Mar 15, 2021   SOURCE: BusinessWire

Global Synthetic Monitoring Market (2021 to 2026) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com

The "Synthetic Monitoring Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The synthetic monitoring market was valued at USD 838.5 million in 2020, and it is expected to reach USD 1944.705 million by 2026, registering a CAGR of 15.2% over the forecast period 2021 - 2026.

Companies Mentioned

  • Broadcom Inc.
  • SmartBear Software
  • Micro Focus International LLC
  • Catchpoint Systems Inc.
  • BMC Software Inc.
  • Oracle Corporation
  • IBM Corporation
  • Rigor Inc.
  • SolarWinds Inc.
  • Anokiwave Inc.

Key Market Trends

IT and Telecommunications is Expected to Show Significant Growth

  • Effective monitoring is the key factor governing the on-premise, cloud, or hybrid infrastructure. Relying on traditional IT monitoring tools, which are not built for complex infrastructure landscape, is increasingly becoming difficult for IT managers. These are actively shifting toward synthetic monitoring solutions.
  • Active monitoring has significant importance in the complex infrastructure that many IT teams are managing, where multiple networks, providers, and applications can all consume IT time and resources. Synthetic monitoring, therefore, helps troubleshoot in these cases, as it shows IT teams what users see, in a continuous way.
  • Modernizing the services for the IT and telecom sector is an evolved approach through API management, for bridging the gap between traditional, on-premise, and cloud-based IT systems. It increases operational efficiency and effectiveness, consolidating the way data is captured, analyzed, and shared across the enterprises, along with an improved experience.

North America Accounted for a Significant Share

  • The market in North America is increasing, due to the critical need for pro-active monitoring of increasing complex applications and rising adoption of cloud-based application and DevOps application.
  • In North America, consumers are increasingly preferring online platform for varied services, even in the conventional markets, because of which, companies are focusing on improving their application management services.
  • In addition to this, owing to rise in DevOps, the region also marks a significant demand for SaaS-based applications. According to the Cisco Global Cloud Index Report, North America is expected to account for 48% of all large-scale public cloud data centers called hyperscale data centers across the world by 2021.
  • IBM recently launched the first financial services-ready public cloud of the world in collaboration with Bank of America. Under the agreement Bank of America will be a committed collaborator to use the platform and host key applications on IBM's public cloud, to support its 66 million banking customers.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

4.1 Market Overview

4.2 Industry Attractiveness - Porter's Five Forces Analysis

4.3 Technology Snapshot

5 MARKET DYNAMICS

5.1 Market Drivers

5.1.1 Increasing Need for Monitoring Service Level Agreement (SLA) Targets

5.1.2 Rising Demand for Application Performance Management (APM)

5.2 Market Challenges

5.2.1 Higher Implementation Costs

5.2.2 Lack of Real-time Monitoring for End Users

6 MARKET SEGMENTATION

6.1 By Type

6.1.1 API Monitoring

6.1.2 Website Monitoring

6.1.3 Mobile Application Monitoring

6.2 By End-user Vertical

6.2.1 BFSI

6.2.2 IT and Telecommunication

6.2.3 Retail

6.2.4 Media and Entertainment

6.2.5 Travel and Hospitality

6.2.6 Other End-user Verticals

6.3 By Geography

6.3.1 North America

6.3.2 Europe

6.3.3 Asia Pacific

6.3.4 Latin America

6.3.5 Middle East and Africa

7 COMPETITIVE INTELLIGENCE

7.1 Company Profiles

8 INVESTMENT ANALYSIS

9 FUTURE OF THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/28d2z6