Application Performance Management (APM) Software Market 2022 Size, Growth Analysis Report, Forecast to 2028

The global APM software market is anticipated to grow at a considerable CAGR of 10.8% during the forecast period (2022-2028).

APM software is used for tracking key performance metrics and telemetry data of applications and websites. APM software is used to ensure availability, optimize service performance and response time, and improve user experience based on the data. The major factor attributing to the growth of the global APM software market includes the increasing use of APM software for monitoring application performance in the retail industry. According to the National Retail Federation (NRF), the retail industry is growing consistently over the last two decades. The retail industry growth was increased to more than 14% growth in 2021. According to NRF estimations, the retail industry will be growing by 6% to 8% in 2022 accounting for around $4.9 trillion.

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The use of APM software is also increasing in various other industries, including the BFSI, IT & telecom, manufacturing, healthcare, and other industries due to several technical and business benefits provided by APM software. The technical benefits include improvement in application stability, reduction in performance incidents, faster resolution of performance-related problems, enhanced quality of software releases, and improvement in infrastructure utilization. The business-related benefits include improved productivity of developers, increased time for focusing on innovation, enhancement in user experience, reduction in operational costs, and improvements in conversion rates. Thus, increasing the demand for APM software.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. Some major APM software in the market includes Traceview, eG Innovations, Datadog, Sematext, ManageEngine Application Manager, Site24X7, New RelicAppDynamics, OpsView, Dynatrace, and Zenoss among others.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Deployment
o By Industry

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- SAP SE, IBM Corp., Adobe Inc., Oracle Corp., and Microsoft Corp., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global APM Software Market Report by Segment

By Deployment
• Cloud-Based
• On-Premise

By Industry
• IT & Telecom
• BFSI
• Retail
• Manufacturing
• Healthcare
• Others

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Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.