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Global Cloud Monitoring Market 2017-2022 by Component, Service Model & Organization Size - Market to Reach $1.97 Billion - Research and MarketsThe "Cloud Monitoring Market by Component (Solution and Services (Integration and Deployment, Support and Maintenance, and Training and Consulting)), Service Model, Organization Size, Industry, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering. Regulatory bodies around the globe are increasingly requiring compliances towards stringent data usage and storage guidelines. Standards such as the PCI (News - Alert) DSS have large compliance requirements for payment card operations. Moreover, compliance required from HIPAA and Federal Information Security Modernization Act for federal agencies have become the driving forces for creating new security standards. This is one of the major growth drivers for the cloud monitoring market as these solutions provide effective controls that aid in meeting such compliances. However, concerns related to limited cloud visibility may prevent the end-users from adopting these solutions. The IaaS deployments can generate a massive amount of processor load and network usage, thus monitoring and management of IaaS resources is critical for smooth business operations. Therefore, demands of IaaS deployments is increasing in various industry verticals. The major benefit large enterprises receive with cloud transformaion is that the cloud services are maintained and supported by the vendors themselves. Firms can thereby engage their employees in more strategic business tasks. The demand for flexible, scalable, and convenient solutions for large enterprises pushes service providers to come up with new technologies and offer innovative solutions. Hence, the cloud monitoring market for large enterprises is growing at a significant rate. North America is estimated to capture the largest market share in 2017, and the trend is likely to continue during the forecast period. Growing adoption of cloud-based services in SMEs and large enterprises is driving the revenue growth in this region. Moreover, the increasing concerns toward data breaches and other security attacks have significantly driven the US cloud monitoring market. On the other hand, the cloud monitoring market in APAC is expected to witness an exponential growth and is projected to be one of the fastest-growing regions in the global cloud monitoring market. This is mainly due to the large-scale adoption of cost-effective cloud-based solutions in these regions. Market Dynamics Drivers
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For more information about this report visit https://www.researchandmarkets.com/research/zn263s/global_cloud?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20180103005549/en/ |
