Techno World 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,