Artificial Intelligence
The market for Monitoring tools is estimated to grow from USD 24.5 billion in 2023 to USD 63.7 billion by 2028, at a CAGR of 21.1%
New York, Aug. 07, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Monitoring Tools Market by Offering, Type, Vertical and Region – Global Forecast to 2028” – https://www.reportlinker.com/p06482922/?utm_source=GNW
These tools ensure smooth operations, optimize performance, enhance security, and improve customer experiences. As technology advances and monitoring tools become more accessible, their adoption is expected to continue growing, facilitating proactive IT management and reliable service delivery in various industries.
The BFSI vertical is projected to be the largest market during the forecast period
The BFSI (Banking, Financial Services, and Insurance) vertical plays a crucial role in the global economy, and effective monitoring of its operations is of utmost importance.The BFSI Monitoring Tools market encompasses a range of solutions specifically designed to meet the unique requirements and challenges faced by the industry.
These tools enable organizations operating in the BFSI sector to monitor their systems, applications, networks, and infrastructure in real-time, ensuring smooth operations and proactive issue resolution.One of the key drivers behind the growth of the BFSI Monitoring Tools market is the increasing complexity of banking and financial processes.
With the advent of digital transformation, BFSI institutions are adopting advanced technologies such as cloud computing, big data analytics, artificial intelligence, and machine learning.These technologies bring efficiency and innovation but also introduce new vulnerabilities and risks.
Monitoring tools provide continuous visibility into critical systems and processes, allowing organizations to detect and respond to any anomalies or security breaches promptly.
Among type, Infrastructure Monitoring Tools segment is registered to grow at the highest CAGR during the forecast period
Infrastructure monitoring tools are driving the growth of the monitoring tools market as businesses grapple with the increasing complexity of IT infrastructure.These tools provide real-time visibility into networks, servers, and infrastructure components, enabling proactive issue detection and resolution.
By setting up thresholds and alerts, organizations can detect potential issues before they impact operations, minimizing downtime and optimizing performance.Infrastructure monitoring tools also assist in capacity planning and resource optimization, helping businesses make informed decisions about resource allocation and scaling.
Their scalability and adaptability make them well-suited for modern IT environments, including cloud-based resources and distributed systems. Furthermore, these tools integrate with other monitoring domains such as security, end-user experience, and application performance monitoring, providing a holistic view of the IT environment and enhancing troubleshooting capabilities.
Among offering, software segment is anticipated to account for the largest market size during the forecast period
The market for monitoring tool software is experiencing significant growth driven by several key factors.Businesses are adopting these tools to address the increasing complexity of their IT infrastructure, enabling them to track performance, availability, and security across systems, networks, applications, and cloud services.
Real-time visibility is crucial, and monitoring tools provide organizations with timely metrics, alerts, and notifications to promptly address any issues or performance degradation.Advanced analytics and AI capabilities offered by monitoring tools allow businesses to derive actionable insights from large amounts of monitoring data, automating troubleshooting and prediction of potential issues.
The rise of DevOps and agile practices has further fueled the demand for monitoring tools that align with continuous integration, continuous delivery, and rapid deployment processes. Cloud computing and microservices architectures require specialized monitoring solutions to track the performance and health of dynamic and scalable environments.
North America to account for the largest market size during the forecast period
North America is estimated to account for the largest share of the Monitoring tools market.The global market for Monitoring tools is dominated by North America.
Organizations in North America are adopting new monitoring tools, both proprietary and open source, to keep up with the complexity of IT infrastructure.Infrastructure monitoring solutions are being implemented to improve operational efficiency and reduce downtime, providing system-wide insights into the health, performance, and potential issues of the infrastructure.
The media monitoring tools market is also predicted to be led by North America.Network monitoring is a critical IT process that tracks network components and endpoints and provides faults, performance, and traffic monitoring.
Network monitoring tools help IT admins reduce the meantime to repair (MTTR) to solve real-time network performance issues with instant alerting and data in the form of tables, charts, graphs, dashboards, and reports. North American businesses rely on networks, making network monitoring tools essential for maintaining optimal network operations. Overall, North America is actively adopting monitoring tools to optimize performance, enhance security, and leverage emerging technologies for improved efficiency and productivity.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the Monitoring tools market.
