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The global observability tools and platforms market is expected to see rapid growth in the next few years, driven by industry 4.0 integration, sustainability and environmental concerns, and increased emphasis on data-driven decision-making. Major trends in the market include the adoption of artificial intelligence and machine learning, edge computing integration, and the use of blockchain for asset management and augmented reality for maintenance support. Top companies in the market include Microsoft, IBM, Broadcom, Splunk, and Datadog.