Cloud Computing and Microservices Architecture Leading Application Performance Monitoring (APM) Global Market to Reach US$21 Billion by 2030
Industry Experts, Inc. introduced the new market research report on Application Performance Monitoring. This report reveals that the global Application Performance Monitoring (APM) is estimated at US$9.5 billion in 2024 and is likely to register a 2024-2030 CAGR of 13.8% in reaching a projected US$20.6 billion by 2030. With an estimated 2004 share of 30.2%, North America leads the global market for Application Performance Monitoring. The region’s, especially the United States', highly developed IT ecosystem fosters widespread adoption of cloud computing, IoT and AI-driven technologies, all of which need robust APM tools for ensuring application efficiency.
Several evolving trends are shaping the dynamic market for Application Performance Monitoring, one of which is cloud-native APM. A growth in the adoption of cloud computing and microservices architectures has increased demand for APM solutions that have been especially designed for these dynamic and distributed environments. These solutions offer scalability, flexibility and seamless integration with cloud platforms, such as AWS, Azure and Google Cloud. APM tools are being integrated with artificial intelligence (AI) and machine learning (ML) for automating tasks, such as anomaly detection, root cause analysis, predictive analytics and intelligent alerting, thereby allowing IT teams to proactively identify and resolve issues faster by minimizing manual intervention.
The global market for Application Performance Monitoring has been segmented into Software and Services, of which the former holds the dominant share estimated at 70.1% in 2024. Being the foundational technology, APM software helps organizations in monitoring, analyzing and optimizing application performance. The most important functions covered by these tools include real-time monitoring, diagnostics, dependency mapping and analytics, which makes it a key component of APM deployments.
This report studies the Application Performance Monitoring (APM) market across all major regions including North America (The United States, Canada and Mexico), Europe (Germany, the United Kingdom, France, Italy, the Netherlands, Spain, Russia, Switzerland and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Singapore, South Korea and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile, Peru and Rest of South America) and Middle East & Africa (The United Arab Emirates, South Africa, Egypt, Saudi Arabia, Morocco, Kuwait, Qatar and Rest of Middle East & Africa).
The study analyzes the Application Performance Monitoring (APM) based on Component – Software and Services; Deployment – On-Premises and Cloud; Company Type – Large Enterprises and Small & Medium-Sized Enterprises (SMEs); Access Type – Web APM and Mobile APM; and Industry Sector – IT & Communication, BFSI, Healthcare & Life Sciences, Media & Entertainment, Retail & Ecommerce, Energy & Utilities, Manufacturing, Education, Government, Transportation, Construction, Tourism & Hospitality and Others.
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