The report on the Global Synthetic Monitoring Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.
The global synthetic monitoring market is expected to witness expansion at a 17.7% CAGR during the forecast period of 2018-2023. The global synthetic monitoring 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 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 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 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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This MRFR report presents an exhaustive segmental assessment of the global synthetic monitoring market based on services, monitoring type, deployment, application, and vertical. By services, the market has been segmented into managed services, consulting services, implementation services, and training and support services. Among these, the consulting services segment is likely to account for the maximum share of the market over the next couple of years. Meanwhile, the managed services segment is anticipated to expand at a higher CAGR over 2023.
By monitoring type, the market has been segmented into web application monitoring, mobile application monitoring, API monitoring, and software as a service (SaaS) application monitoring. The API monitoring segment is currently dominating the market and is poised to maintain its prominence across the review period.
By deployment, the synthetic monitoring market has been segmented into On -Cloud, and On-premise. Among these, the on-premise segment held the dominant share of the market in 2017. However, the on-cloud segment is likely to gain momentum during the review period and emerge as the largest segment of the market by 2023-end.
By application, the market has been segmented into competitive benchmarking, Service-level agreements monitoring (SLA Monitoring) Application Testing, and Content Delivery Network Testing (CDN Testing). The application testing segment is expected to expand at the most significant CAGR of 20.7% during the assessment period. Its valuation is anticipated to touch USD 703.6 Mn mark towards the end of 2023.
By vertical, the synthetic monitoring market has been segmented into BFSI, Government, IT & Telecommunication, Healthcare, Retail, Automotive, and others. Among these, the BFSI segment is projected to retain its pole position through the forecast period. In addition, the retail sector resonates strong growth opportunities and is estimated to mark a comparatively higher CAGR of 22% over 2023.
Some of the key players profiled for Synthetic Monitoring Market share analysis are 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.
The regional assessment of the global synthetic monitoring market spans across North America, Europe, Asia Pacific, and the Rest of the World. North America is forecasted to hold the dominant share of the market over the next couple of years. The U.S. has been projected to emerge as the major country-level market of the region and is anticipated to remain highly lucrative across the review period.
Europe is poised to retain the second spot in the global marketplace through the assessment period. It is projected to grow from USD 297.9 Mn in 2017 to USD 816 Mn by the end of 2023. The U.K. and Germany are poised to drive the growth of the synthetic monitoring market in the region over the next few years.
Asia Pacific signifies tremendous developmental opportunities which are prognosticated to influence the market growth positively. The region's synthetic monitoring market is expected to strike a comparatively higher CAGR of 22% over the assessment period.
LIST OF TABLES
TABLE 1 MARKET SYNOPSIS 15
TABLE 2 LIST OF ASSUMPTIONS 18
TABLE 3 GLOBAL SYNTHETIC MONITORING MARKET, BY SERVICES, 2017-2023 (USD MILLION) 43
TABLE 4 GLOBAL SYNTHETIC MONITORING MARKET, BY MONITORING TYPE, 2017-2023 (USD MILLION) 46
TABLE 5 GLOBAL SYNTHETIC MONITORING MARKET, BY DEPLOYMENT, 2017-2023 (USD MILLION) 49
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LIST OF FIGURES
FIGURE 1 GLOBAL SYNTHETIC MONITORING MARKET: MARKET STRUCTURE 19
FIGURE 2 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023) 21
FIGURE 3 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023) 21
FIGURE 4 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2017 VS 2023) 22
FIGURE 5 REST OF THE WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2023) 22
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Tags: Synthetic Monitoring Market, Synthetic Monitoring Market Forecast, Synthetic Monitoring Market Growth, Synthetic Monitoring Market Share, Synthetic Monitoring Market Size, Synthetic Monitoring Market Trends
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Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
+1 646 845 9312