Application Performance Management Market:
Executive Summary
Global Application Performance Management Market is valued approximately USD 4.98 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.86% over the forecast period 2019-2026. APM or application performance management is a software used within an organization to handle or monitor the performance of code, application dependencies, transaction time and overall employee involvement within organization. It has wide range of application in end-use industries to monitor the performance and works within an organization. It is beneficial in improving internal efficiency & productivity of workforce in organization, offers lower operation cost, ensure compliances, and decrease downtime of employees in an organization. The global burden of COVID-19 is expected to propel the growth of application performance management software market as many organizations and economies are facing slowdown in their growth and productivity. Therefore, remarkable application of such software will help in increasing productivity, lowering operation cost and managing workforce accordingly to cope up with such adverse situations occurred due to COVID-19. The software collects large amount of data and analyze it efficiently automatically thereby, it is expected to grow over the forecast years due to the rapid growth in big data Application Performance Management and cloud computing globally. For instance: As per the study by Wikibon, the worldwide big data market revenue for software and service is projected to grow from USD 42 billion in 2018 to USD 103 billion till 2027. Also, as per leftronic.com, Cloud computing trends indicate that 69% of organizations will use multi-cloud environments in 2019. Thus, rapid growth in adoption of big data Application Performance Management and cloud computing within an organization and commendable application of application performance management software is driving the growth of market over the forthcoming period. However, the high costs for installation and maintenance of the devices are restraining factors for the growth of the market
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The regional analysis of global Application Performance Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid growth advance technologies such as big data Application Performance Management and cloud computing in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as globalization of business and proliferation of mobile computing in the region would create lucrative growth prospects for the Application Performance Management market across Asia-Pacific region.
Major market player included in this report are:
International Business Machines (IBM)
Hewlett-Packard (HP)
Compuware Corporation
CA Technologies
Dell Software
BMC Software
AppDynamics
Microsoft Corporation
Riverbed Technology
New Relic
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Platform Type:
Software
Service
By Deployment Type:
On-premises
Cloud
Hybrid
By User Type:
Small and Medium Businesses
Large Enterprises
By Access Type:
Web APM
Mobile APM
By Vertical:
BFSI
Manufacturing
Government
Healthcare
Retail
Others
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Application Performance Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Continuous…
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