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Web Performance Market expected to gain $5.45 Billion by 2022

06-25-2021 07:54 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Web Performance Market

Web Performance Market

According to a new market research report "Web Performance Market by Solution (Web Performance Monitoring, Web Performance Optimization, and Web Performance Testing), Service, Organization Size (SMEs and Large Enterprises), Deployment Type, Vertical, and Region - Global Forecast to 2022" published by MarketsandMarkets™, the web performance market size expected to grow from USD 3.50 Billion in 2017 to USD 5.45 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period. The growth of the eCommerce industry, and proliferation of images, videos, and rich media on the web are the major factors that are expected to support the growth of the web performance market.

Browse 64 market data Tables and 37 Figures spread through 118 Pages and in-depth TOC on "Web Performance Market”

Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/web-performance-market-56461392.html

Web performance testing segment is expected to have the largest market size during the forecast period.

In the solutions segment, the web performance testing segment is expected to have the largest market size during the forecast period. Web performance testing solutions test the websites and web applications during the development phase. Web performance testing includes load testing and speed testing of the websites and web applications. Load testing involves testing the websites under high web traffic.

Managed services segment is expected to be the fastest growing service segment during the forecast period.

In the services segment, the managed services segment is expected to have the highest CAGR during the forecast period. Web performance vendors provide managed services to their clients to cater to their different business needs. End-users have different business requirements that are handled by the managed service providers to help enterprises focus more on their core business. Furthermore, managed services help organizations enhance the customer relationship.

North America is expected to have the largest market size in the web performance market during the forecast period.

North America is expected to have the largest market size in the web performance market during the forecast period. Enterprises in North America have transformed their mode of business, shifting from the traditional approach to online platforms, which has helped boost the eCommerce industry in the region. This has accelerated the demand for new websites and web applications, and increased the need for web performance -related solutions.

Asia Pacific (APAC) is expected to witness the highest CAGR in the global web performance market during the forecast period. With diversified geographic areas and a high customer base, the APAC region is expected to exhibit strong growth in the web performance market. The growth in this region is primarily driven by the growing awareness among enterprises about the web customer experience, especially among organizations from the Banking, Financial Services, and Insurance (BFSI); Information Technology (IT) and telecom; retail; and healthcare sectors. The market in the developing regions, such as the Middle East and Africa (MEA) and Latin America, is expected to grow, owing to the growth in demography and data connectivity, increase in mobile penetration, and development in infrastructure.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=56461392

The key players in the web performance market include Akamai (US), CA Technologies (US), Cavisson (US), CDNetworks (Korea), Cloudflare (US), Dynatrace (US), F5 Networks (US), IBM (US), Micro Focus (UK), Netmagic (India), Neustar (US), New Relic (US), ThousandEyes (US), and ZenQ (US).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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