Synthetic Monitoring Tools Market Assessment, Worldwide Growth, Key Players, Analysis and Forecast to 2030
Market Overview
Synthetic
Monitoring Market Size to expand at 9.61% CAGR during the
forecast period 2020 to 2030. The global Synthetic Monitoring Tools Market is
witnessing revolutionized development in the last decade and is poised to take
on an impressive growth trajectory in the coming years. Introduction of
analytics and cloud technology is expected to cause a surge in the global
Synthetic Monitoring Tools Market in the forthcoming years. An upsurge in the
need for proactive monitoring solutions is anticipated to achieve
customer-centric goals for the organization. This is expected to aid the
proliferation of the market across the review period.
The intensified need for proactive monitoring
solutions and performance metrics is expected to drive the expansion of
Synthetic Monitoring Tools Market in the coming years. The market is expected
to pose highly attractive opportunities for integration of analytics and cloud
technology. The future growth trajectory of the global Synthetic Monitoring
Tools Market is expected to propel the adoption of technology through the
assessment period. Moreover, fast developing nations all over the globe are
expected to create new expansion opportunities for market players in the
forthcoming years.
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Apart from that, nations that are witnessing
fast-paced development are offering attractive opportunities and are
anticipated to supplement in the propulsion of the global Synthetic Monitoring
Tools Market during the forecast period. Key players are expected to focus on
the development of novel technologies for the capitalization of opportunities
thriving in the market. Additionally, growth strategies that are undertaken by
these players for the acceleration of revenue creation include merger and
acquisition, collaboration, product development, and innovation, among others.
Market Segmentation
The global Synthetic
Monitoring Tools Market is segmented based on services, monitoring type,
deployment, application, vertical, regional. Based on services, the global
Synthetic Monitoring Tools Market is segmented into consulting services,
managed services, training and support services, and implementation services.
Based on monitoring type, the global Synthetic Monitoring Tools Market is
segmented into API monitoring, web application monitoring, mobile application
monitoring, software as a service (SaaS) application monitoring.
Based on deployment, the global Synthetic
Monitoring Tools Market is segmented into on-cloud, on-premise. Based on
application, the global Synthetic Monitoring Tools Market is segmented into
service-level agreements monitoring (SLA monitoring)f application testing,
content delivery network testing (CDN testing), and competitive benchmarking.
Based on vertical, the global Synthetic Monitoring Tools Market is segmented
into government, BFSI, IT and telecommunication, retail, healthcare,
automotive, and others.
Key Players
The study by Market Research Future (MRFR) has
profiled some notable players from the global Synthetic Monitoring Tools Market
including IBM Corporation, Broadcom Inc., BMC Software, Splunk Inc, Hewlett
Packard Enterprise Company, New Relic Inc., Microsoft Corporation, Riverbed
technology, Dell technologies Inc., AppDynamics, and Intel Corporation.
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Detailed Regional Analysis
The global Synthetic Monitoring Tools Market is
studied for the geographical segments of North America, Asia Pacific, Europe,
and Rest of the World (RoW). North America is estimated to dominate the
Synthetic Monitoring Tools Market over the next few years. The US is expected
to dominate the country-specific market for synthetic monitoring within the
region and it is anticipated to remain highly lucrative across the review
period.
Europe is poised to retain the second largest share
of the Synthetic Monitoring Tools Market through the assessment period. It is
also expected to garner a revenue valuation of USD 816 million by the end of
2023. Within Europe, the UK and Germany is expected to rule the regional
Synthetic Monitoring Tools Market in the region over the next few years. Asia
Pacific is expected to showcase tremendous growth prospects and impact the
market in a positively manner. The region’s Synthetic Monitoring Tools Market
is estimated to gain a CAGR of 22% over the assessment period.
Industry Update
October 2019: Datadog recently announced that it is
currently in process on the Federal Risk and Authorization Management Program
(FedRAMP) Marketplace.
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