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Application Performance Management (APM) Market to Reach USD 6539 Million by 2030, Growing at a CAGR of 6.8% | Valuates Reports

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BANGALORE, India, Nov. 28, 2024 /PRNewswire/ — Application Performance Management (APM) Market is Segmented by Type (Web APM, Mobile APM), by Application (BFSI, Manufacturing, Government, Healthcare, Retail, IT and Telecom, Logistics, Media and Entertainment, Education): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Application Performance Management (APM) Market was estimated to be worth USD 4001.3 Million in 2023 and is forecast to a readjusted size of USD 6539 Million by 2030 with a CAGR of 6.8% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Application Performance Management (APM) Market

The APM market is experiencing robust growth, driven by increasing demand for real-time monitoring, the adoption of cloud-based applications, and the rise of mobile-first digital strategies. Key factors include the expansion of digital transformation initiatives, the complexity of IT environments, and the emphasis on user experience. As businesses prioritize performance optimization and operational resilience, the APM market is poised for sustained growth, catering to diverse industry needs across the globe.

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TRENDS INFLUENCING THE GROWTH OF THE APPLICATION PERFORMANCE MANAGEMENT MARKET:

Web Application Performance Management (APM) is a significant growth driver in the APM market, as businesses increasingly rely on web applications for customer interactions and operations. Web APM tools provide critical insights into application performance, including metrics such as load time, response rate, and user engagement. The growing emphasis on delivering seamless user experiences has driven organizations to adopt Web APM solutions to identify bottlenecks and ensure optimal application functionality. Sectors such as e-commerce, healthcare, and education are witnessing a surge in web traffic, making performance management crucial to maintaining operational efficiency and customer satisfaction. Additionally, Web APM enables businesses to proactively address potential issues, minimizing downtime and improving service reliability. With the rise of cloud-based and hybrid web applications, the demand for robust Web APM solutions continues to grow, positioning them as a cornerstone of the overall APM market.

Mobile Application Performance Management (APM) is a key driver of the APM market, reflecting the global shift toward mobile-first digital strategies. Mobile APM tools monitor application performance on smartphones, tablets, and other mobile devices, ensuring optimal functionality and user satisfaction. As mobile applications play an integral role in industries like retail, banking, and gaming, their performance directly impacts customer engagement and retention. Mobile APM enables businesses to identify and resolve issues such as slow load times, crashes, and connectivity problems, enhancing app reliability. The proliferation of mobile commerce and mobile banking has further accelerated the adoption of Mobile APM solutions, as these industries prioritize seamless user experiences. Moreover, the rise of 5G networks and advanced mobile technologies has heightened the need for real-time monitoring and analytics, driving the growth of Mobile APM tools and contributing significantly to the overall APM market expansion.

The Banking, Financial Services, and Insurance (BFSI) sector is a major growth driver for the APM market due to its reliance on high-performance applications for transactions, customer interactions, and compliance. APM tools are critical for monitoring and optimizing the performance of digital banking platforms, mobile banking apps, and trading systems, ensuring uninterrupted service delivery. The BFSI industry’s focus on enhancing user experiences and maintaining data security has driven the adoption of APM solutions to identify vulnerabilities and improve application efficiency. Additionally, regulatory requirements mandate robust application monitoring to ensure compliance and minimize risks associated with downtime or performance issues. The growing adoption of fintech solutions and digital transformation initiatives in BFSI has further increased the demand for APM tools, as organizations seek to maintain competitive advantage and operational resilience. As financial institutions continue to prioritize innovation and customer satisfaction, APM adoption in the BFSI sector is expected to rise steadily.

The growing emphasis on user experience is a primary driver of the APM market, as businesses strive to deliver seamless digital interactions. Poor application performance directly impacts customer satisfaction, retention, and brand reputation, prompting organizations to invest in APM solutions. These tools enable businesses to monitor real-time performance, identify bottlenecks, and resolve issues proactively. Industries such as e-commerce, gaming, and healthcare are particularly reliant on high-performance applications, making APM critical to their operations. As customer expectations for fast and reliable applications increase, the demand for robust APM tools is expected to grow.

