Application Performance Monitoring Global Market Expected to Witness $15.49 Billion with Impressive Growth at a 12.5% CAGR By 2028 | Oracle Corporation, Splunk Inc., Datadog Inc., Dynatrace Inc., Elastic NV

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Application Performance Monitoring Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $15.49 billion In 2028 At A CAGR Of 12.5% :

The application performance monitoring market size has grown rapidly in recent years. It will grow from $8.56 billion in 2023 to $9.66 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to increasing complexity of it environments, growing demand for user satisfaction, rise in digital transformation initiatives, risk mitigation and downtime prevention, increasing application complexity..

The application performance monitoring market size is expected to see rapid growth in the next few years. It will grow to $15.49 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to growing emphasis on cloud computing, proliferation of microservices architecture, focus on proactive performance management, globalization and distributed workforces, integration with devops practices.. Major trends in the forecast period include rise of observability platforms, application security integration, adoption of real-time analytics, focus on business impact analysis, collaboration with devops practices..

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Application Performance Monitoring Market Major Segments
The application performance monitoring market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment: Cloud, On-Premises
3) By Enterprise Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By Application: Synthetic Monitoring, End-User Monitoring, Mobile Monitoring, Other Applications
5) By End-User: Banking Finance And Insurance (BFSI), IT And Telecom, Retail And E-Commerce, Healthcare, Education, Media And Entertainment, Manufacturing, Other End-Users

Key Driver - Rising Demand For Cloud And Mobile Computing Drives Growth In The Application Performance Monitoring Market

The surging demand for cloud and mobile computing is expected to propel the growth of the application performance monitoring market going forward. Cloud computing refers to distributing different computing services via the internet, such as storage, processing power, and apps. In contrast, mobile computing is the capacity to access and interact with digital information and services via portable devices. Application Performance Monitoring (APM) is an essential aspect of cloud and mobile computing, as it helps ensure that applications perform optimally and deliver a great user experience. For instance, in December 2021, according to an article published by Eurostat, a Luxembourg-based statistics body for the European Union, 41% of organizations reported using cloud computing services in 2021, a 5.0 %age-point (pp) rise from 36% in 2020. Therefore, the surging demand for cloud and mobile computing will drive the application performance monitoring market.

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Prominent Trend - Innovative Solutions Redefining The Application Performance Monitoring Landscape

Major companies operating in the application performance monitoring market are focused on innovating advanced solutions such as APM 360 to provide reliable customer service and strengthen their market position. APM 360 is a cloud-based asset performance management solution that covers overall asset health, predictive maintenance, and real-time condition monitoring. For instance, in June 2023. New Relic Inc., a US-based web tracking and analytics company, launched New Relic APM 360, the industry's subsequent application performance monitoring (APM) evolution. It goes beyond incident troubleshooting insights for chosen professionals to daily performance, security, and development insights for all engineers. APM 360 connects all critical telemetry data throughout the application stack and development cycle, including deployment modifications, essential transactions, service-level objects (SLOs), logs, facility failures, security, and debugging. APM 360 enables all engineering teams to obtain a shared picture of system health and remove instrumentation gaps, resulting in higher platform adoption and data flow into the system.

Application Performance Monitoring Market Players
Major companies operating in the application performance monitoring market report are International Business Machines Corporation (IBM), Oracle Corporation, Wavefront Technology Solutions Inc., Splunk Inc., Micro Focus International plc, Datadog Inc., Dynatrace Inc., Elastic NV, Quest Software Inc., New Relic Inc., Riverbed Technology LLC, SolarWinds Corp, Ensono Limited., Nexthink SA, AppDynamics, Coralogix Ltd., AppNeta Inc., Honeycomb.io, Catchpoint Systems Inc., Lightstep Inc., Aternity Inc., Site24x7, Nagios Enterprises LLC, Sematext Group Inc., Prometheus Group Enterprises LLC

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Largest And Fastest Growing Region In The Market
North America was the largest region in the application performance monitoring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the application performance monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Application Performance Monitoring Market Report Structure
3. Application Performance Monitoring Market Trends And Strategies
4. Application Performance Monitoring Market - Macro Economic Scenario
5. Application Performance Monitoring Market Size And Growth
…..
27. Application Performance Monitoring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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