Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.58 Billion | USD 11.45 Billion | 18.7% | 2021 |
FrequentlyAsked Questions
The worldwide unified monitoring market is growing significantly owing to the increasing usage of IoT devices across various businesses. The proper administration of the operation of any such gadget is directly related to the enterprise's performance. However, as technology advances, current IT infrastructures are growing more complicated, requiring the usage of several devices for daily tasks. As a result, for the total system to run well, enhanced monitoring of every piece of the network or unified monitoring technology is required.
According to the Zion Market Research report, the global unified monitoring market was worth about 3.58 (USD billion) in 2021 and is predicted to grow to around 11.45 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 18.7 percent.
North America is projected to grab the maximum share of the market during the forecast period. This is due to swift technological progressions and their saturation in several industries such as healthcare, education, telecom, and others. The market in the region is also fueled by the development of data centers across the United States and Canada. Growing demand for united monitoring for storage space, servers, rising resource costs, and smart city projects is further contributing to the growth of the market.
Key players operating in the global unified monitoring market include CA Technologies, Dynatrace, Zenoss, Opsview, AppDynamics, GroundWork Open Source, Zoho Corporation, Fata Informatica, Paessler, and Acronis.
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