North America Digital Experience Monitoring Market Forecast to 2028 - COVID-19 Impact and Regional 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)
The North America digital experience monitoring market is expected to grow from US$ 975.45 million in 2022 to US$ 2,390.31 million by 2028; it is estimated to grow at a CAGR of 16.1% from 2022 to 2028.
The customer feedback system critical to any functional and profitable industry has been enhanced due to technology improvements. For example, companies are implementing an online feedback system using cutting-edge customer relationship management (CRM) tools. As a result, client input directly aids in making real-time modifications and updating the company’s software to conduct a real-time assessment of the quality and adjust or change as needed. Any company experiencing a digital transition must implement experience monitoring systems. Streamlining the digital procedures involved in running a company lays a strong basis for future system changes or ongoing innovation. The rise in the adoption of technologies such as the Internet of things (IoT), artificial intelligence (AI), and big data across various industries fuels market expansion, and it aids businesses in resolving issues and improving IT decisions concerning device and application performance. From smartwatches to voice assistants, IoT gadgets are changing the way we work, communicate, and interact with one another. Consumer internet and media devices, such as smartphones, automobiles, IT infrastructure, and asset tracking and monitoring, are the most important IoT devices in the consumer market. End-user adoption of smart devices is a major driver of end-user digital experience monitoring, which will boost the demand for digital experience monitoring solutions.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America digital experience monitoring market at a notable CAGR during the forecast period.
North America Digital Experience Monitoring Market Revenue and Forecast to 2028 (US$ Million)
North America Digital Experience Monitoring Market Segmentation
The North America digital experience monitoring market is segmented into enterprise size, deployment type, end user, and country. Based on enterprise size, the North America digital experience monitoring market is divided into large enterprises and SMEs. The large enterprises dominated the market in 2022. Based on deployment type, the North America digital experience monitoring market is bifurcated into on-premises and cloud. The cloud segment dominated the market in 2022. Based on end user, the North America digital experience monitoring market is categorized into BFSI, IT and telecommunications, retail and consumer goods, healthcare and life sciences, and others. The retail and consumer goods segment dominated the market in 2022. Based on country, the North America digital experience monitoring market is segmented into the US, Canada, and Mexico. The US dominated the market in 2022.
AppDynamics LLC; BMC Software, Inc.; Broadcom Inc.; Catchpoint Systems, Inc.; Dynatrace LLC; IBM Corporation; Micro Focus; Oracle Corporation; Riverbed Technology, Inc.; SAP SE; ControlUp Technologies LTD; Lakeside Software, LLC; Aternity LLC.; and Nexthink SA by Altair are among the leading companies in the North America digital experience monitoring market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America digital experience monitoring market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America digital experience monitoring market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America digital experience monitoring market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook