According to MarkNtel Advisors, the Global Error Monitoring Software Market is set to record around 12.4% CAGR during 2023-28, owing mainly to significant investments in testing processes, the ever-growing utilization of cloud technologies, and the mounting adoption of automation in organizations. In addition, the increasing instances of data breaches & cyberattacks in industries like BFSI, retail, & healthcare, coupled with the incorporation of Big Data, AI (Artificial Intelligence) & ML (Machine Learning) into error monitoring software, are other prominent aspects projected to drive the market through 2028.
Moreover, the rising importance of in-depth monitoring of the entire cloud infrastructure through different integrations to deliver error-free apps in a short amount of time, coupled with ever-increasing demands for software testing automation owing to the mounting use of Agile & DevOps methodologies, are other prominent aspects expected to boost the error monitoring software market in the coming years.
E-Commerce Sector to Generate Significant Profits for the Error Monitoring Software Market
The e-commerce sector is dramatically expanding worldwide, owing to which organizations participating in the industry are observing a rapidly increasing number of users, i.e., putting a lot of burden on server accessibility. Thus, companies are substantially investing in solutions like error monitoring software in order to ensure improved customer experience, effectively managed operations, and reduced support costs by identifying issues & escalating them directly to their developers for a prompt resolution. Hence, these aspects are driving the market across the e-commerce sector.
Massive Demand for Error Monitoring Software across North America
Increasing spending on the IT sector, remarkable innovations in digital technologies, the ever-growing use of cloud services, and the early adoption of advanced technologies are driving the North America Error Monitoring Software Market. Moreover, the rapidly increasing number of mobile & web apps, the mounting presence of renowned IT companies, and ever-increased spending on software testing are other prominent factors amplifying the demand for error monitoring solutions and, in turn, stimulating the regional market growth.
The key companies in the Global Error Monitoring Software Market include IBM, Sentry, SmartBear Software, Rollbar Inc., Zoho Corporation Pvt. Ltd., Jet Brains, Axosoft, Airbrake, Google LLC, Honeybadger Industries LLC, Inflectra Corporation, Raygun Limited, TrackJS LLC, Errorception, and Nulab.
Key Questions Answered in the Research Report: