industrial-engineered solutions. This collaboration would offer simple and easy monitorization and analysis solutions to collect the data easily using machine learning technologies and make it available to a large range of applications and customers. Moreover, this collaboration would help to improve the productivity of the industrial customers.
• Aug-2021: IBM Corporation signed a collaboration with Black & Veatch, a construction-based company building human infrastructure in Energy, Water, Telecommunications, Government Services, etc. This Collaboration would help enterprises to keep observation of the performance and activities of their organization. Furthermore, both companies are looking forward to offering hybrid Performance Management (APM) solutions for distant analysis, with the help of artificial intelligence to assist customers in keeping equipment and resources working at peak performance.

» Product Launches and Product Expansions:

• Jun-2023: Amazon Web Services, Inc. announced the launch of AWS AppFabric, a completely managed service for the collection of security data across SaaS applications to make better observability. With AWS AppFabric customers can easily combine Saas applications without creating and making custom code or point-to-point integrations, As Saas applications are permitted and attached the AppFabric ingests the data and makes it simple user activity logs.

» Acquisitions and Mergers:

• Jul-2023: Dynatrace, Inc. is acquiring Rookout, a software development company that provides observability platforms to collect data, traces, and logs, etc. Through this acquisition, Dynatrace would be able to provide expanded code-level observability in manufacturing operations. Moreover, this will also attach engagement and command to rectify the problems in the production environments.
• Jun-2023: Cisco Systems, Inc. is acquiring Accedian Networks, a company providing performance analytics and user experience solutions. Through this acquisition, Accedian’s experienced network performance and user experience monitoring technologies will be added to Cisco Systems. Moreover, both companies would jointly offer the powerful Analytics platform, for better deployment of network services, spot performance problems, and resolve the problems.
• Jun-2023: Cisco Systems, Inc. signed an agreement to acquire SamKnows, a provider of internet performance solutions that works alongside governments, consumers, ISPs, and manufacturers. Through this acquisition, Cisco aimed to empower its network intelligence firm ThousandEyes by adding SamKnows' technologies and entire infrastructure.
• Sep-2022: Google LLC completed the acquisition of Mandiant, a company that offers dynamic cyber defense, threat intelligence, and incident response services. Through this acquisition, both companies would enable organizations to modify their security system to meet the demands of the modern world. Furthermore, by combining the product portfolio of both companies, they will be able to provide cyber threat intelligence solutions to enterprises around the world.
• Sep-2021: Dynatrace, Inc. acquired SpectX, a company committed to building an aerial radiography system capable of detecting internal structural defects in real-time with the help of AI approaches. Through this acquisition, Dynatrace will be able to provide high-speed detection and analysis ability to customers. Further, Dynatrace is planning to accelerate the development of new and innovative solutions to strengthen its position in the market.
• Jul-2021: Microsoft Corporation signed an agreement to acquire CloudKnox, a digital platform for managing the entire identity privilege lifecycle across a hybrid cloud through an Activity-based Authorization model. This acquisition would enable organizations to keep a tight observation on their employees, who are doing an unusual activity or other otherized operations.

Scope of the Study

Market Segments Covered in the Report:

By Offering

• Software
  • On-premise
  • Cloud
• Services

By Type

• Infrastructure Monitoring
  • Network Monitoring
  • Storage Monitoring
  • Server Monitoring
  • Cloud Infrastructure Monitoring
  • Others
• Application Performance Monitoring (APM)
  • Database Monitoring
  • Web Application Monitoring
  • Mobile Application Monitoring
  • Code-Level Monitoring
  • Others
• Security Monitoring
  • Log Monitoring & Analysis
  • Intrusion Detection & Prevention Systems
  • Vulnerability Assessment, Management & Others
• End-User Experience Monitoring Tools
  • Synthetic Monitoring
  • Real User Monitoring (RUM)
  • Others

By Vertical

• IT & ITeS
• Telecommunications
• BFSI
• Healthcare & Lifesciences
• Media & Entertainment
• Retail & eCommerce
• Transportation & Logistics
• Automotive
• Manufacturing
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• Microsoft Corporation
• Google LLC (Alphabet, Inc.)
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• IBM Corporation
• Cisco Systems, Inc.
• Dynatrace, Inc.
• Splunk, Inc.
• SolarWinds Corporation
• Nagios Enterprises LLC
• Paessler AG