IT Monitoring Tools Market to grow by USD 47.94 billion from 2022 to 2027 | Improving the efficiency of IT operations to drive the growth- Technavio
NEW YORK, Sept. 24, 2023 /PRNewswire/ -- The IT monitoring tools market is expected to grow by USD 47.94 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 30.46% during the forecast period. The market is segmented by product (ITOA, ITIM, and others), deployment (on-premise and cloud-based), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Improving the efficiency of IT operations is a key factor driving market growth. In real-time, e.g. servers, websites, and applications, IT Monitoring tools provide enterprises with the ability to check the performance of their essential IT infrastructure. Information Technology Monitoring tools that monitor network outages, bandwidth usage, performance metrics, hardware failures, and more. If IT is shut down for one hour, it can have a significant effect on business profitability by losing customers and reducing productivity. The availability of any hardware that is part of an interconnected IT infrastructure, which is hosted on-premises or in the cloud, shall be constantly monitored by ITIM tools. Real-time availability and usage of each machine or device shall also be monitored by the ITIM software. Hence, these factors are expected to drive market growth during the forecast period. The report analyses the market size and growth and provides accurate predictions of the market's growth. View Free PDF Sample
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report
Get a glance at the market contribution of the segments, Request a Free Sample Report
The Software Market size is estimated to grow at a CAGR of 8.47% between 2022 and 2027. The market size is forecast to increase by USD 27.86 billion.
The Web 3.0 blockchain market is estimated to grow at a CAGR of 47.85% between 2022 and 2027. The market size is forecast to increase by USD 27,422.25 million.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Development
Market Segmentation by Geography
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/it-monitoring-tools-market-to-grow-by-usd-47-94-billion-from-2022-to-2027--improving-the-efficiency-of-it-operations-to-drive-the-growth--technavio-301936304.html
Registration Counters Open
Special Presentation by Wildix
Increase Profitability and Retention by Understanding Telecom Taxes and Fees