According to IMARC Group’s latest report, titled “Synthetic Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’the global synthetic monitoring market reached a value of US$ XX Million in 2021. Synthetic monitoring, or synthetic testing, is a script utilized for examining overall application performance and generating simulated user behavior from multiple test points. It executes competitive analyses, detects downtime of the digital service, and provides insights on a business transaction. Synthetic monitoring can track application programming interface (API) from any location and frequency.
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The increasing utilization of synthetic monitoring across the banking, financial services, and insurance (BFSI) sector for facilitating real user communication, providing 24/7 alerts about online portals, and detecting various specific elements is primarily driving the market growth. In addition to this, the rising need for enhanced management and monitoring solutions of umpteen complex applications is providing an impetus to market growth. Other factors, such as increasing dependence on online banking services, rising number of technical issues, including poor coding, incompatible browser, and delays in loading, usually faced by customers during online website browsing, and rapid digitization in business processes, especially due to the sudden outbreak of COVID-19 pandemic, are creating a positive outlook for the market. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027.
Competitive Landscape:
- BMC Software Inc
- Broadcom Inc.
- Catchpoint Systems Inc.
- Cisco Systems Inc.
- Dell Technologies Inc.
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- Micro Focus International plc
- Microsoft Corporation
- New Relic Inc.
- Riverbed Technology Inc.
- Splunk Inc.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global synthetic monitoring market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, services, deployment mode, application and vertical.
Breakup by Type:
- API Monitoring
- SaaS Application Monitoring
- Mobile Application Monitoring
- Web Application Monitoring
Breakup by Services:
- Managed Services
- Consulting Services
- Implementation Services
- Training and Support Services
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Application:
- Competitive Benchmarking
- Service-Level Agreements Monitoring
- Application Testing
- Content Delivery Network Testing
- Others
Breakup by Vertical:
- BFSI
- IT and Telecommunication
- Retail
- Media and Entertainment
- Travel and Hospitality
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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