target audience: TECH SUPPLIER Publication date: Feb 2024 - Document type: Market Share - Doc Document number: # US51814023
Worldwide Application Performance Monitoring Software Market Shares, 2022: Solid Growth Underscores Value of Software in the Enterprise
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Abstract
This IDC study provides insight into the worldwide application performance monitoring (APM) software market for 2022, including total revenue, top vendor market share, and growth rates. The study also includes vendor revenue for 2021.
“APM continues to be a very competitive market, with the top four vendors each representing double-digit market share and six vendors combined making up more than 70% of the market,” said Nancy Gohring, research director, Enterprise System Management, Observability, and AIOps at IDC. “The continued growth of software used in the enterprise combined with the observability platform trend and OpenTelemetry support will drive ongoing adoption in this segment.”