Global IT Infrastructure Monitoring Market is Expected To Reach US$ 34.1 Bn by 2024 : PMR Report.

“IT Infrastructure Monitoring Market: Global Industry Analysis and Forecast 2016 - 2024,”. The global IT infrastructure monitoring market value is anticipated to increase from US$ 19.24 Bn in 2015 to US$ 34.1 Bn by 2024, expanding at a CAGR of 6.6% during the forecast period (2016–2024). The popularity of IT infrastructure monitoring tools among enterprises, that ensures availability of their products and providing efficient service to a consumer through monitoring of the organization’s IT framework is due to its reduction in loss associated with system downtime. The software is very crucial for physical, virtual, and cloud systems alike. Increasing need for enhanced security and monitoring in the organizations across the globe is one of the major factors anticipated to drive the growth of the IT infrastructure monitoring market over the forecast period. Demand for IT infrastructure monitoring tool across the globe is growing steadily due to various benefits associated with them, such as reduction in downtime and investigation time when a problem occurs.