Synthetic Monitoring Market: By Monitoring Type (Web Application Monitoring, Mobile Application Monitoring, API Monitoring, software as a service (SaaS) Application Monitoring), By Services (Managed Services, Consulting Services, Implementation Services, Training and Support Services), By Deployment (On-Premise, On-Cloud) By Application (competitive Benchmarking, Service-Level Agreements Monitoring (SLA Monitoring) Application Testing, Content Delivery Network Testing (CDN Testing)) By Vertical (BFSI, Government, IT & Telecommunication, Healthcare, Retail, Automotive, others) and By Region (North America, Europe, Asia Pacific, Rest of the World) – Global Forecast 2027
|ID: VPR/ICT/1085||Publishing Year: January 2022||Pages: 118||Format:|
Synthetic Monitoring Market Overview:
The major goal of this study is to define, describe, and predict the Global Synthetic Monitoring Market based on various components, such as monitoring types and associated services, such as business consulting services, implementation services, and training and support services. It is also divided into deployment types, organisation sizes, verticals, and geographic locations. The research goes into great detail on the primary variables impacting the market's growth (drivers, restraints, opportunities, and industry-specific challenges). The study makes an attempt to anticipate market size in five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. The paper highlights important actors in a strategic way and examines their primary strengths in depth. This research also monitors and analyses competitive changes in the market, such as joint ventures, mergers and acquisitions (M&A), new product innovations, and R&D activities.
The research methodology used to estimate and forecast the market starts with secondary research such as annual reports and press releases, company investor presentations, conferences and associations such as Monitorama, an open source monitoring conference, Mobile World Congress, and the International Conference on Performance Engineering. To determine market segmentation, the vendor offerings were also taken into account. From the revenue of the key Synthetic Monitoring Service providers and monitoring-as-a-service providers in the industry, the overall market size of the global synthetic monitoring market was calculated using the bottom-up technique.
The Key Players Operating in the Global Synthetic Monitoring Market are Hewlett Packard Enterprise Company, New Relic Inc., Broadcom Inc., AppDynamics, IBM Corporation, BMC Software, SplunkInc, Riverbed technology, Dell technologies Inc., Microsoft Corporation, and Intel Corporation.
Businesses all over the world are increasingly turning to digital and technical solutions to modify their business models and existing processes in order to improve operational efficiency and boost revenue with limited resources. Smart workplaces have emerged in recent years as a result of the expansion of smart and connected gadgets, cloud computing use, and the rise of technologies such as artificial intelligence (AI). Because of the widespread use of web applications, mobile applications, and SaaS solutions in businesses, the demand for application performance monitoring tools for synthetic and real-time monitoring is increasing at a rapid pace. Synthetic Monitoring Solutions are being used by businesses in a variety of industries, including IT & telecom, government, education, BFSI, retail, healthcare, and manufacturing, to simplify business applications/systems and give a better customer experience. Furthermore, the increased demand for end-to-end business process optimization, improved operational efficiency, efficient IT issue identification, and fewer human errors is driving the adoption of enhanced mobile/web application performance checks and early detection of any inconsistencies. Synthetic Monitoring Solutions also allow for backend issue detection and resolution, performance benchmarking, complicated transaction monitoring, adherence to service level agreements, and end-user testing, all of which contribute to the Worldwide Synthetic Monitoring Market's Growth.
Services, monitoring type, deployment, application, and vertical are all used to segment the Synthetic Monitoring Market. The growth of segments allows you to analyse specific pockets of growth and market approaches, as well as establish your main application areas and target market differences.
The Synthetic Monitoring Market is divided into managed services, business consulting services, installation services, training, and support services, based on the services provided.
Web application monitoring, mobile application monitoring, API monitoring, software as a service (SaaS), and application monitoring are the several types of monitoring in the Synthetic Monitoring Market.
The Synthetic Monitoring Industry is divided into two categories based on deployment: on-premises and on-cloud.
Geographically, the Synthetic Monitoring Market can be divided into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. North America leads the Synthetic Monitoring System Market in terms of revenue, and it is projected to continue to do so in the coming years. The surge in acceptance of emerging technologies such as cloud computing and DevOps, BYOD (bring your own device), and software as a service (SaaS) based applications is attributed to the rising demand for synthetic monitoring systems in North America. As a result, Synthetic Monitoring Systems with cutting-edge capabilities such as real-time analysis, log management, and advanced analytics are in high demand. Over the next few years, Asia Pacific is expected to develop at the fastest rate. In terms of revenue, Europe came in second to North America in the Synthetic Monitoring Market.
According to the World Health Organization's (WHO) most recent report, the United States has been hit the worst by the COVID-19 outbreak in terms of confirmed cases and reported deaths. The outbreak was first detected in December 2019 in Wuhan, China. Major corporations around the world, on the other hand, are embracing remote working to continue their everyday operations and critical business tasks. To maintain data security and provide a superior user experience, these businesses require safe and high-performance applications. As a result, businesses are increasingly looking for application performance monitoring solutions, such as Synthetic Monitoring.
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