Vancouver, Oct. 18, 2023 (GLOBE NEWSWIRE) -- The global Application Performance Monitoring (APM) market size is expected to reach USD 22.55 Billion in 2032 and register a steady CAGR during the forecast period, according to latest analysis by Emergen Research. Robust global Application Performance Monitoring (APM) market revenue growth can be attributed to increasing application IoT-based devices, rising adoption of application performance monitoring solutions by SMEs and large enterprises, increasing deployment of big data analytics, and rising demand for log management software and solutions. Application performance monitoring or APM is a set of tools and techniques that enable Information Technology (IT) professionals to analyze and monitor the performance of applications. It helps in early detection of application-related issues by monitoring application's hosting platform, collecting data on process utilization, and analyzing read/write speeds and memory.
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It is widely used in BFSI, manufacturing, e-Commerce, healthcare, IT and telecommunications, retail, media and entertainment, government, and other sectors. Adoption by an increasing number of SMEs in developing countries, rapid technological advancements in application performance monitoring solutions, rising preference for cloud and mobile computing, and expanding use of APM analytics are some of the major factors expected to continue to drive revenue growth of the global APM market to a significant extent going ahead.
Scope of Research
| Report Details | Outcome |
| Market size in 2020 | USD 6.54 Billion |
| CAGR (2023–2032) | 11.2% |
| Revenue forecast in 2032 | USD 23.55 Billion |
| Base year for estimation | 2020 |
| Historical data | 2018–2019 |
| Forecast period | 2023–2032 |
| Quantitative units | Revenue in USD Billion; and CAGR from 2023 to 2032 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Component, deployment mode, application, end-use, and regions. |
| Regional scope | North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
| Country scope | U.S.; Canada; Mexico; Germany; France; U.K.; BENELUX; Italy; Spain; Switzerland; Russia; Rest of Europe; China; Japan; South Korea; India; Rest of APAC Brazil; Rest of LATAM; Saudi Arabia; UAE; South Africa; Turkey; Rest of MEA. |
| Key companies profiled | Hewlett Packard Enterprise Development LP., Dynatrace LLC., Broadcom, IBM Corporation, AppDynamics, Microsoft, Dell, Riverbed Technology, Splunk Inc., and New Relic, Inc. |
| Customization scope | 10 hours of free customization and expert consultation |
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Competitive Landscape
The global Application Performance Monitoring (APM) market is highly fragmented with a large number of key players accounting for majority revenue share in the market. Major players are focusing on research and development activities in order to leverage opportunities and increase revenue share in the market. Some major players in the market are:
- Hewlett Packard Enterprise Development LP
- Dynatrace LLC
- Broadcom
- IBM Corporation
- AppDynamics
- Microsoft
- Dell
- Riverbed Technology
- Splunk Inc
- New Relic, Inc.
Strategic Developments
In June 2021, Scout APM launched its error monitoring solution. It provides application performance and error insight and alerts through a single, and integrated dashboard.
In April 2021, Netreo acquired Stackify. This acquisition helped Netreo to enhance APM capabilities and supplement its full-stack IT monitoring and AIOps offerings.
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Some Key Findings From the Report:
- In April 2021, Netreo acquired Stackify. This acquisition helped Netreo to enhance APM capabilities and supplement its full-stack IT monitoring and AIOps offerings.
- IT and telecommunications segment accounted for largest revenue share in the global market in 2020. This can be attributed to rapid developments in IT sectors and increasing need to monitor application performance.
- North America accounted for a 32.7% revenue share in the global market in 2020. Increasing investment in technological advancements and robust presence of key companies are some major factors driving revenue growth of the market in this region.
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For the purpose of this report, Emergen Research has segmented the global Application Performance Monitoring (APM) market based on component, development mode, application, end-use, and region:
- Component Outlook (Revenue, USD Million; 2019–2032)
- Software
- Services
- Deployment Mode Outlook (Revenue, USD Million; 2019–2032)$1$1$1
- On-premise
- Cloud
- Hybrid
- Application Outlook (Revenue: USD Million; 2019–2032)
- Synthetic Monitoring
- End-User Monitoring
- Mobile Monitoring
- Others
- End-Use Outlook (Revenue: USD Million; 2019–2032)
- BFSI
- Manufacturing
- E-commerce
- Healthcare
- IT and Telecommunications
- Retail
- Media and Entertainment
- Government
- Others
- Regional Outlook (Revenue: USD Million; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Spain
- Switzerland
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of MEA
- North America
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About Emergen Research
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