DUBLIN--(BUSINESS WIRE)--The "Application Performance Management (APM) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Application Performance Management (APM) Market to Reach $12 Billion by 2026
The global market for Application Performance Management (APM) estimated at US$6.3 Billion in the year 2020, is projected to reach a revised size of US$12 Billion by 2026, growing at a CAGR of 11.4% over the analysis period.
Growth in the global market is witnessing a phase of reinvigorated growth owing to revolutionary developments, specifically cloud and DevOps technology, along with innovations in the areas of real-time monitoring and analytics. APM technology is diversifying into a much broader market, encompassing application-centric performance monitoring and management solutions.
The broader APM now extends across IT tiers including physical and virtual infrastructure (server & OS), network infrastructure, databases and storage, integration into IT service delivery, and end-user experience with edge devices, with all of these tiers crisscrossing conventional data centers, SaaS providers and cloud environments (public, private & hybrid).
Software, one of the segments analyzed in the report, is projected to grow at a 10.5% CAGR to reach US$8 Billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 12.9% CAGR for the next 7-year period. This segment currently accounts for a 36.3% share of the global Application Performance Management (APM) market.
APM software forms part of ITOM, referring to software tools that are used for monitoring and diagnosis of problems related to custom, packaged and other applications; performing root cause analysis; carrying out routine administration of applications; analyzing and improving performance of applications; and analyzing information about application usage.
The U.S. Market is Estimated at $2.7 Billion in 2021, While China is Forecast to Reach $1.2 Billion by 2026
The Application Performance Management (APM) market in the U.S. is estimated at US$2.7 Billion in the year 2021. The country currently accounts for a 38.94% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$1.2 Billion in the year 2026 trailing a CAGR of 15.1% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.6% and 10.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR while Rest of European market (as defined in the study) will reach US$1.4 Billion by the end of the analysis period.
North America leads in terms of the adoption of APM in business environments. The region`s dominance is due largely to the growing demand for APM solutions targeted at cloud-based applications and mobile applications. Also sustained use of APM software among leading Fortune 500 organizations based in the US is contributing to the region`s large share in global APM software spending.
The Asia-Pacific market continues to make strong gains driven by the increasing realization among enterprises about the importance of reliable and high-performance applications in business environment. We bring years of research experience to this 16th edition of our report. The 262-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- COVID-19 Accelerates Demand for Cloud-based Offerings
- An Introduction to Application Performance Management (APM)
- The APM Conceptual Framework
- End-User Experience
- Runtime Application Architecture
- Business Transaction
- Deep Dive Component Monitoring (DDCM)
- Analytics/Reporting
- Tools Supporting APM
- APM Software
- APM: Ensuring Availability & Performance of Applications
- Key Growth Drivers
- Growing Complexity of IT & Applications Makes APM Imperative
- Growing Need to Continuously Monitor & Manage Application Performance Augurs Well for APM Software Market
- Developing Regions to Drive APM Software Adoption
- Competitive Scenario
- Evolving APM Market Presents Opportunities for Vendors
- Established Players Face Heat from New Vendors
- Vendors Focus on Ease-of-Use Features & New Delivery Models
- Vendors Emphasize on Providing Support for New Application Environments
- Lack of Differentiation to Foster Consolidation of APM Vendors
- Select Top APM Software and Tools in the Market
- Recent Market Activity
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS (Total 204 Featured)
- Akamai Technologies, Inc.
- AppDynamics, Inc.
- Broadcom Inc.
- Datadog, Inc.
- Dynatrace, Inc.
- IBM Corporation
- Micro Focus International plc
- Microsoft Corporation
- New Relic, Inc.
- Oracle Corporation
- Splunk Inc.
3. MARKET TRENDS & DRIVERS
- Growing Opportunities for APM in Diverse Domains
- Emphasis on Digital Transformation Augurs Well
- Digital Businesses & Application-Related Issues Raise Significance of APM
- Application-Centric Business Activities Drive Focus onto APM
- Increasing Number of Applications Necessitate Implementation of Effective APM Platforms
- Focus on 'Doing More with Less' Puts APM in Spotlight
- Globalization of Businesses & Consumerization of IT Bode Well for APM Market
- Enhanced User Experience: Major Focus Area of APM
- Real-User Monitoring Vs Synthetic Monitoring
- Hybrid Cloud Model Drives the Need for Next Generation APM Tools
- Mobility Trend Fosters Investments into APM Market
- APM Vendors to Address the Critical Need for Mobile App Monitoring
- Shadow IT Necessitates Use of APM Tools
- Customer-Centric Businesses Shift Focus onto APM
- Proactive APM Tools Essential for the Agile DevOps Frameworks
- IoT Elevates the Significance of APM
- Big Data Analytics & APM: Providing Real-time Insights about App Performance
- Big Data Analytics Enable Decision Making
- Big Data-Driven Anomaly Detection to Enhance Effectiveness of APM Tools
- Virtualized & Highly Dynamic IT Environment in Businesses Necessitates APM Strategy
- APM Becoming Vital for Application Services of Virtual Network Architectures
- Rising Significance of Cloud-based APM Tools
- Shifting of Load Testing to Cloud
- The AI Edge to APMs
- The Emergence of AIOps
- APMaaS: An Ideal Business Model for Resource Constrained Organizations
- SMBs Leverage APM SaaS to Enhance Competitiveness
- Log Management: A High Growth Area for APM Market
- Application Design: Significant Influence on Application Performance
- Inadequate Application Testing Turns Focus onto APM
- Application Dependencies on Underlying Infrastructure & Components Affects App Performance
- Integration of APM across Applications Presents Opportunities
- Deep-Dive Visibility: Essential for Improving Transaction Visibility
- APM Tools Enable Collaborative Management
- Different APM Tools for Different Teams
- APM Vital for Monitoring of Web Application Performance
- Transaction Tracing: Vital But on its own Inadequate for Effective APM
- APM Enabling BSM to Align IT with Business
- Regulatory Compliance: A Key Benefit of Using APM Tools
- Large Enterprises & MNCs Drive Revenue Growth
- APM Assumes Critical Importance in Data Centers
- Rising Prominence of Hybrid IT Necessitates New APM Solutions
- Technology Advancements & Innovations
- Issues & Challenges
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/lpf6gy
