The Application Performance Monitoring Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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As per The Business Research Company’s Application Performance Monitoring Global Market Report 2024, the landscape of the application performance monitoring market has witnessed a significant surge in recent years. Projected to escalate from $8.56 billion in 2024 to $9.66 billion in the same year, it registers a noteworthy compound annual growth rate (CAGR) of 12.8%. This growth trajectory in the historical context stems from the escalating complexity of IT environments, the burgeoning demand for heightened user satisfaction, the surge in digital transformation endeavors, as well as the imperatives of risk mitigation and downtime prevention, all underscored by the escalating intricacies within applications.

Forecasts portend a continued rapid expansion in the application performance monitoring market in the upcoming years, poised to reach a valuation of $15.49 billion by 2028, with a CAGR of 12.5%. This surge in the projected period finds its roots in the burgeoning emphasis on cloud computing, the widespread adoption of microservices architecture, the pronounced focus on proactive performance management, alongside the dynamics of globalization and the proliferation of distributed workforces, all intertwined with the integration of DevOps practices. Noteworthy trends anticipated in the forecast period encompass the ascent of observability platforms, the integration of application security, the adoption of real-time analytics, the accentuation of business impact analysis, and the deepening collaboration with DevOps methodologies.

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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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

At the forefront of this dynamic landscape, prominent industry players are ardently pursuing innovation, leveraging cutting-edge solutions such as APM 360 to fortify their market positioning and bolster customer-centric offerings. A case in point is the introduction of APM 360 by New Relic Inc., a US-based stalwart in web tracking and analytics, in June 2024. Marked as a watershed moment in the evolution of application performance monitoring (APM), New Relic APM 360 transcends conventional incident troubleshooting paradigms, offering a holistic suite of performance, security, and developmental insights to all engineering stakeholders. By seamlessly aggregating critical telemetry data across the application stack and development lifecycle – encompassing deployment modifications, pivotal transactions, service-level objectives (SLOs), logs, infrastructure anomalies, security events, and debugging metrics – APM 360 engenders a shared understanding of system health, effectively bridging instrumentation gaps and fostering heightened platform adoption, thereby facilitating a robust flow of data within the ecosystem.

The application performance monitoring market report table of contents includes:
1. Executive Summary
2. Application Performance Monitoring Market Characteristics
3. Application Performance Monitoring Market Trends And Strategies
4. Application Performance Monitoring Market - Macro Economic Scenario
5. Global Application Performance Monitoring Market Size and Growth
.....

32. Global Application Performance Monitoring Market Competitive Benchmarking
33. Global Application Performance Monitoring Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Application Performance Monitoring Market
35. Application Performance Monitoring Market Future Outlook and Potential Analysis
36. Appendix

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