PUBLISHER: Grand View Research | PRODUCT CODE: 1574926
PUBLISHER: Grand View Research | PRODUCT CODE: 1574926
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.
Global Application Performance Management Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global application performance management market report based on platform type, deployment mode, enterprise size, access type, and region.