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End User Experience Monitoring (EUEM) Market By Component (Products, Services), By Access Type (Web, Mobile), By Deployment Type (On-premises, Cloud), By Organizational Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), By Vertical (Banking, Financial Services and Insurance (BFSI),


Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

End User Experience Monitoring (EUEM) Market By Component (Products, Services), By Access Type (Web, Mobile), By Deployment Type (On-premises, Cloud), By Organizational Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), By Vertical (Banking, Financial Services and Insurance (BFSI),

End User Experience Monitoring (EUEM) Market Valuation – 2024-2031

Enabling businesses to identify and address performance issues quickly, leading to improved user engagement, conversion rates, and ultimately, increased ROI propels the demand for end-user experience monitoring (EUEM) systems. Thus, the focus on improving operational activities is estimated to reach a valuation of USD 15.31 Billion over the forecast by subjugating the revenue of USD 3.51 Billion valued in 2023.

The integration of the current solution with the current IT infrastructure will allow seamless centralized data analysis and faster workflows, driving the use and enabling the end-user experience monitoring market to grow at a CAGR of 20.2% from 2024 to 2031.

End User Experience Monitoring (EUEM) MarketDefinition/ Overview

End User Experience Monitoring (EUEM) is a method of recording and assessing end users’ interactions and satisfaction with a particular computer program, website, or system. It comprises measuring and evaluating numerous performance parameters, including reaction times, usability, and reliability, to provide a seamless and good experience for the end user.

Furthermore, end-user experience monitoring has important applications in the field of information technology, helping enterprises acquire insights into how end users interact with digital systems. An easy end-user experience immediately influences consumer loyalty and business performance, which makes such a proactive approach especially important for e-commerce platforms, online services, and enterprise applications.

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How will Demand for Non-interruptive Performance Play for End User Experience Monitoring (EUEM) Market?

Rapid digital transformation is insisting various businesses become more reliant on digital platforms to widen its range of applications. In addition to this, the growing demand for seamless and high-performing experiences among users is found to rise concurrently. In response to these, end-user experience monitoring plays an important role in proactively identifying and addressing issues and driving the market.

Modern IT ecosystems often include complicated structures, such as hybrid and multi-cloud deployments offering difficulty in monitoring performance and isolating user experience issues. Thereby, spurring the demand for end-user experience monitoring tools to provide complete insights across the entire digital delivery chain.

Beyond the abovementioned aspects, mobile app performance monitoring and user experience insights are given top priority by end-user experience monitoring (EUEM) suppliers. This strategic focus caters to the growing trend of a mobile-first world bolstering the demand for end-user experience monitoring (EUEM) market.

What Are The Primary Obstacles In Implementing Effective End User Experience Monitoring Solutions?

Many companies, especially smaller enterprises, struggle to understand the value of proactive user experience monitoring. The failure to realize its potential impact on crucial company key performance indicators like conversions and customer happiness hinders widespread adoption of end-user experience monitoring (EUEM) systems.

Implementing a complete end-user experience monitoring (EUEM) solution faces a significant upfront cost, which is especially challenging for startups with limited funds further presenting a significant hurdle in the growth of the market.

Furthermore, in big and advanced IT infrastructures in particular, integrating and implementing end-user experience monitoring (EUEM) solutions prove difficult. As a result, technical skills and resources become necessary adding to the complexity of ensuring seamless deployment posing a challenge in the market,

Category-Wise Acumens

Will Product Segment Sprout Success For The End User Experience Monitoring (EUEM) Market?

According to Analysis, the product segment is estimated to hold the largest share of the market during the forecast period. Increased demand for self-service solutions, cost-effectiveness, and integration of AI-powered analytics are the key factors driving this segment to dominance.

Businesses are increasingly preferring self-service solutions in the end-user experience monitoring (EUEM) domain. The attractiveness stems from the accessibility and ease of installation that these tools provide, allowing enterprises to manage their monitoring procedures autonomously fostering the product segment to grow in the market.

Furthermore, compared to services, products are a more cost-effective option, which is especially useful for smaller firms with restricted funds. The elimination of continuous service fees and the reduction of the need for considerable personnel engagement contribute toward lowering the prices of EUEM products, making them a compelling competitive segment in the market.

What Factors Contribute To The Cloud Segment’s Popularity In The End-user Experience Monitoring (EUEM) Market?

The cloud segment is estimated to dominate the End User Experience Monitoring (EUEM) Market during the forecast period owing to automatic updates and maintenance, faster access to advanced features, and lower initial costs. Flexibility, scalability, enhanced collaboration, and accessibility are also significant factors serving the dominant position of the cloud segment in end-user experience monitoring.

The continuous improvements incorporated by cloud suppliers in their models and platforms include cutting-edge features and functionality. As a result, cloud users benefit from faster access to advanced features than on-premise solutions, and driving this segment in the end-user experience monitoring (EUEM) market.

