Enterprise Monitoring Market worth $80.26 billion by 2029- Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., Oct. 18, 2024 /PRNewswire/ -- The Enterprise Monitoring Market is expected to reach USD 80.26 billion by 2029 from USD 35.12 billion in 2024, at a CAGR of 18.0 % during 2024–2029, according to a new report by MarketsandMarkets™.

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250 – Tables

55 - Figures

350 – Pages

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Scope of the Report

The major factors driving the market growth of enterprise monitoring are the increasing sophistication of IT ecosystems and the need for real-time insights. with the growing adoption of cloud computing, hybrid environments, and distributed architecture. Monitoring solutions are essential for managing visibility, performance, and security across diverse environments.

Another key factor is the rapidly increasing data volumes. Because customer communications and in-house operations generate a large amount of data, it is essential for an organization to employ sophisticated solutions that help analyze this data and make potentially valuable conclusions. This real-time analysis is very important in business and organizations to enable informed decisions, improved processes, and, therefore, competitive advantages.

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The workforce operations platforms are projected to register the highest CAGR during the forecast period.

The workforce operations platforms are indispensable tools for enhancing employee efficiency and boosting the effectiveness of professionals within enterprises. These platforms offer detailed insights into the workforce, such as employees' efficiency, engagement, and procedural activities. With the help of such information, one can notice existing inefficiencies or potential bottlenecks and optimize employees' work and resource use. Components usually include working hours, schedules, performance reviews, and feedback systems. Workforce operations platforms provide insights into workforce trends, staffing needs, and training plans. Additionally, they offer live updates and real-time visuals, helping managers monitor team performance more effectively. Employing workforce operations platforms can align their human resource strategies with broader business goals, improving performance and fostering stronger organizational commitment.

The Intrusion Detection and Prevention systems (IDPS) segment of the security platform is estimated to contribute the largest market share in the Enterprise Monitoring Market.

Intrusion Detection and Prevention systems (IDPS) are essential for security platforms specified in the Enterprise Monitoring Market. These systems check network traffic and look for malicious activities using signature-based, anomaly-based, or stateful protocol analysis systems. They can be installed in a network solution or as a part of a host solution. IDPS notifies an organization of intrusions and also prevents those intrusions. It blocks the traffic generated by the intruder and notifies the administrator. Key features of IDPS include real-time monitoring, automated responses, quantitative analysis, and account management.

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Based on region, Asia Pacific is projected to register the highest CAGR during the forecast period.

The Enterprise Monitoring Market in the Asia Pacific includes China, Japan, ANZ, South Korea, India, and the Rest of Asia Pacific. The Asia Pacific region is one of the rising markets for the Enterprise Monitoring Marketplace owing to the digital transformation, growing use of cloud services, and AI solutions. However, Asian countries such as China, Japan, South Korea, and India, along with Australia and New Zealand, are pioneers in using cloud-native monitoring systems along with big data and analytics using AI. The market is driven by concerns regarding the potential for hacking into sensitive data and the necessity for compliance with regulations established in sectors such as manufacturing, telecommunications, and finance. This is largely due to the increasing demand for real-time data monitoring of equipment and operational processes.

Top Key Companies in Enterprise Monitoring Market:

The report profiles key players such as Microsoft(US), IBM (US), Cisco (US), Dynatrace (US), Datadog (US), New Relic (US), Elastic N.V. (US), (US), BMC Software (US), Zoho Corporation (India), Logic Monitor (US), SolarWinds (US), Paessler (Germany), Trianz (US), ScienceLogic (US), Grafana Labs (US), VirtualMetric (Netherlands), Coralogix (US), Nagios (US), Pandora FMS (Spain), Sumo Logic (US), Atatus (India), Zabbix (Latvia), Checkmk (Germany), Logz.io (US), Icinga (Germany), Hubstaff (US), and EfficientLab (US).

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