Unified Monitoring Market Size, Share Global Analysis Report, 2024 – 2032

Industry Insights

[230+ Pages Report] According to Facts & Factors, the global unified monitoring market size was valued at USD 4.20 billion in 2023 and is predicted to surpass USD 23.09 billion by the end of 2032. The unified monitoring industry is expected to grow by a CAGR of 18.60% between 2024 and 2032.

Market Overview

Unified monitoring refers to the solutions that help look over the IT infrastructure, network monitoring, and application software. It offers a holistic view of the organization's IT environment. These help with proactive issue resolution, detailed insights, and efficient management.

Unified monitoring solutions have a centralized dashboard that offers a single pane of glass view to the whole IT infrastructure. Unified monitoring solutions cover different aspects of IT infrastructures like application databases, networks, servers, and cloud services. Real-time data collection and monitoring help organizations respond to issues promptly.

Also, advanced analytics and performance metrics help optimize resources, check for industrial patterns, and resolve bottlenecks. These solutions are easy to scale and can be easily adapted to different infrastructure set-ups like cloud, on-premise, and hybrid environments.

Key Insights

• As per the analysis shared by our research analyst, the global unified monitoring market size is estimated to grow annually at a CAGR of around 18.60% over the forecast period (2024-2032).
• In terms of revenue, the global unified monitoring market size was valued at around USD 4.20 billion in 2023 and is projected to reach USD 23.09 billion by 2032.
• Increasing IT infrastructure complexities are driving the growth of the global unified monitoring market.
• Based on the end-users, the BFSI segment is growing at a high rate and is projected to dominate the global market.
• Based on the organizational sizes, the large enterprises segment is projected to swipe the largest market share.
• Based on deployment types, the on-premises segment is expected to dominate the global market.
• Based on components, the services segment is anticipated to witness significant developments in the global market.
• Based on region, North America is expected to dominate the global market during the forecast period.

Growth Drivers

• Increasing IT infrastructure complexities are driving the growth of the global market.

Organizations are working on multiple cloud environments and devices, which fosters complexity in monitoring the entire IT infrastructure. Unified monitoring solutions help in simplifying management and offering compliance with a view of an entire infrastructure. Growing demand for real-time data analytics to make data-driven decisions and instantly resolve issues is further fostering demand for unified monitoring solutions.

These solutions help in collecting data from different sources and further analyze & visualize them to offer proactive management advice. Digital transformation initiatives are likely to revolutionize the market. Therefore, all these factors are contributing to the growth of the global unified monitoring market.

For instance, Riverbed unveiled the First Cloud Service As A Part Of a Unified Observability Push in 2022. It will help with automation and visibility into hybrid and remote work environments. It will offer more strategic IT initiatives to the IT teams to free up their time for other important tasks.

Restraints

• High implementation costs are likely to hamper the growth of the global market.

High initial investment is a big factor expected to slow down the growth of the unified monitoring industry. Installing unified monitoring solutions requires high upfront costs, skilled personnel, and advanced software & hardware. However, it is a big barrier for enterprises with limited budgets.

Opportunities

• Growing requirements for cybersecurity and compliance are likely to foster growth opportunities in the global market.

The rising number of cyber threats is inducing organizations to adopt robust security measures. Therefore, unified monitoring solutions help detect threats and respond to them efficiently. Also, these help in complying with the industry regulations and standards, which in turn is further expected to foster growth opportunities in the global unified monitoring market. These are cost-effective solutions that help in lowering downtime, improve resource utilization, and improve efficiency. For instance, New Relic came up with an Agentless Monitoring solution in 2022. The product is the first native observability solution in the industry running on SAP systems. This solution is expected to help IT teams support business operations.

Challenges

• Integration issue is a big challenge in the global market.

Integrating unified monitoring solutions with the legacy infrastructure and application is time-consuming and complex. Also, the rising incompatibility concerns because of the aging infrastructure is a challenge in the unified monitoring industry.

Segmentation Analysis

The global unified monitoring market can be segmented into end-users, organizational sizes, deployment types, components, and regions.

On the basis of end-users, the market can be segmented into consumer goods & retail transportation & logistics, manufacturing, government & public sector, healthcare & life sciences, telecommunication & IT, banking, financial services and insurance (BFSI), and others. The BFSI segment accounts for the largest share of the unified monitoring industry. BFSI institutions are under strict regulations that foster the requirement for a proper unified monitoring system for IT infrastructure and applications to check for security and compliance.

Moreover, banks and financial institutions deal with bulk sensitive data and other customers' financial information, which further poses a huge requirement for strong monitoring solutions to help eliminate security threats. Also, the unified monitoring solutions help these organizations enhance their operational efficiency by offering real-time insights into application availability, network performance, and transaction processing. Additionally, the system helps navigate operational risk by targeting complexities beforehand.

On the basis of organizational size, the market can be segmented into small enterprises, medium enterprises, and large enterprises. The large enterprises segment is likely to dominate the global unified monitoring market. Large enterprises deal with complex IT infrastructure dispersed across different geo-locations.

Therefore, the unified monitoring solution helps in managing such complexities efficiently. These enterprises have ample resources and finance to invest in advanced monitoring solutions, which is a primary reason for the high growth rate of this segment. Large enterprises need to align with regulatory compliances, and therefore, they opt for unified monitoring solutions to keep a constant check on whether or not the firm is adhering to security and government standards.

On the basis of deployment type, the market can be segmented into cloud base and on-premises. The on-premises deployment type is the fastest-growing segment in the unified monitoring industry. Many sectors like finance, healthcare, and the government are more likely to keep full control over their sensitive data with on-premise solutions.

Additionally, these enterprises have a well-established IT infrastructure, which can accommodate only on-premise solutions because of their existing working framework. Such organizations do not want to reconfigure their entire legacy systems.

Many organizations handle information on propriety, intellectual property, and other such sensitive data, and therefore, they need solutions that offer the least risk of unauthorized access or data breaches. Additionally, tasks that need low latency performance also admire on-premises monitoring solutions as compared to cloud-based alternatives.

On the basis of components, the market can be segmented into services and solutions. The services segment is expected to witness the highest market share in the global unified monitoring market in the coming years. Organizations adopt unified monitoring solutions because there is a significant growth in demand for consulting and implementation services customized according to each business's requirements. Moreover, there is a growing demand for training services that educate IT teams to effectively manage the solutions.

However, many organizations outsource the management of unified monitoring solutions to manage service vendors for 24×7 performance optimization and monitoring. It helps organizations to focus on their core business. Moreover, many service providers offer value-added services like optimization, predictive insights, and analytic recommendations to help companies get the most out of their monitoring solutions.

Report Scope

Regional Analysis

• North America to dominate the global market.

North America accounts for the largest share of the global unified monitoring market during the forecast period. The United States is the largest market in North America. Cities like Seattle, France, and New York are hubs of technological advancements and are contributing significantly towards the growth of the regional market. Canada is also expected to see significant developments in the unified monitoring market. Companies dealing in sectors like retail and healthcare are increasingly adopting unified monitoring solutions to ensure data security and optimized performance.

However, digital transformation initiatives in North America are expected to revolutionize the market. People are investing in DevOps practices, cloud solutions, and other source monitoring solutions to have control over their complex IT environments.

However, the presence of leading vendors in the unified monitoring market, particularly in North America, is likely to drive innovations in monitoring technologies, which is further expected to positively impact the growth trajectory of the industry.

Asia Pacific is also expected to witness heavy growth in the coming years. China is expected to emerge as a developed market for unified monitoring solutions because of the growing focus of companies on improving that digital infrastructure. The rapid adoption of cloud services in India is further paving the demand for unified monitoring solutions.

The Indian government's new program, Digital India, is likely to play a crucial role in promoting advanced solutions like unified monitoring, which, in turn, is also likely to positively impact the growth of the regional market. Japan is an advanced technology country with smart manufacturing practices, which in turn is expected to drive the demand for sophisticated monitoring solutions in the market.

Therefore, all these factors are likely to contribute to the growth of the market in APAC. For instance, Trend Micro came up with Trend Micro One in 2022. This launch is a collection of security products and features on a single platform. It is expected to help customers better understand, communicate, and eliminate cyber risks.

Competitive Analysis

The key players in the global unified monitoring market include:

• Verizon
• Microsoft
• Google LLC
• AT&T
• Juniper Networks
• ALE INTERNATIONAL
• Huawei Technologies
• HP DEVELOPMENT COMPANY
• IBM
• Paessler
• Acronis
• Fata Informatica
• GroundWork Open Source
• Opsview
• Zoho Corporation
• Zenoss
• CA Technologies
• Dynatrace

For instance, Mindtree said to collaborate with Rubrik in 2022. The former is a company offering technology and digital transformation services and the latter is a unified cyber-recovery platform. It facilitates organizations to work on the full spectrum to improve their protection capabilities against growing cyberattacks.

The global unified monitoring market is segmented as follows:

By End-Users Segment Analysis

• Consumer Goods & Retail,
• Transportation & Logistics
• Manufacturing
• Government & Public Sector
• Healthcare & Life Sciences
• Telecommunication & IT
• Banking, Financial Services And Insurance (BFSI)
• Others

By Organizational Sizes Segment Analysis

• Small Enterprises
• Medium Enterprises
• Large Enterprises

By Deployment Types Segment Analysis

• Cloud Base
• On-Premises

By Components Segment Analysis

• Services
• Solutions

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America