Global IT Monitoring Tools Market 2022-2026

The publisher has been monitoring the IT monitoring tools market and it is poised to grow by $36.30 bn during 2022-2026, accelerating at a CAGR of 30.06% during the forecast period. The report on the IT monitoring tools market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by improving efficiency of IT operations, emergence of algorithmic IT operations analytics, and expansion of IoT infrastructure.

The IT monitoring tools market analysis includes the product segment and geographic landscape.

The IT monitoring tools market is segmented as below:

By Product

ITOA
ITIM
Others

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the increasing use of big data for IT monitoring and analytics as one of the prime reasons driving the IT monitoring tools market growth during the next few years. Also, the growing adoption of cloud-based monitoring tools and the growing adoption of software-defined data centers will lead to sizable demand in the market.

The report on IT monitoring tools market covers the following areas:

IT monitoring tools market sizing
IT monitoring tools market forecast
IT monitoring tools market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IT monitoring tools market vendors that include BMC Software Inc., Broadcom Inc., Circonus Inc., Datadog Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., ITRS Group Ltd., Micro Focus International Plc, Microsoft Corp., Nagios Enterprises LLC., NetScout Systems Inc., New Relic Inc., Paessler AG, SAS Institute Inc., SolarWinds Corp., Splunk Inc., VMware Inc., Zabbix LLC., Zenoss Inc., and Zoho Corp. Pvt. Ltd. Also, the IT monitoring tools market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

1. Executive Summary

1.1 Market Overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning

2. Market Landscape

2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market characteristics

3. Market Sizing

3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis

4.1 Five Forces Summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Bargaining power of buyers - Impact of key factors in 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments
Exhibit 24: Chart on Product - Market share 2021-2026 (%)
Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
5.2 Comparison by Product
Exhibit 26: Chart on Comparison by Product
Exhibit 27: Data Table on Comparison by Product
5.3 ITOA - Market size and forecast 2021-2026
Exhibit 28: Chart on ITOA - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on ITOA - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on ITOA - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on ITOA - Year-over-year growth 2021-2026 (%)
5.4 ITIM - Market size and forecast 2021-2026
Exhibit 32: Chart on ITIM - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on ITIM - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on ITIM - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on ITIM - Year-over-year growth 2021-2026 (%)
5.5 Others - Market size and forecast 2021-2026
Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by Product
Exhibit 40: Market opportunity by Product ($ million)

6. Customer landscape

6.1 Customer landscape overview
Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7. Geographic Landscape

7.1 Geographic segmentation
Exhibit 42: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 43: Data Table on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 44: Chart on Geographic comparison
Exhibit 45: Data Table on Geographic comparison
7.3 North America - Market size and forecast 2021-2026
Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 APAC - Market size and forecast 2021-2026
Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.7 MEA - Market size and forecast 2021-2026
Exhibit 62: Chart on MEA - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on MEA - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on MEA - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on MEA - Year-over-year growth 2021-2026 (%)
7.8 US - Market size and forecast 2021-2026
Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
7.9 China - Market size and forecast 2021-2026
Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
7.10 UK - Market size and forecast 2021-2026
Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
7.11 Germany - Market size and forecast 2021-2026
Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.12 Canada - Market size and forecast 2021-2026
Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity By Geographical Landscape
Exhibit 86: Market opportunity By Geographical Landscape ($ million)

8. Drivers, Challenges, and Trends

8.1 Market drivers
8.1.1 Improving efficiency of IT operations
8.1.2 Emergence of algorithmic IT operations analytics
8.1.3 Expansion of IoT infrastructure
8.2 Market challenges
8.2.1 Problems related to tool inter-compatibility and network complexity
8.2.2 Limited scalability of currently available tools
8.2.3 Availability of open-source software
8.3 Impact of drivers and challenges
Exhibit 87: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
8.4.1 Increasing use of Big Data for IT monitoring and analytics
8.4.2 Growing adoption of cloud-based monitoring tools
8.4.3 Growing adoption of software-defined data centers

9. Vendor Landscape

9.1 Overview
9.2 Vendor landscape
Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 89: Overview on factors of disruption
9.4 Industry risks
Exhibit 90: Impact of key risks on business

10. Vendor Analysis

10.1 Vendors covered
Exhibit 91: Vendors covered
10.2 Market positioning of vendors
Exhibit 92: Matrix on vendor position and classification
10.3 BMC Software Inc.
Exhibit 93: BMC Software Inc. - Overview
Exhibit 94: BMC Software Inc. - Product/Service
Exhibit 95: BMC Software Inc. - Key offerings
10.4 Broadcom Inc.
Exhibit 96: Broadcom Inc. - Overview
Exhibit 97: Broadcom Inc. - Business segments
Exhibit 98: Broadcom Inc. - Key news
Exhibit 99: Broadcom Inc. - Key offerings
Exhibit 100: Broadcom Inc. - Segment focus
10.5 Hewlett Packard Enterprise Co.
Exhibit 101: Hewlett Packard Enterprise Co. - Overview
Exhibit 102: Hewlett Packard Enterprise Co. - Business segments
Exhibit 103: Hewlett Packard Enterprise Co. - Key news
Exhibit 104: Hewlett Packard Enterprise Co. - Key offerings
Exhibit 105: Hewlett Packard Enterprise Co. - Segment focus
10.6 International Business Machines Corp.
Exhibit 106: International Business Machines Corp. - Overview
Exhibit 107: International Business Machines Corp. - Business segments
Exhibit 108: International Business Machines Corp. - Key offerings
Exhibit 109: International Business Machines Corp. - Segment focus
10.7 ITRS Group Ltd.
Exhibit 110: ITRS Group Ltd. - Overview
Exhibit 111: ITRS Group Ltd. - Product/Service
Exhibit 112: ITRS Group Ltd. - Key offerings
10.8 Microsoft Corp.
Exhibit 113: Microsoft Corp. - Overview
Exhibit 114: Microsoft Corp. - Business segments
Exhibit 115: Microsoft Corp. - Key news
Exhibit 116: Microsoft Corp. - Key offerings
Exhibit 117: Microsoft Corp. - Segment focus
10.9 Paessler AG
Exhibit 118: Paessler AG - Overview
Exhibit 119: Paessler AG - Product/Service
Exhibit 120: Paessler AG - Key offerings
10.10 SolarWinds Corp.
Exhibit 121: SolarWinds Corp. - Overview
Exhibit 122: SolarWinds Corp. - Product/Service
Exhibit 123: SolarWinds Corp. - Key offerings
10.11 Splunk Inc.
Exhibit 124: Splunk Inc. - Overview
Exhibit 125: Splunk Inc. - Product/Service
Exhibit 126: Splunk Inc. - Key offerings
10.12 Zenoss Inc.

