Global Cloud Monitoring Market is expected to reach US$ 4763.06 Mn by 2026 from US$ 782.2 Mn in 2016 at a CAGR of 19.8%.
Cloud monitoring system offers protection to enterprise information technology assets by detecting suspicious activities based on pre-defined signatures or through malicious behavior by monitoring and analyzing network traffic flows. Increase in demand for these solutions for cloud security across industry verticals such as Banking, Financial Services, and Insurance, IT and telecom and retail among others are few major factors boosting overall demand of Cloud Monitoring Market.
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