DUBLIN--(BUSINESS WIRE)--Aug 17, 2018--The "Global Cloud Monitoring Market - Growth, Trend and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The Cloud Monitoring market was valued at USD 723.81 million in 2017 and is expected to grow at a CAGR of 18.5% during the forecast period (2018-2023), to reach USD 2,443.1 million by 2023.

End-user industries are incorporating cloud for scale and agility. However, gaining a clear view of performance in cloud environments can be a challenge. In order to intelligently manage the intricate, ever-changing applications and infrastructure, a monitoring solution is needed that's as dynamic as the cloud.

Moreover, growing adoption of cloud technology across industries such as BFSI, IT, retail, and various others is boosting the growth of cloud monitoring market. It is significant part of an overall cloud management strategy, enabling IT administrators to review the operational status of cloud-based resources.

Growing deployment of SaaS offerings such as customer relationship management, human capital management, enterprise resource management, and other financial applications forms a favorable environment for adoption of cloud monitoring, especially in large organizations. Apart from this, it also provides a holistic view of cloud metrics, customer flow, log data and more.

However, costs associated with the services and limited visibility are acting as a challenge for the cloud monitoring market.

Key Highlights

Growing Demand from BFSI Sector to Augment Market Growth Asia Pacific Expected to Witness the Fastest Growth during the Forecast Period

Developments in the Market

Logicmonitor launched LM Cloud, a SaaS-based performance monitoring tool for AWS and Azure. Versa Networks announced a partnership with CA Technologies to integrate its cloud IP Platform with the network operations and analytics platform from CA.

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Cloud Monitoring Market Dynamics

5. Global Cloud Monitoring Market Segmentation

6. Competitive Intelligence - Company Profiles

AWS CA Technologies Cloudyn Dynatrace LLC Idera Inc. Kaseya Limited Logicmonitor Inc. Opsview Ltd. Oracle Corporation Sevone Solarwinds Worldwide LLC Zenoss Inc.

7. Investment Analysis

8. Future Outlook of the Cloud Monitoring Market

For more information about this report visit https://www.researchandmarkets.com/research/6vj6fd/global_cloud?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180817005391/en/

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SOURCE: Research and Markets

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PUB: 08/17/2018 02:26 PM/DISC: 08/17/2018 02:26 PM