End-user experience monitoring market was estimated USD 1.5 billion in 2018 and is projected to reach USD 3.7 billion by 2023 at a CAGR of 20.7% during the forecast period. End user experience monitoring is becoming very popular to know the performance of the applications and how it is impacting on the end-users. It monitors everything from the end-users point of view and delivers necessary changes in the application.
- An increasing number of web applications and growing demand to analyze the performance of the websites is the key driving factor for the growth of the market. Rising demand to provide effective experience for the end-users are accelerating the demand of the market.
- However, lack of sufficient knowledge in monitoring the results and analyzing them is slowly restraining the growth of the market. Stringent rules and regulations by higher authorities are also impeding the demand of the market.
- Growth opportunities for the market lie in the growing investments of the IT sector and also rising demand to change the bad reviews by modifying the applications. Increasing revenue in both developed and developing countries are propelling the demand of the market.
The solutions segment is witnessed in leading the highest shares of the market
Based on the components, the market is segmented into solutions and services. The solutions segment is holding the highest shares of the market. Growing prevalence to understand user experience and needs quickly and to resolve them in very less time is bolstering the demand of the market.
Cloud-based deployment mode is trending in the market with the highest shares
By deployment mode, the market is bifurcated into cloud and on-premises. Cloud-based deployment mode is gaining more attention these days as it stores big data and also reduces the traffic.
The emergence of advanced technology in the IT sector is a major factor magnifying the demand of the market in North America and Europe
Regionally, North America and Europe are accounted to hold dominant shares of the market. The rise in the support from the private organizations on investments and also the adoption of advanced technology in accordance with the new applications are greatly outshining the growth of the market in these regions. The Asia Pacific is next in leading the highest shares of the market by owing to the launch of various systems to monitor the performance of the applications. Middle East & Africa is to have a slight inclination in the growth rate in the coming years.
Few of the companies dominating the Global End User Experience Monitoring Market are:
- Micro Focus
- BMC Software
- CA Technologies
This research report covers the following segments and sub-segments of the Global End User Experience Monitoring Market and provides market size and forecast estimates until 2023.
End User Experience Monitoring Market Analysis - By Component:
End User Experience Monitoring Market Analysis - By Access Type:
End User Experience Monitoring Market Analysis - By Organization Type:
- Small Enterprise
- Medium Enterprise
- Large Enterprise
End User Experience Monitoring Market Analysis - By Deployment:
End User Experience Monitoring Market Analysis - By Vertical
- Public Sector
- Consumer Goods
- IT and Telecommunications
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