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 en...