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IT Monitoring Tools Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 120
  • SKU: IRTNTR70205
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The IT monitoring tools market share is expected to increase by USD 36.30 billion from 2021 to 2026, at an accelerating CAGR of 30.06%.

One of the key highlights of the IT monitoring tools market research report is the post COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the forecast period. The IT monitoring tools market report offers information on several market vendors, including BMC Software Inc., Broadcom Inc., Circonus Inc., Datadog Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., ITRS Group Ltd., Micro Focus International Plc, Microsoft Corp., Nagios Enterprises LLC., NetScout Systems Inc., New Relic Inc., Paessler AG, SAS Institute Inc., SolarWinds Corp., Splunk Inc., VMware Inc., Zabbix LLC., Zenoss Inc., and Zoho Corp. Pvt. Ltd. among others. The IT monitoring tools market has been broadly categorized into the following demographic segmentation: 

  • Product - ITOA, ITIM, and others
  • Geography - North America, Europe, APAC, South America, and Middle East and Africa

What will the IT Monitoring Tools Market Size be During the Forecast Period?

IT Monitoring Tools Market Size

Download the Free Report Sample to Unlock the IT Monitoring Tools Market Size for the Forecast Period and Other Important Statistics

 

IT Monitoring Tools Market: Key Drivers, Trends, and Challenges

The improving efficiency of IT operations is notably driving the IT monitoring tools market growth, although factors such as problems related to tool inter-compatibility and network complexity may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the IT monitoring tools industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key IT Monitoring Tools Market Driver

  • The improving efficiency of IT operations is one of the key drivers supporting the IT monitoring tools market growth.
  • IT monitoring tools allow businesses to track the performance of critical IT infrastructure, including servers, websites, and applications, in real-time. 
  • The use of monitoring tools helps businesses maintain their online presence and improve operational efficiency. 
  • The ITIM software keeps a check on the real-time availability status and use of each of the machines or hardware. 
  • ITOA applications perform analysis of historical IT operations data and analyze the impact of hardware failures and performance drops across the business. This, in turn, will drive the IT monitoring tools market growth during the forecast period.

Key IT Monitoring Tools Market Trend

  • Increasing use of Big Data for IT monitoring and analytics is one of the key IT monitoring tools market trends fueling the market growth.
  • The primary end-users of IT monitoring tools are significant IT infrastructure and server operators. These end-users usually maintain large and complex networks of hardware and equipment. However, with the advent of Big Data, smaller businesses are encouraged to install and maintain additional hardware for infrastructure and business monitoring.
  • The growing size and complexity of IT infrastructures and the amount of data generated can increasingly become difficult for IT teams to manage. This is driving the need for advanced IT monitoring and analytics tools
  • Many ITOA solutions are integrating the Big Data principle and make use of large volumes of data to help IT organizations in improving efficiency.
  • Big Data analytics software breaks down the large set of data into smaller subsets for efficient analysis. The software then assigns key performance indicators (KPIs) to each data set and then compares the historical KPI data to the current data to identify deviations in performance and transaction failures. Such factors are expected to propel the IT monitoring tools market growth during the forecast period.

Key IT Monitoring Tools Market Challenge

  • Problems related to tool inter-compatibility and network complexity is one of the challenges hindering the IT monitoring tools market growth.
  • IT systems and hardware within a network may be from a variety of different vendors and designed on different software/hardware platforms.
  • Most application performance monitoring/management tools are designed to handle a limited or standard set of codes/languages such as Java and .Net. However, the tools cannot monitor hardware or applications that use alternative application codes.
  • At present, the IT infrastructure and applications use a complex set of infrastructure and tools with an even more complex chain of transactions.
  • The implementation of virtualized systems and hardware and hybrid clouds, which are like the IT infrastructure, contribute to network complexity and network visibility gaps for IT teams and monitoring tools. The development of monitoring tools that can work across application codes and detect infrastructure blind spots is difficult even for experienced IT support executives. This poses a challenge to the adoption of IT monitoring tools. 

This IT monitoring tools market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global IT monitoring tools market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the IT monitoring tools market during the forecast period.

