Global Application Performance Management Market (2021 to 2026) – by Deployment Model, Access Type, Industry Vertical and Geography – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Application Performance Management Market – Forecasts from 2021 to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global application performance management market is expected to grow at a compound annual growth rate of 18.05% over the forecast period to reach a market size of US$18.307 billion in 2026 from US$5.729 billion in 2019.
Companies Mentioned
- International Business Machines (IBM)
- Dynatrace
- Dell
- AppDynamics (Cisco Systems Inc.)
- Riverbed Technology
- New Relic
- Microsoft Corporation
- Splunk
- Broadcom
- Micro Focus
Application performance management software is a combination of enterprise performance management (EPM) and corporate performance management (CPM). It helps an organization in its planning, budgeting, modelling, and forecasting activities through dashboard displays of enterprise performance data and real-time predictive analytics. Application performance management software monitors and manages the organizational performance by analyzing key performance indicators such that individual and project performances can be improved in relation to organizational goals and strategies. This helps in increasing organizational profitability through effective strategizing and planning. Additionally, it gives an organization a competitive edge through forecasting, and internal and external insights. The growing need to track and analyze organizational performance, especially with huge data generated due to rising digitization among companies, has been driving the need for application performance management software globally.
The increasing amount of data generated and recorded by organizations can be analyzed to track and scrutinize performance at all levels of the enterprise. With growing competition, there is an immediate need to gain a competitive and strategic edge over competitors. Through application performance management software, businesses gain the insights needed for quick-decision-making and strategic advantages, which is an add-on feature in such software. Additionally, growing volumes of business and customer data generated by organizations find application in this software, thus emphasizing the need for application performance management software.
Furthermore, this software satiates the needs of a business for a holistic process that links key performance metrics with organizational goals such that they are aligned to the objective of maximizing profitability. This is further bolstering the demand for application performance management software globally. Additionally, the ease of accessibility offered through cloud-based systems is also fueling growth of the application performance management software market. However, operating the software requires adequate training. Further, adopting a consistent and effective application performance management software is a huge concern for organizations. Such challenges in the adoption of this software are obstructing the growth of the application performance management software market. Nevertheless, customization in this software is expected to present potential growth opportunities during the forecast period.
Impact of COVID – 19.
The COVID – 19 pandemic is expected to have a positive effect on the growth of the Application Performance Management market as due to the pandemic every industry moved online, from the exponential rise of e-commerce to management of healthcare data from anywhere, anytime. Thus, with an increased number of industries using data and other digital technologies to streamline processes and provide enhanced customer experience, the need for application performance management software is expected to grow significantly due to the pandemic.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Application Performance Management Market Analysis, By Deployment Model
5.1. Introduction
5.2. On-Premise
5.3. Hybrid
5.4. Cloud
6. Global Application Performance Management Market Analysis, By Access Type
6.1. Introduction
6.2. Mobile APM
6.3. Web APM
7. Global Application Performance Management Market Analysis, By Industry Vertical
7.1. Introduction
7.2. BFSI
7.3. Government
7.4. Retail
7.5. Travel and Transport/Logistics
7.6. Healthcare
7.7. Communication and Technology
7.8. Others
8. Global Application Performance Management Market Analysis, By Geography
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/jsul00
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