Digital transformation initiatives across industries have accelerated the adoption of APM tools. Organizations are leveraging digital technologies to enhance efficiency, innovation, and customer engagement, making application performance critical to achieving these goals. APM solutions support digital transformation by providing actionable insights into application health, enabling businesses to optimize their digital ecosystems. As companies prioritize modernization and agility, the demand for APM tools is poised to grow, supporting the overall market expansion.

The growing complexity of IT environments has made application performance management essential for maintaining operational efficiency. Organizations are adopting microservices, containerization, and serverless architectures to enhance agility and scalability, increasing the need for comprehensive monitoring solutions. APM tools provide visibility into these complex infrastructures, ensuring seamless integration and performance optimization. As IT environments become more intricate, the demand for advanced APM solutions is expected to rise, driving market growth.

The need for real-time application monitoring has driven the adoption of APM tools, enabling businesses to identify and address performance issues before they impact users. Real-time insights are particularly critical in industries like banking, healthcare, and e-commerce, where downtime or slow performance can result in significant financial and reputational losses. APM solutions provide continuous monitoring and analytics, ensuring uninterrupted application functionality and user satisfaction. The increasing emphasis on proactive performance management supports the growth of the APM market.

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APPLICATION PERFORMANCE MANAGEMENT MARKET SHARE

The APM market demonstrates significant regional growth patterns, with North America leading due to advanced IT infrastructure, high cloud adoption rates, and strong demand from industries like BFSI and healthcare. Europe follows closely, driven by increasing digital transformation initiatives and regulatory compliance requirements.

 Asia-Pacific is the fastest-growing region, fueled by the rapid adoption of digital technologies, expanding e-commerce, and rising investments in IT infrastructure. Emerging regions such as Latin America and the Middle East are also witnessing growth as businesses in these areas embrace digitalization and cloud-based solutions. Each region’s unique characteristics contribute to the global expansion of the APM market.

Key Companies:

IBMHPCompuwareBroadcomBMC SoftwareAppDynamicsMicrosoftRiverbed TechnologyNew RelicDellDell Software

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Application Performance Monitoring (APM) Software Market was estimated to be worth USD 816 Million in 2023 and is forecast to a readjusted size of USD 1248.7 Million by 2030 with a CAGR of 7.5% during the forecast period 2024-2030.

–  APM Tools (Application Performance Monitoring Tools) Market

–  Performance Management System Software Market

–  Mobile Application Performance Monitoring (APM) Software market was valued at USD 2588.5 Million in 2022 and is anticipated to reach USD 3755.7 Million by 2029, witnessing a CAGR of 6.4% during the forecast period 2023-2029.

–  Application Monitoring Suites market was valued at USD 712 Million in 2023 and is anticipated to reach USD 1153.8 Million by 2030, witnessing a CAGR of 7.3% during the forecast period 2024-2030.

–  Web Application Performance Scanner Market

–  Network Monitoring Tools Market

–  Deep Packet Inspection (DPI) Market was estimated to be worth USD 5442.5 Million in 2023 and is forecast to a readjusted size of USD 26390 Million by 2030 with a CAGR of 25.0% during the forecast period 2024-2030

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Technology

QuickStart Acquires Career Development Solutions to Accelerate Growth in Government and Enterprise Businesses

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December 12, 2024

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QuickStart has acquired Career Development Solutions (CDS) to expand its IT training capabilities for government and enterprise clients. This partnership leverages CDS’s expertise in workforce development and QuickStart’s AI-powered learning platform to address critical IT skills gaps and support career advancement for individuals and employers.

AUSTIN, Texas, Dec. 12, 2024 /PRNewswire-PRWeb/ — QuickStart, a leader in online IT workforce development, is pleased to announce the acquisition of Career Development Solutions (CDS), a leading provider of IT training to government and enterprise clients.

