Global IT Infrastructure Monitoring Market, 2016–2024 Persistence Market Research Global IT Infrastructure Monitoring Market is Expected to be Valued at US$ 34.1 Bn by 2024: Persistence Market Research Persistence Market Research 1 Global IT Infrastructure Monitoring Market, 2016–2024 According to the latest market report published by Persistence Market Research, titled “IT Infrastructure Monitoring Market: Global Industry Analysis and Forecast 2016 2024,”. The global IT infrastructure monitoring market value is anticipated to increase from US$ 19.24 Bn in 2015 to US$ 34.1 Bn by 2024, expanding at a CAGR of 6.6% during the forecast period (2016–2024). The popularity of IT infrastructure monitoring tools among enterprises, that ensures availability of their products and providing efficient service to a consumer through monitoring of the organization’s IT framework is due to its reduction in loss associated with system downtime. The software is very crucial for physical, virtual, and cloud systems alike. Request Sample of this Report: http://www.persistencemarketresearch.com/samples/8797 Increasing need for enhanced security and monitoring in the organizations across the globe is one of the major factors anticipated to drive the growth of the IT infrastructure monitoring market over the forecast period. Demand for IT infrastructure monitoring tool across the globe is growing steadily due to various benefits associated with them, such as reduction in downtime and investigation time when a problem occurs. With enterprises striving to avoid financial losses caused by undetected system failures, they are readily adopting a number of IT infrastructure monitoring solutions for various stages of operations. One of the major restraints hindering the growth of the IT infrastructure monitoring market is security concerns among the users. For solutions requiring public connectivity, security is of vital importance. For instance, in the case of a cloud network monitoring solution, trust is needed to be placed on the cloud provider. Cloud-based solutions have a wider attack surface, as compared to in-house network monitoring solutions, which can be disconnected from the public network. This factor is anticipated to restrain the growth of the IT infrastructure monitoring market over the forecast period. By type, the software segment was valued at US$ 6.1 Bn in 2015 and is estimated to reach a market value of US$ 6.5 Bn by the end of 2016. However, the service segment was valued at US$ 13.1 Bn in 2015 and is estimated to reach US$ 13.9 Bn by the end of 2016. Persistence Market Research 2 Global IT Infrastructure Monitoring Market, 2016–2024 Among end user segments, large enterprise segment constituted 73%, whereas SMEs segment comprised of the remaining 27% of overall end user segment revenue in 2015. In 2015, by deployment model, on-premise was the largest segment accounting for 69.8% of overall market revenue. However, cloud/hosted segment is expected to expand at the highest CAGR over the forecast period. View Report With TOC: http://www.persistencemarketresearch.com/market-research/itinfrastructure-monitoring-market.asp Among the vertical segments, BFSI was the dominant segment with over 40% revenue share of the overall market in 2015, whereas, healthcare segment is expected to witness highest CAGR during the forecast period. In terms of value, the North America IT infrastructure monitoring market dominated the overall market in 2015 and is expected to remain dominant over the forecast period between 2016 and 2024. In terms of value, the Asia Pacific IT infrastructure monitoring market is anticipated to expand at a CAGR of 6.6% during 2016 to 2024. To Buy Full Report: http://www.persistencemarketresearch.com/checkout/8797 Key players in the global IT infrastructure monitoring market include Centreon, CA Technologies, Splunk Inc., Nagios Enterprises, LLC, AppDynamics, Inc., ScienceLogic, Zabbix LLC., Spiceworks Inc., Datadog, Inc., SevOne, Inc., and PagerDuty, Inc. Market Bytes: The need for enhanced security and monitoring in organizations across the globe are the major factors driving the IT infrastructure monitoring market. However, factors such as security concerns among the users, especially for solutions requiring public connectivity and security, is expected to hinder growth of the global IT infrastructure monitoring market. For instance, in case of a cloud network monitoring solution, trust is needed to be placed on the Persistence Market Research 3 Global IT Infrastructure Monitoring Market, 2016–2024 cloud provider. Cloud-based solutions have a wider attack surface, as compared to in-house network monitoring solutions, which can be disconnected from the public network. The global IT infrastructure monitoring market is anticipated to expand at a CAGR of 6.6% in terms of revenue from 2016 to 2024, to reach a market value of US$ 34.1 Bn by 2024. The IT infrastructure monitoring market is segmented on the basis of region into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The North America IT infrastructure monitoring market is expected to be the highest contributor to the overall global IT Infrastructure monitoring market in terms of value share, followed by Europe, by 2016 end. The Latin America IT infrastructure monitoring market is expected to witness highest CAGR over the forecast period (2016–2024). Growth of the North America IT infrastructure monitoring market is primarily attributed to government support to increase IT spending. For instance, the U.S. government is spending more on shared services and cloud services for IT needs, thus reducing expenditure on in-house IT solutions. This is expected to have adverse effect on on-premise IT infrastructure monitoring solution segment growth. Latin America IT infrastructure monitoring market is expected to expand at a CAGR of 8.6% in terms of value over the forecast period (2016-2024). The report provides detailed information about various market trends and offers analysis and insights about the potential of the IT infrastructure monitoring market globally. Furthermore, the IT infrastructure monitoring market is segmented on the basis of type into software and service. The software segment is sub segmented into bundled software and individual software, whereas service segment is sub-segmented into consulting, integration & implementation, and other service. The service type segment is expected to be the highest contributor to the IT infrastructure monitoring market in terms of value share by 2016 end, while software segment is expected to be the fastest growing segment in the overall market over the forecast period. The software segment is expected to expand at a CAGR of 7.4% over the forecast period. On the basis of the deployment type, the market is segmented into on-premise and cloud/hosted. The cloud/hosted segment is expected to expand at the highest CAGR in terms Persistence Market Research 4 Global IT Infrastructure Monitoring Market, 2016–2024 of value during the forecast period. However, the on premise segment accounted for highest revenue share of the overall market in 2015 and is expected to dominate the overall market during the forecast years. PMR for Journalist: http://www.persistencemarketresearch.com/page/journalistresources.asp About Us: Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs. Contact Us: Persistence Market Research 305 Broadway 7th Floor, New York City, NY 10007, United States, USA - Canada Toll Free: 800-961-0353 Email: [email protected] Web: http://www.persistencemarketresearch.com Persistence Market Research 5