BANGALORE, India, Nov. 28, 2024 /PRNewswire/ — Application Performance Management (APM) Market is Segmented by Type (Web APM, Mobile APM), by Application (BFSI, Manufacturing, Government, Healthcare, Retail, IT and Telecom, Logistics, Media and Entertainment, Education): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Application Performance Management (APM) Market was estimated to be worth USD 4001.3 Million in 2023 and is forecast to a readjusted size of USD 6539 Million by 2030 with a CAGR of 6.8% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Application Performance Management (APM) Market

The APM market is experiencing robust growth, driven by increasing demand for real-time monitoring, the adoption of cloud-based applications, and the rise of mobile-first digital strategies. Key factors include the expansion of digital transformation initiatives, the complexity of IT environments, and the emphasis on user experience. As businesses prioritize performance optimization and operational resilience, the APM market is poised for sustained growth, catering to diverse industry needs across the globe.

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TRENDS INFLUENCING THE GROWTH OF THE APPLICATION PERFORMANCE MANAGEMENT MARKET:

Web Application Performance Management (APM) is a significant growth driver in the APM market, as businesses increasingly rely on web applications for customer interactions and operations. Web APM tools provide critical insights into application performance, including metrics such as load time, response rate, and user engagement. The growing emphasis on delivering seamless user experiences has driven organizations to adopt Web APM solutions to identify bottlenecks and ensure optimal application functionality. Sectors such as e-commerce, healthcare, and education are witnessing a surge in web traffic, making performance management crucial to maintaining operational efficiency and customer satisfaction. Additionally, Web APM enables businesses to proactively address potential issues, minimizing downtime and improving service reliability. With the rise of cloud-based and hybrid web applications, the demand for robust Web APM solutions continues to grow, positioning them as a cornerstone of the overall APM market.

Mobile Application Performance Management (APM) is a key driver of the APM market, reflecting the global shift toward mobile-first digital strategies. Mobile APM tools monitor application performance on smartphones, tablets, and other mobile devices, ensuring optimal functionality and user satisfaction. As mobile applications play an integral role in industries like retail, banking, and gaming, their performance directly impacts customer engagement and retention. Mobile APM enables businesses to identify and resolve issues such as slow load times, crashes, and connectivity problems, enhancing app reliability. The proliferation of mobile commerce and mobile banking has further accelerated the adoption of Mobile APM solutions, as these industries prioritize seamless user experiences. Moreover, the rise of 5G networks and advanced mobile technologies has heightened the need for real-time monitoring and analytics, driving the growth of Mobile APM tools and contributing significantly to the overall APM market expansion.

The Banking, Financial Services, and Insurance (BFSI) sector is a major growth driver for the APM market due to its reliance on high-performance applications for transactions, customer interactions, and compliance. APM tools are critical for monitoring and optimizing the performance of digital banking platforms, mobile banking apps, and trading systems, ensuring uninterrupted service delivery. The BFSI industry’s focus on enhancing user experiences and maintaining data security has driven the adoption of APM solutions to identify vulnerabilities and improve application efficiency. Additionally, regulatory requirements mandate robust application monitoring to ensure compliance and minimize risks associated with downtime or performance issues. The growing adoption of fintech solutions and digital transformation initiatives in BFSI has further increased the demand for APM tools, as organizations seek to maintain competitive advantage and operational resilience. As financial institutions continue to prioritize innovation and customer satisfaction, APM adoption in the BFSI sector is expected to rise steadily.

The growing emphasis on user experience is a primary driver of the APM market, as businesses strive to deliver seamless digital interactions. Poor application performance directly impacts customer satisfaction, retention, and brand reputation, prompting organizations to invest in APM solutions. These tools enable businesses to monitor real-time performance, identify bottlenecks, and resolve issues proactively. Industries such as e-commerce, gaming, and healthcare are particularly reliant on high-performance applications, making APM critical to their operations. As customer expectations for fast and reliable applications increase, the demand for robust APM tools is expected to grow.

Digital transformation initiatives across industries have accelerated the adoption of APM tools. Organizations are leveraging digital technologies to enhance efficiency, innovation, and customer engagement, making application performance critical to achieving these goals. APM solutions support digital transformation by providing actionable insights into application health, enabling businesses to optimize their digital ecosystems. As companies prioritize modernization and agility, the demand for APM tools is poised to grow, supporting the overall market expansion.

