Application Performance Monitoring Software Market Is Expected To Reach $13.31 Billion By 2030


 San Francisco, 4 Oct 2024: The Report Application Performance Monitoring Software Market Size, Share, & Trends Analysis Report By Type, By Deployment, By Access Type (Web APM, Mobile APM), By Enterprise Size, By End Use, And Segment Forecasts, 2024 - 2030

The global application performance monitoring software market size is expected to reach USD 13.31 billion in 2030 and is anticipated to grow at a CAGR of 14.3% from 2024 to 2030. The market is experiencing significant growth due to several key factors. The increasing adoption of cloud computing has amplified the need for robust monitoring tools to manage the complexities of cloud-native architectures. As organizations undergo digital transformation, application performance monitoring (APM) tools become essential for ensuring seamless user experiences and operational efficiency. The rise of mobile applications and the need for consistent performance across diverse platforms further drive demand.

In addition, businesses emphasize real-time monitoring and customer experience, making APM solutions critical for quickly detecting and resolving performance issues. The growing complexity of IT infrastructures and compliance and regulatory requirements also necessitate advanced APM capabilities, positioning the market for continued expansion. The increasing adoption of cloud computing is a significant driver of the market. Organizations migrating to cloud-based environments encounter more complex and dynamic infrastructures, including multi-cloud and hybrid cloud deployments, microservices, and containerized applications. These advancements necessitate sophisticated APM tools that provide comprehensive visibility and control across distributed systems. Cloud environments demand real-time monitoring and proactive management to ensure optimal application performance, reliability, and security. Consequently, the need for APM solutions that can seamlessly integrate with cloud-native architectures and deliver actionable insights has become paramount, fueling the growth of the APM software market.

Access Research Report of Application Performance Monitoring Software Market @ https://www.grandviewresearch.com/industry-analysis/application-performance-monitoring-software-market-report

The rise of mobile applications and the need for consistent performance across diverse platforms are key factors driving the APM software market growth. As businesses increasingly rely on mobile apps to engage customers and deliver services, ensuring a seamless and responsive user experience across various devices and operating systems becomes crucial. The diversity in hardware, software environments, and network conditions introduces significant challenges in maintaining consistent performance. APM tools are essential in this context, providing real-time monitoring, diagnostics, and optimization capabilities that help organizations identify and resolve performance issues specific to mobile platforms. This growing reliance on mobile applications, combined with the need for high performance across all user touchpoints, is fueling the demand for advanced APM solutions to address the unique complexities of mobile ecosystems.

Recent Developments

  • In June 2023, New Relic, a comprehensive observability platform catering to all engineering roles, introduced New Relic APM 360. This latest advancement in application performance monitoring (APM) represents a significant evolution, extending beyond traditional incident troubleshooting insights aimed at specialized experts to offer daily performance, security, and development insights accessible to all engineers. APM 360 integrates and correlates crucial telemetry data across the entire application stack and development lifecycle, encompassing elements such as deployment changes, key transactions, service-level objectives (SLOs), infrastructure, logs, errors, debugging, and security, among others.

  • In June 2024, Datadog, Inc.,the security and monitoring platform for cloud applications, announced enhancements to its security product portfolio, including the introduction of Agentless Scanning, Code Security, and Data Security. These new features are designed to facilitate DevOps and security teams in effectively securing their code, cloud environments, and production applications.

Key Application Performance Monitoring Software Company Insights

Key players are focusing on various strategic initiatives, including new product development, partnerships & collaborations, and agreements to gain a competitive advantage over their rivals.

Key Application Performance Monitoring Software Companies:

The following are the leading companies in the application performance monitoring software market. These companies collectively hold the largest market share and dictate industry trends.

  • Amazon Web Services, Inc.
  • AppDynamics
  • BMC Software
  • Broadcom
  • Datadog
  • Dynatrace LLC.
  • Google Cloud
  • IBM
  • Micro Focus
  • Microsoft
  • New Relic, Inc.
  • Oracle
  • Riverbed Technology
  • SolarWinds
  • Splunk

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

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