Synthetic Monitoring Market Dynamics and Analysis by 2031
The synthetic monitoring market size is projected to reach US$ 8.47 billion by 2031 from US$ 3.03 billion in 2023. The market is expected to register a CAGR of 13.7% in 2023–2031. The growing cloud adoption and rise in digitalization are likely to remain key to synthetic monitoring market trends.
Synthetic Monitoring Market Analysis
Government support to boost the SMEs' capabilities to their business by providing financial aid, incentives, and initiatives can contribute to the adoption of software solutions such as synthetic monitoring solutions. The growing cloud market is one of the major factors driving the synthetic monitoring market as the cloud is a cost-effective solution that leads to the adoption of cloud-based Synthetic monitoring solutions by several large enterprises and SMEs, which further drives the synthetic monitoring market.
Synthetic Monitoring Market Overview
Synthetic monitoring refers to the use of software to simulate user interactions with a system. The data collected from the simulated transactions is then analyzed to determine how the system operates. For example, synthetic monitoring could be used to determine whether a website achieves the desired page load, response time, and uptime.
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Synthetic Monitoring Market: Strategic Insights
Synthetic Monitoring Market
-
CAGR (2023 - 2031)
13.7%
-
Market Size 2023
US$ 3.03 Billion
-
Market Size 2031
US$ 8.47 Billion
Market Dynamics
GROWTH DRIVERS
- Benefits of Synthetic Monitoring
FUTURE TRENDS
- Growing SMEs
OPPORTUNITIES
- Adoption of AI
Key Players
- Apica
- AppDynamics LLC
- Broadcom Inc
- Dynatrace LLC
- eG Innovations Inc
- IBM Corporation
- Micro Focus
- New Relic Inc
- SolarWinds Worldwide LLC
- Uptrends
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Deployment
- On-Premise and Cloud
Organization Size
- SMEs and Large Enterprises
Monitoring Type
- API Monitoring
- SaaS Application Monitoring
- Mobile Application Monitoring
- Web Application Monitoring
Industry
- BFSI
- Government
- Retail
- Healthcare
- IT & Telecom
- Other Industries
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Synthetic Monitoring Market: Strategic Insights
-
CAGR (2023 - 2031)13.7% -
Market Size 2023
US$ 3.03 Billion -
Market Size 2031
US$ 8.47 Billion
Market Dynamics
- Benefits of Synthetic Monitoring
- Growing SMEs
- Adoption of AI
Key Players
- Apica
- AppDynamics LLC
- Broadcom Inc
- Dynatrace LLC
- eG Innovations Inc
- IBM Corporation
- Micro Focus
- New Relic Inc
- SolarWinds Worldwide LLC
- Uptrends
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- On-Premise and Cloud
- SMEs and Large Enterprises
- API Monitoring
- SaaS Application Monitoring
- Mobile Application Monitoring
- Web Application Monitoring
- BFSI
- Government
- Retail
- Healthcare
- IT & Telecom
- Other Industries
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Synthetic Monitoring Market Drivers and Opportunities
Benefits of Synthetic Monitoring to Favor Market
Synthetic monitoring solutions allow the end-user to predict how a system will respond to user requests before actual users interact with it. Synthetic monitoring allows the end-user to validate whether systems meet performance and availability requirements before going into production. In this respect, synthetic monitoring allows for proactive monitoring. Furthermore, synthetic monitoring is useful for evaluating a system's response to unusual or infrequent requests that may not be captured in data collected from transactions initiated by real users. Thus, synthetic monitoring helps to validate system performance and identify potential issues before they affect the end-user experience. Synthetic monitoring enables monitoring proactively and addresses performance and availability issues before they disrupt production applications, which helps the end-users enhance their customer experience.
Growing SMEs market
Enterprises use synthetic monitoring tools to monitor enterprise applications, and they provide information about uptime and overall performance of critical business transactions by simulating several customer activities. These tools enable businesses to close performance gaps that may impact the overall end-user experience. Thus, the growing digitalization and government support for SMEs foster SMEs' capability to adopt software solutions to enhance the efficiency of their workflow. Furthermore, as the trend of digital transformation to improve overall operational efficiency and end-user experience, more SMEs will adopt synthetic monitoring solutions in the future.
