The Global Market for Application Performance Management (APM) Software is Projected to Reach US$5 Billion by 2020
Need to Monitor Performance of Complex,
Business-Critical Applications to Drive the Application Performance Management Market,
According to a New Report by Global
Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, market size
and demand forecasts on the global Application Performance Management (APM) market.
The
global market for Application Performance Management (APM) software is
projected to reach US$5 billion by 2020, driven by the growing need to
monitor performance of applications in complex software-defined enterprises.
Over the past decade,
applications have emerged as the lifeline of business operations, and evolved
to become the primary means of engagement with different stakeholders, namely
customers, channel partners, and supply chain players. With applications
directly impacting business processes, application-centric models are becoming
the norm for businesses and enterprises. Additionally, the evolving IT landscape
and the constantly changing business requirements are enhancing complexity of
various IT systems in organizations. Businesses are also being confronted by
the growing complexity of business processes, driving vendors to focus on the
development of applications for analyzing and resolving several of the complex
issues facing businesses worldwide. Delivery of digital services is also
becoming highly complex owing to the multiplicity of code platforms,
mobile-first strategy, hybrid cloud architectures, and faster release cadences.
Given the growing reliance on highly complex applications, brand image, loyalty
and more importantly revenues have come to rely extensively on the availability
and performance of applications. Since keeping track of developments occurring
within such complex environments is a massive operation, there is a need to
shift away from basic resource monitoring towards comprehensive APM
(application performance management).
The global APM market is
witnessing a phase of invigorated growth led by revolutionary developments,
specifically cloud and DevOps
technology, along with innovations in the areas of real-time monitoring and
analytics. Demand for APM software is driven primarily by the growing need to
gain better business visibility. Demand is growing for solutions that allow
enterprises to monitor various applications, in order to enhance customer
satisfaction and improve operational efficiency. In the coming years, APM
software market is forecast to grow at a rapid pace driven by the increasing
emphasis of app development and IT operations, as a means to rapidly deploy and
update critical applications. Demand will also benefit from the rising adoption
of devOps continuous delivery methodologies, which require both developers and
operations teams to share insights on various aspects including real-time
production load tests and evaluation of end-user experience for various
end-users, among others. Shifting trends in IT usage as seen by the rising
prominence of cloud and mobile platforms are also expected to drive demand for
APM capabilities in the coming years. Especially, the rising demand for APM-as-a-service
(APMaaS) presents considerable opportunities for growth in the market.
As stated by the new
market research report on Application
Performance Management (APM), the United States represents the
largest regional market worldwide. Asia-Pacific is poised to grow at the
fastest CAGR of 12% over the analysis period.
Major players covered in
the report include AppDynamics Inc., AppNeta, BMC Software Inc., CA
Technologies Inc., Dell Inc., Dynatrace LLC, Hewlett Packard Enterprise
Development Company, International Business Machines (IBM) Corporation, ManageEngine,
Microsoft Corporation, Nastel Technologies Inc., New Relic Inc., Oracle
Corporation, Riverbed Technology Inc., Splunk Inc., and SolarWinds Worldwide
LLC, among others.
The research report titled
“Application Performance Management (APM): A Global
Strategic Business Report” announced
by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers,
acquisitions and other strategic industry activities of global companies. The
report provides market estimates and projections for all major geographic
markets such as the US, Canada, Japan, Europe (France, Germany, UK and Rest of
Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East &
Africa and Latin America. Global market for APM software is analyzed by the
operating systems – Mainframe, Unix, Windows and Others.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All
Rights Reserved.
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