Application Performance Monitoring Market

Global Application Performance Monitoring Market is valued at USD 6.3 Billion in 2021 and is expected to reach USD 14.8 Billion by 2028 with a CAGR of 12.9% over the forecast period.

Global Application Performance Monitoring Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: The rising popularity of cloud computing and the increasing deployment of advanced technologies are some of the major factors driving the growth of the Global Application Performance Monitoring Market.

Scope of Global Application Performance Monitoring Market

IT firms are under pressure to decrease downtime and enhance the quality of user experience by enhancing the availability and performance of their apps and important business services. Application Performance Management (APM), a complete application management solution, helps to discover and handle issues quickly and effectively before the company is affected. APM software allows monitoring, tracking, and management of business services and application health from the point of view of the company, its customers, and its partners. Thus, APM solutions assist in making the end-user experience a loyalty-building experience; these solutions control billions of transactions from any device, improve visibility into application components and speed issue resolution repair application performance issues, and improve performance and optimize utilization.

These days, application performance management is no longer exclusively for the operations teams and server admins of the world. APM is today considerably more comprehensive, user-friendly, and attractive than it used to be, with its many aspects progressively embracing the whole spectrum of the application life cycle throughout pre-deployment, production, and post-deployment phases. Indeed, it is quickly becoming equally beneficial to development, testing, operations, and business teams equally.

Developers, for instance, may utilize popular APM software packages to engage more effectively with operations teams, oversee the quality of their work via code-level debugging, and track project progress with readily produced reports. Testers may utilize APM tools to boost their testing accuracy, rapidly discover performance bottlenecks, and conduct load testing on application components and APIs to assure consistent performance under stress. Operations workers may undertake synthetic testing across online, mobile, desktops, and APIs, seeking to provide a great user experience by discovering performance issues before they even arrive downstream. And last but not least, corporate owners may employ APM solutions to monitor web transactions successfully while preserving online income from periodic performance glitches.

Taken together, these numerous frames on APM can give developers, testers, operations, and enterprise members of the team a much clearer picture beforehand of what will happen once an app is officially launched (or perhaps released in a state of continuous deployment), ensuring that fewer reliability issues will catch them off guard. Using the same APM findings implies that the whole production team can work from the same data, share discoveries with each other, and cooperate more closely to minimize the time-to-market for every development project.

The Covid-19 pandemic has shown a positive impact on the growth of the global application performance monitoring market. The application performance management market is predicted to gain a considerable share owing to increasing demand, both inpatient demands and IT connection, or even network capacity. For many firms, software and services are the potentials for income right now, with the rising trends of online business across the globe.

The global Application Performance Monitoring market is segmented based on platform type, deployment mode, industry vertical, enterprise size, access type, and region & country level. Based on platform type, the global Application Performance Monitoring market is segmented into software and services. By deployment mode, the market is segmented into on-premises, cloud, and hybrid.

By industry vertical, the global Application Performance Monitoring market is segmented into BFSI, manufacturing, government, healthcare, retail, it and telecom, logistics, media and entertainment, education, and others. By enterprise size, the global Application Performance Monitoring market is segmented into small & medium enterprises (SMEs) and large enterprises. By access type, the global Application Performance Monitoring market is segmented into web application performance monitoring and mobile application performance monitoring.

The regions covered in the global Application Performance Monitoring market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Application Performance Monitoring is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Global Application Performance Monitoring Market Segmentation

By Platform Type

• Software
• Services
• Deployment and integration
• Support and maintenance
• Training and education

By Deployment Mode

• On-premises
• Cloud
• Hybrid

By Industry Vertical

• BFSI
• Manufacturing
• Government
• Healthcare
• Retail
• IT and telecom
• Logistics
• Media and entertainment
• Education
• Others

By Enterprise Size

• Small & Medium Enterprises (SMEs)
• Large Enterprises

By Access Type

• Web Application Performance Monitoring
• Mobile Application Performance Monitoring

Key Players of Global Application Performance Monitoring Market

Some major key players for the global Application Performance Monitoring market report cover prominent players like

• AppDynamics
• AppNeta
• BMC Software
• CA Technologies
• Dynatrace LLC
• IBM
• Zoho Corp
• Microsoft
• Oracle
• New Relic
• Nastel Technologies
• SolarWinds Worldwide
• Hewlett Packard Enterprise Development LP
• Quest Software
• Riverbed Technology
• Splunk

News

• January 2022 - Kong Inc., a cloud connectivity provider, announced the launch of Kong Enterprise 2.7, a cloud-native service connectivity platform that allows enterprises to manage APIs effectively and reliably and microservices at scale across any underlying architecture.
• June 2021 - Netreo, a provider of IT infrastructures and application performance monitoring solutions, has signed a formal cooperation with Silxo, a systems integrator specialized in digital and business transformation services in tightly controlled sectors. Silxo is based in London, and the deal may help Netreo to grow its footprint in the United Kingdom by building a top-tier channel partner that will deliver strategic business services aimed to C-level executives. Silxo may provide Netreo’s comprehensive on-premises, cloud, and hybrid infrastructure management, application performance management, and code profiling solutions owing to this collaboration.

