The end user experience monitoring (euem) global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
End User Experience Monitoring (EUEM) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The end user experience monitoring (EUEM) market size has grown exponentially in recent years. It will grow from $2.86 billion in 2023 to $3.46 billion in 2024 at a compound annual growth rate (CAGR) of 20.9%. The growth in the historic period can be attributed to the emergence of advanced analytics and AI-driven solutions, expansion of digital and mobile channels, rapid urbanization, and a growing number of agents to provide better end-user experience.
The end user experience monitoring (EUEM) market size is expected to see exponential growth in the next few years. It will grow to $7.41 billion in 2028 at a compound annual growth rate (CAGR) of 21.0%. The growth in the forecast period can be attributed to growing focus on improving customer experience, rising demand for monitoring devices and applications, the fast shift to remote work, digital transformation and user-centric focus, growing focus on improving customer experience. Major trends in the forecast period include a rise in investment in advanced technology across industries, the aggregate of artificial intelligence and ML into EUEM devices, and product innovations.
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Scope Of End User Experience Monitoring (EUEM) Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
End User Experience Monitoring (EUEM) Market Overview
Market Drivers –
The shift towards remote work is expected to propel the growth of the user experience monitoring (EUEM) market going forward. Remote work refers to a work setup where employees carry out their tasks outside of a conventional office setting, frequently from home or another preferred location. The fast shift to remote work is due to fewer interruptions and distractions, flexible schedules, reduced commute time, and reduced overhead costs. User experience monitoring in remote work ensures seamless performance and productivity by tracking and analyzing employee interactions with digital tools. For instance, in February 2023, according to the Office for National Statistics, a UK-based non-ministerial department, between April 27 and May 8, 2022, when the recommendation to work from home was lifted in Great Britain, approximately 38% of employed adults stated that they had worked remotely. In the latest period, from January 25 to February 5, 2023, about 40% of working adults mentioned having worked from home at least once in the past seven days. Therefore, the shift towards remote work drives the user experience monitoring (EUEM) market.
Market Trends –
Major companies operating in the user experience monitoring (EUEM) market are developing innovative solutions, such as enterprise solutions, to proactively monitor, diagnose, and report end-user experience issues across IT infrastructures, ensuring optimal performance and user satisfaction. The enterprise solution is a robust platform for monitoring and managing the user experience. For instance, in March 2023, eG Innovations Inc., a US-based provider of user experience monitoring solutions, launched its latest flagship product, eG Enterprise v7.2. This new version is designed to be a complete observability solution for modern IT technologies, with enhanced monitoring capabilities for digital workspaces, web applications, cloud environments, and enterprise or SaaS applications. The release includes several architectural improvements, such as the ability to push agents from a central location, a new incident management panel, and enhanced remote control action permissions.
The end user experience monitoring (EUEM) market covered in this report is segmented –
1) By Component: Product, Services
2) By Deployment Model: Cloud, On-Premise
3) By Organizational Size: Small And Medium-Sized Enterprise (SMEs), Large Enterprises
4) By Access Type: Web, Mobile
5) By Vertical: Banking, Financial Services, And Insurance, Information Technology (IT) And Telecommunications, Government And Public Sector, Retail And Consumer Goods, Healthcare And Life Sciences, Other Verticals
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Regional Insights –
North America was the largest region in the end user experience monitoring (EUEM) market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the end user experience monitoring (EUEM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the end user experience monitoring (EUEM) market are International Business Machines Corporation, Oracle Corporation, Broadcom Inc., SAP SE, Lumen Technologies Inc., Splunk Inc., BMC Software Inc., Micro Focus International, Datadog Inc., Dynatrace LLC, New Relic Inc., Riverbed Holdings Inc., AppDynamics Inc., Nexthink SA, SmartBear Software Inc., Catchpoint Systems Inc., Lakeside Software LLC, eG Innovations Inc., Aternity LLC, Instana Inc., AppNeta, CA Technologies, Stackify LLC
Table of Contents
1. Executive Summary
2. End User Experience Monitoring (EUEM) Market Report Structure
3. End User Experience Monitoring (EUEM) Market Trends And Strategies
4. End User Experience Monitoring (EUEM) Market – Macro Economic Scenario
5. End User Experience Monitoring (EUEM) Market Size And Growth
…..
27. End User Experience Monitoring (EUEM) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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