Who are the Major IT Monitoring Tools Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • BMC Software Inc.
  • Broadcom Inc.
  • Circonus Inc.
  • Datadog Inc.
  • Hewlett Packard Enterprise Co.
  • International Business Machines Corp.
  • ITRS Group Ltd.
  • Micro Focus International Plc
  • Microsoft Corp.
  • Nagios Enterprises LLC.
  • NetScout Systems Inc.
  • New Relic Inc.
  • Paessler AG
  • SAS Institute Inc.
  • SolarWinds Corp.
  • Splunk Inc.
  • VMware Inc.
  • Zabbix LLC.
  • Zenoss Inc.
  • Zoho Corp. Pvt. Ltd.

 

This statistical study of the IT monitoring tools market encompasses successful business strategies deployed by the key vendors. The IT monitoring tools market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Bmc.com - The company offers IT monitoring tools such as system monitoring, dependency monitoring, and integrated and API monitoring.
  • Broadcom.com - The company offers IT monitoring tool known as DX Virtual Network Assurance.
  • Hpe.com - The company offers IT monitoring tool known as Aruba AirWave which is a multi-vendor wired and wireless network management solution designed for mobile devices.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The IT monitoring tools market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

IT Monitoring Tools Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the IT monitoring tools market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for IT Monitoring Tools Market?

IT Monitoring Tools Market Market segmentation by region

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49% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the IT monitoring tools market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The US is a significant hub for data center hosting and large-scale server installations. This will facilitate the IT monitoring tools market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic had a significant impact on the US economy and other countries in this region. However, due to the reopening of IT firms and the implementation of social distancing measures, the market is predicted to grow at a moderate rate in 2022. This will drive the adoption of IT monitoring tools by several IT companies during the forecast period.

What are the Revenue-generating Product Segments in the IT Monitoring Tools Market?

IT Monitoring Tools Market Segmentation

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The IT monitoring tools market share growth by the ITOA segment will be significant during the forecast period. ITOA tools are used to monitor various IT operations to obtain statistics and analyze data. The ITOA segment is expected to record considerable growth during the forecast period. The growing complexity of business processes is encouraging organizations to automate their ITOA tools. These tools can learn and automatically apply solutions to IT operation problems. Such factors of ITOA will drive the IT monitoring tools market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the IT monitoring tools market size and actionable market insights on post COVID-19 impact on each segment.

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IT Monitoring Tools Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 30.06%

Market growth 2022-2026

$ 36.30 billion

Market structure

Fragmented

YoY growth (%)

29.33

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 49%

Key consumer countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BMC Software Inc., Broadcom Inc., Circonus Inc., Datadog Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., ITRS Group Ltd., Micro Focus International Plc, Microsoft Corp., Nagios Enterprises LLC., NetScout Systems Inc., New Relic Inc., Paessler AG, SAS Institute Inc., SolarWinds Corp., Splunk Inc., VMware Inc., Zabbix LLC., Zenoss Inc., and Zoho Corp. Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this IT Monitoring Tools Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive IT monitoring tools market growth during the next five years
  • Precise estimation of the IT monitoring tools market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the IT monitoring tools industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of IT monitoring tools market vendors

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1. Executive Summary                           

                1.1 Market Overview

                                Exhibit 01:  Executive Summary – Chart on Market Overview

                                Exhibit 02:  Executive Summary – Data Table on Market Overview

                                Exhibit 03:  Executive Summary – Chart on Global Market Characteristics

                                Exhibit 04:  Executive Summary – Chart on Market by Geography

                                Exhibit 05:  Executive Summary – Chart on Market Segmentation by Product

                                Exhibit 06:  Executive Summary – Chart on Incremental Growth

                                Exhibit 07:  Executive Summary – Data Table on Incremental Growth

                                Exhibit 08:  Executive Summary – Chart on Vendor Market Positioning

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 09:  Parent market

                                Exhibit 10:  Market characteristics

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 11:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 12:  Market segments

                3.3 Market size 2021 

                3.4 Market outlook: Forecast for 2021 - 2026 

                                Exhibit 13:  Chart on Global - Market size and forecast 2021-2026 ($ million)

                                Exhibit 14:  Data Table on Global - Market size and forecast 2021-2026 ($ million)

