Application Performance Management Market
In its research report, Market Research Future (MRFR), emphasizes that the global application performance management market 2020 is expected to grow exponentially over the review period, securing a substantial market valuation and a healthy 13.5% CAGR over the review period.
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Drivers and Restraints
As of 2013, the global application efficiency market is seeing a increase in player numbers, providing clients with varied services and functionalities. In addition, the market being studied changes from on-premise deployment in large organizations to on-cloud or hybrid delivery models due to evolving application use, growing recognition among smaller companies, and demand for cost-effective systems. This pattern change is motivated by the close relationship between the different segments and their interdependence. For example, the application output affects user experience, while business analysis can help decide peak times or exit points. The holistic approach to application performance management systems has increased the multiplicity of functionalities, thereby providing a major boost to the studied industry. The market being studied depends primarily on two factors-efficiency output at the end of the user (based on the response time) and peak load handling, which has contributed to its significant integration into public-facing networks, such as social media and media and entertainment applications.
But performance and usability problems with generic solutions have questioned their widespread adoption, and there is still a strong demand for customer-specific customized solutions.
Application performance is incredibly important for nearly every industry, but the stakes are especially high for healthcare organizations. For hospitals and other healthcare providers, poor application performance invariably translates to poor patient care. To ensure that patients receive the best care possible, healthcare IT teams must monitor the performance of a range of applications: electronic health records (EHR) applications; picture archiving and communications systems (PACS); and legacy systems for laboratory, pharmacy, imaging, and order entry. At the same time, these IT teams are being asked to support policy compliance and new IT initiatives, especially mobile applications. The trend of adopting IT is already embedded in the healthcare industry, with doctors and other caregivers expecting to be able to access applications through mobile devices such as BlackBerrys, iPhones, Android phones, and iPads.
Regional Analysis
North America leads the global application performance management market. AppDynamics, an application performance management, and IT operations analytics company, launched Spring 17 APM platform. The company has included the AppDynamics Developer Toolkit, which aims at putting APM tooling into the hands of developers, allowing them to integrate that information into the workflow. The AppDynamics platform can be used to unlock information of many forms, from overall performance data to deep dive captures during a crisis. The Developer Toolkit also adds testing tools to the development lifecycle, which are capable of improving the developer’s view into the functioning of the overall application.
Asia Pacific region will maintain its momentum as enterprises in the region realize the importance of the reliable and high-speed performance of applications in the enterprise business environment.
BSEEN International Organization Ltd, a global operation focused on market entry and expansion for selected leading-edge technologies and Nastel, a premier global provider of business transaction performance solutions for mission-critical applications have entered into distribution partnership focusing on Asia Pacific region. Nastel’s application performance management solution, AutoPilot ensures the availability and performance of critical business applications via auto discovery, business transaction management, real-time monitoring, dynamic dashboards, complex event processing, application performance analysis, root cause analysis, proactive alerting and automated problem resolution.
Competitive Analysis
The key market players operating in the global market as identified by MRFR are Hewlett Packard (U.S.), IBM Corporation (U.S.), AppDynamics (U.S.), Compuware Corporation (U.S.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), and CA Technologies (U.S.) among others.
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