With the proliferation of trends such as mobility and DevOps, and the convergence of software development and IT operations into IT infrastructure, enterprises are realizing the importance of having solutions that can proactively monitor application performance, says research firm Frost & Sullivan.

This need to ensure performance while reducing outages and network-related issues is fueling growth of the global application performance monitoring and application-aware network performance monitoring market, the firm says in new study. It says the market earned revenue of $2.55 billion in 2013 and estimates this will reach $7.19 billion in 2020.

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