Application Performance Management Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Deployment Model (On-Premise, Hybrid, Cloud), By Access Type (Mobile APM, Web APM), By Industry Vertical (BFSI, Government, Retail, Travel And Transport/Logistics, Healthcare, Communication And Technology, Others), And By Geography - Forecasts From 2021 To 2026

The global application performance management market is expected to grow at a compound annual growth rate of 18.05% over the forecast period to reach a market size of US$18.307 billion in 2026, from US$5.729 billion in 2019. 

Application performance management is known as the managing and monitoring of the respective performance of various types of software applications. The companies use this solution to detect and diagnose difficult and complex application and software problems. The market is expected to surge in the coming years, due to the increasing demand for application performance management solutions and systems from various industries and sectors, such as banking, retail, healthcare, and others. North America is expected to play a major role in the market growth due to the presence of key players in the region.

Competitive Analysis

Major firms and corporations have been making significant developments in the market, with the launch of novel and advanced application performance management systems. Dynatrace, a major player in the market, has been offering application performance management solutions to its customers. The company had stated that it had been named and recognized as a key leader had received high customer satisfaction scores and points among products in APM. The company provides APM for getting and collecting insights into any environment and application, optimization of performance, and resolving problems, and others. Other players have also been making a significant impact in the market. For instance, IBM, one of the major players in the market, provides APM. The company allows its customers to access its AI-powered automation capabilities. These developments and trends are expected to play a major role in the market growth, in the coming years.

Growth in the BFSI sector

The market is expected to surge in the coming years, due to the rising demand for APM in the banking and financial sector. The banking and financial sector has been relying and have been dependant on business-critical and imperative customer-facing applications. With the growth of fast and seamless online transaction systems, the banking industry had been adopting DevOps measures, to make the system more user-friendly. The APM products and tools encourage and promote DevOps goals of faster time to market discharge and development in critical applications. These are some of the key factors that are expected to drive market growth.

Increasing demand in the retail sector

The market is expected to surge in the coming years, due to the increasing demand for APM products and solutions in the retail sector, worldwide. In the past few years, there has been a rise in the growth of mobile applications and e-commerce. Application performance management tools help retailers to enhance and improve their digital strategies by offering efficient eCommerce and mobile performance. and enabling dev and ops, business to collaborate automatically and easily, and also combining technical performance with various business results. AppDynamics, a part of CISCO, one of the key firms, has been providing APM tools and products for retailers, worldwide. The company offers seamless retail performance.

Application Performance Management Market Scope:

Report Metric	Details
Market size value in 2019	US$5.729 billion
Market size value in 2026	US$18.307 billion
Growth Rate	CAGR of 18.05% from 2019 to 2026
Base year	2019
Forecast period	2021–2026
Forecast Unit (Value)	USD Billion
Segments covered	Deployment Model, Access Type, Industry Vertical, And Geography
Regions covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies covered	International Business Machines (IBM), Dynatrace, Dell, AppDynamics (Cisco   Systems  Inc.), Riverbed Technology, New Relic, Microsoft Corporation, Splunk,   Broadcom, Micro Focus
Customization scope	Free report customization with purchase

 

Segmentation:

• By Deployment model
  • On-Premises
  • Hybrid
  • Cloud
•  By Access type
  • Mobile APM
  • Web APM
•  By Industry vertical
  • BFSI
  • Government
  • Retail
  • Travel & Transport Logistics
  • Healthcare
  • Communication & Technology
  • Others
• By Geography
  • North America
    • USA
    • Canadá
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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Frequently Asked Questions (FAQs)

Q1. What will be the application performance management market size by 2026?
A1. The global application performance management market is expected to reach a market size of US$18.307 billion by 2026.

Q2. What is the size of the application performance management market?
A2. Application Performance Management market was valued at US$5.729 billion in 2019.

Q3. What are the growth prospects for the application performance management market?
A3. The application performance management market is expected to grow at a CAGR of 18.05% during the forecast period.

Q4. Who are the major players in the application performance management market?
A4. Prominent/major key market players in the global application performance management market include Micro Focus, Dynatrace, Microsoft, and Splunk among others.

Q5. What factors are anticipated to drive the application performance management market?
A5. The growing need to track and analyze organizational performance, especially with huge data generated due to rising digitization among companies, has been driving the need for application performance management software globally.

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