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Digital Experience Monitoring Market Worth $5.96Bn, Globally, by 2028 at 15.9% CAGR – Exclusive Report by The Insight Partners

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New York, May 18, 2022 (GLOBE NEWSWIRE) — The Insight Partners published latest research study on “Digital Experience Monitoring Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Enterprise Size (Large Enterprises and SMEs), Deployment Type (On-Premises and Cloud), End User (BFSI, IT and Telecommunications, Retail and Consumer Goods, Healthcare and Life Sciences, and Others), and Geography”, the global digital experience monitoring market growth is driven by streamlining the digital procedures involved in running a company lays a strong basis for future system changes or ongoing innovation, adoption of AI and IoT in fintech business, demand for better end-user experience and adoption of cutting-edge technologies.

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Report Coverage Details
Market Size Value in US$ 2.15 Billion in 2021
Market Size Value by US$ 5.96 Billion by 2028
Growth rate CAGR of 15.9% from 2022 to 2028
Forecast Period 2022-2028
Base Year 2021
No. of Pages 180
No. Tables 88
No. of Charts & Figures 83
Historical data available Yes
Segments covered Deployment Type, Enterprise Size, End User, Geography
Regional scope North America; Europe; Asia Pacific; Latin America; MEA
Country scope US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Digital Experience Monitoring Market: Competitive Landscape and Key Developments:
BMC Software, Inc.; Broadcom Inc.; AppDynamics LLC; Dynatrace LLC; IBM Corporation; ControlUp Technologies LTD; Lakeside Software, LLC; Aternity LLC; Nexthink SA; and Catchpoint Systems, inc. are among the leading players in the global digital experience monitoring market. Several other companies are functioning in the market and are contributing substantial revenues to propel the digital experience monitoring market share during the forecast period.

In 2021, Broadcom Inc. acquired AppNeta to bolster network performance monitoring across internet and hybrid cloud-based applications. By combining AppNeta’s end-to-end visibility with Broadcom’s award-winning and proven infrastructure and AIOps capabilities, the world’s largest enterprises running the most complex networks will now have access to a single source of truth to support their cloud journey. Further, with AppNeta, DX NetOps solutions by Broadcom Software have visibility into Internet connections and can monitor and manage digital experiences for any user across any cloud, mobile, SaaS, or remote work scenario.

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Cloud and mobility are hastening an unprecedented wave of corporate upheaval, with 70% of the top ten global enterprises being founded for the first time. Companies such as Amazon, Southwest Airlines, Apple, Disney, TD Bank, and others emphasize their customers and end-user experience to enhance the software/application they deliver. As more digital services go beyond firewalls and Application Performance Management (APM) becomes less cost-effective, end-user or digital experience monitoring (DEM) technologies will become increasingly popular. Therefore, modern end-user experience monitoring solutions are specially built to monitor performance and availability from the user’s perspective.

Insurers utilize IoT to identify risk correctly, improve client interaction, and speed up and simplify the underwriting and claims process in the finance industry. For example, auto insurers have traditionally used indirect factors to determine premiums, such as a driver’s age, residence, and creditworthiness. Thanks to the Internet of things, data on driver behavior and vehicle use, such as automobile speed and frequency of night driving, is now available. Insurers may contact clients more regularly and provide new services based on the collected data thanks to the technology. Customers frequently deal primarily with agents or brokers and only get the insurer directly for policy renewal or claims management, making the market suitable for efficiency advantages. Thus, to enhance the performance of IoT application and system, end-user or DEM plays a crucial role.

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The COVID-19 pandemic is expected to impact European digital experience monitoring market growth positively. During the pandemic, various European sectors adopted digital experience monitoring technology to improve the customer experience since understanding the audience’s and end-user’s behavior and needs is critical. During the last decade, businesses have used digital experience monitoring technology to facilitate the contract, product demand, and user experience. Furthermore, in 2020, based on the report by Eurostat, 87% of EU citizens aged 16 to 74 said they had used the internet in the preceding three months. This percentage ranged from 70% in Bulgaria to 100% in Denmark. The percentage of people who use the internet has risen quickly, from 67% in 2010 to 78% in 2015. As a result, during the COVID-19 pandemic, the increased number of internet users aided the expansion of the digital experience monitoring market in Europe.

