Application Performance Management market is expected to grow at a CAGR of 13.5% over the forecast period 2023 (SARS-CoV-2, Covid-19 Analysis)

Application Performance Management Market

Application performance monitoring (APM) is an area of information technology (IT) that make sure software application programs perform as expected. The goal of performance monitoring is to provide end users a quality experience. Application performance signifies how quickly transactions are accomplished or details are sent to the end-users using a particular application. Application performance management is commonly used for web applications built on Microsoft .NET and JEE platforms.

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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.

The network-based ExtraHop application performance management (APM) solution helps healthcare IT teams confidently support mobility initiatives as well as traditional application monitoring. With real-time metrics for all tiers of the application environment, the ExtraHop system provides the correlated, cross-tier visibility that IT teams need to accomplish their most pressing application performance management tasks.

With the increasing adoption of cloud computing and virtualization, many organizations are looking at application management to make their businesses more efficient. Coupled with that, the increasing complexity of applications across multiple platforms also prompted enterprises to adopt APM solutions, to monitor and manage the performances of these applications.

Regional Analysis

The global application performance management market is led by North America. Increasing level of competition among businesses to solve, analyze and mend business processes is driving the market in the region. CA Technologies announced new additions to CA’s DevOps portfolio that span development to production including all supporting technologies from clouds to devices, and everything in between to improve the user experience across dynamically changing applications, infrastructure, and networks. The Asia Pacific is a rapidly emerging region in application performance management market. The market was significantly fuelled by verticals such as BFSI, e-commerce, healthcare, online retail, and IT & ITES.

Some of the key players in the market are IBM Corporation (U.S.), Hewlett Packard (U.S.), AppDynamics (U.S.), Oracle Corporation (U.S.), Compuware Corporation (U.S.), Microsoft Corporation (U.S.), CA Technologies (U.S.) among others.

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