Synthetic Monitoring Market Research Report Information By Monitoring Type (Mobile Application monitoring, Web Application monitoring, API monitoring, SaaS monitoring) by Deployment Type (On-cloud and On-premise), by Vertical Type (BFSI, Retail, Government, Automotive, IT & Telecommunication, Healthcare, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032.
ID: MRFR/ICT/4159-CR | 138 Pages | Author: Aarti Dhapte | January 2019
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Synthetic Monitoring Market Overview
Synthetic Monitoring Market Size was valued at USD 1.1 Billion in 2022. The Synthetic Monitoring market industry is projected to grow from USD 1.20 Billion in 2023 to USD 2.51 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.61% during the forecast period (2023 - 2032).Increased of its advantages, including improved IT operations and the ability for webmasters to check for errors and malfunctions, synthetic monitoring is becoming more and more popular. are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Synthetic Monitoring Market Trends
Growing telecommunication industry is driving the market growth
The telecommunication industry is driving Market CAGR for synthetic monitoring. The gap between conventional, on-premises IT systems and modernized services in the IT and telecom industries can be filled by API management. Effective data collection, analysis, and sharing across companies enhance the user experience and boost operational effectiveness. Effective monitoring is necessary to control on-premises, cloud-based, or hybrid infrastructure. Because traditional tools weren't built to manage complex infrastructure landscapes, IT management is getting more challenging, so they are turning to synthetic monitoring. It takes time and resources for many IT teams to manage complicated networks, suppliers, and deployment types. Active monitoring can aid in minimizing these issues. Web transactions or web browser script records are used for synthetic monitoring when behavioral scripts are written to mimic a user's website navigation. It aids in the performance monitoring of ongoing IT services. By watching affected user transactions, synthetic monitoring guarantees that the faults and issues may be swiftly found and fixed, ideally before users complain or notice.
Businesses worldwide have concentrated on improving the overall user experience to hold onto their consumer base in the face of fierce competition. This trend has greatly influenced the demand for synthetic monitoring systems. Active monitoring is crucial in the complicated infrastructure that many IT teams maintain, where several networks, providers, and apps may eat up IT time and resources. Synthetic monitoring continuously displays what users view to IT personnel, thus aiding in troubleshooting these situations. Businesses also resort to synthetic monitoring for third-party components like web analytics, social networking, search engine optimization, and others to meet the increased need for sophisticated user experiences. Active monitoring is crucial in the complicated infrastructure that many IT teams maintain, where several networks, providers, and apps may eat up IT time and resources. Synthetic monitoring continuously displays what users view to IT personnel, thus aiding in troubleshooting these situations. Thus, driving the Synthetic Monitoring market revenue.
Synthetic Monitoring Market Segment Insights
Synthetic Monitoring Type Insights
Based on monitoring type, the Synthetic Monitoring market segmentation includes mobile application monitoring, web application monitoring, API monitoring, and SaaS monitoring. The web application monitoring segment dominated the market, accounting for 35% of market revenue. It is feasible to track website traffic and analyze customer purchasing trends by monitoring a website. As more people utilize mobile apps, the need for mobile applications may rise in the upcoming year.
Synthetic Monitoring Deployment Type Insights
Based on deployment type, the Synthetic Monitoring market segmentation includes On-cloud and On-premise. The on-cloud segment dominated the market. Because of their scalability and flexibility, many businesses are using cloud solutions, which is helping them grow. The lowest operating costs, increased operational flexibility, and fewer operational hazards are possible. It offers businesses numerous advantages, including daily, routine data backups, security, quick updates, etc.
Figure 1: Synthetic Monitoring Market, by Vertical Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Synthetic Monitoring Vertical Type Insights
The Synthetic Monitoring market segmentation is based on vertical type, BFSI, retail, government, automotive, it & telecommunication, healthcare, and others. The BFSI generated the most income. Major financial and banking institutions are working harder than ever to tackle issues like mobile device outages and the demand for tighter accountability. This will increase demand for the synthetic monitoring market in the BFSI industry. The need for mobile Deployment Type monitoring is expected to rise as more people use smartphones for various reasons. This will help the market throughout the forecast period to analyze consumer behavior and improve user experience.
Synthetic Monitoring Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Synthetic Monitoring market area will dominate this market, As new technologies like DevOps, cloud computing, software-as-a-service (SaaS)-based apps, and bring your device (BYOD) are being adopted more widely; additionally, even in traditional markets in North America, consumers are favoring online platforms for a variety of services; businesses are concentrating on strengthening their application management services.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil..
Figure 2: SYNTHETIC MONITORING MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Synthetic Monitoring market accounts for the second-largest market share. As more mobile apps, monitoring websites, API monitoring services, and SaaS-based services are installed. Additionally, the German synthetic monitoring market had the biggest market share, while the UK synthetic monitoring market had the quickest expansion rate on Europe.
The Asia-Pacific Synthetic Monitoring Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the rising demand for contemporary synthetic monitoring systems with real-time analysis, log management, and advanced analytics. The regional governments are also improving service level agreements, written contracts relating to a specific service between two or more parties. These documents provide directions to the supplier and client throughout a specific contract. Moreover, China's Synthetic Monitoring market held the largest market share, and the Indian Synthetic Monitoring market was the fastest-growing market in the Asia-Pacific region.
Synthetic Monitoring Key Market Players & Competitive Insights
Leading market companies are making significant R&D investments to diversify their product offerings, which will drive the Synthetic Monitoring market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants also engage in several strategic actions to increase their worldwide presence. The market for Synthetic Monitoring industry is becoming more competitive. Therefore, it needs to offer reasonably priced products to grow and thrive.
