Global Synthetic Monitoring Market – Industry Trends and Forecast to 2024

Market Analysis: Global Synthetic Monitoring Market

The Global Synthetic Monitoring Market accounted for USD 962.7 million in 2016 growing at a CAGR of 19.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. 

Market Definition: Global Synthetic Monitoring Market

Synthetic monitoring is a process of monitoring the applications by using robotic agents to simulate the real user’s interaction. It also includes testing of applications before launching it to the end-users. The synthetic monitoring tools have ​​HTTP, automatic cookie handling, cross platform support, load generation, response verification, an execution and monitoring console, real-time stats, GUI or console modes, custom timers, and others. It is widely applicable in banking, financial services, and insurance, government and defense, IT and telecom, healthcare, retail, automotive, transportation, and logistics, media and entertainment, and others. Critical need for pro-active monitoring, and management of increasing complex applications may act as the major driver in the growth of synthetic monitoring market. On the other hand lack of expertise and skill set may hinder the market.

Major Market Drivers & Restraints:

Micro services driving the development of applications
Critical need for pro-active monitoring
Management of increasing complex applications
Importance of DevOps
SLA parameters evaluation latency issues
Ease of deployment
Lack of expertise and skill set
Lack of real time application

Market Segmentation: Global Synthetic Monitoring Market

The global synthetic monitoring market is segmented on the basis of component into monitoring type, and services.

On the basis of monitoring type, the global synthetic monitoring market is segmented into API monitoring, SaaS application monitoring, mobile application monitoring, and web application monitoring.

On the basis of service, the global synthetic monitoring market is segmented into managed services, and professional services. The professional services segment is further sub segmented into business consulting services, implementation services, and training and support services

On the basis of organization size, the global synthetic monitoring market is segmented into small and medium enterprises (SMES), and large enterprises.

On the basis of deployment model, the global synthetic monitoring market is segmented into hosted, and on-premises.

On the basis of vertical, the global synthetic monitoring market is segmented into banking, financial services, and insurance, government and defense, it and telecom, healthcare, retail, automotive, transportation, and logistics, media and entertainment, and others.

On the basis of geography, the global synthetic monitoring market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis: Global Synthetic Monitoring Market

The report for synthetic monitoring market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments. 

Major Market Competitors: Global Synthetic Monitoring Market

Some of the major players of the global synthetic monitoring market are CA, IBM Corporation, BMC Software, Inc., Dell Inc., Dynatrace LLC, Microsoft, Hewlett Packard Enterprise Development LP, AppDynamics, New Relic, Inc., Riverbed Technology, Splunk Inc., Apica, SCIVISUM LIMITED, Catchpoint Systems, Inc, bitbar, RIGOR, Salesforce, and others.   

Research Methodology: Global Synthetic Monitoring Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Synthetic Monitoring Market – Industry Trends and Forecast to 2024

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