The growing complexity of IT environments has made application performance management essential for maintaining operational efficiency. Organizations are adopting microservices, containerization, and serverless architectures to enhance agility and scalability, increasing the need for comprehensive monitoring solutions. APM tools provide visibility into these complex infrastructures, ensuring seamless integration and performance optimization. As IT environments become more intricate, the demand for advanced APM solutions is expected to rise, driving market growth.

The need for real-time application monitoring has driven the adoption of APM tools, enabling businesses to identify and address performance issues before they impact users. Real-time insights are particularly critical in industries like banking, healthcare, and e-commerce, where downtime or slow performance can result in significant financial and reputational losses. APM solutions provide continuous monitoring and analytics, ensuring uninterrupted application functionality and user satisfaction. The increasing emphasis on proactive performance management supports the growth of the APM market.

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APPLICATION PERFORMANCE MANAGEMENT MARKET SHARE

The APM market demonstrates significant regional growth patterns, with North America leading due to advanced IT infrastructure, high cloud adoption rates, and strong demand from industries like BFSI and healthcare. Europe follows closely, driven by increasing digital transformation initiatives and regulatory compliance requirements.

 Asia-Pacific is the fastest-growing region, fueled by the rapid adoption of digital technologies, expanding e-commerce, and rising investments in IT infrastructure. Emerging regions such as Latin America and the Middle East are also witnessing growth as businesses in these areas embrace digitalization and cloud-based solutions. Each region’s unique characteristics contribute to the global expansion of the APM market.

Key Companies:

IBMHPCompuwareBroadcomBMC SoftwareAppDynamicsMicrosoftRiverbed TechnologyNew RelicDellDell Software

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Application Performance Monitoring (APM) Software Market was estimated to be worth USD 816 Million in 2023 and is forecast to a readjusted size of USD 1248.7 Million by 2030 with a CAGR of 7.5% during the forecast period 2024-2030.

–  APM Tools (Application Performance Monitoring Tools) Market

–  Performance Management System Software Market

–  Mobile Application Performance Monitoring (APM) Software market was valued at USD 2588.5 Million in 2022 and is anticipated to reach USD 3755.7 Million by 2029, witnessing a CAGR of 6.4% during the forecast period 2023-2029.

–  Application Monitoring Suites market was valued at USD 712 Million in 2023 and is anticipated to reach USD 1153.8 Million by 2030, witnessing a CAGR of 7.3% during the forecast period 2024-2030.

–  Web Application Performance Scanner Market

–  Network Monitoring Tools Market

–  Deep Packet Inspection (DPI) Market was estimated to be worth USD 5442.5 Million in 2023 and is forecast to a readjusted size of USD 26390 Million by 2030 with a CAGR of 25.0% during the forecast period 2024-2030

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市場分析

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The global immersive entertainment market is set for explosive growth, with projections indicating a surge to $519.77 Billion by 2031. This remarkable expansion, driven by widespread application of immersive technologies across entertainment industry.

NEW YORK, Nov. 28, 2024 /PRNewswire/ — According to a new comprehensive report from The Insight Partners, the “Immersive Entertainment Market Size and Forecast (2021 – 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component, Technology, End User, and Geography”, the market is observing significant growth owing to widespread application of immersive technologies across entertainment industry, increasing adoption of digital transformation model among organizations and growing spending on live events worldwide.

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The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the immersive entertainment market comprises a vast array of component, technology, end user and geography which are expected to register strength during the coming years.

Market Overview and Growth Trajectory:

Immersive Entertainment Market Growth: According to an exhaustive report by The Insight Partners, the Immersive Entertainment Market is experiencing significant growth, driven by rising demand for cloud computing. The market, valued at $87.51 Billion in 2023, is expected to grow at a Compound Annual Growth Rate (CAGR) of 24.9% during 2023–2031.

