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Global Synthetic Monitoring Market: By Type: API Monitoring, Website Monitoring, Mobile Application Monitoring; By End Use: BFSI, IT and Telecommunication, Retail, Media and Entertainment, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Synthetic Monitoring Market Outlook
The global synthetic monitoring market stood at a value of around USD 830 million in 2020. The market is further expected to grow at a CAGR of 15.3% in the forecast period of 2023-2028 to attain a value of nearly USD 1950 million by 2026.
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Growing Demand for Website Monitoring to Bolster the Growth of the Synthetic Monitoring Industry
Based on type, the website monitoring segment accounts for a significant share in the industry and is anticipated to grow at a steady rate in the forecast period. The segment growth can be attributed to a significant increase in the website traffic of e-commerce, educational, and brochure and catalogue websites, among others.
Through website monitoring, a business can be bolstered as one can keep an eye on website traffic and judge the purchasing pattern of potential customers. Meanwhile, the growing utilisation of mobile apps is expected to enhance the demand for mobile application monitoring over the forecast period, thus, aiding the market.
North America to Account for a Significant Share of the Synthetic Monitoring Industry
The growing significance of cloud computing, BYOD, internet of things (IoT), and e-commerce in countries like the United States and Canada is likely to be a major factor driving the synthetic monitoring industry growth in North America. Over the forecast period, the market is anticipated to be augmented by the growing technological advancements and rapid digitalisation, particularly in emerging nations.
Synthetic Monitoring: Market Segmentation
Synthetic monitoring is defined as a monitoring technique which involves web browser script recordings or web transactions, wherein behavioural scripts are created to simulate a path that a user would take on a site. It helps monitor ongoing IT service performance. Synthetic monitoring, by tracking simulated user transactions, ensures that the problems and issues can be quickly identified and resolved, ideally before users complain or notice.
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Based on type, the market is divided into:
- API Monitoring
- Website Monitoring
- Mobile Application Monitoring
On the basis of end use, the market is segmented into:
- BFSI
- IT and Telecommunication
- Retail
- Media and Entertainment
- Travel and Hospitality
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing End Use of Synthetic Monitoring, particularly in the BFSI Sector, to Boost the Growth of the Synthetic Monitoring Industry
The global market for synthetic monitoring is driven by its growing demand in various end use industries, including the BFSI sector. There has been a significant increase in efforts of major financial and banking institutes to counter challenges such as mobile or net banking outages and the need to bolster accountability. This is driving the demand for synthetic monitoring in the BFSI sector. Furthermore, the growing utilisation of application-based services through smartphones for various purposes is anticipated to propel the demand for mobile application monitoring to analyse customer behaviour and enhance user experience, which is expected to aid the market in the forecast period. In addition, the growing dependence of millennials on gadgets such as smartphones, laptops, tablets, and others is expected to further aid the market. These gadgets are nowadays used for purchasing, streaming, and advertising. As synthetic monitoring is compatible with smart devices, it is expected to provide significant growth opportunities to the market.
Key Industry Players in the Global Synthetic Monitoring Market
The report gives a detailed analysis of the following key players in the global synthetic monitoring market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Dynatrace LLC
- Broadcom, Inc.
- Micro Focus International LLC
- Catchpoint Systems Inc.
- AppDynamics LLC
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End Use, Region |
| Breakup by Type | API Monitoring, Website Monitoring, Mobile Application Monitoring |
| Breakup by End Use | BFSI, IT and Telecommunication, Retail, Media and Entertainment, Travel and Hospitality, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Dynatrace LLC, Broadcom, Inc., Micro Focus International LLC, Catchpoint Systems Inc., AppDynamics LLC, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Synthetic Monitoring Market Analysis
8.1 Key Industry Highlights
8.2 Global Synthetic Monitoring Historical Market (2018-2022)
8.3 Global Synthetic Monitoring Market Forecast (2023-2028)
8.4 Global Synthetic Monitoring Market by Type
8.4.1 API Monitoring
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Website Monitoring
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Mobile Application Monitoring
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Synthetic Monitoring Market by End Use
8.5.1 BFSI
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 IT and Telecommunication
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Retail
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Media and Entertainment
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Travel and Hospitality
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.8 Global Synthetic Monitoring Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Synthetic Monitoring Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Synthetic Monitoring Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Synthetic Monitoring Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Synthetic Monitoring Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Synthetic Monitoring Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Dynatrace LLC
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Broadcom, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Micro Focus International LLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Catchpoint Systems Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 AppDynamics LLC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Synthetic Monitoring Market: Key Industry Highlights, 2018 and 2028
2. Global Synthetic Monitoring Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Synthetic Monitoring Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Synthetic Monitoring Historical Market: Breakup by End Use (USD Billion), 2018-2022
5. Global Synthetic Monitoring Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Synthetic Monitoring Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Synthetic Monitoring Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Synthetic Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Synthetic Monitoring Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Synthetic Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Synthetic Monitoring Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Synthetic Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Synthetic Monitoring Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Synthetic Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Synthetic Monitoring Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Synthetic Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Synthetic Monitoring Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Synthetic Monitoring Market Structure
Key Questions Answered in the Report
In 2020, the global synthetic monitoring market attained a value of nearly USD 830 million.
The market is estimated to grow at a CAGR of 15.3% between 2023 and 2028.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. Among which, North America accounts for the largest share in the market.
The major drivers of the market include the growing adoption of smart gadgets such as smartphones, tablets, laptops, computers, etc., growing end-use of synthetic monitoring in BFSI, IT and telecommunication, and media and entertainment industry, rapid digitalisation, and the growing expansion of small, medium and large enterprises.
The technological advancements in the electronic items including smartphones, tablets and laptops and growing utilisation of application-based services through smartphones are the key trends guiding the growth of the industry.
API monitoring, website monitoring, and mobile application monitoring are the major types of synthetic monitoring.
BFSI, IT and telecommunication, retail, media and entertainment, and travel and hospitality, among others are the significant end-uses of the product.
The major players in the industry are Dynatrace LLC, Broadcom, Inc., Micro Focus International LLC, Catchpoint Systems Inc., and AppDynamics LLC, among others.
Analyst Review
The global synthetic monitoring market attained a value of USD 830 million in 2020, driven by the growing adoption of smart gadgets such as smartphones, tablets, laptops, computers, etc., Aided by the technological advancements in the electronic items and growing utilisation of application-based services through smartphones, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 15.3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into API monitoring, website monitoring, and mobile application monitoring. The significant end-uses of the synthetic monitoring include BFSI, IT and telecommunication, retail, media and entertainment, and travel and hospitality, among others. The major regional markets for synthetic monitoring are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Among the region, North America accounts for the largest share in the market. The key players in the above market include Dynatrace LLC, Broadcom, Inc., Micro Focus International LLC, Catchpoint Systems Inc., and AppDynamics LLC, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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