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At a progressing CAGR of 7.73%, the synthetic monitoring market share is expected to increase to USD 402.81 million by 2026. This research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
The synthetic monitoring market report also offers information on several market vendors, including BMC Software Inc., Broadcom Inc., Catchpoint Systems Inc., Cisco Systems Inc., Dell Technologies Inc., Dotcom Monitor Inc., Dynatrace Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Micro Focus International Plc, Microsoft Corp., New Relic Inc., Oracle Corp., Riverbed Technology Inc., SmartBear Software Inc., SolarWinds Corp., Splunk Inc., and ThousandEyes Inc. among others.
This synthetic monitoring market report extensively covers the market by the following demographic segmentations:
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The pricing strategies of vendors is notably driving the synthetic monitoring market growth, although factors such as availability of open-source software may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the synthetic monitoring industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Synthetic Monitoring Market Driver
Key Synthetic Monitoring Market Trend
Key Synthetic Monitoring Market Challenge
This synthetic monitoring market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the synthetic monitoring market encompasses successful business strategies deployed by the key vendors. The synthetic monitoring market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions and application launches to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The synthetic monitoring market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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34% of the market's growth will originate from APAC during the forecast period. India and China are the key markets for synthetic monitoring in APAC. However, market growth in this region will be slower than the growth of the market in other regions.
North America is another potential market for synthetic monitoring. The early adoption of technologies and the strong existence and penetration of the top vendors will facilitate the synthetic monitoring market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic propelled the growth of the market in North America. The emergence of a new business environment with a remote working culture is increasing the adoption of cloud-based synthetic monitoring solutions. Thus, the market for regional synthetic monitoring is expected to grow significantly during the forecast period.
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The synthetic monitoring market share growth by the API monitoring segment will be significant during the forecast period. The growing popularity of third-party services is expected to increase the need for API monitoring solutions, which, in turn, will drive the growth of the market in focus through this segment during the forecast years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the synthetic monitoring market size and actionable market insights on post COVID-19 impact on each segment.
Technavio categorizes the global synthetic monitoring market as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the synthetic monitoring market during the forecast period.
Our report provides extensive information on the value chain analysis for the synthetic monitoring market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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Synthetic Monitoring Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.73% |
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Market growth 2022-2026 |
$ 402.81 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.3 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 34% |
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Key consumer countries |
US, Canada, India, China, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
BMC Software Inc., Broadcom Inc., Catchpoint Systems Inc., Cisco Systems Inc., Dell Technologies Inc., Dotcom Monitor Inc., Dynatrace Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Micro Focus International Plc, Microsoft Corp., New Relic Inc., Oracle Corp., Riverbed Technology Inc., SmartBear Software Inc., SolarWinds Corp., Splunk Inc., and ThousandEyes Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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