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LONDON, GREATER LONDON, UNITED KINGDOM, November 1, 2024 /EINPresswire.com/ -- The web performance market has experienced robust growth in recent years, expanding from $5.76 billion in 2023 to $6.3 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to user experience emphasis, mobile optimization, search engine optimization (seo), impact of latency on user engagement, user retention and loyalty.
What Is The Estimated Market Size Of The Global Web Performance Market And Its Annual Growth Rate?
The web performance market is projected to continue its strong growth, reaching $9.57 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to increasing emphasis on core web vitals, rise of progressive web apps (pwas), continued growth of mobile internet usage, e-commerce competitiveness, impact of web performance on seo..
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Growth Driver Of The Web Performance Market
The growing adoption of cloud-based solutions is expected to drive the web performance market. Cloud computing provides modern enterprises with enhanced flexibility, efficiency, scalability, security, collaboration, and cost savings. Cloud-based solutions are becoming more popular due to their scalability, adaptability, and cost-effectiveness would impact web performance. This, in turn, fuels demand for web performance optimization services and tools to ensure fast, reliable, and secure web experiences.
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Who Are The Key Players Shaping The Web Performance Market Trends?
Key players in the market include Micro Focus International PLC, International Business Machines Corporation, Akamai Technologies Inc., Dynatrace LLC, Neustar Inc., Apica AB, AppDynamics, BlazeMeter Inc., CA Technologies, Catchpoint Systems Inc., Cavisson Systems Inc., CDNetworks, Cloudflare Inc., F5 Inc., GTmetrix, Instart Logic Inc., KeyCDN, Load Impact AB, New Relic Inc., Pingdom AB, Rigor Group Private Limited, Siteimprove A/S, SOASTA Inc., SolarWinds Worldwide LLC, SpeedCurve, ThousandEyes Inc., Uptrends LLC, WebPageTest, Yottaa Inc., Zenq Technologies Private Limited.
What Are The Dominant Trends In Web Performance Market Growth?
Major companies operating in market focusing on strategic partnerships. A strategic partnership is a commercial collaboration in which two or more persons or companies share resources to assist all parties to flourish.
How Is The Global Web Performance Market Segmented?
1) By Component: Solutions, Services
2) By Deployment Type: On-Premises, Cloud
3) By End User: IT and Telecom, Logistics and Transportation, Government, Healthcare, Manufacturing, Media and Entertainment, Other End Users
Geographical Insights: North America Leading The Web Performance Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the report during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Web Performance Market Definition
Web performance refers to a process in which tools and software are used to monitor how well content loads and renders in a web browser, as well as how well it responds to user interaction, which is improbable due to Good or bad website performance has a strong correlation with user experience and the overall effectiveness of most sites.
Web Performance Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global web performance market report covering trends, opportunities, strategies, and more
The Web Performance Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on web performance market size, web performance market drivers and trends, web performance market major players and web performance market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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