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Global Synthetic Monitoring Market to Grow at a CAGR of 15.3% During 2024-2032, Aided by its Rising Demand in the Mobile Applications

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Synthetic Monitoring Market

Global Synthetic Monitoring Market Size, Share, Forecast: By Type: API Monitoring, Website Monitoring, Mobile Application Monitoring; By End Use: BFSI, IT and Telecommunication, Retail, Media and Entertainment, Travel and Hospitality, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Synthetic Monitoring Market Outlook

The global synthetic monitoring market stood at a value of around USD 1272.23 million in 2023. The market is further expected to grow at a CAGR of 15.3% in the forecast period of 2024-2032 to attain a value of nearly USD 4581.53 million by 2032.         

 

Global Synthetic Monitoring Market

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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.

 

Global Synthetic Monitoring Market by Segment

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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.

 

Global Synthetic Monitoring Market by Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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 (2018-2023) 
    8.3    Global Synthetic Monitoring Market Forecast (2024-2032)
        8.4    Global Synthetic Monitoring Market by Type
        8.4.1    API Monitoring
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Website Monitoring
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Mobile Application Monitoring
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Synthetic Monitoring Market by End Use
        8.5.1    BFSI
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    IT and Telecommunication
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Retail
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Media and Entertainment
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Travel and Hospitality
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others    
    8.8    Global Synthetic Monitoring Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Synthetic Monitoring Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Synthetic Monitoring Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Synthetic Monitoring Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Synthetic Monitoring Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Synthetic Monitoring Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    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 2032
2.    Global Synthetic Monitoring Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Synthetic Monitoring Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Synthetic Monitoring Historical Market: Breakup by End Use (USD Billion), 2018-2023
5.    Global Synthetic Monitoring Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6.    Global Synthetic Monitoring Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Synthetic Monitoring Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Synthetic Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Synthetic Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Synthetic Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Synthetic Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Synthetic Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Synthetic Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Synthetic Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Synthetic Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Synthetic Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Synthetic Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Synthetic Monitoring Market Structure

Key Questions Answered in the Report

What was the global synthetic monitoring market size in 2023?

In 2023, the global synthetic monitoring market attained a value of nearly USD 1272.23 million.

What is the growth rate of the market?

The market is estimated to grow at a CAGR of 15.3% between 2024 and 2032.

What are the major regional markets of synthetic monitoring, according to the EMR report?

The major regions in the market for synthetic monitoring include North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major market drivers?

The major drivers of the market are the rising adoption of smart gadgets, the expansion of small, medium and large enterprises, and the surging demand for synthetic monitoring in various end-use sectors.

What are the key trends of the market?

Technological advancements and innovations and the growing demand for synthetic monitoring in the BFSI sector are the key trends guiding the market growth.

What are the major types of synthetic monitoring?

API monitoring, website monitoring, and mobile application monitoring are the major types of synthetic monitoring.

What are the different end-uses 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.

Who are the key players in the synthetic monitoring market, according to the report?

The major players in the market 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 1272.23 million in 2023, 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 2024-2032, 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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