Unified Monitoring Market Size (2024 - 2029)

The unified monitoring market is experiencing significant growth driven by the increasing investment in IT infrastructure and the demand for comprehensive monitoring tools that enhance cost efficiency, employee productivity, and customer experience. The shift towards digital transformation, facilitated by technologies such as IoT, cloud, and AI, is a key factor influencing the market's expansion. The COVID-19 pandemic has further accelerated the need for integrated monitoring solutions, as traditional silo-based approaches prove inadequate in addressing new challenges. Additionally, the rise in cyberattacks during the pandemic has prompted financial institutions to invest heavily in updated networking solutions, contributing to the market's growth.

Market Size of Unified Monitoring Industry

Unified Monitoring Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 19.56 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

Unified Monitoring Market Analysis

The unified monitoring market was valued at USD 3.73 billion in 2022 and is expected to reach USD 10.89 billion by 2027, at a CAGR of 19.56% over the forecast period 2022 - 2027. The increasing investment in IT infrastructure development and the growing demand for a single monitoring tool that will reduce cost, increase employee productivity, and enhance the customer buying experience are some of the major factors driving the growth of the unified monitoring market.

  • Growing demand for Digital Age Networking that enables enterprises to move toward digital transformation and generate new business outcomes by leveraging new digital age technologies such as the Internet of Things (IoT), cloud, and Artificial Intelligence (AI) is expected to drive the market.
  • According to the report, 70% of companies either have a digital transformation strategy or are working on it, and 21% of companies perceive that they have already completed the digital transformation. Around 40% of all technology spending in 2021 is expected to go toward digital transformation.
  • Moreover, increasing emphasis on customer experience by the enterprise to grow the business is also compelling the market. The unified monitoring tools help companies to deliver an optimal customer experience by monitoring the availability and performance of all their services, applications, and technologies. It was also found that companies that earn USD 1 billion annually can expect to earn, on average, an additional USD 700 million within three years of investing in customer experience. Additionally, companies using SaaS apps, in particular, can expect to increase revenue by USD 1 billion.
  • With the spread of COVID-19 across the globe, industries and their IT infrastructure has been tested for new challenges. The new work-from-home norm has exposed the end-user to new challenges where a single solution is not the efficient solution and has resulted in a silo-based approach for monitoring being no longer sufficient to use, in which each technology tier was monitored independently by a different tool. The market is expected to experience new capabilities being integrated into existing solutions to address emerging needs. They indicate the preparedness of vendors to meet evolving needs.
  • Furthermore, during the COVID-19 coronavirus pandemic, most consumers relied on digital banking, and cyberattacks targeting the financial services sector increased dramatically. According to the VMware Carbon Black Threat Analysis Unit, cyberattacks rose by 38% between February and March 2020. Attackers use COVID-19 to launch phishing attacks, trojans, backdoors, crypto miners, botnets, and ransomware. As a result, increased vigilance and visibility into enterprise-wide endpoint activity are more important than ever. Financial institutions are investing heavily to update their networking solutions, which will drive the market.

Unified Monitoring Industry Segmentation

Unified monitoring is an integrated platform that aids organizations in monitoring their entire IT infrastructure, including applications, databases, networks, virtual infrastructures, security systems, and special-purpose devices. These platforms combine monitoring data from multiple tools for a complete picture of the availability and performance of the entire IT infrastructure. It has an intuitive layer of model dashboards and provides the diagnostics and actionable insight needed to troubleshoot issues. The platform's key features are user interface (dashboard), intelligent monitoring, reporting, and alerting capabilities, which run on machine learning algorithms. 

The scope of this report includes all the unified monitoring solutions and services that are used by an organization to monitor IT infrastructure to reduce service outages and increase end-user and IT productivity.

By Component
Solution
Services
By Deployment
On-Premise
Cloud
By End-user Vertical
BFSI
Healthcare and Life Sciences
Manufacturing
IT & Telecommunication
Retail
Other End-user Vertical
By Geography
North America
Europe
Asia-Pacific
Middle East and Africa
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Unified Monitoring Market Size Summary

The unified monitoring market is experiencing significant growth, driven by the increasing need for integrated monitoring solutions that enhance operational efficiency and customer experience. As businesses invest in digital transformation, leveraging technologies like IoT, cloud, and AI, the demand for unified monitoring tools is rising. These tools are essential for ensuring the availability and performance of services, applications, and technologies, which is crucial for maintaining a competitive edge. The COVID-19 pandemic has further accelerated this trend, as remote work has highlighted the inadequacies of silo-based monitoring approaches, prompting a shift towards more comprehensive solutions. The banking, financial services, and insurance sectors, in particular, are heavily investing in unified monitoring to meet stringent service level requirements and combat the increasing frequency of cyberattacks.

North America is poised to lead the unified monitoring market, supported by rapid technological advancements and substantial investments in smart city projects. The market is characterized by intense competition, with major players like Dynatrace LLC, Zoho Corporation, and AppDynamics Inc. dominating the landscape. These companies are expanding their global presence through strategic collaborations and product innovations. Meanwhile, mid-size and smaller firms are gaining traction by securing new contracts and exploring untapped markets. Recent developments, such as Trend Micro's launch of a unified cybersecurity platform and Mindtree's partnership with Rubrik, underscore the industry's focus on consolidating security and monitoring solutions to better address emerging challenges.

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Unified Monitoring Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rapid Adoption for Networking Solutions by Enterprises

      2. 1.2.2 Increasing Cyber Safety and Security Concerns Among Organisations

    3. 1.3 Market Restraints

      1. 1.3.1 Uncertain Regulatory Standards and Frameworks

    4. 1.4 Market Opportunities

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Suppliers

      2. 1.5.2 Bargaining Power of Consumers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Impact of COVID-19

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Component

      1. 2.1.1 Solution

      2. 2.1.2 Services

    2. 2.2 By Deployment

      1. 2.2.1 On-Premise

      2. 2.2.2 Cloud

    3. 2.3 By End-user Vertical

      1. 2.3.1 BFSI

      2. 2.3.2 Healthcare and Life Sciences

      3. 2.3.3 Manufacturing

      4. 2.3.4 IT & Telecommunication

      5. 2.3.5 Retail

      6. 2.3.6 Other End-user Vertical

    4. 2.4 By Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia-Pacific

      4. 2.4.4 Middle East and Africa

Unified Monitoring Market Size FAQs

The Unified Monitoring Market is projected to register a CAGR of 19.56% during the forecast period (2024-2029)

Dynatrace LLC, Zoho Corporation, AppDynamics Inc., Zenoss Inc. and Broadcom Inc. are the major companies operating in the Unified Monitoring Market.

Unified Monitoring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)