                                Exhibit 15:  Chart on Global Market: Year-over-year growth 2021-2026 (%)

                                Exhibit 16:  Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 17:  Five forces analysis - Comparison between 2021 and 2026

                4.2 Bargaining power of buyers           

                                Exhibit 18:  Bargaining power of buyers – Impact of key factors in 2021 and 2026

                4.3 Bargaining power of suppliers       

                                Exhibit 19:  Bargaining power of suppliers – Impact of key factors in 2021 and 2026

                4.4 Threat of new entrants    

                                Exhibit 20:  Threat of new entrants – Impact of key factors in 2021 and 2026

                4.5 Threat of substitutes         

                                Exhibit 21:  Threat of substitutes – Impact of key factors in 2021 and 2026

                4.6 Threat of rivalry   

                                Exhibit 22:  Threat of rivalry – Impact of key factors in 2021 and 2026

                4.7 Market condition

                                Exhibit 23:  Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product                

                5.1 Market segments

                                Exhibit 24:  Chart on Product - Market share 2021-2026 (%)

                                Exhibit 25:  Data Table on Product - Market share 2021-2026 (%)

                5.2 Comparison by Product    

                                Exhibit 26:  Chart on Comparison by Product

                                Exhibit 27:  Data Table on Comparison by Product

                5.3 ITOA   - Market size and forecast 2021-2026             

                                Exhibit 28:  Chart on ITOA   - Market size and forecast 2021-2026 ($ million)

                                Exhibit 29:  Data Table on ITOA   - Market size and forecast 2021-2026 ($ million)

                                Exhibit 30:  Chart on ITOA   - Year-over-year growth 2021-2026 (%)

                                Exhibit 31:  Data Table on ITOA   - Year-over-year growth 2021-2026 (%)

                5.4 ITIM    - Market size and forecast 2021-2026            

                                Exhibit 32:  Chart on ITIM - Market size and forecast 2021-2026 ($ million)

                                Exhibit 33:  Data Table on ITIM - Market size and forecast 2021-2026 ($ million)

                                Exhibit 34:  Chart on  ITIM  - Year-over-year growth 2021-2026 (%)

                                Exhibit 35:  Data Table on ITIM   - Year-over-year growth 2021-2026 (%)

                5.5 Others   - Market size and forecast 2021-2026         

                                Exhibit 36:  Chart on Others   - Market size and forecast 2021-2026 ($ million)

                                Exhibit 37:  Data Table on Others   - Market size and forecast 2021-2026 ($ million)

                                Exhibit 38:  Chart on Others   - Year-over-year growth 2021-2026 (%)

                                Exhibit 39:  Data Table on Others   - Year-over-year growth 2021-2026 (%)

                5.6 Market opportunity by Product    

                                Exhibit 40:  Market opportunity by Product ($ million)

6. Customer landscape                         

                6.1 Customer landscape overview      

                                Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                                Exhibit 41:  Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7. Geographic Landscape                     

                7.1 Geographic segmentation

                                Exhibit 42:  Chart on Market share by geography 2021-2026 (%)

                                Exhibit 43:  Data Table on Market share by geography 2021-2026 (%)

                7.2 Geographic comparison   

                                Exhibit 44:  Chart on Geographic comparison

                                Exhibit 45:  Data Table on Geographic comparison

                7.3 North America - Market size and forecast 2021-2026           

                                Exhibit 46:  Chart on North America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 47:  Data Table on North America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 48:  Chart on North America - Year-over-year growth 2021-2026 (%)

                                Exhibit 49:  Data Table on North America - Year-over-year growth 2021-2026 (%)

                7.4 Europe - Market size and forecast 2021-2026          

                                Exhibit 50:  Chart on Europe - Market size and forecast 2021-2026 ($ million)

                                Exhibit 51:  Data Table on Europe - Market size and forecast 2021-2026 ($ million)

                                Exhibit 52:  Chart on Europe - Year-over-year growth 2021-2026 (%)

                                Exhibit 53:  Data Table on Europe - Year-over-year growth 2021-2026 (%)

                7.5 APAC - Market size and forecast 2021-2026              

                                Exhibit 54:  Chart on APAC - Market size and forecast 2021-2026 ($ million)