• By Company: Tier I: 35%, Tier II: 45%, and Tier III: 20%
• By Designation: C-Level Executives: 35%, Directors: 25%, and Others: 40%
• By Region: North America: 40%, Europe: 20%, APAC: 30%, MEA: 5%, Latin America: 5%
Major vendors offering Monitoring tools solutions and services across the globe are Microsoft (US), Google (US), AWS (US), IBM (US), Cisco (US), Dynatrace (US), Splunk (US), Solarwinds (US), Netscout (US), New Relic (US), Logic Monitor (US), Paessler AG (Germany), Netreo (US), ManageEngine (US), Idera (US), Sematext (US), Datadog (US), Icinga (Germany), Nagios (US), Zabbix (Latvia), Sentry (US), UptimeRobot (Malta), Atera (Israel), Better Stack (Czech Republic), Sumo Logic (US), Checkmk (Germany), Exporise (US), ITRS (UK), Riverbed Technology (US), Nlyte Software (US).
Research Coverage
The market study covers Monitoring tools across segments.It aims at estimating the market size and the growth potential across different segments, such as offering, application, vertical, and region.
It includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market for Monitoring tools and its subsegments.It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies.
It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Rising demand for real-time monitoring and analytics, Increasing emphasis on security and compliance, Growing adoption of cloud-based monitoring solutions, Escalating complexity in the IT infrastructure and network ecosystem), restraints (High implementation and maintenance costs, Lack of skilled professionals to effectively utilize monitoring tools, Integration challenges with existing systems and applications), opportunities (Expansion of digital transformation initiatives across industries, Emerging markets and untapped potential in developing regions, Increasing adoption of Internet of Things (IoT) devices and the need for monitoring their performance), and challenges (Managing the volume and velocity of data, Ensuring compatibility and interoperability with diverse IT environments , Addressing the scalability and flexibility requirements of large-scale monitoring deployments) influencing the growth of the Monitoring tools market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Monitoring tools market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the Monitoring tools market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in Monitoring tools market strategies; the report also helps stakeholders understand the pulse of the Monitoring tools market and provides them with information on key market drivers, restraints, challenges, and opportunities
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players such as IBM (US), Google (US), AWS(US), Microsoft (US), Cisco (US), among others in the Monitoring tools market.
Read the full report: https://www.reportlinker.com/p06482922/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
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Artificial Intelligence
Trianz Welcomes Priyanshu Singh as Vice President & Chief of Staff to the CEO
SANTA CLARA, Calif., July 3, 2024 /PRNewswire/ — Trianz, a global digital transformation technology solutions and services firm, is thrilled to announce the appointment of Priyanshu Singh as its new VP & Chief of Staff. This strategic hire comes at a pivotal moment as Trianz continues to experience remarkable growth, driven by its shift to an ‘IP-led digital transformation’ model with hyper-automated platforms like Concierto – the hybrid cloud migrations and operations platform, and Extrica – the data to AI platform, accelerating customer success.
As Chief of Staff, Priyanshu Singh will play a crucial role in leading Trianz’ IP-led strategy development, operational excellence, and key execution teams, supporting the CEO’s office. He will design and implement organization-wide processes and capabilities and create and oversee opearational monitoring models and enterprise analytics. His expertise in business and competitive strategy, customer experience, digital transformation, and operations across multiple industries will be a tremendous asset as Trainz prepares to scale in this new model.
A graduate of the prestigious National Defense Academy, Priyanshu began his career in the Indian Army. After completing his MBA from IIM Calcutta, Priyanshu joined McKinsey & Company, working on strategy and business model design for clients across industries. His distinguished career includes key leadership roles at Uber, Lithium Urban Technologies, The Adecco Group, and Honeywell. Known for his excellence in reimagining offerings, exceeding support targets, and spearheading innovative solutions, Priyanshu has consistently delivered exceptional results. In 2016, he was recognized as one of India’s ‘Top 40 Under 40′ business leaders by The Economic Times and Spencer Stuart.
“We are excited to welcome Priyanshu Singh to our leadership team. With his military background, he brings a unique blend of discipline and strategic insight to Trianz,” said Sri Manchala, CEO of Trianz. “His deep expertise and forward-thinking approach will be invaluable in shaping our vision as we continue to leverage the power of our in-house innovations, AI, and cutting-edge tools. With Priyanshu on board, I am confident we will accelerate our transformations and achieve operational excellence.”