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 17: Five forces analysis - Comparison between2021 and 2026
Exhibits 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on Product - Market share 2021-2026 (%)
Exhibits 25: Data Table on Product - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by Product
Exhibits 27: Data Table on Comparison by Product
Exhibits 28: Chart on ITOA - Market size and forecast 2021-2026 ($ million)
Exhibits 29: Data Table on ITOA - Market size and forecast 2021-2026 ($ million)
Exhibits 30: Chart on ITOA - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on ITOA - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on ITIM - Market size and forecast 2021-2026 ($ million)
Exhibits 33: Data Table on ITIM - Market size and forecast 2021-2026 ($ million)
Exhibits 34: Chart on ITIM - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on ITIM - Year-over-year growth 2021-2026 (%)
Exhibits 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibits 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibits 38: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibits 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
Exhibits 40: Market opportunity by Product ($ million)
Exhibits 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 42: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 43: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 44: Chart on Geographic comparison
Exhibits 45: Data Table on Geographic comparison
Exhibits 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 66: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibits 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibits 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits 69: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits 70: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibits 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibits 72: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits 73: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibits 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibits 76: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibits 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
Exhibits 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibits 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibits 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibits 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
Exhibits 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibits 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibits 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibits 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
Exhibits 86: Market opportunity By Geographical Landscape ($ million)
Exhibits 87: Impact of drivers and challenges in 2021 and 2026
Exhibits 88: Overview on Criticality of inputs and Factors of differentiation
Exhibits 89: Overview on factors of disruption
Exhibits 90: Impact of key risks on business
Exhibits 91: Vendors covered
Exhibits 92: Matrix on vendor position and classification
Exhibits 93: BMC Software Inc. - Overview
Exhibits 94: BMC Software Inc. - Product/Service
Exhibits 95: BMC Software Inc. - Key offerings
Exhibits 96: Broadcom Inc. - Overview
Exhibits 97: Broadcom Inc. - Business segments
Exhibits 98: Broadcom Inc. - Key news
Exhibits 99: Broadcom Inc. - Key offerings
Exhibits 100: Broadcom Inc. - Segment focus
Exhibits 101: Hewlett Packard Enterprise Co. - Overview
Exhibits 102: Hewlett Packard Enterprise Co. - Business segments
Exhibits 103: Hewlett Packard Enterprise Co. - Key news
Exhibits 104: Hewlett Packard Enterprise Co. - Key offerings
Exhibits 105: Hewlett Packard Enterprise Co. - Segment focus
Exhibits 106: International Business Machines Corp. - Overview
Exhibits 107: International Business Machines Corp. - Business segments
Exhibits 108: International Business Machines Corp. - Key offerings
Exhibits 109: International Business Machines Corp. - Segment focus
Exhibits 110: ITRS Group Ltd. - Overview
Exhibits 111: ITRS Group Ltd. - Product/Service
Exhibits 112: ITRS Group Ltd. - Key offerings
Exhibits 113: Microsoft Corp. - Overview
Exhibits 114: Microsoft Corp. - Business segments
Exhibits 115: Microsoft Corp. - Key news
Exhibits 116: Microsoft Corp. - Key offerings
Exhibits 117: Microsoft Corp. - Segment focus
Exhibits 118: Paessler AG - Overview
Exhibits 119: Paessler AG - Product/Service
Exhibits 120: Paessler AG - Key offerings
Exhibits 121: SolarWinds Corp. - Overview
Exhibits 122: SolarWinds Corp. - Product/Service
Exhibits 123: SolarWinds Corp. - Key offerings
Exhibits 124: Splunk Inc. - Overview
Exhibits 125: Splunk Inc. - Product/Service
Exhibits 126: Splunk Inc. - Key offerings
Exhibits 127: Zenoss Inc. - Overview
Exhibits 128: Zenoss Inc. - Product/Service
Exhibits 129: Zenoss Inc. - Key offerings
Exhibits 130: Inclusions checklist
Exhibits 131: Exclusions checklist
Exhibits 132: Currency conversion rates for US$
Exhibits 133: Research methodology
Exhibits 134: Validation techniques employed for market sizing
Exhibits 135: Information sources
Exhibits 136: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global IT monitoring tools market: BMC Software Inc., Broadcom Inc., Circonus Inc., Datadog Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., ITRS Group Ltd., Micro Focus International Plc, Microsoft Corp., Nagios Enterprises LLC., NetScout Systems Inc., New Relic Inc., Paessler AG, SAS Institute Inc., SolarWinds Corp., Splunk Inc., VMware Inc., Zabbix LLC., Zenoss Inc., and Zoho Corp. Pvt. Ltd.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing use of big data for IT monitoring and analytics."

According to the report, one of the major drivers for this market is the improving efficiency of IT operations.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.