Digital Experience Monitoring Market is expected to reach US$ 5,960.87 million by 2028

Adoption of AI and IoT in Fintech Business to Provide Opportunities for Digital Experience Monitoring Market during 2022–2028

According to our new research study on "Digital Experience Monitoring Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Enterprise Size, Deployment Type, and End User," the market is projected to reach US$ 5,960.87 million by 2028 from US$ 2,156.71 million in 2021; market is estimated to grow at a CAGR of 15.9% from 2022 to 2028.

Digital experience monitoring (DEM) is a new technology that enterprises are looking at as a method to simplify user performance concerns while gaining insight into a range of networking technologies with a single solution. The progression of application performance monitoring (APM) and end-user experience monitoring (EUEM) into a holistic solution that assesses the efficacy of an enterprise's applications and services is DEM. DEM is a real-time monitoring solution that assists IT operations teams in promptly resolving user concerns while ensuring the network is not disturbed.

Experience monitoring is changing since digital end-user experience monitoring allows businesses to learn about real-time user experiences and make changes. Moreover, the rapid growth of cloud services is being driven in part by vast amounts of data generated by people and machines, sensors, and other Internet of things (IoT) devices, according to the Cisco Global Cloud Index (GCI), which forecasts growth of global data center and cloud-based IP traffic. People, machines, and things generated roughly 850 zettabytes (ZB) of data by 2021, up from 220 ZB in 2016. This data shows end-user data's implementation and importance, driving the digital experience monitoring market share.

Digital experience monitoring market analysis by enterprise size, the market is bifurcated into large enterprises and SMEs. Digital experience monitoring market analysis by deployment type, the market is bifurcated into on-premises and cloud. The market, by end user, is segmented into BFSI, IT and telecommunications, retail and consumer goods, healthcare and life sciences, and others. The market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

Impact of COVID-19 Pandemic on Digital Experience Monitoring Market

The COVID-19 pandemic impacted all aspects of society, including individuals and corporations. The internet ecosystem has become increasingly important across the world. The reliance on online enterprises has expanded dramatically due to the COVID-19 outbreak. Internet is used by various industries, such as BFSI, healthcare & life sciences, manufacturing, retail, and transportation & logistics, to provide critical services to consumers. Hence, the demand for a digital experience tool has surged among vendors. Various governments and regulatory agencies have forced public and private organizations to accept new teleworking techniques and follow social distancing norms due to the COVID-19 pandemic. Since then, the practices of digital business and the use of emails on home servers have become the new business continuity plan (BCP) for a variety of enterprises. With the increased usage of mobile devices and internet penetration worldwide, the COVID-19 pandemic positively impacted the digital experience monitoring market growth.

BMC Software, Inc.; Broadcom Inc.; AppDynamics LLC; Dynatrace LLC; IBM Corporation; ControlUp Technologies LTD; Lakeside Software, LLC; Aternity LLC; Nexthink SA; and Catchpoint Systems, inc. are among the leading players in the global digital experience monitoring market. Several other companies are functioning in the market and are contributing substantial revenues to propel the digital experience monitoring market growth.

Digital Experience Monitoring Market – by Geography

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Digital Experience Monitoring Market Size & Trends Report 2028

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Digital Experience Monitoring Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Enterprise Size (Large Enterprises and SMEs), Deployment Type (On-Premises and Cloud), and End-User (BFSI, IT and Telecommunications, Retail and Consumer Goods, Healthcare and Life Sciences, and Others)