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Application Metrics and Monitoring Tools Market Analysis by Component (Deployment Model Monitoring, Reporting & Application Data Analytics and Others); by Form {Software, Service (Integration Service, Maintenance & Support and Others)}; by Deployment Model (On Premises, Cloud and Hybrid); and by Verticals (BFSI, Public Sector, Healthcare Sector, Manufacturing Sector, Retail Sector and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • BMC, the delivery of the industry-standard DORA (DevOps Research and Assessment) metrics KPI Dashboard within the BMC Compuware zAdviser solution has been announced by BMC. It will provide insights designed to improve mainframe development and consequently improve team performance and efficiency.
  • Cisco, AppDynamics Cloud has been launched by Cisco. It enables delivery of exceptional digital experiences and leverages cloud-native observability to remediate application performance issues with business context and insights-driven actions.

Market Definition

Modern enterprises are critically dependent on software applications for driving their digital businesses and delivering software-as-a-service (SaaS) or application-as-a-service. To improve the overall health of the running applications, there is a need to have monitoring capabilities and real-time root cause analytics in place. Performance Management tools help gauge performance and flag problems like latency, failures, and code deployment bugs in order to help teams better understand a potential issue or outage and enable them to understand the root cause of the potential application failure or latency. Metrics captured over a period of time, for the purposes of detecting performance anomalies and forecasting are called application time-series metrics.

Global Application Metrics and Monitoring Tools Market Size, Forecast, and Trends Highlights Over 2022 - 2031

Application-Metrics-and-Monitoring-Tools-Market-Scope

The global application metrics and monitoring tools market is estimated to garner a moderate revenue by the end of 2031 by growing at a CAGR of ~12% over the forecast period, i.e., 2022 – 2031. Further, the market generated a modest revenue in the year 2021. The market is estimated to grow on the back of increasing number of small and medium business organizations globally. According to statistics, in 2021, there were about 32 million small businesses, representing about 99% businesses in the United States. Moreover, the growing demand for applications performance monitoring tools among business organizations is also expected to drive the market growth.

Application-Metrics-and-Monitoring-Tools-Market

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The global application metrics and monitoring tools market is also estimated to witness growth on account of increasing monetary transaction in BFSI sector along with growing demand for real time monitoring. In addition, increasing growth of banking industry is also estimated to propel the market growth. According to statistics, in the period 2018-21, in India, the total assets in the banking industry (including all public and private sector banks) reached ~USD 2.3 trillion in 2021, further this figure is estimated to cross ~USD 26 trillion by the end of 2025.  Moreover, various features provided by these tools including assistance in mapping and classifying each application and sending alerts for threats are anticipated to increase the sales and demand for application metrics and monitoring tools in the market.

Global Application Metrics and Monitoring Tools Market: Growth Drivers and Challenges

Growth Drivers

  •  Increased Research & Development Expenditure – As per data by the World Bank, global research and development (R&D) expenditure in proportion with gross domestic product (GDP) was around 2.63% in 2020, up from 2.2% in 2018.  The market growth is anticipated to be driven by increased R&D expenditure in the coming years, as it will help in improving the overall productivity of the tool by integrating new technologies or improving the existing equipment by innovating a completely new technology.
  • Growing Digitization of Industries – According to statistics, the global spending on digital transformation in 2020 was around ~USD 1.2 trillion, which is projected to reach ~USD 2.7 trillion by the end of 2025.
  • Increasing Number of Large EnterprisesAccording to estimates, in 2019 there were about 665 thousand large enterprises around the world.
  • Rising Internet PenetrationAccording to the World Bank data, globally, the proportion of the population using internet was around 60% in 2020, up from 54% in 2019.
  • Rising Adoption of Big Data and Artificial IntelligenceAs per the data, in 2019, more than 95% of business organizations invested in Big Data and Artificial Intelligence initiatives to become data driven businesses.

Challenges

  • High Cost of Implementation
  • Lack of Awareness about the Benefits of Product in the Industry
  • Availability of Alternate Cost-effective Solutions

The global application metrics and monitoring tools market is segmented and analyzed for demand and supply by deployment model into on premises, cloud and hybrid. Out of these, the cloud segment is projected to garner the largest market share by the end of 2031, backed by rising adoption of cloud-based services among business organizations. According to statistics, in 2019 around 88% of business organizations were using cloud-based services. Moreover, the increasing growth of the cloud industry coupled with the many benefits that cloud services offer, is also expected to fuel the growth of this segment in the years to come.

Major Macro-Economic Indicators Impacting the Market Growth

Major-Macro-Economic-Indicators-Impacting-the-Market-Growth

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Application Metrics and Monitoring Tools Market Regional Synopsis

Regionally, the global application metrics and monitoring tools market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projected to hold the largest market share by the end of 2031. This can be accredited to the increasing penetration of digital business and rising demand for end user & client engagement system. Moreover, increasing number of IT companies in the region is also estimated to drive the growth of market in the region. According to estimates, in 2022, there are approximately 580,000 technology companies in the United States.

Further, the market in Asia Pacific is estimated to garner significant growth during the forecast period, owing to the increasing growth of IT and telecommunication industry. According to statistics, by the end of 2025, the Indian software product industry is estimated to reach ~USD 95 billion. In addition, the IT industry in India contributed about 7% to the national GDP in 2020, which is projected to grow to 9% by 2025. Moreover, rising demand for consumer satisfaction and expanding manufacturing industry is expected to propel the growth of the global application metrics and monitoring tools market in the region during the forecast period.

Application-Metrics-and-Monitoring-Tools-Market-Growth

The global application metrics and monitoring tools market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global application metrics and monitoring tools market includes the following segments:

By Component

  • Deployment Model Monitoring
  • Application Runtime Architecture Discovery and Modelling
  • User-Defined Transaction
  • Application Component Monitoring
  • Reporting & Application Data Analytics

By Form

  • Software
  • Service
  • Integration Service
  • Deployment Service
  • Training & Education
  • Maintenance & Support

By Deployment Model

  • On Premises
  • Cloud
  • Hybrid

By Verticals

  • BFSI
  • Public Sector
  • Healthcare Sector
  • Manufacturing Sector
  • Transportation & Logistics Sector
  • Retail Sector
  • IT & Telecommunication Sector
  • Media & Entertainment Sector
  • Others
 

Top Featured Companies Dominating the Global Application Metrics and Monitoring Tools Market

  • International Business Machines (IBM) Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Microsoft
  • Hewlett-Packard
  • New Relic
  • CA Technologies
  • Compuware Corporation
  • Dell Inc.
  • AppDynamics Inc.
  • Riverbed Technology Inc.
  • Cisco (AppDynamics)
  • BMC

 

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