The global distributed performance and availability management software market is expected to grow at a CAGR of more than 13% until 2020, according to a Technavio research study covering the present scenario and growth prospects of the market for 2016-2020.
The report is based on the revenue generated from the sales of distributed performance and availability management software used for monitoring and management of web application performance, database monitoring, server performance, mobile application performance, and mainframe application performance.
Technavio highlights four factors contributing to the growth of the performance and availability management market:
■ Rising demand for cloud-based APM software
■ Increased need to enhance business productivity
■ Greater need for visibility into business processes
■ Reduced operational costs of distributed performance and availability management software
Cloud systems allow companies to use software on a pay-per-use basis and are cost effective, according to the report. Low maintenance costs, less dependency on internal IT personnel, limited hardware infrastructure, easier and faster implementation of IT solutions, and no licensing costs are factors that drive the adoption of cloud software. These factors allow businesses to concentrate on developing core competencies. Although some benefits are provided in the cloud infrastructure, there are some concerns that arise in terms of performance because servers, storage, applications, and services are accessed through a common network.
“As enterprises move enterprise applications to the cloud, the need for managing and monitoring the performance of applications across a distributed computing environment becomes important. As a result, the demand for cloud-based APM software is increasing,” says Amrita Choudhury, a Lead Analyst at Technavio for enterprise application.