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Monitoring Tools Market to Reach $140.4 Billion, Globally, by 2032 at 20.1% CAGR: Allied Market Research

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Advancements in artificial intelligence and machine learning and growing demand for unified monitoring solutions offer remunerative opportunities for the expansion of the global monitoring tools market. 

NEW CASTLE, Del., Sept. 16, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Monitoring Tools Market by Component (Software and Services), Deployment (Cloud and On-Premises), Type (Infrastructure Monitoring Tools, Application Performance Monitoring Tools, Security Monitoring Tools and End-user Experience Monitoring Tools), and Vertical (BFSI, Retail & E-commerce, Healthcare, IT & Telecom, Media & Entertainment, Manufacturing and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the monitoring tools market was valued at $26.5 billion in 2023, and is estimated to reach $140.4 billion by 2032, growing at a CAGR of 20.1% from 2024 to 2032.

Prime determinants of growth 

The global monitoring tools market is experiencing growth due to rising demand for proactive monitoring, increased focus on cybersecurity and regulatory compliance requirements. However, high implementation costs hinder market growth to some extent. Moreover,

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Report coverage & details: 

Report Coverage 

Details 

Forecast Period 

2024–2032

Base Year 

2023

Market Size in 2023 

$26.5 Billion 

Market Size in 2032 

$140.4 Billion 

CAGR 

20.1 %

No. of Pages in Report 

200

Segments Covered 

Component, Deployment, Type, Vertical and Region. 

Drivers 

Rising Demand for Proactive Monitoring 

Increased Focus on Cybersecurity 

Regulatory Compliance Requirement 

Opportunities 

Advancements in Artificial Intelligence and Machine Learning 

Growing Demand for Unified Monitoring Solutions 

Restraint 

High Implementation Costs 

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Segment Highlights

The services segment held the highest market share in 2023 

By component, the services segment is projected to attain the fastest growing segment from 2023 to 2032, owing to increase in demand for expert support, customization, and managed services to optimize monitoring tool deployment and usage, which is driving the segment growth.

The cloud segment held the highest market share in 2023 

By deployment, the cloud segment is projected to attain the fastest growing segment from 2023 to 2032, owing to the surge in adoption of cloud computing, and the need for scalable and flexible monitoring solutions. The benefits of cloud-based deployment such as ease of access and reduced infrastructure costs are driving the segment growth.

The infrastructure monitoring tools segment held the highest market share in 2023 

By type, the infrastructure monitoring tools segment is projected to attain the fastest growing segment from 2023 to 2032, owing to the rising complexity of IT environments and the need for optimized performance and reliability, which is driving the segment growth.

The BFSI segment held the highest market share in 2023 

By vertical, the BFSI segment are projected to attain the fastest growing segment from 2023 to 2032, owing to the increase in regulatory compliance requirements, the need for robust cybersecurity measures, and the demand for real-time monitoring to ensure operational efficiency and security, which is driving the segment growth.

North America led the market share in 2023 

North America led the market share in 2023, owing to the advanced technological infrastructure, high adoption of cloud services, and significant investment in cybersecurity. In addition, the presence of major market players and the increase in demand for sophisticated monitoring solutions across various industries contribute to North America’s dominance in the monitoring tools market. 

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Major Industry Players: – 

Amazon Web Services, Inc. Cisco Systems, Inc. Dynatrace, Inc. Google LLC IBM Corporation Microsoft NETSCOUT Systems, Inc. New Relic, Inc. Riverbed Technology LLC Splunk Inc 

The report provides a detailed analysis of these key players in the global monitoring tools market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, acquisition and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Recent Development: 

In February 2023, Tech Mahindra, a provider of digital transformation, consulting, and business re-engineering services and solutions, announced the launch of SANDSTORM. This groundbreaking remote real-time network monitoring and smart device assurance service is designed for telcos and enterprises. SANDSTORM enables service providers to remotely measure customer experiences across various devices, including smartphones, tablets, VR headsets, smart TVs, and connected cars. In August 2021, Netscout Systems, Inc. launched NETSCOUT Smart Edge Monitoring, which is providing IT teams with comprehensive visibility and insights to ensure optimal end-user experiences across any network or application, regardless of employees’ work locations. 

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Saxon Unmanned Selects IGCS International and Lacks Enterprises for its High-Volume USA Manufacturing Partner for its Platforms

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DALLAS, May 10, 2026 /PRNewswire/ — Saxon Unmanned has selected IGCS International and its strategic partner Lacks Enterprises to deliver high-volume, 100% USA-made production of its flagship UAV platforms: Monitor VTOL, VIPER, Atlas, and Titan.

This strategic partnership immediately accelerates output at IGCS’s fully domestic Grand Rapids, Michigan facilities — an 80,000 ft² advanced composites center, seven injection molding plants with 115+ machines (250–4,400 tons), four electroplating lines, and three high-volume painting & finishing facilities producing over 60,000 parts per day. The result: dramatically faster production rates, significantly lower costs, and uncompromising Made-in-America quality.

