The global Application Performance Management Market size was estimated at USD 6.56 billion in 2023 and is anticipated to grow at a CAGR of 13.7% from 2024 to 2030. The market's growth is largely driven by the surge in remote work settings, which has heightened the need for seamless application performance across distributed environments. As organizations increasingly rely on digital platforms to support remote operations, ensuring optimal application functionality has become critical for maintaining productivity and user satisfaction.
Furthermore, the adoption of DevOps methodologies
has augmented the focus on application performance management (APM), as
development and IT operations teams seek to accelerate software delivery while minimizing downtime. This
shift toward continuous integration and continuous deployment mode (CI/CD) has
made APM tools indispensable for monitoring application health, troubleshooting
issues in real time, and ensuring the performance and reliability of critical
business applications, fueling the market's expansion.
The increasing adoption of digital technologies,
particularly mobile and cloud computing, is a key driver of the market's growth. As
businesses continue to shift towards mobile-first strategies and leverage
cloud-based infrastructure, ensuring optimal performance across these platforms
has become critical. As of 2024, according to BuildFire, a U.S.-based app
development platform, the Google Play Store offers 2.87 billion apps for
download. Mobile app usage is particularly high among millennials, with 21% of
them opening an app more than 50 times a day. Overall, 49% of users open apps
at least 11 times daily, while mobile apps account for 70% of all digital media
time in the U.S. On average, smartphone users engage with ten apps daily and
use around 30 different apps each month.
APM tools enable organizations to monitor and manage
the performance of applications running on diverse and distributed
environments, including mobile devices and cloud-based systems. With the rising
complexity of multi-cloud environments and the need for consistent performance
across mobile applications, APM solutions are becoming essential
for tracking and optimizing application health in real time. This growing
reliance on mobile and cloud technologies has heightened the demand for APM
tools as businesses strive to deliver uninterrupted, high-quality digital
experiences to their users, ultimately contributing to the market's expansion.
List
of Key Players in the Application Performance Management Market
- Akamai
Technologies
- AppDynamics
- Broadcom Inc.
- Datadog Inc.
- Dynatrace LLC
- IBM
- OpenText
Corporation
- Microsoft
- New Relic
Inc.
- Oracle
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summary: Application Performance Management Market Report
Application
Performance Management Market Report Highlights
·
The
software segment accounted for the largest market share of 66.5% in 2023 due to
the increasing complexity of modern IT infrastructures and the expanding use of
cloud-based applications.
·
The
cloud segment accounted for the largest market share of 52.6% in 2023. The
scalability and flexibility offered by cloud APM tools are significant growth
drivers in this segment.
·
The
large enterprises segment accounted for the largest market share, 59.5%, in
2023. As these organizations integrate more digital technologies, such as artificial intelligence (AI), big data, and Internet of Things (IoT)
systems, into their operations, the need for effective performance management
becomes even more critical.
·
The
web APM segment had the largest market share of 61.8% in 2023 due to the
widespread adoption of cloud computing and the proliferation of hybrid cloud
environments.
Antimicrobial
Medical Textiles Market Segmentation
Grand View
Research has segmented the global application performance management market
report based on platform type, deployment mode, enterprise size,
access type, and region:
- Platform
Type Outlook (Revenue, USD Billion, 2018 - 2030)
- Software
- Services
- Deployment
and Integration
- Training
and Education
- Support
and Maintenance
- Deployment
Mode Outlook (Revenue, USD Billion, 2018 - 2030)
- On-premise
- Cloud
- Hybrid
- Enterprise
Size Outlook (Revenue, USD Billion, 2018 - 2030)
- SMEs
- Large
Enterprises
- Access Type
Outlook (Revenue, USD Billion, 2018 - 2030)
- Web APM
- Mobile APM
- Application
Performance Management Regional Outlook (Revenue, USD Billion, 2018 -
2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- South
Korea
- Australia
- Latin America
- Brazil
- Middle East & Africa
- U.A.E
- Kingdom of
Saudi Arabia
- South
Africa
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