End User Experience Monitoring Market Worth $3.7 Billion by 2023 - Exclusive Report by MarketsandMarkets
CHICAGO, January 22, 2019 /PRNewswire/ --
According to a new market research report "End User Experience Monitoring Market by Component (Products and Services), Access Type (Web and Mobile), Deployment Type, Organization Size, Vertical (BFSI, IT and Telecommunications, and Government and Public Sector), and Region - Global Forecast to 2023", published by MarketsandMarkets, the global EUEM market size is expected to grow from USD 1.5 billion in 2018 to USD 3.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 20.7% during the forecast period.
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The growing number of agents to provide better end user experience, increasing need to measure business impact of end user experience, and changing end user expectations are major growth factors for the EUEM market.
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71 - Tables
27 - Figures
141 - Pages
EUEM product's built-in user experience metrics and actionable insights to proactively alert enterprises of all client-side issues
Enterprises across verticals make use of EUEM products for achieving faster problem diagnosis and reproduction, in turn ensuring enhanced website experience for customers. These products help in measuring business service impact from the user experience perspective along with monitoring how customers interact with websites and applications in real time. The EUEM products provide built-in user experience metrics and actionable insights to proactively alert enterprises of all client-side issues. Two approaches are followed while monitoring end user experience, namely, synthetic monitoring and real user monitoring.
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Growing need for attaining operational efficiency to drive web-based EUEM segment
EUEM of web applications is aimed towards gathering metrics that can be used in improving the functionality and end user experience of the web app. Some of the metrics that are monitored include web requests and transactions, application dependencies, server monitoring, code-level performance, and log data. Monitoring web requests and transactions make it possible to identify and isolate slow incidents. All this data obtained from monitoring the various metrics is used in providing a better end user experience.