Enterprise Monitoring Market

Top Companies in Enterprise Monitoring Industry - Cisco (US) and Dynatrace (US)

Enterprise monitoring market is projected to grow from USD 35.12 billion in 2024 to USD 80.26 billion by 2029 at a CAGR of 18.0% during the forecast period. Data-driven decision-making is becoming more widespread in enterprises to support decision-making activities. The need to have real-time insights into operations, customers, and market trends stimulates organizations to seek monitoring solutions. The growing emphasis on data-driven decision-making and the need to ensure application performance, security, and compliance have fueled demand for advanced monitoring tools.

The major vendors covered in Enterprise monitoring include Microsoft (US), IBM (US), Cisco (US), Dynatrace (US), Datadog (US), New Relic (US), Elastic N.V. (US), BMC Software (US), Zoho Corporation (India), Logic Monitor (US), SolarWinds (US), Paessler (Germany), Trianz (US), ScienceLogic (US), Grafana Labs (US), VirtualMetric (Netherlands), Coralogix (US), Nagios (US), Pandora FMS (Spain), Sumo Logic (US), Atatus (India), Zabbix (Latvia), Checkmk (Germany), Logz.io (US), Icinga (Germany), Hubstaff (US), and EfficientLab (US). These firms have used a variety of growth methods, including partnerships, agreements, business expansions, collaborations, and the introduction of new products, to increase the prominence of the Enterprise monitoring market.

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Cisco

Cisco Systems, Inc. is a US-based multinational digital communications technology company. It operates through several key business segments, each tailored to address distinct technology needs across diverse industries. The company’s Secure, Agile Networks segment encompasses core networking technologies, such as switching, enterprise routing, wireless, and compute products, offering hardware and software solutions. Meanwhile, the Internet for the Future segment focuses on routed optical networking, 5G, silicon, and optics solutions, featuring similar revenue recognition dynamics. Collaboration, another significant segment of the company, includes meetings, collaboration devices, calling, contact centers, and CPaaS offerings, predominantly comprising software with distinct upfront and ratable revenue recognition models. The End-to-End Security segment covers cloud and application security, industrial security, network security, and user and device security offerings, involving hardware and software solutions with distinct recognition patterns.

By applying an acquisition strategy and leveraging new technologies, Cisco has positioned itself as an essential Enterprise monitoring solution provider. With over 200 acquisitions, Cisco has gained critical capabilities in artificial intelligence, cloud computing, and cybersecurity. Among the notable acquisitions were AppDynamics and Splunk, which helped Cisco offer advanced monitoring tools and integrate solutions with zero-trust security frameworks. Through automation, analytics, and machine learning, it has been easier for organizations to manage their networks and increase operational effectiveness. Since adopting such a proactive strategy on the necessity of shifting according to market needs and expectations, the company could position itself as one of the go-to providers for the complete outsourcing of monitoring for enterprises.

Dynatrace

Dynatrace's principal business offers software intelligence in application, infrastructure, and user experience monitoring and management. The company primarily works towards providing Al-powered observability and automaton features to enable organizations to address cloud intricacies and accelerate digital business outcomes. Since its inception, the company has offered its Dynatrace platform, that contains solutions for the full spectrum of infrastructure monitoring, application and microservice, runtime application protection, digital and business, and cloud automation analytics, among others.

The company has steadily transformed into a leader in the Enterprise monitoring market through mergers and acquisitions, strategic partnerships, and innovation. For instance, in 2024, Runecast was acquired and integrated into security platforms and compliance solutions using artificial intelligence for the client’s security posture management. Dynatrace has developed an integrated platform for actionable insights and observability that can address a wide range of complex issues across the entire IT ecosystem. This platform also provides advanced guidance for automated remediation, enhancing its ability to resolve problems without manual intervention.

Related Reports:

Enterprise Monitoring Market by Platform (Infrastructure, Application Performance, Security, Digital Experience, Workforce Operation), Digital Experience Platform (Synthetics, Real User Experience, Web Performance) - Global Forecast to 2029

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Enterprise Monitoring Market Size,  Share & Growth Report
Report Code
TC 9211
RI Published ON
10/18/2024
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