Manufacturing locally to reduce operating costs is one of the primary business strategies manufacturers employ in the worldwide Synthetic Monitoring industry to assist customers and expand the market sector. The market for Synthetic Monitoring industry has recently provided some of the most important benefits. Major players in the Synthetic Monitoring market, including Broadcom Inc., Contentsquare, and others, are attempting to increase market demand by investing in research and development operations.
Broadcom Inc., a leader in worldwide technology, a Delaware corporation with headquarters in San Jose, California, creates, develops, and provides various semiconductor products and infrastructure software solutions. The crucial markets served by Broadcom's market-leading product range include data centers, networking, corporate software, broadband, wireless, storage, and industrial. Data center networking and storage, mainframe, enterprise, mainframe, and cyber security software emphasizing automation, monitoring, and security, smartphone components, telecoms, and factory automation are just a few of our offerings. In December 2022, A new solution that lets businesses store their mainframe data wherever they want, including the Cloud, was made available by Broadcom Inc. With the help of Broadcom's CA 1 Flexible Storage solution, users may achieve significant cost savings and ransomware protection while storing mainframe data in safe, affordable mainframe solutions for hybrid IT environments.
The ability to make the digital world more human is delivered by Contentsquare. At every stage of the customer experience, our AI-powered platform offers comprehensive and contextual insight into consumer behaviors, feelings, and intent, empowering businesses to develop empathy and make a lasting impression. As the industry pioneer in digital experience analytics, Contentsquare supports brands in every industry in changing how they conduct business, enabling them to act on a large scale while fostering customer confidence through security, privacy, and accessibility. More than 1000 top brands use Contentsquare to expand their businesses, increase consumer satisfaction, and act more quickly in a continuously changing market. In September 2022, A new feature from Contentsquare has enabled companies to understand better how website speed affects user experience and conversion rates and adjust performance as necessary. The new Digital Experience Monitoring (DEM) solution from Contentsquare combines Real User Monitoring (RUM) and Speed Analysis Synthetic to provide brands with a thorough analysis of speed and user interaction, including Core Web Vital indicators.
Key Companies in the Synthetic Monitoring market include
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Hewlett Packard Enterprise Company
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Broadcom Inc.
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AppDynamics
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BMC Software
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Splunk Inc
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Riverbed Technology
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Dell Technologies Inc
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Microsoft Corporation
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Intel Corporation Amway
Synthetic Monitoring Industry Developments
A new capability that will be available in 2022 from Contentsquare, the industry pioneer in digital experience analytics, enables companies to better understand how website speed affects user experience and conversion rates and adjust performance as necessary. The new Digital Experience Monitoring (DEM) solution from Contentsquare combines Real User Monitoring (RUM) and Speed Analysis Synthetic to provide brands with a thorough analysis of speed and user interaction, including Core Web Vital indicators.
A new monitoring as code (MaC) workflow that combines software testing and monitoring in one code-driven workflow that spans development, testing, deployment, and operations was introduced in 2023 by Checkly Inc., the industry leader in synthetic monitoring that enables developers to dependably code, test, and deploy their entire monitoring setup.
Synthesis AI, a pioneer in synthetic data technologies for computer vision, will release a wide range of automotive and autonomous vehicle (AV) use cases in 2023, including advanced driver assistance systems (ADAS), occupant monitoring systems, and driver monitoring systems (DMS). An ecosystem of automotive OEMs, providers, and suppliers can now model driver and occupant behaviour for in-cabin car settings to develop more effective perception systems. This is made possible by Synthesis Humans and Synthesis Scenarios.
November 2022: The first SaaS-based observability and application security platform hosted in the area, according to Dynatrace LLC, is now available on Microsoft Azure in the United Arab Emirates (UAE). The most cutting-edge AIOps and automation are combined with broad and deep observability, continuous runtime application security, and the Dynatrace® Software Intelligence Platform to deliver insights and intelligent automation from data at a massive scale. Joint clients will gain from improved performance and data sovereignty due to its native availability on Microsoft Azure hosted in the UAE.
June 2022: To support a consistent digital customer experience, SmartBear Software recently announced the addition of web browser testing capabilities to its cutting-edge mobile app testing platform, BitBar. BitBar offers the most streamlined and reliable cloud-based testing with instant access to all the most recent browsers and devices. The diversity of all test automation frameworks, environments, and languages software testers use today, tomorrow, and in the future are all supported by BitBar, which is highly scalable and performant.
Synthetic Monitoring Market Segmentation
Synthetic Monitoring Type Outlook
Synthetic Monitoring Deployment Type Outlook
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On-cloud
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On-premise
Synthetic Monitoring Vertical Type Outlook
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BFSI
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Retail
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Government
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Automotive
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IT & Telecommunication
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Healthcare
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Others
Synthetic Monitoring Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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Report Scope:
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.1 Billion |
| Market Size 2023 | USD 1.20 Billion |
| Market Size 2032 | USD 2.51 Billion |
| Compound Annual Growth Rate (CAGR) | 9.61% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Hewlett Packard Enterprise Company, New Relic Inc, Broadcom Inc. AppDynamics IBM Corporation BMC Software Splunk Inc Riverbed Technology Dell Technologies Inc Microsoft Corporation Intel Corporation |
| Key Market Opportunities | Increase the market growth in the review period |
| Key Market Dynamics | The rise in need for customer experience management |
Frequently Asked Questions (FAQ) :
The Synthetic Monitoring market size was valued at USD 1.1 Billion in 2022.
The market is projected to grow at a CAGR of 9.61% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Hewlett Packard Enterprise Company, New Relic Inc, Broadcom Inc, AppDynamics, IBM Corporation, BMC Software.
The On-cloud dominated the market in 2022.
The BFSI had the largest share in the market.
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