ICT RESEARCH REPORTS Cloud-Monitoring-Market | Page 2

turn, expected to increase due to advantages of cloud monitoring such as cost effectiveness,
performance, scalability, and flexibility have also accelerated growth of the market.
High demand for cloud monitoring for financial applications is expected to increase
market growth
Software-as-a-service is an on-demand application, used to control and rectify performance of a
system. Increasing adoption of software-as-a-services offerings such as customer relationship
management (CRM), human capital management (HCM), enterprise resource management, and
other financial applications creates a favorable environment for adoption of cloud monitoring,
specifically in large organizations. Unlike conventional banking application software, it does not
require employees for smooth running of the system. Also, it does not require major investment
in PCs, network infrastructure, and backup systems. Moreover, it provides data security and does
not require frequent software upgrade. Hence, it reduces the overall cost of the system.
Additionally, growing inclination of the enterprise buyers towards adoption of the software-as-a-
service solutions is expected to boost growth of the market for cloud computing in the near
future. According to Coherent Market Insights’ analysis, around 45% of adoption by large
enterprise in the U.S. will comprise software-as-a-service. This in turn, is expected to boost
growth of the market for cloud monitoring.
Browse More About the Market Study @
https://www.coherentmarketinsights.com/ongoing-insight/cloud-monitoring-market-1129
North America is expected to hold a dominant position in the cloud monitoring market
during the forecast period
North America held a dominant position in the global cloud monitoring market in 2016. The U.S.
and Canada hold the largest market share in the region, owing to the shifting of data to cloud
infrastructure in these countries. In 2015, North America accounted for around 42% of the global
cloud data center workload.
For instance, Amazon Web Services (AWS) enables scalability and flexibility of IT services to be
delivered to end-use industries. Moreover it also provides externally hosted computing resources
to the organizations for their individual services and applications.
Competitive Background
Major players operating in the global Cloud Monitoring market include CA Technologies,