The market for observability tools and platforms is projected to increase from $2.4 billion in 2023 to $4.1 billion by 2028, with a CAGR of 11.7% during the forecast period. The advancements in cloud technology, open-source software, and development tools, monitoring tools, rise in cloud-native demand, a surge in adoption of cloud computing services, the growth of advanced technologies such as AI, ML, IoT, real-time data analytics, enablement of AI-based tools in IT operations, are few key factors driving the growth of the observability tools and platforms market.
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