Synthetic Monitoring Market 2021 Status and Business Outlook - Broadcom Inc., SmartBear Software, Micro Focus International LLC, Catchpoint Systems Inc

The Synthetic Monitoring Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The synthetic monitoring market was valued at USD 838.5 million in 2020, and it is expected to reach USD 1944.705 million by 2026, registering a CAGR of 15.2% over the forecast period 2021 - 2026.

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Top Leading Companies of Synthetic Monitoring Market are Broadcom Inc., SmartBear Software, Micro Focus International LLC, Catchpoint Systems Inc., BMC Software Inc., Oracle Corporation, IBM Corporation, Rigor Inc., SolarWinds Inc., Anokiwave Inc., ThousandEyes Inc., Cisco Systems Inc. (AppDynamics), New Relic Inc., Monitis Inc. and others.

Industry News and Updates

In August 2019 - SmartBear announced the acquisition of Bitbar, the provider of the global advanced mobile application test automation platform and device cloud. This transaction will help SmartBear use technologically advanced testing solutions with the existing product portfolio. This acquisition also allows SmartBear to fully embrace automation to deliver higher quality software faster.

- In February 2020 - Dynatrace announced a partnership with the US Department of Veterans Affairs (VA) for providing the Dynatrace Software Intelligence Platform to significantly enhance enterprises' cloud visibility and support for the VA's cloud migration efforts.

Key Market Trends

IT and Telecommunications is Expected to Show Significant Growth

- Effective monitoring is the key factor governing the on-premise, cloud, or hybrid infrastructure. Relying on traditional IT monitoring tools, which are not built for complex infrastructure landscape, is increasingly becoming difficult for IT managers. These are actively shifting toward synthetic monitoring solutions.

- Active monitoring has significant importance in the complex infrastructure that many IT teams are managing, where multiple networks, providers, and applications can all consume IT time and resources. Synthetic monitoring, therefore, helps troubleshoot in these cases, as it shows IT teams what users see, in a continuous way.

- Modernizing the services for the IT and telecom sector is an evolved approach through API management, for bridging the gap between traditional, on-premise, and cloud-based IT systems. It increases operational efficiency and effectiveness, consolidating the way data is captured, analyzed, and shared across the enterprises, along with an improved experience.

Regional Outlook of Synthetic Monitoring Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Synthetic Monitoring Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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