                                Exhibit 55:  Data Table on APAC - Market size and forecast 2021-2026 ($ million)

                                Exhibit 56:  Chart on APAC - Year-over-year growth 2021-2026 (%)

                                Exhibit 57:  Data Table on APAC - Year-over-year growth 2021-2026 (%)

                7.6 South America - Market size and forecast 2021-2026           

                                Exhibit 58:  Chart on  South America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 59:  Data Table on  South America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 60:  Chart on  South America - Year-over-year growth 2021-2026 (%)

                                Exhibit 61:  Data Table on  South America - Year-over-year growth 2021-2026 (%)

                7.7 MEA - Market size and forecast 2021-2026               

                                Exhibit 62:  Chart on MEA - Market size and forecast 2021-2026 ($ million)

                                Exhibit 63:  Data Table on MEA - Market size and forecast 2021-2026 ($ million)

                                Exhibit 64:  Chart on MEA - Year-over-year growth 2021-2026 (%)

                                Exhibit 65:  Data Table on MEA - Year-over-year growth 2021-2026 (%)

                7.8 US - Market size and forecast 2021-2026   

                                Exhibit 66:  Chart on US - Market size and forecast 2021-2026 ($ million)

                                Exhibit 67:  Data Table on US - Market size and forecast 2021-2026 ($ million)

                                Exhibit 68:  Chart on US - Year-over-year growth 2021-2026 (%)

                                Exhibit 69:  Data Table on US - Year-over-year growth 2021-2026 (%)

                7.9 China - Market size and forecast 2021-2026             

                                Exhibit 70:  Chart on China - Market size and forecast 2021-2026 ($ million)

                                Exhibit 71:  Data Table on China - Market size and forecast 2021-2026 ($ million)

                                Exhibit 72:  Chart on China - Year-over-year growth 2021-2026 (%)

                                Exhibit 73:  Data Table on China - Year-over-year growth 2021-2026 (%)

                7.10 UK - Market size and forecast 2021-2026

                                Exhibit 74:  Chart on UK - Market size and forecast 2021-2026 ($ million)

                                Exhibit 75:  Data Table on UK - Market size and forecast 2021-2026 ($ million)

                                Exhibit 76:  Chart on UK - Year-over-year growth 2021-2026 (%)

                                Exhibit 77:  Data Table on UK - Year-over-year growth 2021-2026 (%)

                7.11 Germany - Market size and forecast 2021-2026    

                                Exhibit 78:  Chart on Germany - Market size and forecast 2021-2026 ($ million)

                                Exhibit 79:  Data Table on Germany - Market size and forecast 2021-2026 ($ million)

                                Exhibit 80:  Chart on Germany - Year-over-year growth 2021-2026 (%)

                                Exhibit 81:  Data Table on Germany - Year-over-year growth 2021-2026 (%)

                7.12 Canada  - Market size and forecast 2021-2026      

                                Exhibit 82:  Chart on Canada  - Market size and forecast 2021-2026 ($ million)

                                Exhibit 83:  Data Table on Canada  - Market size and forecast 2021-2026 ($ million)

                                Exhibit 84:  Chart on Canada  - Year-over-year growth 2021-2026 (%)

                                Exhibit 85:  Data Table on Canada  - Year-over-year growth 2021-2026 (%)

                7.13 Market opportunity by geography            

                                Exhibit 86:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1 Improving efficiency of IT operations

                                8.1.2 Emergence of algorithmic IT operations analytics

                                8.1.3 Expansion of IoT infrastructure

                8.2 Market challenges              

                                8.2.1 Problems related to tool inter-compatibility and network complexity

                                8.2.2 Limited scalability of currently available tools

                                8.2.3 Availability of open-source software

                8.3 Impact of drivers and challenges  

                                Exhibit 87:  Impact of drivers and challenges in 2021 and 2026

                8.4 Market trends      

                                8.4.1 Increasing use of Big Data for IT monitoring and analytics

                                8.4.2 Growing adoption of cloud-based monitoring tools

                                8.4.3 Growing adoption of software-defined data centers

9. Vendor Landscape                             

                9.1 Overview

                9.2 Vendor landscape

                                Exhibit 88:  Overview on Criticality of inputs and Factors of differentiation

                                The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

                9.3 Landscape disruption        

                                Exhibit 89:  Overview on factors of disruption

                9.4 Industry risks        

                                Exhibit 90:  Impact of key risks on business

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 91:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 92:  Matrix on vendor position and classification

                10.3 BMC Software Inc.           

                                Exhibit 93:  BMC Software Inc. - Overview

                                Exhibit 94:  BMC Software Inc. - Product / Service

                                Exhibit 95:  BMC Software Inc. - Key offerings

                10.4 Broadcom Inc.   

                                Exhibit 96:  Broadcom Inc. - Overview

                                Exhibit 97:  Broadcom Inc. - Business segments

                                Exhibit 98:  Broadcom Inc. - Key news

                                Exhibit 99:  Broadcom Inc. - Key offerings

                                Exhibit 100:  Broadcom Inc. - Segment focus

                10.5 Hewlett Packard Enterprise Co.  

                                Exhibit 101:  Hewlett Packard Enterprise Co. - Overview

                                Exhibit 102:  Hewlett Packard Enterprise Co. - Business segments

                                Exhibit 103:  Hewlett Packard Enterprise Co. - Key news

                                Exhibit 104:  Hewlett Packard Enterprise Co. - Key offerings

                                Exhibit 105:  Hewlett Packard Enterprise Co. - Segment focus

                10.6 International Business Machines Corp.    

                                Exhibit 106:  International Business Machines Corp. - Overview

                                Exhibit 107:  International Business Machines Corp. - Business segments

                                Exhibit 108:  International Business Machines Corp. - Key offerings

                                Exhibit 109:  International Business Machines Corp. - Segment focus

                10.7 ITRS Group Ltd. 

                                Exhibit 110:  ITRS Group Ltd. - Overview

                                Exhibit 111:  ITRS Group Ltd. - Product / Service

                                Exhibit 112:  ITRS Group Ltd. - Key offerings

                10.8 Microsoft Corp. 

                                Exhibit 113:  Microsoft Corp. - Overview

                                Exhibit 114:  Microsoft Corp. - Business segments

                                Exhibit 115:  Microsoft Corp. - Key news

                                Exhibit 116:  Microsoft Corp. - Key offerings

                                Exhibit 117:  Microsoft Corp. - Segment focus

                10.9 Paessler AG        

                                Exhibit 118:  Paessler AG - Overview

                                Exhibit 119:  Paessler AG - Product / Service

                                Exhibit 120:  Paessler AG - Key offerings

                10.10 SolarWinds Corp.           

                                Exhibit 121:  SolarWinds Corp. - Overview

                                Exhibit 122:  SolarWinds Corp. - Product / Service

                                Exhibit 123:  SolarWinds Corp. - Key offerings

                10.11 Splunk Inc.        

                                Exhibit 124:  Splunk Inc. - Overview

                                Exhibit 125:  Splunk Inc. - Product / Service

                                Exhibit 126:  Splunk Inc. - Key offerings

                10.12 Zenoss Inc.       

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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IT Monitoring Tools market growth will increase by $36305.95 million during 2022-2026.
The it monitoring tools market is expected to grow at a CAGR of 30.06% during 2022-2026.
Technavio has segmented the it monitoring tools market by product (ITOA, ITIM, and Others) and geographic (North America, Europe, APAC, South America, Middle East and Africa, North America, Europe, APAC, South America, and MEA).
BMC Software Inc., Broadcom Inc., Circonus Inc., Datadog Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., ITRS Group Ltd., Micro Focus International Plc, Microsoft Corp., Nagios Enterprises LLC., NetScout Systems Inc., New Relic Inc., Paessler AG, SAS Institute Inc., SolarWinds Corp., Splunk Inc., VMware Inc., Zabbix LLC., Zenoss Inc., Zoho Corp. Pvt. Ltd. are a few of the key vendors in the it monitoring tools market.
North America will register the highest growth rate of 48.76% among the other regions. Therefore, the it monitoring tools market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the it monitoring tools market growth are:
  • Improving efficiency of IT operations
  • Increasing use of Big Data for IT monitoring and analytics
The it monitoring tools market vendors should focus on grabbing business opportunities from the itoa segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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