CDS is a recognized leader in career readiness and workforce training, with extensive expertise in career transition support, employer partnerships, and government funding programs. The acquisition accelerates QuickStart’s already rapidly growing B2G business by adding significant relationships and business in Arizona, California, Nevada, and Utah. Additionally, the CDS team adds depth of B2B experience in helping employers upskill and reskill IT teams across a range of subject areas.

“This acquisition represents an incredible opportunity to combine the strengths of QuickStart and Career Development Solutions, enhancing our ability to deliver impactful training programs that ensure learners are prepared for today’s fast-evolving IT workforce,” said Bryan Kenna, CEO of QuickStart. “Together, we will rapidly expand the solutions we provide to individuals and government and enterprise partners.”

The acquisition enhances QuickStart’s dedication to providing training that addresses individual and employer needs. Leveraging a proprietary AI-powered learning platform, QuickStart develops highly targeted, skills-based career pathways and training plans to close critical digital skills gaps and provide exceptional outcomes for learners and employers.

Ryan Landry, President and Managing Director at Career Development Solutions, stated, “The acquisition of Career Development Solutions into the QuickStart family makes us, overnight, a tech-enabled workforce development ecosystem. We now handle everything from talent development to talent acquisition, providing solutions that truly lower customer costs. It’s an exciting time to be a business leader working with our tools and systems.”

For more information about QuickStart, visit https://www.quickstart.com/

To learn more about Career Development Solutions, visit www.careerdevelopmentsolutions.com

About QuickStart

QuickStart offers IT training for emerging and established professionals in the field. For over 35 years, QuickStart has partnered with IT experts and hiring managers to develop industry-aligned certificate courses and bootcamp training programs. Through online learning tailored to the latest developments in AWS (Amazon Web Services), Cisco, CompTIA, Microsoft Azure, and more, QuickStart empowers entry-level and experienced IT professionals with leading-edge skills for the workforce.

To best prepare students for professional success, QuickStart offers personalized learning plans and career support services, including resume building, coaching, and job search assistance. Students emerge ready to add value to their organizations, improve their earning power, and achieve their professional goals. Follow QuickStart on LinkedIn, Facebook, Instagram, and X.

About Career Development Solutions

Career Development Solutions offers career training programs to better your life. We give students new opportunities through globally recognized career training programs. We provide industry-leading certifications, training preparation, focused career paths, award-winning teachers, and the support you deserve.

Our career development programs match job training with industry-recognized stackable certifications built into our training programs. We create and deliver training programs that focus on in-demand sectors, including Information Technology and Manufacturing, along with closing the Technology Gap that is hindering individuals across our county from gaining employment. For more information, please visit the Career Development Solutions website or follow us on Facebook, LinkedIn, Instagram, and YouTube.

Media Contact

Imelda Wistey, QuickStart Learning, 1 (855) 800-8240, quickstart@quickstart.com, https://www.quickstart.com

View original content:https://www.prweb.com/releases/quickstart-acquires-career-development-solutions-to-accelerate-growth-in-government-and-enterprise-businesses-302329970.html

SOURCE QuickStart Learning

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ImageSource, Inc. Reinvigorates Executive Team

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21 minutes ago

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December 12, 2024

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ImageSource, Inc. Promotes Phong Hoang to Chief Product Officer

OLYMPIA, Wash., Dec. 12, 2024 /PRNewswire/ — ImageSource, Inc., the manufacturer of ILINX, the world’s most flexible process-improvement platform, is proud to announce the promotion of Phong Hoang to Chief Product Officer. Previously serving as Vice President of Software Development, Phong has been instrumental in shaping ILINX software into a premier enterprise process-improvement platform.

Since joining ImageSource in 2006, Phong has led the evolution of the platform through the ILINX software development lifecycle—including design, development, and testing—fostering a culture of innovation and technical excellence. Under his leadership, the ILINX platform has grown from its initial concept of point solution to fill third-party software gaps to a robust suite of software modules that drive efficiency and transformation for customers across industries.

