End-User Experience Monitoring Market 2021 By Industry Statistics, Progression Status, Emerging Demands, Recent Trends, Business Opportunity, Share and Forecast To 2030

In a recent published report, Kenneth Research has updated the market report for End-User Experience Monitoring Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for End-User Experience Monitoring Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

Market Synopsis

Globally, the end user experience monitoring market is expected to grow from USD 1,389.7 million in 2018 to USD 3,772.0 million by 2023, at a CAGR of 22.1% during the forecast period, 2018–2023. Global need of businesses to understand the dynamic needs of their customers, identify and troubleshoot poorly performing customer applications, and reduce operational costs by lowering the number of call centers are the key driving factors for the growth of the market. However, lack of awareness, budget constraints, and presence of many small sized-enterprises in the developing economies are the major challenges in the end user experience monitoring market during the forecast period.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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End user experience monitoring solutions help enterprises to retain their customers by understanding their needs and quickly resolving their problems. The solution also tracks the performance of all customer-facing applications and reports immediately in case of poor performance of the applications. Overall, the solution helps businesses in providing best services to the customers and preventing loss of revenue from frustrated customers.

End user experience monitoring solutions and services have a wide adoption in almost all industry verticals, such as Banking, Financial Services, and Insurance (BFSI), government, retail and consumer goods, healthcare, and IT and telecom. BFSI, retail and consumer goods, and IT and telecom are some of major industry verticals adopting the end user experience monitoring solutions to offer services according to the changing needs of their customers.

Segmentation.

The global end user experience monitoring market is segmented based on component, access type, organization size, deployment mode, industry vertical, and region/country.By component, the market is segmented into solutions and services. The solutions covered in the study are synthetic monitoring and real user monitoring. The services segment is further segmented into professional and managed services.

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By access type, the market is segmented into web and mobile.By deployment mode, the market is segmented into cloud and on-premises.By organization size, the market is segmented intolarge enterprises and SMEs.By industry vertical, the market is segmented into BFSI, government, retail and consumer goods, heatlhcare, IT and telecom, and others.By region, the market is segmented into Europe, North America, Asia-Pacific and the rest of the world.

Regional Analysis

The global market for end user experience monitoring market is estimated to grow rapidly during the forecast period from 2018 to 2023. The geographical analysis of global end user experience monitoring market is studied for North America, Europe, Asia-Pacific, and the rest of the world.North America is presumed to have the largest market share in the global end user experience monitoring market. The US, Canada, and Mexico are the leading countries in the region. The growth is attributed to the presence of major end user experience monitoring solution vendors and advanced IT infrastructure to run enterprise applications and deliver services to the customers seamlessly.

Asia-Pacific is anticipated to be the fastest growing region in the global end user experience monitoring market over the forecast period. Increasing digitalization and adoption of cloud services to improve the experience of customers through mobile and web are the key driving factors for the adoption of end user experience monitoring solutions in the region. Enterprises in the region are increasingly focusing towards understanding their customer behavior and needs so that they can strategize on their product and service offerings effectively.

Competitive Analysis

The digital vault market has the presence of many vendors that are adopting various organic and inorganic strategies to grow in the market. According to the latest trends in the digital vault market, most of the major vendors are adopting the strategy of new product launch/product enhancement to offer unique and innovative solutions in the market. Partnership and collaboration is the second most adopted strategy by the major vendors

Key players

The prominent players in end user experience monitoring market are Oracle Corporation (US), IBM Corporation (US), SAP SE (Germany), BMC Software, Inc. (US), Micro Focus International plc (UK), Riverbed Technology (US), CA Technologies (US), AppDynamics (US), Catchpoint Systems, Inc. (US), and Dynatrace LLC (US).

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Intended Audience

End user experience monitoring solution vendors

Independent Software Vendors

IT System Integrators

IT Professional Service Providers

IT Managed Service Providers

Government Organizations

Enterprises

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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