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Observability Tools and Platforms Market Share

Report ID: GMI6419
Published Date: Jul 2024
Report Format: PDF

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Observability Tools and Platforms Market Share

Major companies operating in the observability tools and platforms industry are:

AppDynamics (a Cisco company)
Datadog
Dynatrace
Elastic (formerly ElasticSearch)
Grafana Labs
Graylog
Honeycomb
Instana
LightStep
Logicmonitor
New Relic
Sciencelogic
SolarWinds
Splunk
Sumo Logic

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Observability tools and platforms industry recorded USD 2.5 billion in 2023 and is estimated to observe over 10.5% CAGR through 2024-2032, due to increasing demand for application performance management (APM) and fast-paced digitization worldwide.

Observability tools and platforms industry size from the solution component segment is expected to register 9.5% CAGR through 2024-2032, owing to the rise of DevOps and agile practices to meet the need for seamless collaboration between development and operations departments.

The cloud-based deployment mode segment in the observability tools and platforms market recorded over USD 780 million in 2023 and is expected to witness significant growth by 2032 owing to higher demand for multi-cloud strategies.

North America recorded over 35% share of the observability tools and platforms industry in 2023 and will see significant growth through 2032, driven by the robust demand for robust and dynamic IT landscape in the region.