“I am honored to join Trianz as the new Chief of Staff,” said Priyanshu. “In this role, I will focus on bridging the gap between strategy and execution, ensuring our teams are aligned to achieve our committed objectives. I am passionate about problem-solving and look forward to collaborating with leaders across the organization to foster a culture of agility, adaptability, and continuous improvement. I am thrilled to be part of this dynamic team and confident we can achieve great things together.”
Priyanshu’s appointment underscores Trianz’ commitment to strengthening its leadership team and ensuring the company is well-prepared to seize future opportunities.
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our “IP Led Transformations” approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto , Extrica , and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media Team [email protected]+1-408-387-5800
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Artificial Intelligence
Internet of Things (IoT) in Energy Market to Reach USD 68.2 Billion by 2031 Owing to Rapid Growth in Digitization of Energy Industry | SkyQuest Technology
WESTFORD, Mass., July 3, 2024 /PRNewswire/ — According to SkyQuest, the global Internet of Things (IoT) in Energy Market size was valued at USD 25.2 billion in 2022 and is poised to grow from USD 28.1 billion in 2023 to USD 68.2 billion by 2031, growing at a CAGR of 11.7% in the forecast period (2024-2031).
Growing use of automation in the energy industry is forecasted to bolster the demand for internet of things (IoT) in energy over the coming years. Deployment of smart meters and rising demand for smart grid integration are also predicted to create new opportunities for internet of things (IoT) in energy providers in the future. The global internet of things (IoT) in energy market is segmented into component, network technology, organization size, application, and region.
Download a detailed overview:https://www.skyquestt.com/sample-request/internet-of-things-in-energy-market
Internet Of Things (IoT) In Energy Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 28.1 Billion
Estimated Value by 2031
$ 68.2 Billion
Growth Rate
Poised to grow at a CAGR of 11.7%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Component, Application and Technology
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
High use of smart meters in the energy sector
Key Market Opportunities
Development of satellite networks to improve IoT connectivity for energy applications
Key Market Drivers
Grid modernization is estimated to bolster the demand for internet of things (IoT) in energy
Segments covered in Internet of Things (IoT) In Energy Market are as follows:
ComponentPlatform, Solutions and ServicesApplicationOil & Gas, Smart Grid, and Cool MiningTechnologyCellular Network, Satellite Network, Radio Network and OthersRequest Free Customization of this report:https://www.skyquestt.com/speak-with-analyst/internet-of-things-in-energy-market
Most Internet of Things (IoT) Devices in Energy Sector Connect through Cellular Network
Most IoT devices and components can be connected using a cellular network as cellular infrastructure is already established. Cellular networks offer connectivity for mobile IoT devices and systems used in the energy sector. Growing demand for better connectivity for automation of the energy industry is projected to help this segment account for a substantial share of the global internet of things in the energy market. The advent of 5G technology is also estimated to create new opportunities for internet of things in energy providers in this segment going forward.
An increasing number of IoT and telecommunication network providers are focusing on developing satellite constellations, especially for IoT devices. Low earth orbit (LEO) satellites are being extensively used to establish new communication networks for IoT in energy and other applications. High demand for resilient and reliable connectivity will also help this segment generate new business opportunities in the future.
Smart Grid Applications Lead Internet of Things (IoT) in Energy Adoption Owing to High Investments in Grid Modernization
Smart technologies are being integrated into multiple energy applications to satisfy surging demand for energy and efficient energy management as well. The use of smart meters and the high demand for automation in modern energy grids will also create new opportunities for internet of things in energy companies in the future. High demand for predictive maintenance capabilities in smart grids will also create new opportunities for internet of things (IoT) in energy market players going forward.
View report summary and Table of Contents (TOC):https://www.skyquestt.com/report/internet-of-things-in-energy-market
Platforms Remain Essential for IoT Adoption in Energy Industry
Platforms play a crucial role in the functional operation of IoT devices and systems, which is why this segment is projected to account for a dominant market share. Device connectivity is also projected to be highly dependent on platforms, which is why all internet of things (IoT) in energy companies should focus on this segment to bolster market growth in the long run.
Increasing digitization of the energy industry is expected to create several new opportunities for internet of things (IoT) in energy providers going forward. From start-ups to leading internet of things (IoT) in energy companies all have an equal chance of maximizing their business scope in the future.