The rising popularity of cloud computing and the increasing deployment of advanced technologies are some of the major factors driving the growth of the Global Application Performance Monitoring Market.

Increase in deployment of advanced technologies is expected to drive the global application performance monitoring market in the coming years. Organizations are using modern technologies such as big data analytics and machine learning to analyze the enormous amount of data and create visualization insights to better the user experience. Furthermore, enterprises are implementing cloud technologies owing to rapid deployment, minimal maintenance, low financial expenditures in physical infrastructure, and tremendous development in data-sharing technologies.

The implementation of these technologies gives assistance to APM platforms to evaluate and enhance the display of application monitoring tools. For instance, Nexthink, a Switzerland-based IT and software firm, focuses on monitoring and enhancing workers' experience by leveraging artificial intelligence-driven analytics, sentiment collecting, and automated remediation. Enterprises can grasp the urgent demands of their consumers and supply the correct information across multiple digital channels with the aid of this smart technology. Additionally, APM solutions provide several benefits such as included extensive analytical capacity, client activity monitoring, and easy connection with the current framework.

Rise in proliferation of cloud computing boosting demand for application performance monitoring software during the forecast period. Monitoring has expanded over the past decades, as improvements in digital technology have transformed the way the world interacts with apps, websites, and services. According to Catchpoint, a US-based software firm, there is a substantial shift in technologies such as cloud computing, edge computing (CDN, DNS, load balancing, WAF, SDWAN, and others), and server-side and client-side rendering. The requirement for real-user monitoring (RUM) and synthetic transaction monitoring (STM) is growing quickly for analysis purposes.

For instance, Catchpoint provides a cloud computing solution to monitor and evaluate user experiences, and comprehend numerous difficulties such as app failures, third-party components, and cloud stack with new features that boost consumer expectations. Organizations are required to install application performance monitoring tools to prioritize performance issues and also enhance their user experience. These reasons are projected to boost the application performance monitoring market in the coming years.

Europe is expected to Capture a Major Share in the Global Application Performance Monitoring Market

The application performance monitoring market in Europe is expected to develop at a considerable CAGR during the forecast period. APM Service providers in the Central Europe regions are actively investing in mergers & acquisitions to contribute to market growth. For instance, Sentia, the Netherlands-based Azure Expert MSP, has obtained Dutch-Danish MSP Ymir, seeking to become the market leader in the European Managed Services for sophisticated and business-critical cloud applications. Ymor, on the other hand, is considered as an application performance expert, actively involved in collaborations with ExtraHop, AppDynamics, and Dynatrace, among others.

Across the European area, several governments are moving IT services to the cloud to boost efficiency and cut costs. By replacing isolated and aged legacy systems with centralized shared services, government organizations may concentrate their IT resources on core business, increase data security, and focus on human resources as their major goals. To accommodate such significant cloud usage, organizations such as Amazon provide S3 cloud storage classes for data preservation and application hosting. Moreover, cheaper cost helps the SMEs in the area to select such solutions. The rising deployment of data centers and web servers to host applications has boosted the need for application performance management in the European market.

In addition, Raiffeisen Switzerland is in the process of establishing a digital working environment that leads to greater client advisory services and higher efficiency. It is the third-largest bank in Switzerland, with 1.9 million cooperative members, 880 facilities, and 3.8 million consumers across Switzerland.

Asia Pacific is estimated to account for a substantial proportion of the global application performance monitoring market during the forecast period. Developments across IT sectors and increased acceptance of APM solutions among SMEs and big companies are significant factors fueling the market in the regions. Additionally, growth in the use of mobile and cloud technologies by different small- and medium-sized organizations is boosting the application performance monitoring market in the region. The development of infrastructure in nations such as China, India, Japan, and Singapore has been generating new commercial possibilities for vendors, consequently boosting market growth in the region.

The application performance monitoring market in North America is predicted to develop at a considerable CAGR during the forecast period. The steady growth in demand for digital experience monitoring (DEM) solutions from different industries, such as IT & telecom, BFSI, retail, and healthcare, is driving the application performance monitoring market in the region. The rise in the requirement to monitor end-user and customer experience across numerous channels is also projected to propel the market in the region.

By Regional & Country Level

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa