Global Error Monitoring Software Market Research Report: Forecast (2023-2028)

Name: Global Error Monitoring Software Market Research Report: Forecast (2023-2028)
Creator: MarkNtel Advisors
License: https://www.marknteladvisors.com/privacy-policy

By Platform (Windows, Android, iOS), By Deployment (Cloud, On-Premise), By Solution (Web, Mobile, Server-Side), By Enterprise Size (Large Enterprise, Small & Medium Enterprise), By... Industry (Business & Consumer Application, E-Commerce, Financial Services, Gaming, Health Technology, Media & Entertainment, Public Utilities, Government, Automotive), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Company (IBM, Functional Software, Inc. (Sentry), SmartBear Software (BugSnag), Rollbar Inc., Zoho Corporation Pvt. Ltd. (Datadog), Jet Brains, Axosoft, Airbrake, Google LLC (Firebase Crashlytics), Honeybadger Industries LLC, Inflectra Corporation, Raygun Limited, TrackJS LLC, Errorception, Nulab (backlog), Others) Read more

ICT & Electronics
Feb 2023
Pages 189
Report Format: PDF, Excel, PPT

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Market Definition

Error tracking software is used for mitigating errors, defects, & faults in an application. These solutions that capture, report, & manage data on bugs, which can or have occurred in a program, are used most commonly by assessment teams of an organization to identify & report errors during application development & testing.

Market Insights & Analysis: Global Error Monitoring Software Market (2023-28)

The Global Error Monitoring Software Market is expected to grow at a CAGR of around 12.4% during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the ever-increasing use of cloud-based technologies, massive investments in testing processes, and the mounting adoption of automation in software development. Besides, the increasing integration of Big Data, AI (Artificial Intelligence) & ML (Machine Learning) into error monitoring software and the rising instances of data breaches & cyberattacks across different industries like BFSI, retail, & healthcare, among others, are other prominent aspects projected to drive the market through 2028.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	12.4%
Regions Covered	North America: US, Canada, Mexico
	Europe: Germany, The UK, France, Russia, Spain, Italy, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Rest of Asia-Pacific
	South America: Brazil, Argentina, Rest of South America
	Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled	IBM, Functional Software, Inc. (Sentry), SmartBear Software (BugSnag), Rollbar Inc., Zoho Corporation Pvt. Ltd. (Datadog), Jet Brains, Axosoft, Airbrake, Google LLC (Firebase Crashlytics), Honeybadger Industries LLC, Inflectra Corporation, Raygun Limited, TrackJS LLC, Errorception, Nulab (backlog), Others
Unit Denominations	USD Million/Billion

Over the last few years, there has been a substantial increase in the adoption of cloud-based error monitoring software solutions by many industries to identify & resolve application errors. For example, GCP (Google Cloud Platform) Error Reporting & Logging management tools allow users to recognize & comprehend application faults by gathering & showing errors generated through cloud services. In addition, in order to deliver error-free apps in a short amount of time, detailed monitoring of the entire cloud infrastructure through different integrations is becoming increasingly necessary, i.e., another crucial factor amplifying the demand for error monitoring software.

Moreover, there are ever-increasing demands for software testing automation owing to the mounting use of Agile & DevOps methodologies as they are much more effective than manual testing in finding vulnerabilities. Therefore, as a result of the rising frequency of software changes, testing is becoming increasingly effective & efficient. These aspects indicate lucrative prospects for the error monitoring software, thus infusing the market size during 2023-28.

Market Dynamics

Key Growth Opportunity: Emerging Trend of Automation in Different Industries

As a result of remarkable advancements in technologies, automated testing is being used extensively by several industries, especially the BFSI & e-commerce sectors, to get quick feedback on company goals. Automated error reporting software utilizes the company's user base to look for common bugs and make programmers focus on core areas, like the design or strategic development problems. Hence, the ever-evolving adoption of Big Data, AI, & ML-integrated error monitoring solutions is creating new avenues for the key companies operating in the Global Error Monitoring Software Market to witness lucrative opportunities in the coming years.

Possible Restraint: Growing Availability of Free Error Monitoring Software Solutions

Several free & open-source error monitoring software are becoming increasingly available globally, which particularly assist small firms in saving money. They can be used for flexibility & collaborative work by teams primarily concerned with software development and require accurate task documentation. Some of these solutions also allow developers to keep track of open bug reports, progress, & modifications. Hence, as more & more companies are launching free versions of such solutions, it is hampering the growth of the error monitoring software market.

Market Segmentation

Based on Deployment:

Cloud
On-Premise

Of both, Cloud-based deployment holds a prominent share of the Global Error Monitoring Software Market. It ascribes to the mounting adoption of cloud platforms by organizations owing to benefits, such as cost-effectiveness and hassle-free software updates & maintenance, without having to make massive investments like in on-premise software. Moreover, additional perks like responsive accessibility related to storage, easy hosting, as well as remote access to resources by multiple users are other prominent benefits amplifying the demand for cloud-based error monitoring software globally.

Based on Solution:

Web
Mobile
Server-Side

Here, Web Solutions hold a notable market share, owing to their benefits like easy integration, hassle-free & fast access, no requirement for downloads or installation, and more effectiveness than their counterparts like mobile or server-side solutions. Hence, a large number of enterprises are increasingly adopting web-based error monitoring software in order to provide an uninterrupted & error-less website experience to their users.

Based on Industry:

Business & Consumer Application
Financial Services
E-commerce
Gaming
Health Technology
Media & Entertainment
Public Utilities
Government
Automotive

Among all, the E-commerce sector is expected to attain a prominent share of the market during 2023-28, as organizations operating in the industry are witnessing a dramatically increasing number of users, i.e., putting a lot of pressure on server accessibility. As a result, these enterprises are spending substantially on solutions like error monitoring software to improve customer experience and minimize support costs by identifying issues & escalating them directly to their developers for quick resolution, thereby ensuring effectively managed operations.

Regional Projection

Geographically, the Global Error Monitoring Software Market expands across:

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

North America holds the largest share of the Error Monitoring Software Market, owing to the presence of renowned IT firms, a rapidly increasing number of mobile & web applications, ever-increased spending on software testing, as well as burgeoning adoption of cloud services in the US & Canada, i.e., leading to the swiftly rising instances of software bugs and, in turn, augmenting the demand for error monitoring solutions. Moreover, the early adoption of advanced technologies, massive investments in the IT sector, and significant innovations in digital technologies by the leading companies operating are other prominent aspects driving the North America Error Monitoring Market.

Recent Developments in the Global Error Monitoring Software Market

In September 2022, Sentry announced new features for its developer-first monitoring platform to bridge actionability gaps for developers to enhance its developer-centric performance monitoring, including Dynamic Sampling, Performance Issues, Real User Application Profiling, & Session Replay.
In August 2022, Rollbar made some improvements to both the RQL interface & RQL processing in order to improve the efficiency of running RQL queries and provide the experience of the rich, SQL-like interface to interact with Rollbar data.
In March 2022, Zoho Corporation announced the latest edition of its low-code offering, Zoho Creator Platform, which provides a low-code solution-building experience independent of technical know-how and allows for 10X faster deployment by supporting all levels of building, managing, integrating, & analyzing for a full low-code experience.

Gain a Competitive Edge with Our Global Error Monitoring Software Market Report

Global Error Monitoring Software Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
Global Error Monitoring Software Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

A. The Error Monitoring Software Market is projected to grow at a CAGR of around 12.4% during 2023-28.

A. The mounting use of cloud-based technologies, massive investments in testing processes, and the ever-growing adoption of automation across organizations are the prime factors projected to drive the Error Monitoring Software Market during 2023-28.

A. 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 are the key companies participating in the Error Monitoring Software Market.

A. The e-commerce sector would provide profitable opportunities to the Error Monitoring Software Market during 2023-28.

A. North America would continue generating remunerative prospects for the Error Monitoring Software Market during 2023-28.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Impact of COVID-19 in the Global Error Monitoring Software Market
Global Error Monitoring Software Market Trends & Developments
Global Error Monitoring Software Market Dynamics
1. Growth Drivers
2. Challenges
Global Error Monitoring Software Market Regulations & Policy
Global Error Monitoring Software Market SWOT Analysis
Global Error Monitoring Software Market Hotspots & Opportunities
Global Error Monitoring Software Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Platform
    1. Windows
    2. Android
    3. iOS
  2. By Deployment
    1. Cloud
    2. On-Premise
  3. By Solution
    1. Web
    2. Mobile
    3. Server-Side
  4. By Enterprise Size
    1. Large Enterprise
    2. Small & Medium Enterprise
  5. By Industry
    1. Business & Consumer Application
    2. E-Commerce
    3. Financial Services
    4. Gaming
    5. Health Technology
    6. Media & Entertainment
    7. Public Utilities
    8. Government
    9. Automotive
  6. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia-Pacific
  7. By Company
    1. Competition Characteristics
    2. Revenue Shares
North America Error Monitoring Software Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Platform
  2. By Deployment
  3. By Solution
  4. By Enterprise Size
  5. By Industry
  6. By Country
    1. The US
    2. Canada
    3. Mexico
3. The United States Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
4. Canada Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
5. Mexico Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
South America Error Monitoring Software Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Platform
  2. By Deployment
  3. By Solution
  4. By Enterprise Size
  5. By Industry
  6. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
4. Argentina Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
Europe Error Monitoring Software Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Platform
  2. By Deployment
  3. By Solution
  4. By Enterprise Size
  5. By Industry
  6. By Country
    1. Germany
    2. The UK
    3. France
    4. Spain
    5. Italy
    6. Russia
    7. Rest of Europe
3. Germany Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
4. The UK Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
5. France Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
6. Spain Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
7. Italy Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
8. Russia Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
The Middle East & Africa Error Monitoring Software Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Platform
  2. By Deployment
  3. By Solution
  4. By Enterprise Size
  5. By Industry
  6. By Country
    1. The UAE
    2. Saudi Arabia
    3. South Africa
    4. Rest of the Middle East & Africa
3. The UAE Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
4. Saudi Arabia Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
5. South Africa Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
Asia-Pacific Error Monitoring Software Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Platform
  2. By Deployment
  3. By Solution
  4. By Enterprise Size
  5. By Industry
  6. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of Asia-Pacific
3. China Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
4. India Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
5. Japan Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
6. South Korea Error Monitoring Software Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Platform
    2. By Industry
Global Error Monitoring Software Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Research & Development
  4. Strategic Alliances
  5. Strategic Initiatives
2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Pricing Analysis, Future Plans)
  1. IBM
  2. Functional Software, Inc. (Sentry)
  3. SmartBear Software (BugSnag)
  4. Rollbar Inc.
  5. Zoho Corporation Pvt. Ltd. (Datadog)
  6. Jet Brains
  7. Axosoft
  8. Airbrake
  9. Google LLC (Firebase Crashlytics)
  10. Honeybadger Industries LLC
  11. Inflectra Corporation
  12. Raygun Limited
  13. TrackJS LLC
  14. Errorception
  15. Nulab (backlog)
  16. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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