Demand for Better End-user Experience to Boost Digital Experience Monitoring Market Growth:
End-user experience monitoring (EUEM) allows IT workers to comprehend problems from end-users’ perspectives, provide a superior customer experience, and promptly resolve issues by automatically capturing errors, crashes, network requests, page load data, and other metrics. Monitoring gives IT teams additional power to enforce service-level agreements by making it easy to analyze how third-party APIs and content services affect the software performance. Companies are interested in measuring digital experience from the end-user perspective, due to which the IT model has shifted primarily from supporting call center operation to supporting a significantly larger virtual environment. The growing number of agents to provide better end-user experience, increasing need to measure the business impact of EUEM, and changing expectations of end-users are major factors driving the growth of the digital experience monitoring market.  

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Digital Experience Monitoring Market: Sector Overview:
The digital experience monitoring market analysis by end user, is segmented into BFSI, IT and telecommunications, retail and consumer goods, healthcare and life sciences, and others. The BFSI segment led the market in 2020. Like in any other industry, in banking and financial services, client experience has emerged as a critical success factor. Although financial institutions use a variety of channels, such as call centers, branches, ATMs, and mobile banking, to create client loyalty, they frequently fail to adequately manage customer experience, regulatory compliance, and consumer sentiment. This is largely due to the lack of machine-first principles in customer experience monitoring, which require computers to undertake quality analysis first and only hand over exceptions to people. Artificial intelligence (AI) improvements, such as natural language processing (NLP), machine learning (ML), speech-to-text, and computer vision, have assisted banks in reimagining their customer experience monitoring role, which is one of the primary factors leading to the digital experience monitoring market growth.

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Browse Adjoining Reports:
Digital Experience Platform Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Component (Solution, Services); Deployment Type (On-Premise, Cloud); End User Industry (IT and Telecom, BFSI, Manufacturing, Public Sector, Healthcare, Others) and Geography

Digital Adoption Platform Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Deployment Type (Cloud, On-premises); Enterprise Size (Small and Medium-Size Enterprises, Large Enterprises); End-user (BFSI, IT and Telecom, Retail And E-Commerce, Government, Healthcare, Education, Travel and Hospitality, Others) and Geography

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End User Experience Monitoring Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Component (Products, Services); Platform (Web, Mobile); Deployment (On-Premise, Cloud); Industry (BFSI, Government, IT and Telecom, Retail and Consumer Goods, Healthcare, Others) and Geography

Content Experience Platform Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Deployment (Cloud, On Premise); Organization Size (SMEs, Large Enterprises) and Geography

Synthetic Monitoring Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Deployment (On-Premise and Cloud), Organization Size (SMEs and Large Enterprises), Monitoring Type (API Monitoring, SaaS Application Monitoring, Mobile Application Monitoring, and Web Application Monitoring), and Industry (BFSI, Government, Retail, Healthcare, IT & Telecom, and Other Industries)

Load Monitoring System Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Offering (Load Cell, Indicator and Controller, Data Logging Software); Technology (Analog, Digital); Industry Vertical (Marine, Aerospace, Automotive, Construction, Oil and Gas, Food and Beverage, Healthcare, Agriculture) and Geography

Production Monitoring System Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Deployment Type (Cloud Based, On-Premises); Enterprise Size (SMEs, Large Enterprises) and Geography

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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Contact Person: Sameer Joshi
E-mail: [email protected]
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/digital-experience-monitoring-market

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Artificial Intelligence

Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.

The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development. 
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference. 
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
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CGTN: China honors individuals with highest awards in celebration of 75th National Day

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.

The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
 

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Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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