Monitoring-as-a-Service
A recent market study projected that the Cloud Monitoring market could touch $ 10 billion worldwide by 2023, growing by over 20% each year from here on. While we should always take market projection numbers with a pinch of salt, I’m inclined to believe that this market segment is poised to take off.
We have several engagements where we provide remote infrastructure management services or help our enterprise customers manage their IT landscape. Of late, some of those conversations are moving towards “Monitoring-as-a-Service” kind of arrangements and we now have a couple of sites in play in this mode.
Many factors are coming together to drive this development. Most cloud environments have become more complex. These multi-cloud and hybrid cloud ecosystems are harder to manage, increasing the risks of things going wrong. The tolerance for problems is also low since more critical business systems have now shifted to the cloud. The data workloads that have moved to the cloud are much larger now and need to be accessed much more fluidly and frequently. To add to that risks like security gaps and cost overruns have become much more prevalent. In the face of that complexity, the cloud environment is still required to deliver outstanding performance, availability, and scalability.
That being so, is it any surprise that enterprises and even smaller companies are turning to experts to take over the task of managing their cloud infrastructure?