According to a new report, published by KBV research, The Global Cloud Monitoring Market size is expected to reach $10.80 billion by 2031, rising at a market growth of 20.8% CAGR during the forecast period.
The SMEs segment captured the maximum revenue in the Global Cloud Monitoring Market by Enterprise Size in 2023, thereby, achieving a market value of $7.2 billion by 2031. SMEs embrace cloud technologies to streamline operations, improve efficiency, and reduce upfront infrastructure costs. Cloud monitoring solutions, particularly those offered via SaaS models, appeal to SMEs because they offer real-time insights, enhanced security, and system performance monitoring without requiring significant in-house IT expertise.
The SaaS segment is experiencing a CAGR of 20.2 % during the forecast period. The Software as a Service (SaaS) segment is primarily driven by its ease of deployment, cost-effectiveness, and minimal infrastructure requirements. Organizations are increasingly adopting SaaS-based cloud monitoring solutions because they eliminate the need for complex on-premises installations and allow businesses to access monitoring services through subscription models.
The IT & Telecom segment led the maximum revenue in the Global Cloud Monitoring Market by Industry Vertical in 2023, thereby, achieving a market value of $4.5 billion by 2031. The increasing demand for reliable, high-performance digital communication and data services primarily drives the IT & telecom segment. Advanced cloud monitoring tools are essential as telecom operators and IT service providers manage complex infrastructures spanning cloud, on-premises, and hybrid environments.
The Cloud Storage Monitoring segment is growing at a CAGR of 19.6 % during the forecast period. The exponential increase in data generation from digital transformation initiatives, IoT devices, and cloud-based applications drives the cloud storage monitoring segment. Continuous monitoring is imperative to guarantee the availability, integrity, and security of data, as organizations significantly depend on cloud storage solutions to manage large volumes of business-critical data.
Full Report: https://www.kbvresearch.com/cloud-monitoring-market/
The North America region dominated the Global Cloud Monitoring Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5.50 billion by 2031. The Europe region is anticipated to grow at a CAGR of 20.5% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 22% during (2024 - 2031).
By Enterprise Size
By Service Model
By Industry Vertical
By Type
Unique Offerings 