Synthetic Monitoring Market Report Segmentation Analysis
Key segments that contributed to the derivation of the synthetic monitoring market analysis are ink deployment, organization size, monitoring type, and industry.
- By deployment, the market is segmented into on-premise and cloud. The cloud segment is expected to grow with the highest CAGR.
- Based on the organization size, the market is segmented into SMEs and large enterprises. The SMEs segment is expected to grow with the highest CAGR.
- By monitoring type, the market is segmented into API monitoring, SaaS application monitoring, mobile application monitoring, and web application monitoring. The API monitoring segment held the largest market share in 2023.
- Based on the industry, the market is segmented into BFSI, government, retail, healthcare, it & telecom, and other industries. The retail segment is expected to grow with the highest CAGR.
Synthetic Monitoring Market Share Analysis by Geography
The geographic scope of the synthetic monitoring market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific region is expected to grow with the highest CAGR. The proliferation of cloud technology in the region leads to the region’s market growth. The growing SMEs in the region fuel the demand for software solutions in the region, driving the use of synthetic monitoring technology. Digital transformation in emerging economies such as India and China leads to the adoption of synthetic monitoring solutions in various end-user industries.
Synthetic Monitoring Market Report Scope
Report Attribute
Details
Market size in 2023
US$ 3.03 Billion
Market Size by 2031
US$ 8.47 Billion
Global CAGR (2023 - 2031)
13.7%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Deployment - On-Premise and Cloud
By Organization Size - SMEs and Large Enterprises
By Monitoring Type - API Monitoring
- SaaS Application Monitoring
- Mobile Application Monitoring
- Web Application Monitoring
By Industry - BFSI
- Government
- Retail
- Healthcare
- IT & Telecom
- Other Industries
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
- Apica
- AppDynamics LLC
- Broadcom Inc
- Dynatrace LLC
- eG Innovations Inc
- IBM Corporation
- Micro Focus
- New Relic Inc
- SolarWinds Worldwide LLC
- Uptrends
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 3.03 Billion |
Market Size by 2031 | US$ 8.47 Billion |
Global CAGR (2023 - 2031) | 13.7% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Deployment
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Synthetic Monitoring Market News and Recent Developments
The Synthetic Monitoring Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In July 2023, Google introduced synthetic monitoring, a new proactive monitoring capability that uses automated Node.js scripts to simulate user interactions with an application or service. This allows you to test the availability, consistency, and performance of your web applications, APIs, and key business workflows from the perspective of a real user on a periodic basis. In November 2023, Google announced the general availability of synthetic monitoring. Additionally, with this launch, the company also included new capabilities for synthetic monitoring. (Source: Google, Press Release, 2023)
- In March 2022, Synthetic API Monitoring extended AppDynamics Synthetic Monitoring, empowering ITOps and DevOps to help minimize the impact of API performance and availability issues on business outcomes and user experience. (Source: AppDynamics, Press Release, 2022)
Synthetic Monitoring Market Report Coverage and Deliverables
The “Synthetic Monitoring Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment , Organization Size , Monitoring Type , and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global synthetic monitoring market was estimated to be US$ 3.03 billion in 2023 and is expected to grow at a CAGR of 13.7% during the forecast period 2023 - 2031.
The growing cloud adoption and rise in digitalization are the major factors that propel the global synthetic monitoring market.
Adoption of AI is anticipated to play a significant role in the global synthetic monitoring market in the coming years.
The key players holding majority shares in the global synthetic monitoring market are Apica, AppDynamics LLC, Broadcom Inc., IBM Corporation, and Micro Focus.
The global synthetic monitoring market is expected to reach US$ 8.47 billion by 2031.
The incremental growth expected to be recorded for the global synthetic monitoring market during the forecast period is US$ 5.43 billion.