Worldwide Synthetic Monitoring Industry to 2027 - Featuring BMC Software, Broadcom and Cisco Systems Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Synthetic Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global synthetic monitoring market reached a value of US$ 960.7 Million in 2021. Looking forward, the publisher expects the market to reach a value of US$ 2,292.70 Million by 2027 exhibiting a CAGR of 14.50% during 2022-2027.

Companies Mentioned

• BMC Software Inc.
• Broadcom Inc.
• Catchpoint Systems Inc.
• Cisco Systems Inc.
• Dell Technologies Inc.
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation
• Micro Focus International plc
• Microsoft Corporation
• New Relic Inc.
• Riverbed Technology Inc.
• Splunk Inc.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Synthetic monitoring helps evaluate performance of an application using scripted recordings of a series of requests and emulating them to simulate a user's interactions with websites or applications. It involves running constant tests to provide in-depth insights into business transactions, application availability and website speed.

It can automatically keep tabs on application uptime and monitor application programming interface (APIs) and applications at any frequency and location. As a result, organizations worldwide are adopting synthetic monitoring into their core business processes to help understand customer experience and improve website performance using predictive behavior.

Technical issues like poor coding, incompatible browser, and delays in loading are usually faced by customers during online website browsing. As these issues can damage brand reputation and impact sales, the increasing use of online shopping applications among the masses represents one of the key factors impelling the market growth. Synthetic monitoring assists enterprises in simulating real user interactions, providing 247 alerts about website glitches, and detecting specific elements, such as uniform resource locator (URL) redirects and status codes.

Apart from this, as traditional information technology (IT) monitoring tools fail in supporting the current complex infrastructure requirements of businesses, there is a rise in the need for synthetic monitoring solutions across the globe. This can also be accredited to the rapid digitization of business processes using the cloud on account of the economic and business challenges posed by the coronavirus disease (COVID-19) outbreak. Furthermore, the growing reliance on online banking apps is driving the usage of synthetic monitoring solutions in the banking, financial services, and insurance (BFSI) sector to counter challenges, such as net banking outages.

Key Questions Answered in this Report:

• How has the global synthetic monitoring market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global synthetic monitoring market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the services?
• What is the breakup of the market based on the deployment mode?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the vertical?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global synthetic monitoring market and who are the key players?
• What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Synthetic Monitoring Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Type

7 Market Breakup by Services

8 Market Breakup by Deployment Mode

9 Market Breakup by Application

10 Market Breakup by Vertical

11 Market Breakup by Region

12 SWOT Analysis

13 Value Chain Analysis

14 Porters Five Forces Analysis

15 Price Analysis

16 Competitive Landscape

16.1 Market Structure

16.2 Key Players

16.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/ms5bbx