Application Performance Monitoring Market Revenue Analysis, Company Revenue Share, Global Forecast Till 2028
According to the most recent report by Emergen Research, the size of the global market for application performance monitoring is anticipated to reach USD 15.40 billion in 2028 at a consistent CAGR. Some of the key reasons propelling market revenue development at the moment include the quickly expanding use of Internet of Things-based devices, rising APM solution adoption among SMEs and large organisations, expanding big data analytics applications, and rising demand for log management systems. Information technology (IT) workers can examine and track the performance of applications using a collection of tools and procedures called application performance monitoring. It emphasises factors like application dependencies, infrastructure, and user experience, among others.
By maximising the availability and performance of their applications and essential business services, IT organisations may decrease downtime and enhance user experience. Application Performance Management (APM), a comprehensive application management solution, aids in the quick and effective identification and resolution of issues before they have an impact on business operations. APM software delivers business service and application health monitoring, tracking, and management from the perspectives of the business, its clients, and its partners. APM solutions manage billions of transactions from any device, gain visibility into application components to expedite problem resolution, fix application performance issues, improve performance, and optimise utilisation, all of which help to make end user experience a loyalty-building experience (through analytics).
The market for application performance management has expanded from first-generation tools for keeping an eye on static backend systems to second- and third-generation tools for keeping an eye on dynamic client applications. These cutting-edge technologies are extracting actionable knowledge from the apps they are monitoring, intelligence that companies can use to better serve customers and boost operational efficiency. APM solutions are transforming into platforms that offer real-time insights into the total business performance of the software-defined organisation thanks to the close integration of customer, business, and performance data.
Several Important Findings from the Report
Scout APM debuted its error tracking programme in June 2021. Through a single, integrated dashboard, it offers visibility into application performance and problem notifications.
In 2020, the software sector held the greatest revenue share in the global market and is predicted to grow quickly over the next five years. The expanding use of application performance monitoring tools and rising demand for APM analytics can be blamed for this.
When compared to other regional markets, Asia Pacific is anticipated to have the quickest revenue CAGR throughout the projection period. The market in this area is experiencing revenue growth as a result of advancements in the IT sector as well as growing use of APM solutions by SMEs and major corporations.
Some major companies included in the global market report are Hewlett Packard Enterprise Development LP., Dynatrace LLC., Broadcom, IBM Corporation, AppDynamics, Microsoft, Dell, Riverbed Technology, Splunk Inc., and New Relic, Inc.
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For the purpose of this report, Emergen Research has segmented the global Application Performance Monitoring (APM) market based on component, deployment mode, application, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Deployment Mode Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue: USD Billion; 2018–2028)
- Synthetic Monitoring
- End-User Monitoring
- Mobile Monitoring
End-Use Outlook (Revenue: USD Billion; 2018–2028)
- IT and Telecommunications
- Media and Entertainment
Regional Outlook (Revenue: USD Billion; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
About Emergen Research
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