PUBLISHER: Grand View Research | PRODUCT CODE: 1493451
PUBLISHER: Grand View Research | PRODUCT CODE: 1493451
The global application performance monitoring market size is anticipated to reach USD 19.62 billion by 2030 and is projected to grow at a CAGR of 15.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing need for proactive monitoring and rising emphasis on user experience are driving the demand for APM.
The COVID-19 pandemic had a significant impact on the global market. With the sudden shift to remote work and increased reliance on digital services, the demand for APM solutions surged as businesses needed to ensure the performance and availability of their applications to support remote operations. Organizations faced challenges in maintaining optimal application performance due to increased traffic, changing user behavior, and the need to quickly identify and resolve performance issues remotely. This led to a greater emphasis on APM tools that could provide real-time monitoring, diagnostics, and insights into application performance.
The proliferation of mobile devices and the rise of the Internet of Things (IoT) have also contributed to the market growth. With more and more devices connected to the internet, the complexity of application performance monitoring has increased significantly. APM solutions help businesses keep track of performance across different platforms, devices, and networks, ensuring that customers have a seamless and consistent experience.
The market is driven by the growing adoption of cloud-based applications as companies seek flexible and scalable monitoring capabilities to support their distributed workforce. Cloud-based APM solutions provide businesses with real-time visibility into the performance of their applications, enabling them to identify and resolve any performance issues quickly.