Furthermore, cloud solutions enable seamless deployment and remote access, making them a perfect platform for enterprises of all sizes with enhanced adaptability to the changing IT requirements. This ability to increase resources based on demand guarantees peak performance and adaptability to changing user monitoring needs propelling the market to move forward.

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Country/Region-wise Acumens

What will the Impact of Mature IT Infrastructure have on the Global End-user Experience Monitoring (EUEM) Market?

The maturing IT infrastructure with the adoption of cloud computing, artificial intelligence, machine learning, network connectivity, and other advanced technologies are likely to unlock new doors of opportunities for the End User Experience Monitoring (EUEM) Market. Also, the growing competitiveness among the key players and strong venture capital will drive the market in the coming years.

Growing demand for innovative and cutting-edge solutions to enhance system performance and product quality as per the customer needs is bolstering the demand for the current solution.

The foundation for the smooth integration of these state-of-the-art tools is provided by established systems. Thus, the application of scalable and affordable EUEM systems is significantly accelerating in areas with high cloud service penetration. This combination of mature IT infrastructure and cloud adoption capacitates North America to hold a major share in the global End User Experience Monitoring (EUEM) Market.

Furthermore, the presence of multiple established global EUEM providers, such as Dynatrace, Cisco AppDynamics, and New Relic, along with active venture capital investments, fosters the development of new companies and specialist solutions, resulting in intense rivalry and innovation in North America. These factors are enabling North America to hold its dominant position in the global EUEM market.

How will Compliance with Regional Regulations Shape the EUEM market in Europe?

The European region is estimated to grow at the highest CAGR in the End User Experience Monitoring (EUEM) Market during the forecast period. This substantial growth is attributable to a focus on the growing demand for cost-effective and value-driven solutions as per the customer and industry-specific needs. In addition to this, the necessity to comply with regional regulations and ensure data privacy plays a pivotal role in shaping the trajectory of growth in Europe.

European firms are emphasizing marketing low-cost end-user experience monitoring (EUEM) solutions with a good return on investment (ROI) and clear commercial value propositions. As a result, open-source EUEM and hybrid deployments are becoming popular to balance affordability and flexibility with cloud-based solutions in this region.

Furthermore, stricter data privacy rules, such as GDPR, create demand for EUEM solutions that prioritize user data protection and transparency while also providing powerful security features and data governance capabilities. This is expected to encourage the use of EUEM for proactive monitoring and prevention of data breaches in Europe.

Competitive Landscape

The competitive landscape of the End User Experience Monitoring (EUEM) Market is dynamic and ever-changing, with new competitors appearing all the time. Offering unique and differentiated solutions, meeting specific customer demands, and delivering exceptional customer support are all critical success elements.

Some of the prominent players operating in the End User Experience Monitoring (EUEM) Market include

Dynatrace, Cisco AppDynamics, Upland One, LogicMonitor, New Relic, Catchpoint, Pingdom, Datadog, Splunk, Applitools, ThousandEyes, WebPageTest, LoadView, Keynote, Gomez, RUMify, Riverbed SteelCentral, Thousand Islands, Akamai mPulse, PingMeter.

Latest Developments

  • In January 2024, Dynatrace acquires Qosmos, a leader in network performance monitoring, to enhance its full-stack monitoring capabilities and provide deeper insights into user experience throughout the whole digital delivery pipeline.
  • In December 2023, Upland One announced a partnership with Google Cloud to deliver its digital experience monitoring tools on the Google Cloud Platform, broadening its reach and accessibility for enterprises.
  • In November 2023, Catchpoint announced the addition of AI-powered anomaly detection into their RUM solution, allowing for early detection and resolution of user experience issues.
  • In November 2023, ThousandEyes introduced network performance insights, allowing organizations greater visibility into how network issues affect user experience across several locations and networks.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2018-2031

Growth Rate

CAGR of ~20.2% from 2024 to 2031

Base Year for Valuation

2023

HISTORICAL PERIOD

2018-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Component
  • Access Type
  • Deployment type
  • Organizational Size
  • Vertical
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Dynatrace, Cisco AppDynamics, Upland One, LogicMonitor, New Relic, Catchpoint, Pingdom, Datadog, Splunk, Applitools, ThousandEyes.

Customization

Report customization along with purchase available upon request

End User Experience Monitoring (EUEM) Market, By Category

Component

  • Products
  • Synthetic Monitoring
  • Real User Monitoring
  • Others
  • Services
  • Professional Services
  • Managed Services

Access Type

  • Web
  • Mobile

Deployment Type

  • On-premises
  • Cloud

Organizational Size

  • Small and Medium-sized Enterprise (SMEs)
  • Large Enterprises

Vertical

  • Banking, Financial Services, and Insurance
  • IT and Telecommunications
  • Government and Public Sector
  • Retail and Consumer Goods
  • Healthcare and Life Sciences
  • Others

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• The competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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Table of Content

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