Posted 4/15/2024, 7:30:00 AM
Monitoring Market to Reach $170 Billion by 2034, Driven by Digital Transformation Needs
- Monitoring tool market projected to reach US$ 170 billion by 2034, growing at a CAGR of 21.1%
- Driven by digital transformation and need for visibility into IT infrastructure performance
- Software segment to rise at 20.8% CAGR by 2034
- United Kingdom and China to see high growth rates of 21.8% and 21.7% CAGR respectively
- Shift towards DevOps and agile methodologies integrating monitoring into development process