IT infrastructure is becoming more complex, larger, and more distributed, as many organizations are adopting advanced technologies within their IT infrastructure. IT departments are upgrading existing systems to make them capable of adopting hardware changes, support machine virtualization, and run applications across disparate data centers. IT Infrastructure monitoring solutions help organizations meet Service Level Agreements (SLAs). IT departments set SLAs according to the level of performance they can expect from their devices, networks, servers, and resources that they use. Monitoring solutions help IT departments drive decision-making about resource provisioning, troubleshooting, and capacity planning. Thus, increasing adoption of IT infrastructure monitoring solutions to reduce complexity is driving the growth of the IT infrastructure monitoring market.
As per the findings of a new market research report by Persistence Market Research, worldwide sales of the IT infrastructure monitoring market are projected to cross the US$ 43 Bn mark in 2030, increasing at a CAGR of 4.5% during the forecast period.
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Key Takeaways from IT Infrastructure Monitoring Market Study
- The services type segment is expected to be the highest contributor to the IT infrastructure monitoring market in terms of value. However, the software segment is expected to be the fastest-growing segment.
- Various tech players are developing remote monitoring solutions to make sure remote infrastructure is working smoothly for employees.
- SMEs to show higher interest in deploying IT infrastructure monitoring solutions to ensure reliable network connectivity and to reduce infrastructure complexity.
- Among the regions, the IT infrastructure monitoring market in South Asia Pacific is exhibiting a high growth rate, owing to growing demand for enterprise networking in small & medium enterprises across the region.
- The COVID-19 pandemic has compelled most organizations in the IT sector to work remotely. In such times, there is even more need for smooth operations and access to all required applications without any issue, which is boding well for market growth.
“IT Infrastructure monitoring tools provide immediate visibility into system performance, enabling users to quickly detect problems and identify trends. These tools enable faster, easier, and more affordable way for system administrators and site engineers to identify and correct infrastructure problems,” says a PMR analyst.
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Integration of Artificial Intelligence (AI) for IT Infrastructure Management and Automation to Propel Market Growth
Rapid innovations in software-defined infrastructure and cloud computing have extended IT infrastructure flexibility, intangibility, and on-demand. As the network and infrastructure complexity of an enterprise grows, it is important that the IT infrastructure adapts to cope with the growing scale. Integration of AI makes IT infrastructure intelligent to understand the correlation between IT elements, recognizing data trends, and further taking appropriate decisions. It enables to access and manage computing resources to train, test, and deploy AI algorithms. AI offers capabilities to actively monitor and manage the entire system, and not just securing, managing, and resolving queries about networks. Enterprises are investing more on intelligent infrastructure monitoring tools to improve cyber security, establish automated support, and improve customer satisfaction. These factors are responsible for the growth of global IT infrastructure monitoring market.
Find More Valuable Insights on IT Infrastructure Monitoring Market
Persistence Market Research puts forward an unbiased analysis of the global market for IT infrastructure monitoring market, providing historical demand data (2015–2019) and forecast statistics for the period of 2020–2030. To understand the opportunities in IT infrastructure monitoring market, the market is segmented on the basis of component (software [bundled software, individual software {network monitoring, server monitoring, storage monitoring, cloud monitoring, application monitoring, and others}] and services [consulting services, integration and deployment services, and support and maintenance services]), deployment mode (on-premise and cloud), enterprise size (SMEs and large enterprises), industry (BFSI, government and public sector, IT & telecom, healthcare, retail, manufacturing, energy & utilities, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA).
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