Related Reports:
Internet Of Things (IoT) Market
Narrowband-IoT (NB-IoT) Market
Consumer IoT Market
Internet of Things (IoT) in Smart Cities Market
IoT Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
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Artificial Intelligence
Mobile Artificial Intelligence (AI) Market to Transcend USD 114.36 Billion Valuation by 2031-end On the Back of Surging Sales of Smartphones| SkyQuest Technology
WESTFORD, Mass., July 3, 2024 /PRNewswire/ — According to SkyQuest, the global Mobile Artificial Intelligence (AI) Market size was valued at USD 13.4 billion in 2022 and is poised to grow from USD 17 billion in 2023 to USD 114.36 billion by 2031, growing at a CAGR of 26.9% in the forecast period (2024-2031).
Mobile artificial intelligence (AI) refers to the operation of AI models simply on-device without the need for external servers or internet connectivity. Advancements in semiconductor technology and artificial intelligence technology are highly crucial in determining the future of mobile artificial intelligence (AI) market going forward. Targeting the right segment is highly important for any mobile artificial intelligence (AI) market player to maximize their business potential and this is why segmental analysis is highly vital for informed decision-making. The global mobile artificial intelligence (AI) market is segmented into technology node, application, and region.
Download a detailed overview:
https://www.skyquestt.com/sample-request/mobile-artificial-intelligence-market
Mobile Artificial Intelligence (AI) Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 17 billion
Estimated Value by 2031
$ 114.36 million
Growth Rate
Poised to grow at a CAGR of 26.9%
Forecast Period
2024–2031
Forecast Units
Value (USD Million)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Technology Node and Application
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Development of novel blockchain AI solutions that give benefits of both technologies involved
Key Market Opportunities
Advancements in AI Platforms is Propelling Sales
Key Market Drivers
High Sales of Smartphones Driving Market Growth
Segments covered in Mobile Artificial Intelligence (AI) Market are as follows:
Technology Node7 nm, 10nm, 20-28nm, OthersApplicationSmartphones, Cameras, Drones, Automobile, Robotics, AR/VR, Others (Smart Boards, Laptops, PCs)Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/mobile-artificial-intelligence-market
Better Speed and Low Power Consumption Allows 10nm Processors to Be Highly Popular
Growing demand for mobile AI devices around the world has boosted the need for better and more advanced processors and semiconductors. 10 nm technology has emerged as a preferred one when it comes to mobile artificial intelligence (AI) devices owing to its faster performance and better efficiency as compared to other technology nodes. The low cost of 10 nm AI chips also allows them to be used in budget-friendly smartphones and thereby contributes to a higher market share of this segment as well. Mobile artificial intelligence (AI) companies should invest in this segment to maximize their revenue generation potential in the long run.
Meanwhile, 7 nm technology is anticipated to be the most lucrative segment for companies targeting the future market. Investing in the development of faster, smarter, and more efficient 7 nm technology will pay off big time for mobile artificial intelligence (AI) market players in the long run. Growing transistor density in 7 nm chips for advanced AI applications will also create new opportunities for market players via this segment through 2031 and beyond.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/mobile-artificial-intelligence-market
Smartphones Take the Lead in Terms of Mobile Artificial Intelligence (AI) Adoption
There probably isn’t a more popular or widely used mobile device than smartphones. The robust popularity of smartphones and their unbelievably high sales have made them a key application for mobile AI companies around the world. AI-enabled smartphones are the new trend, and this is why more and more smartphone companies are investing in the development of novel mobile AI solutions. Increasing integration of smartphone features with AI is opening a wide window of opportunity for all mobile artificial intelligence (AI) companies.
Reality is changing and mobile artificial intelligence will have a key role in this change going forward. Virtual reality, augmented reality, and mixed reality technologies are blurring the lines between virtual and real worlds. Empowering these devices with mobile AI solutions will create a whole new level of immersion that could redefine the world’s digital experience. Integration of multiple advanced technologies is a key trend that will further offer new application scope for mobile artificial intelligence (AI) companies.
Mobile AI companies have significant opportunities for growth as AI becomes increasingly integrated into various aspects of life. To maximize long-term returns on investment, these companies should prioritize advancing 10nm technology for smartphones.
Related Report:
AI Market
Artificial Intelligence (AI) Chipsets Market
Artificial Intelligence (AI) Platform Market
Artificial Intelligence (AI) in Manufacturing Market
Artificial Intelligence (AI) in Banking, Financial Services, and Insurance (BFSI) Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
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