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Docker Monitoring Market Growing at a CAGR 35.6%| Key Player Dynatrace, Appdynamics, New Relic, Broadcom, Microsoft

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Docker Monitoring Market Growing at a CAGR 35.6%| Key Player Dynatrace, Appdynamics, New Relic, Broadcom, Microsoft

December 22
10:06 2020
Docker Monitoring Market Growing at a CAGR 35.6%| Key Player Dynatrace, Appdynamics, New Relic, Broadcom, Microsoft

Dynatrace (US), AppDynamics (US), New Relic (US), Broadcom (US), Microsoft (US), Datadog (US), Sysdig (US), Splunk (US), BMC Software (US), IBM (US), Riverbed Technology (US), Oracle (US), ScienceLogic (US), SolarWinds (US), Micro Focus (US), ManageEngine (US), Wavefront (US), Instana (US), Centreon (US), and Sumo Logic (US)
Docker Monitoring Market by Component (Solution and Services), Organization Size, Deployment Type, Industry Vertical (IT and Telecom, BFSI, eCommerce and Retail, Travel and Hospitality, Healthcare and Life Sciences), and Region – Global Forecast to 2024

The global Docker Monitoring Market size is expected to grow from USD 217 million in 2019 to USD 993 million by 2024, at a Compound Annual Growth Rate (CAGR) of 35.6% during the forecast period. Factors driving the market growth are the need to monitor health status of the docker containers for avoiding system outages and a growth in the demand for optimizing application performance across the dynamic container environment.

Large enterprises segment to hold a larger market size during the forecast period

The adoption of docker monitoring solutions is high among large enterprises, as they spend a significant amount to make themselves technologically proficient. Docker monitoring solutions promise proper functioning of docker containers and services running within the containers through real-time container performance and health analysis, thereby optimizing the hardware and container resources.

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eCommerce and retail segment to grow at the highest CAGR during the forecast period

A growing need for high performance technologies to improve utilization of system resources, minimize costs, and achieve better portability are factors responsible for the eCommerce and retail segment to grow at the highest CAGR. Docker and docker monitoring solutions are capable of delivering services as soon as a request arises and help in improving overall customer experience and customer satisfaction which is highly beneficial for enterprises across eCommerce and retail industry.

The docker monitoring market comprises major solution providers, such as Dynatrace (US), AppDynamics (US), New Relic (US), Broadcom (US), Microsoft (US), Datadog (US), Sysdig (US), Splunk (US), BMC Software (US), IBM (US), Riverbed Technology (US), Oracle (US), ScienceLogic (US), SolarWinds (US), Micro Focus (US), ManageEngine (US), Wavefront (US),  Instana (US), Centreon (US), and Sumo Logic (US). The study includes an in-depth competitive analysis of key players in the docker monitoring market with their company profiles, recent developments, and key market strategies.

The players in this market have embraced different strategies to expand their global presence and increase their market shares. New product launches and enhancements; and partnerships, acquisitions, and collaborations, have been the most dominating strategies adopted by the major players from 2018 to 2019, which helped them strengthen their offerings and broaden their customer base.

Datadog (US) has a strong foothold in the docker monitoring market with its robust offerings. The company adopted various organic growth strategies and continues to enhance its expertise in the market. For instance, in October 2019, Datadog launched the Cluster Agent – a streamlined, centralized approach to collect cluster-level monitoring data, allowing users to auto scale applications using any metric collected by Datadog.

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AppDynamics (US) is among the leaders in the docker monitoring market with a prominent geographic presence. The company has alliances with many leading companies and adopted various organic growth strategies to maintain a strong foothold in the docker monitoring industry. For instance, in January 2019, AppDynamics launched the AppDynamics for Cisco’s Application Centric Infrastructure (ACI), a monitoring solution with end-to-end transaction tracing and correlated data models that pinpoints which constructs in the network impact application performance the most.

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