LONDON--(BUSINESS WIRE)--Technavio projects the global IT monitoring tools market is expected to post a CAGR of more than 34% during the period, 2018-2022. The need for improving the efficiency of IT operations is a significant driver that will impact growth during the forecast period.
IT monitoring tools allow businesses to track the performance of critical IT infrastructure including servers, websites, and applications in real-time. The tool monitor downtime, bandwidth use, performance metrics, hardware outages and other issues. The use of monitoring tools helps businesses to maintain their online presence and improve operational efficiency.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio highlights the increasing use of Big Data for IT monitoring and analytics as one of the key emerging trends to drive the global IT monitoring tools market:
Increasing use of Big Data for IT monitoring and analytics
At present, the primary 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 also encouraged to install and maintain additional hardware for infrastructure and business monitoring.
According to a senior analyst at Technavio for IT professional services research, “Big Data analytics software breaks down a large set of data into smaller subsets for further analysis. The software then assigns key performance indicators to each data set and then compare the historical KPI data to the current data to identify deviations in performance and transaction failures. This helps IT managers in analyzing the problem areas and the source of issues within the network.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Market segmentation and analysis through 2022
This market research report segments the global IT monitoring tools market by product (ITOA, ITIM, and others) and key regions (the Americas, APAC, and EMEA).
The ITOA segment dominated the market in 2017 with a market share of more than 63%. This segment is expected to witness a significant increase of over 9% during the forecast period while the remaining segments are slated to see a decline in their market shares.
In 2017, the global IT monitoring tools market was dominated by the Americas with a revenue share of close to 50% followed by EMEA and APAC respectively. The market share of APAC will witness the maximum increase over the forecast period while EMEA will see a decline in its market share.
Save big with Technavio this May!
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month.
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.