Pairing Saxon Unmanned’ s rugged, long-endurance airframe designs with IGCS’s world-class composites, molding, plating, and finishing expertise, the alliance is now scaling delivery for multiple UAV platforms.

“Saxon Unmanned chose IGCS and Lacks for one reason: they deliver the fastest, highest-volume USA production in the industry,” said John Ferguson of Saxon Unmanned. “We will be manufacturing the Monitor VTOL, VIPER, Atlas, and Titan at scale — lighter, stronger, more affordable, and 100% American-made.”

“This partnership fulfills the requirements of USA MADE for America’s Drone Dominance program with rapid, reliable domestic manufacturing,” added Russ Spears, President of IGCS International. “IGCS and Lacks are proud to serve as Saxon’s high-volume production engine — and we have massive available capacity ready for more partners. We invite every forward-thinking drone manufacturer to bring your designs to our Grand Rapids facilities and scale production faster and more affordably than ever before.”

The alliance strengthens U.S. supply chain security, reinforces American manufacturing supremacy, and meets the urgent demand for unmatched unmanned aircraft superiority. IGCS International and Lacks Enterprises are actively seeking additional unmanned systems partners ready to launch at full speed with proven, high-capacity domestic manufacturing.

About IGCS International IGCS International delivers advanced manufacturing solutions to the Department of War and prime contractors. All operations are 100% USA-based in Grand Rapids, Michigan. www.igcsintl.com

About Lacks Enterprises Founded in 1961, Lacks Enterprises is a advanced manufacturing powerhouse with deep expertise in electroplating, high-tonnage injection molding, advanced composites, and high-performance painting & finishing. Operating multiple state-of-the-art facilities in Grand Rapids, Michigan, Lacks delivers Tier-1 quality, high-volume capacity, and unmatched surface engineering capabilities — all 100% Made in America. lacksenterprises.com

About Saxon Unmanned McPherson, Kansas-based designer and manufacturer of rugged, long-endurance UAV systems. saxonunmanned.com

KCR Management provides strategic advisory services and assists qualified companies in accessing financing solutions, including through Bank of America Government Contracting (BofA Gov Con), to support rapid scaling, compliance, and growth.

Media Contact: Russ Spears,
President, IGCS International
Email: russ@igcsintl.com www.igcsintl.com

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NVIDIA Founder, CEO Jensen Huang to Carnegie Mellon University Graduates: ‘Shape What Comes Next’

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Visionary leader behind AI tech delivers keynote, receives honorary doctorate

PITTSBURGH, May 10, 2026 /PRNewswire/ — Carnegie Mellon University conferred more than 5,800 undergraduate and graduate degrees at its 128th Commencement ceremony on Sunday, May 10. Bridging the gap between technological innovation and the transformative power of the arts, these new alumni are ready to address society’s most urgent needs with the bold, collaborative spirit that defines the Carnegie Mellon experience.

Founder and CEO of NVIDIA Jensen Huang, received an honorary Doctor of Science and Technology degree and delivered an inspiring keynote address, articulating lessons learned and offering advice to graduates entering a world of accelerating change.

“You are entering the world at an extraordinary moment. A new industry is being born. A new era of science and discovery is beginning. AI will accelerate the expansion of human knowledge and help solve problems once beyond our reach,” he said. “No generation has entered the world with more powerful tools — or greater opportunities — than you. We are all standing at the same starting line. This is your moment to help shape what comes next. So run. Don’t walk.”

Huang, who has earned a spot on multiple “most influential people” lists in recent years, shared stories from his more than three decades at NVIDIA — a powerhouse underpinning the world’s most advanced AI and accelerated computing. He met with a group of Carnegie Mellon University students prior to the ceremony to learn about their interests and to see research projects they’ve helped to develop during their time at CMU. In his address, Huang encouraged graduates to stay dedicated to their pursuits with unwavering determination.

“Carnegie Mellon has a motto I love: My heart is in the work. So, put your heart in the work. Build something worthy of your education, your potential, and the people who believed in you long before the world did,” he said. “We have the opportunity to close the technology divide — and bring the power of computing and intelligence to billions of people for the very first time. To reindustrialize America and restore our capacity to build. And to help create a future more abundant, more capable, and more hopeful than the world you inherited.”

Carnegie Mellon University President Farnam Jahanian introduced Huang, praising him for continuing to advance a vision of technology as a powerful tool for amplifying what people can create, discover and achieve.

“His influence extends far beyond the technology sector, with tools and platforms that are empowering researchers, practitioners, students, creators and entrepreneurs around the globe to tackle increasingly complex challenges and unlock new possibilities,” Jahanian said.

Inspired by the late Carnegie Mellon professor and Nobel laureate Herb Simon, Jahanian urged graduates to be actors, not spectators, and to shape the future through lifelong learning, open dialogue and faith in humanity.

He went on to offer a parting charge before congratulating members of the Class of 2026 on their accomplishments.

“When the landscape shifts beneath you, make the world your classroom; your canvas; your laboratory; and your stage,” Jahanian said. “Consider all the people who have contributed to your success today and remember to enrich the lives of others in the same way.”

