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Container Monitoring Market Growing at a CAGR 33.0% | Key Player CA Technologies, Appdynamics, Splunk, Dynatrace, Datadog

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Container Monitoring Market Growing at a CAGR 33.0% | Key Player CA Technologies, Appdynamics, Splunk, Dynatrace, Datadog

August 28
08:04 2020
Container Monitoring Market Growing at a CAGR 33.0% | Key Player CA Technologies, Appdynamics, Splunk, Dynatrace, Datadog

CA Technologies (US), AppDynamics (US), Splunk (US), Dynatrace (US), Datadog (US), BMC Software (US), Sysdig (US), SignalFx (US), Wavefront (US), and CoScale (Belgium)
Container Monitoring Market by Component (Solution and Services), Operating System, Deployment Mode, Organization Size, Vertical (Telecom and IT, BFSI, Government, Healthcare and Life Sciences, Travel and Hospitality), and Region – Global Forecast to 2022

The Container Monitoring Market is expected to grow from USD 169.6 Million in 2017 to USD 706.2 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 33.0%, owing to organizations’ continuous focus on digital transformations, the increasing adoption of containerized applications, and the rising need to optimize productivity.

Professional services segment is expected to play a key role in thecontainer monitoring market

The professional services segment is expected to play a major role in changing the container monitoring market services market landscape and grow at the highest CAGR during the forecast period. The professional services in the container monitoring provides support to assist their customers in the efficient use of the solutions and their maintenance. The services aim at training and developing expertise, providing timely upgradations to the platform, and helping customers integrate their platforms with other IT solutions. The market size of the container monitoring professional services segment is expected to be robust; thus, the vendors are innovating and offering various services to expand their customer base across the globe.

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Cloud-based deployment is expected to be a faster growing deployment mode

In the container monitoring market, the cloud is expected to be a faster growing deployment mode, as it benefits organizations with increased scalability, speed, 24/7 services, and enhanced management capabilities. Cloud-based container monitoring solutions are available according to customers’ demand, wherein customers can start or stop any service, at will.

Major players in the container monitoring market include CA Technologies (US), AppDynamics (US), Splunk (US), Dynatrace (US), Datadog (US), BMC Software (US), Sysdig (US), SignalFx (US), Wavefront (US), and CoScale (Belgium). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; mergers and acquisitions; business expansions; and new product launches to achieve a strong foothold in the container monitoring market and expand their presence.

AppDynamics is one of the key players in the container monitoring market. The company is significantly focusing on delivering innovative solutions and services to its customers. In the recent years, the company has adopted the strategies of new product launches and partnerships to deliver innovative offerings and expand its customer base. In April 2017, the company launched AppDynamics Developer Toolkit and the enhanced versions of Enterprise iQ and Business iQ to boost the application and business performance while managing the complexity of business. Similarly, in November 2017, the company partnered with ServiceNow, an enterprise cloud company, to deliver an integrated solution aimed at helping global enterprises proactively manage their applications and deliver unique business uptime.

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Datadog is another innovative product offering company in the container monitoring market. The company has adopted the strategies of new product launches, business expansions, and acquisitions to cater to the expanded customer base. For instance, in November 2017, the company opened offices in London and Dublin to cater to the customers in Europe and expand its business in the region. Similarly, in October 2017, the company launched Live Container Monitoring, a robust feature that offers users real-time insights into the status and performance of all of their containers. Moreover, in September 2017, with the acquisition of Logmatic.io, Datadog has started offering infrastructure metrics, APM, and log management on a single platform.

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