“Phong’s vision and leadership have been pivotal to the evolution of ILINX as a flexible, scalable solution for modern business challenges,” said Terry Sutherland, CEO of ImageSource. “His ability to inspire and direct development teams has been key to our platform’s success and global adoption.”

Phong brings a wealth of technical expertise to his role, holding a Bachelor of Science in Computer Science from California State University, Long Beach. His background includes proficiency in C#/.NET, Java, C++, Web Service, and Windows Installer, as well as valuable industry experience at Kofax, Microsoft, and Pierce County before joining ImageSource.

As Chief Product Officer, Phong will continue to guide the future of the ILINX platform, ensuring its capabilities align with emerging market needs and deliver transformative outcomes for ImageSource customer-partners.

About ImageSource
ImageSource, Inc. makes process innovation easy with advanced solutions built on ILINX®, the world’s most flexible process-improvement platform, delivered by a team of experts committed to customer-partner success. Leveraging proven technology and deep implementation expertise, ImageSource empowers leading enterprises and government organizations to reduce risk, modernize operations, unlock revenue, and transform the customer experience. For more information, visit www.imagesourceinc.com, or call (360) 943-9273.

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SOURCE ImageSource, Inc.

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Technology

VANTIS VASCULAR CLOSES $10M IN SERIES B-1 PREFERRED FINANCING

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21 minutes ago

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December 12, 2024

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Funds will be used to initiate US commercialization of its CrossFAST™ Integrated Microcatheter Advanced Delivery System

SAN JOSE, Calif., Dec. 12, 2024 /PRNewswire/ — Vantis Vascular, Inc., a pioneering medical technology company founded by physicians with a passion to revolutionize vascular interventions, today announced the successful closing of $10 million Series B-1 preferred financing, following a raise of $30 million to date from high-net-worth individuals and National Institute of Health grants.

The CrossFAST Advanced Delivery System is commercially available in the US as part of a limited market release.

“We are proud to have the ongoing support of a strong group of investors who share our vision of transforming how complex interventional procedures are performed,” said Jason Turner, Chief Executive Officer at Vantis Vascular. “This funding is a critical milestone for Vantis and will allow us to continue our ongoing product development efforts, expand our team and initiate US commercialization of the CrossFAST Advanced Delivery System for complex high-risk PCI procedures.”

The CrossFAST System is the first and only dual monorail microcatheter advanced delivery system purpose-built for complex coronary and peripheral interventions. Unlike guide extension catheters, which have limited ability to reach targeted areas in high-risk PCIs and demonstrated risk of vessel trauma and damage to previously placed stents, the CrossFAST Advanced Delivery System incorporates an integrated microcatheter with a seamless transition to lower the risk of these adverse events during catheter delivery. The CrossFAST System is powered by DuoPRO™ Interlocking Technology, a novel mechanism coupling the microcatheter to the outer delivery catheter, allowing the system to be advanced as one unit for enhanced pushability and efficient navigation, a significant limitation of guide extension catheters, especially in complex high-risk procedures.

“With the completion of this financing, we plan to initiate the limited market release of the CrossFAST System in the United States,” commented Gary McCord, Chief Commercial Officer at Vantis Vascular. “We are confident that CrossFAST can safely navigate calcified and tortuous anatomy with ease, empowering physicians to deliver life-saving therapies to patients more effectively than ever before.”

The CrossFAST Integrated Microcatheter Advanced Delivery System is commercially available in the United States as part of a limited market release. Full market release is planned in 2025.

About Vantis Vascular:

Vantis Vascular, Inc. is a medical technology company dedicated to revolutionizing vascular interventions. Founded by physicians, Vantis develops performance-driven technologies that aim to provide faster, safer and more effective treatments. With a focus on innovation and patient-centric solutions, Vantis is committed to advancing the field of interventional cardiology and improving patient outcomes worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vantis-vascular-closes-10m-in-series-b-1-preferred-financing-302330527.html

SOURCE Vantis Vascular, Inc.

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