Simi Olusola-Ajayi, a graduating master’s student in Human-Computer Interaction who represented her class at the ceremony, exemplifies Jahanian’s charge. In her remarks, she shared her story about discovering a new path at Carnegie Mellon and exploring the middle — “the space between who we thought we would be and who we are becoming right now.”

“I do not know what middles we will find ourselves navigating next. What rooms we will walk into. What adventures we will stumble into or charge into headfirst. But we get to do so with a masterclass subscription that never expires,” Olusola-Ajayi said. “We get to show up in every room, in every middle, in ways only a Carnegie Mellon education could have prepared us for.”

Her words resonated with Keenan Norton, a newly minted alumnus and Fulbright Scholar with a degree in chemical engineering, environmental and sustainability studies, and Hispanic studies.

“I am equipped with the cultural and political humility that will be required of the engineers of the future to fight for good in ways that are meaningful for and considerate of all stakeholders,” Norton said.

Beverly Da Costa, the first recipient of Carnegie Mellon’s Bachelor of Science in Robotics degree, joined the group of students who met with Huang on Sunday morning.

As graduation approached, she reflected on her time at CMU forging her own new path for the future.

“Problem-solving has been baked into every single class here, and I don’t just mean math problems. I mean resourcefulness,” she said of her CMU experience.

She noted lab research exposed her to the full complexity of real robotic systems — from wiring and electronics to code, testing and failures — while her classes reinforced those lessons through hands-on, experiential learning rather than theory alone.

“That bakes the memories and lessons into your brain in a way that sticks, especially the mistakes,” she said. “I feel ready for what’s next.”

In addition to celebrating its newest alumni, Carnegie Mellon University recognized four prominent leaders during the ceremony. CMU Provost James H. Garrett Jr. conferred honorary degrees upon Huang, as well as 2026 Tony Awards Nominee Broadway producer and CMU alumna Jamie deRoy, International Poetry Forum founder Samuel Hazo and Nobel laureate in economic sciences Thomas Sargent.

About Carnegie Mellon University
Carnegie Mellon is a private, internationally ranked research university with acclaimed programs spanning the sciences, engineering, technology, business, public policy, humanities and the arts. Our diverse community of scholars, researchers, creators and innovators is driven to make real-world impacts that benefit people across the globe. With an unconventional, interdisciplinary and entrepreneurial approach, we do the work that matters.

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SOURCE Carnegie Mellon University

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MICROIP Unveils “Software-Driven Hardware” Strategy at EEC 2026, Partnering with Poland to Build a Resilient Edge AI & ASIC Supply Chain

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KATOWICE, Poland, May 10, 2026 /PRNewswire/ — At the 2026 European Economic Congress (EEC 2026), MICROIP Chairman Dr. James Yang participated in a high-level dialogue at the “Poland-Taiwan Economic Cooperation Forum.” Joined by Ambassador Liu Yong-jian and HCG Vice Chairman Michael Chiu, Dr. Yang advocated leveraging Taiwan’s semiconductor prowess to propel Poland into a strategic hub for European Edge AI.

Addressing the “Last Mile” of AI deployment, Dr. Yang noted that global adoption is hindered by fragmented end-user demands and the high cost of general-purpose chips. “MICROIP advocates a ‘Software-Driven Hardware’ approach,” Yang stated, emphasizing translating domain expertise into silicon reality. By utilizing mainstream chip platforms alongside MICROIP’s low-power Customized ASIC Design Services (CATS) and AIVO No-Code platform, engineers can transform specific industry knowledge into specialized applications with minimal barriers. This model has already demonstrated commercial success in autonomous UAV navigation—tracking objects without internet access—and in smart cities, where on-device processing protects privacy while saving critical bandwidth.

The forum highlighted the synergy between Poland’s “Soft Intelligence” and Taiwan’s “Hard Foundations”. Michael Chiu of HCG identified Poland as a core innovation partner for Taiwan’s security industry. Dr. Yang noted that combining Europe’s software talent with Taiwan’s hardware creates a “resilient supply chain,” establishing Poland as an “AI Hardware-Software Innovation Hub”. Furthermore, MICROIP collaborates with its sister company, Arculus System, to provide professional EDA services. This strategic partnership significantly reduces the ASIC R&D-to-mass-production cycle, allowing MICROIP to co-define global AIoT standards while providing European clients with the most cost-effective solutions to meet localized market needs.

“Talent is the ultimate currency of the AI industry; we invest where the talent is,” Yang concluded. Success will be measured by a deep symbiosis of technology and talent, moving beyond simple trade to a thriving industrial ecosystem. This strategic alignment positions MICROIP to bridge technical value with international capital markets, opening a new chapter for the global ASIC and AI software design service industry.

About MICROIP

MICROIP is a Taiwan-based leader in ASIC design services, AI software, and IP licensing. Through its CATS (Custom ASIC Technology & Solutions) and CAPS (Cross-platform AI Processing Service) platforms, it accelerates real-world AI deployment and shortens development cycles. Visit www.micro-ip.com.

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