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Technological Innovations: Over the past few years, technological advancements have brought closer to completely realistic and immersive experiences in VR and immersive entertainment. The application of AI to improve VR and immersive entertainment capabilities has been one of the main forces behind this advancement. AI is the process of educating robots to analyze and interpret data to make predictions and judgments. It can take many different forms in the context of VR and immersive entertainment such as improving the realism of virtual settings or producing lifelike interactions between users and virtual items. The power of AI to create realistic and dynamic landscapes is one of the most significant ways technologies transform VR and immersive entertainment.

Widespread Application of Immersive Technologies Across Entertainment Industry: Immersive technologies, from virtual reality (VR) and augmented reality (AR) to mixed reality (MR) and extended reality (XR), offer new possibilities for the entertainment industry. The entertainment industry has seen a rise in the usage of immersive technology, which allows users to fully immerse themselves in virtual environments or engage in novel and fascinating interactions with fictitious characters and tales. In past years, VR systems were bulky and expensive, making them inaccessible to most consumers. Nonetheless, customers have been interested in immersive technology in recent years as VR headsets have become widely available and reasonably priced. People can now explore new worlds and play immersive video games in their living rooms. Companies such as Oculus, HTC Corporation, and Sony have provided VR experiences.

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Increasing Adoption of Digital Transformation Model Among Organizations: Organizations struggle to compete in a constantly changing and dynamic market. Hence, with digital transformation, businesses seek to boost their competitive advantage, enhance business performance, and achieve business growth. Digital transformation has become a new model for many organizations to gain competitive advantages in the intense and dynamic market competition. Over the years, business across various sectors has undergone substantial change, with digital technology being a major contributor to this evolution. Digital technology breakthroughs have transformed the way consumers produce and consume entertainment, changing the sector beyond recognition. By providing new and interesting ways to generate, distribute, and consume media material such as movies, TV shows, and music, creative techniques of generating and sharing have completely changed the entertainment industry.

Geographical Insights: North America dominated the immersive entertainment market in 2023; it would continue to dominate the market during the forecast period. Europe is the second-largest contributor to the global immersive entertainment market, followed by Asia Pacific.

Immersive Entertainment Market Segmentation, Applications, Geographical Insights:

Based on component, the immersive entertainment market is segmented into hardware and software & services. The hardware segment held a larger market share in 2023.

Based on technology, the immersive entertainment market is segmented into virtual reality, augmented reality, mixed reality, and others. The virtual reality segment dominated the market in 2023.

In terms of end user, the immersive entertainment market is segmented into media & entertainment, gaming, design & architecture, retail, education, and others. The media & entertainment segment dominated the market in 2023.

The immersive entertainment market is segmented into five major regions: North America, Europe, APAC, Middle East and Africa, and South and Central America.

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Key Players and Competitive Landscape:

The Immersive Entertainment Market is characterized by the presence of several major players, including:

Microsoft CorpQualcomm IncGoogle LLCSony Group CorpInfosys LtdHTC CorpSamsung Electronics Co LtdApple IncMagic Leap, IncSalesforce Inc

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

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Immersive Entertainment Market Recent Developments and Innovations:

“Microsoft Corp collaborated with Xbox on the ‘Power Your Dreams experience’. “The dream narration mixed with these powerful visuals really creates an immersive entertainment experience that takes fans into a world of imagination.” The Power Your Dreams immersive audio-visual experience at the Outernet offers a world where imagination meets reality and is curated by dream psychologist, Ian Wallace. Inspired by three Xbox titles — Starfield, Cyberpunk 2077: Phantom Liberty, and the as-yet-unreleased Senua’s Saga: Hellblade 2 — participants are taken on a journey through different worlds and encouraged to use their imagination to dream, explore, and create.”

“Qualcomm Inc announced the Snapdragon XR2+ Gen 2 Platform, a single-chip architecture that unlocks 4.3K spatial computing at 90 frames per second for breathtaking visual clarity across work and play. The Snapdragon XR2+ Gen 2 supports 4.3K per eye resolution and 12 or more concurrent cameras to deliver crisp, immersive mixed reality (MR) and virtual reality (VR) experiences.”

