The application performance management market has grown from first-generation solutions used for monitoring static backend systems into next-generation solutions for monitoring dynamic customer apps.
Seattle, WA -- (SBWIRE) -- 03/30/2017 -- Application Performance Management (APM) helps drastically in enhancing the end user experience by maintaining and improving the quality of service. This can be achieved with the software systems that are deployed at the various levels of delivery chain. These software solutions are used to measure and increase the productivity of the work processes. Apart from automating the functions, APM helps in analyzing the vast amount of data on nearly real-time basis by comprehensively gaining data insights into customer preferences, thereby decreasing the response time to solve any issue faced by the end user.
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The major vendors of the global APM market are CA Technologies, IBM, HP, App Dynamics, Compuware, Microsoft, and many others. The major forces driving this market are the increasing complexities of business processes leading to complex application processes and the integration of big data analytics in the APM market.
Application Performance Management Market has been broadly segmented by region into: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA); by platform type into: software and services (deployment and integration, training and education, support and maintenance services); by deployment mode into: on-premises, cloud, and hybrid; by vertical into: BFSI, manufacturing, government, healthcare, retail, IT and telecom, logistics, media and entertainment, education, and others; by user type into: Small and Medium Businesses (SMBs), Medium Businesses (MBs/enterprises), and large enterprises; and by access type into: web, mobile APM.
The Application Performance Management Market is expected to grow from $2.72 billion in 2014 to $4.98 billion by 2019, at a CAGR of 12.86%. In terms of regions, NA is expected to be the biggest market in terms of market size, while APAC is expected to experience increased market traction, during the forecast period.
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