An Insight on Application Performance Management and its Importance
Application Performance Management (APM) is an important concept in the field of Information Technology and Systems Management. It is considered as the management and monitoring of performance as well as the availability of various software applications. The market of APM was valued US $4.629 billion in the year 2017 and it is estimated that it will reach to US $8.773 by the year 2023. During this period, it will show a CAGR of approx 11.25 %. Increasing demand for mobile and cloud computing and storage is driving the need for Application Performance Management (APM) globally. Here it should be stressed that due to complex applications designs as well as lack of awareness, the market growth during the above mentioned period will be restrained. Based on the trend of keeping the healthcare records of patients, the healthcare industry will lead to a boost in the demand for APM or application performance management. Rising demand for big data analytics is further propel...