Global IT Monitoring Tools Market: Introduction
IT monitoring tools are used to track various IT networks and hardware elements. Improving the performance of IT operations by the usage of these tools is the key factor driving business growth in IT management systems. Businesses can control the efficiency of essential IT infrastructure factors such as hardware outages, performance metrics, bandwidth use, and downtime etc. through IT tracking. IT operations analytics and IT infrastructure management tools are seeing increasing demand owing to their capabilities, such as continuous monitoring of the functionality of on-site or cloud-hosted linked IT infrastructure equipment, testing the quality and utilization of each system in real time, and reviewing past IT systems to assess the effect of errors and declines in results.
Global IT Monitoring Tools Market: Dynamics
- Increasing usage of Big Data
- Increasing usage of Big Data for IT monitoring and analytics is one of the key emerging industry developments in IT monitoring software. Most ITOA approaches incorporate Big Data to allow use of vast quantities of data to help companies increase performance. Big Data-based monitoring software monitors, collects and analyzes raw data and measurements from multiple data sources inside the IT or network company. This allows supervisors to evaluate the trouble areas and to address problems inside the system.
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North America Led the Global IT Monitoring Tools Market in 2019
- Based on region, the global IT monitoring tools market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
- North America held dominant share of the global IT monitoring tools market in 2019. It is expected to continue its dominance throughout the forecast period. The U.S. and Canada are the major countries that drive the IT monitoring tools market in this region. Rapid adoption of cloud technologies by North American corporations has provided the country a leading role in the global market for IT Monitoring Tools. Widespread adoption of cloud computing by North American companies has equipped the region with a leadership position in the global market for IT monitoring tools.
- The IT monitoring tools market in Asia Pacific is expected to expand at the maximum CAGR during the forecast period. India, China, Japan, and Australia are major countries of the IT monitoring tools market in the region. The rising number of small and medium-sized companies in Asia Pacific countries has propelled demand for IT monitoring tools in this region.
Key Players Operating in the Global IT Monitoring Tools Market
Key players operating in the global IT monitoring tools market are listed below:
- BMC Software
- HP Enterprises
- IBM Corporation
- Microsoft Corporation
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Global IT Monitoring Tools Market: Research Scope
Global IT Monitoring Tools Market, by Product
- IT Operations Analytics (ITOA)
- IT Infrastructure Management (ITIM)
Figure: Global IT Monitoring Tools Market, by Product
Global IT Monitoring Tools Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Figure: Global IT Monitoring Tools Market , by Region
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