The IT infrastructure monitoring market is witnessing significant growth, driven by the increasing need for robust IT infrastructure across various sectors. The market is projected to reach $3.97 billion in 2024 and $12.98 billion by 2031, growing at a CAGR of 18.40%.IT infrastructure monitoring software plays a crucial role in recording the availability and resource utilization of IT infrastructure hosted in the cloud as infrastructure as a service (IaaS) or in a data center. This software monitors and compiles the availability and resource utilization metrics of servers, networks, databases, hypervisors, and storage, collecting metrics in real time to analyze and track trends in the elements they monitor.
The global increase in spending on IT infrastructure has significantly contributed to the expansion of the IT infrastructure monitoring software market. However, the market may experience a slowdown due to the growing security threats posed by cyberattacks. Despite these challenges, the expanding presence of service providers is anticipated to benefit the market.
Europe: In Europe, the demand for IT infrastructure monitoring is substantial, with the UK being a significant contributor. The UK’s strong economic position and the presence of numerous businesses requiring heavy infrastructure, such as the BFSI sector, drive the demand for IT infrastructure monitoring.
Asia-Pacific: The IT infrastructure monitoring market in India is expected to experience lucrative growth due to the rapid expansion of various industries and the significant infrastructure requirements for internet supply.
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Key Factors Driving Market Growth
Rapid advances in programming have characterized frameworks and distributed computing, increasing the adaptability and on-demand nature of IT infrastructure. As the complexity of organizational frameworks grows, it is critical for the IT foundation to adapt to this expanding scale. The integration of artificial intelligence (AI) into IT infrastructure makes it intelligent enough to recognize data trends, understand the relationships between IT components, and make appropriate decisions. AI algorithms can be trained, tested, and implemented by accessing and managing computing resources, which in turn propels market expansion.The global increase in spending on IT infrastructure has significantly contributed to the expansion of the IT infrastructure monitoring software market. However, the market may experience a slowdown due to the growing security threats posed by cyberattacks. Despite these challenges, the expanding presence of service providers is anticipated to benefit the market.
Regional Insights
North America: The market in North America held a leading position, driven by the presence of numerous data centers and large enterprises. This region is expected to retain its leading position throughout the forecast period.Europe: In Europe, the demand for IT infrastructure monitoring is substantial, with the UK being a significant contributor. The UK’s strong economic position and the presence of numerous businesses requiring heavy infrastructure, such as the BFSI sector, drive the demand for IT infrastructure monitoring.
Asia-Pacific: The IT infrastructure monitoring market in India is expected to experience lucrative growth due to the rapid expansion of various industries and the significant infrastructure requirements for internet supply.
Market Dynamics
Dominance Among Large Enterprises
IT infrastructure monitoring requirements vary based on the size of the enterprise. While small enterprises may not invest heavily in this solution due to minimal infrastructure, large enterprises and data center vendors, irrespective of their size, demand robust IT infrastructure monitoring solutions.Notable Developments:
- Datadog Inc. released a universal service monitoring solution that automatically detects microservices within an organization's infrastructure, providing users with a clear vision of the health of their infrastructure environment without requiring changes in programming.
- Geocomp was acquired by CGG to expand its product portfolio and enter new markets.
Growth in the US Market
The US market for IT infrastructure monitoring is driven by the presence of numerous large enterprises and data centers. The country’s economic prosperity makes it a target for cyber-attacks, necessitating regular monitoring and protection of IT infrastructure. This has contributed to the country holding a significant market share.Expansion in India
India’s rapid economic growth, supported by the development of several industrial verticals, drives the demand for IT infrastructure monitoring. The expanding e-commerce and edu-tech businesses, along with the vast infrastructure requirements for internet supply, contribute to the market’s growth in India.Growth in Europe
The IT infrastructure monitoring market in Europe, particularly in the UK, is driven by the rapid growth of the BFSI sector. The presence of numerous businesses requiring heavy infrastructure supports the market’s expansion.Market Segmentation
Solution
- Software: The software segment, accounting for a significant market share, is expected to maintain its dominance. Integrated IT infrastructure monitoring systems and standalone software, including network monitoring software, server monitoring software, application performance monitoring software, and endpoint management software, cater to diverse market needs.
- Services: Professional services, including IT consulting services, integration and deployment, monitoring services, support and maintenance, and managed IT services, play a crucial role in the market.
