The digital revolution has led to the emergence of various IT related software and other technologies which are designed to ensure workplace efficiency. Application performance management (APM) is significant in its role of managing performance, usability and other aspects of software application management. In a recent research report published by Market Research Future (MRFR), the global APM market has been analyzed, and several astute projections have been made. The market is expected to witness sizable growth over the forecast period of 2017 to 2023.
APM is used extensively across various industry verticals, and its various features act as drivers for market growth. Application Performance Management Market monitors the performance of software applications and offers feedback regarding the user experience and the speed of the software application. In the healthcare sector, this is significant as poor application performance translates to poor patient care. Adoption of IT services has grown significantly, particularly in the healthcare sector. The growth of cloud computing, SaaS, and availability of complex applications have increased the demand for APM solutions for the monitoring and management of performance of software applications.
Increasing complexity of software applications being adopted has encouraged market players to invest in the development of new solutions and enhancing monitoring capabilities to remain on top of management of organizational efficiency via software applications. The emergence of cloud computing has led to a developmental focus on APM solutions. This is expected to produce various market opportunities in the coming years.
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Major Key Players:
Eminent key players that have been recorded in MRFR’s comprehensive report include Compuware Corporation, Microsoft Corporation, IBM Corporation, Hewlett Packard, AppDynamics, Oracle Corporation, and CA Technologies among others. These players employ various market strategies with R&D activities, product innovation and acquisitions being some of the leading strategies.
Market Research Future has performed a detailed segmental evaluation which has been done on the basis of platform, deployment, organization size, access type, vertical, and region. By platform, the market is segmented into service and software. The service segment is further classified into deployment & integration, training & education and support & maintenance.
- By deployment, the market is divided into on-cloud, on-premise and hybrid.
- By organization size, the market is segmented into small & medium enterprises, and large enterprises.
- Based on access type, the market is segmented into mobile APM and web APM.
- By verticals, the market is segmented into manufacturing, BFSI, government, healthcare, retail, logistics, and others.
- The global market for APM has been divided to include North America, Europe, Asia-Pacific and the Rest of the World.
The Asia-Pacific is anticipated to experience notable growth during the forecast period due to the growing recognition of the importance of APM in maintaining reliability and high-performance in software applications crucial to business organizations. Countries such as Japan and Singapore are key markets, and high momentum of growth is being experienced in China, India, and South Korea. The rapidly growing IT sector in the country and the growth of various industry verticals where APM is extensively implemented is expected to be key in the future growth of the regional market.
Meanwhile, North America dominates the global application performance management market with the largest share due to the presence of several market-leading players in the region. Moreover, these players are involved in R&D activities which have and are expected to provide growth opportunities for the global market.
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Latest Industry News:
New Relic APM has added distributed tracing to its product offering in an effort to make the tracing of failure points more manageable and easy particularly in complex computing architectures in large enterprises. Additionally, the company has announced that customers with New Relic APM Pro subscriptions can avail the new feature by making the relevant updates at no extra cost.
Instana, a leading APM provider has announced the public Beta of its new .NET Core Distributed Tracing and Automatic Performance Monitoring. This APM instrument is aimed at automating the monitoring and management process.
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