August 2022

Towards $3.9 Billion Cloud Monitoring Market

cloud monitoing

According to MarketsandMarkets report Cloud Monitoring and Cloud Performance market will grow from $1.5B in 2022 to $3.9B by 2027 at 17.6% CAGR. The marketing firm expects large enterprises to lead this market, driven by the further need for better cloud security and performance.

Cyber attacks on cloud infrastructure accounted 20% in 2020. Cloud Monitoring as a Service is gaining popularity for large businesses interested in a fully managed cloud monitoring solution. Third-party providers offer such CMaaS services capable of 24x7x365 automatic monitoring and instant alerts.

Such a service is crucial for the banking and Financial services sector because these organizations deal with critical financial data and are heavily regulated. To stay competitive, financial organizations must automate their cloud operations and make them more efficient. Most financial institutions consider hybrid and multi-cloud deployments. With moving more data and services to the cloud their demand for CMaaS is higher than ever.

The demand for Cloud Performance and Automated Cloud Monitoring differs by region, and the Asia Pacific is projected to have the highest demand for these services. While some countries, like Japan have already established a solid cloud infrastructure, some others are only taking the initial steps in this direction. The highest CAGR is expected in this region due to the forecasted migration of complex workloads, particularly based on automation and machine learning technologies. With artificial intelligence and machine learning pipelines in their cloud infrastructure, large enterprises and financial organizations significantly increase the complexity of their cloud solutions, which turns into high demand for automatic monitoring and performance solutions for cloud management.

According to the report, leading Cloud Performance Management Market players include Microsoft, IBM, HPE, Oracle and others.

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Digital Experience Journal: Top 20 Vendors for Managing IT Performance in 2022

monitoring, observability

Digital Enterprise Journal’s recently published analysis of IT performance markets, 24 Key Areas Shaping IT Performance Markets in 2022. Designed to help end-user organizations understand what solution is the best fit for their specific needs, it provides an in-depth analysis of which vendors, including Catchpoint, align with key user requirements for managing IT performance in relation to this year’s key trends.

Catchpoint is proud of customers like Equinix, SAP and Cox Automotive, who tell their success stores with the company’s products:

Kelsey Waters, Senior Director of Cloud Operations, Equinix:

Catchpoint gives Equinix a more complete picture of internet visibility into what’s going on in the network, and that helps the company solve problems more quickly and communicate problems with clarity for customers. With Catchpoint, Equinix is able to identify and diagnose issues in a matter of minutes and begin to correct them before they become larger problems for end users.

Equinix is a leader in the digital infrastructure space, providing a platform that guarantees flexibility, scalability, and security. Top-tier enterprises, software as a service (SaaS), and cloud providers rely on Equinix to deliver services and expect no compromise when it comes to digital performance.

Equinix is a neutral co-location and data center provider. “The fundamental idea of Equinix was to create a place where competitive networks could come together and share data in a secure way,” explains Kelsey Waters of Cloud Operations. Equinix includes its subset, Equinix Metal. Equinix Metal provides bare metal services in a consumption-based model, similar to public clouds but in a bare metal fashion (Catchpoint is itself a customer).

Digital performance is crucial to Equinix, as they help customers scale businesses with agility and ease, without worrying about critical infrastructure. With more than 220 data centers in over 26 locations worldwide, Equinix strives to maintain 99.9% uptime. Equinix partnered with Catchpoint to:

  • Ensure service reliability.
  • Offer customers insights into observability and performance trends.
  • Maintain consistent availability and reachability.
  • Provide a full picture of the internet.

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To ensure customers provide the best end-user experience, Equinix services must consistently run at peak levels. That’s why they invested in Catchpoint’s end user observability solution to stay ahead of any network-impacting incident

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