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End User Experience Monitoring (EUEM) Market 2024 - By Size, Share, Growth, Analysis, Trends And Forecast To 2033
End User Experience Monitoring (EUEM) Market
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According to The Business Research Company's, The end user experience monitoring (EUEM) market size has grown exponentially in recent years. It will grow from $2.86 billion in 2023 to $3.46 billion in 2024 at a compound annual growth rate (CAGR) of 20.9%. The growth in the historic period can be attributed to the emergence of advanced analytics and AI-driven solutions, expansion of digital and mobile channels, rapid urbanization, and a growing number of agents to provide better end-user experience.
The end user experience monitoring (EUEM) market size is expected to see exponential growth in the next few years. It will grow to $7.41 billion in 2028 at a compound annual growth rate (CAGR) of 21.0%. The growth in the forecast period can be attributed to growing focus on improving customer experience, rising demand for monitoring devices and applications, the fast shift to remote work, digital transformation and user-centric focus, growing focus on improving customer experience. Major trends in the forecast period include a rise in investment in advanced technology across industries, the aggregate of artificial intelligence and ML into EUEM devices, and product innovations.
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Market Drivers and Trends:
The shift towards remote work is expected to propel the growth of the user experience monitoring (EUEM) market going forward. Remote work refers to a work setup where employees carry out their tasks outside of a conventional office setting, frequently from home or another preferred location. The fast shift to remote work is due to fewer interruptions and distractions, flexible schedules, reduced commute time, and reduced overhead costs. User experience monitoring in remote work ensures seamless performance and productivity by tracking and analyzing employee interactions with digital tools. For instance, in February 2023, according to the Office for National Statistics, a UK-based non-ministerial department, between April 27 and May 8, 2022, when the recommendation to work from home was lifted in Great Britain, approximately 38% of employed adults stated that they had worked remotely. In the latest period, from January 25 to February 5, 2023, about 40% of working adults mentioned having worked from home at least once in the past seven days. Therefore, the shift towards remote work drives the user experience monitoring (EUEM) market.
Major companies operating in the user experience monitoring (EUEM) market are developing innovative solutions, such as enterprise solutions, to proactively monitor, diagnose, and report end-user experience issues across IT infrastructures, ensuring optimal performance and user satisfaction. The enterprise solution is a robust platform for monitoring and managing the user experience. For instance, in March 2023, eG Innovations Inc., a US-based provider of user experience monitoring solutions, launched its latest flagship product, eG Enterprise v7.2. This new version is designed to be a complete observability solution for modern IT technologies, with enhanced monitoring capabilities for digital workspaces, web applications, cloud environments, and enterprise or SaaS applications. The release includes several architectural improvements, such as the ability to push agents from a central location, a new incident management panel, and enhanced remote control action permissions.
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Major Key Players of the Market:
International Business Machines Corporation, Oracle Corporation, Broadcom Inc., SAP SE, Lumen Technologies Inc., Splunk Inc., BMC Software Inc., Micro Focus International, Datadog Inc., Dynatrace LLC, New Relic Inc., Riverbed Holdings Inc., AppDynamics Inc., Nexthink SA, SmartBear Software Inc., Catchpoint Systems Inc., Lakeside Software LLC, eG Innovations Inc., Aternity LLC, Instana Inc., AppNeta, CA Technologies, Stackify LLC
End User Experience Monitoring (EUEM) Market 2024 Key Insights:
• The end user experience monitoring (EUEM) market size is expected to see exponential growth in the next few years. It will grow to $7.41 billion in 2028 at a compound annual growth rate (CAGR) of 21.0%.
• Impact Of Remote Work Trends On The Growth Of The End User Experience Monitoring (EUEM) Market
• Technological Innovations Driving The User Experience Monitoring (EUEM) Market
• North America was the largest region in the end user experience monitoring (EUEM) market in 2023
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End User Experience Monitoring (EUEM) Market
End User Experience Monitoring (EUEM) Market: A Comprehensive Overview
Introduction
End User Experience Monitoring (EUEM) has become an essential aspect of modern IT infrastructure management. As businesses continue to rely heavily on digital platforms, ensuring that users have a seamless and positive experience has grown in importance. EUEM tools focus on tracking and analyzing the performance of applications and websites from the perspective of the end user. This approach enables organizations to…
End-User Experience Monitoring (EUEM) Market: A Holistic Approach to Digital Exp …
The End-User Experience Monitoring (EUEM) market has experienced significant growth in recent years, driven by the increasing reliance on digital applications and services. EUEM solutions provide valuable insights into the digital experience of users, helping organizations identify and resolve performance issues, improve user satisfaction, and enhance overall business operations.
Market Size and Growth
The global EUEM market is estimated to be worth billions of dollars, with a significant portion of the growth…