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Conclusion:

Over the past few years, the immersive entertainment market has seen a spectacular evolution that has attracted customers and artists. The immersive experience has been fueled by technological advancements such as virtual reality (VR) and augmented reality (AR), which have also expedited the entertainment industry’s rapid expansion. Technologies such as AR, MR and VR headsets, 3D displays, 3D audio, gesture recognition, spatial sensing, holograms, speech recognition, haptics, AI, drones, and cameras are becoming accessible, affordable, and valuable, which is encouraging their adoption in areas, including gaming, education, and entertainment. With technological advancements, science fiction will increasingly become a reality with realistic and complex immersive experiences that blur the boundaries between the virtual and physical worlds. Although immersive entertainment is still in the early stages, it is already starting to significantly impact the video game, movie, and music industries. In the coming years, it is anticipated to dramatically affect several different areas, including retail, healthcare, and education.

With projected growth to $519.77 Billion by 2031, the Immersive Entertainment Market represents a significant opportunity for raw material suppliers, hardware manufacturers, software developers, system integrators, investors, industry stakeholders, end users and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

Related Report Titles:

Immersive Virtual Reality Market Size and Forecasts (2021 – 2031)Immersive Technologies Market Size and Forecasts (2021 – 2031)Virtual Reality (VR) Market Analysis and Forecast by Size, Share, Growth, Trends 2031Augmented Reality and Virtual Reality Market Report 2031

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Canadians are willing to pay more to make their homes eco-friendly

TORONTO, Nov. 28, 2024 /CNW/ – As interest rates continue to decline, poll findings show that renovations serve both practical and personal purposes, with over three in five (63%) Canadians driven by ambition to create a home to their taste and a desire to increase property value.

Nearly half of Canadians (49%) are in the process of planning, executing or have recently completed home improvements. Homeowners are reporting higher expenditures, with an average expected renovation cost of $19,000 which is nearly double the reported spend in 2019 ($10,000). Over half (57%) have paid or plan to cover costs using cash or personal savings, with 49% having a detailed, budgeted plan in place and 80% expressing confidence in their budget, timeline and scope.

“Despite rising costs, Canadian homeowners are investing significantly in practical upgrades to their homes right now, with 60 per cent choosing to renovate instead of selling their homes,” says Carissa Lucreziano, Vice-President, Financial Planning and Advice, CIBC. “Our results show that a quarter of renovators are consulting, or expecting to consult with a financial advisor in advance of their project, to help them create a plan, a budget and also manage any unexpected costs along the way.”

Three quarters of Canadian renovators have reported making compromises to reach their desired renovation goals, including being inconvenienced, reduced leisure and family time, cutbacks in discretionary spending and incurring higher renovation costs. Over half (59%) of Canadians are willing to pay more for a renovation that makes their home more environmentally friendly, and 73% of Canadians who have completed renovations or are planning them in the coming year say they are interested in incorporating smart, sustainable and/or energy efficient technology.

Other key findings include:

Top five renovations undertaken by homeowners in the past 12 months:Small upgrades and renovations (painting, general repairs etc.): 46%Bathroom upgrades or additions: 39%Flooring upgrades: 32%Kitchen upgrades or remodels: 27%Basement finishing: 26%Around four in 10 (41%) renovators cite cosmetic reasons as the purpose of the renovation, followed by functionality (39%), address wear and tear (39%), and to increase the home value (27%).

CIBC has a variety of online tools and resources to help Canadians through the renovation and upgrading process:

CIBC’s loan and line of credit calculators are tools you can use to gauge how much you can borrow to put towards desired renovations.The CIBC Home Power Plan – using the equity in your home, you can combine a line of credit and a mortgage in order to consolidate all of your personal credit under one low-interest and secured borrowing solution, which can be adjusted to help fund your renovation project and meet your future borrowing needs.CIBC Smart Planner is an intuitive tool that gives you timely insights into your spending habits to help you track and understand your finances better so that you can stay on top of your goals. The CIBC Savings Calculator offers tips on how you can grow your savings, and reach your home renovation ambitions faster.

Disclaimer

The findings are from an Ipsos poll conducted between September 18 and September 25, 2024, on behalf of CIBC. For this survey, a sample of 1,500 Canadians aged 18+ were interviewed online. Sample was sourced from the Ipsos panel. Weighting was employed to balance demographics to ensure that the sample’s composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within ±3.1 percentage points, 19 times out of 20, had all Canadians been polled. The credibility interval will be wider among subsets of the population.

About CIBC

CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.

SOURCE CIBC