Deployment
- Cloud IT Infrastructure Monitoring: Cloud-based solutions offer scalability and flexibility, contributing to their increasing adoption.
- On-Premise IT Infrastructure Monitoring: On-premise solutions provide greater control over data and compliance with regulations, making them a preferred choice for many users.
Enterprise Size
- Small and Medium Enterprises (SMEs): SMEs have varying requirements for IT infrastructure monitoring based on their infrastructure size.
- Large Enterprises: Large enterprises demand robust IT infrastructure monitoring solutions to manage their extensive IT environments.
Industry
- BFSI: The BFSI sector's demand for IT infrastructure monitoring is driven by the need for secure and efficient IT operations.
- IT & Telecom: The IT & telecom sector requires robust monitoring solutions to manage complex IT environments.
- Government & Defense: Government and defense sectors rely on IT infrastructure monitoring for secure and efficient operations.
- Retail & CPG: The retail and CPG sectors demand IT infrastructure monitoring to ensure seamless operations.
- Healthcare: The healthcare sector requires robust IT infrastructure monitoring to manage sensitive data and ensure compliance.
- Energy & Utilities: The energy and utilities sector relies on IT infrastructure monitoring for efficient and secure operations.
- Others: Various other sectors also contribute to the demand for IT infrastructure monitoring solutions.
Competitive Analysis
Major companies in the IT infrastructure monitoring market are collaborating and partnering with other organizations to enhance their product portfolios and provide comprehensive solutions.Notable Collaborations:
- Equinor and Vissim developed a new ocean space surveillance system for energy operators, including subsea infrastructure monitoring, marine planning, and 3D situational awareness.
- Netreo’s full lifecycle APM solutions, Retrace by Netreo, and full-stack IT infrastructure monitoring received Veracode Verified Standard recognition, demonstrating adherence to AppSec best practices.
Key Companies Profiled
- Hewlett Packard Enterprise
- IBM Corporation
- Solar Winds Inc.
- Sumo Logic
- Micro Focus
- Manage Engine (Zoho Corp)
- Cisco System, Inc.
- Broadcom Inc.
- Dynatrace LLC
- Splunk Inc
- Nagios Enterprises
- Datadog
- Pulseway
- LogicMonitor, Inc
- ScienceLogic
Key Segments of IT Infrastructure Monitoring Market Industry Research
By Solution:
- Software
- Integrated IT Infrastructure Monitoring Systems
- Standalone Software
- Network Monitoring Software
- Server Monitoring Software
- Application Performance Monitoring Software
- Endpoint Management Software
- Others
- Services
- Professional Services
- IT Consulting Services
- Integration and Deployment
- Monitoring Services
- Support and Maintenance
- Managed IT Services
By Deployment:
- Cloud IT Infrastructure Monitoring
- On-Premise IT Infrastructure Monitoring
By Enterprise Size:
- IT Infrastructure Monitoring for Small and Medium Enterprises (SMEs)
- IT Infrastructure Monitoring for Large Enterprises
By Industry:
- IT Infrastructure Monitoring for BFSI
- IT Infrastructure Monitoring for IT & Telecom
- IT Infrastructure Monitoring for Government & Defense
- IT Infrastructure Monitoring for Retail & CPG
- IT Infrastructure Monitoring for Healthcare
- IT Infrastructure Monitoring for Energy & Utilities
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
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Table of Contents
1. Executive Summary
2. Market Overview
3. Global IT Infrastructure Monitoring Market Outlook, 2019 - 2031
4. North America IT Infrastructure Monitoring Market Outlook, 2019 - 2031
5. Europe IT Infrastructure Monitoring Market Outlook, 2019 - 2031
6. Asia Pacific IT Infrastructure Monitoring Market Outlook, 2019 - 2031
7. Latin America IT Infrastructure Monitoring Market Outlook, 2019 - 2031
8. Middle East & Africa IT Infrastructure Monitoring Market Outlook, 2019 - 2031
9. Competitive Landscape
10. Appendix
Companies Mentioned
- Hewlett Packard Enterprise
- IBM Corporation
- Solar Winds
- Sumo Logic
- Micro Focus
- Manage Engine (Zoho Group)
- Cisco System
- Broadcom
- Dynatrace
- Splunk
- Nagios Enterprises
- Data Dog
- Pulse way
- Logic Monitor
- Science Logic
Methodology
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