Web Performance Market Growth Opportunities and Future Scope, 2022-2029

Allied Market Research published a new report, titled, "Web Performance Market Growth Opportunities and Future Scope, 2022-2029." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The rise in the growth of the E-commerce industry and the proliferation of images, videos, and rich media on the web is the key factors that drive the growth of the Web Performance Market. In addition, the rise in the number of smartphone users across the globe also supplements the market growth. Furthermore, the rise in the adoption of the internet of things and artificial intelligence among various businesses, owing to COVID 19 is expected to provide lucrative opportunities for the web performance market.

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The e-commerce market has transformed business models across the global and the industry is expected to grow at a tremendous rate, owing to rise in internet usage and mobile penetration. There are a number of players dealing in the e-commerce market. To gain a competitive edge and increase customer base, many organizations are adopting web performance solutions that is expected to boost growth of the web performance market.

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North America is expected to have the largest market share during the forecast period, owing to the early adoption of the latest technologies along with the presence of big players in web performance solutions, while Asia-pacific is anticipated to witness the highest growth during the forecast period, owing to emerging economies such as India and China , Major players include Akamai (U.S), CA Technologies (U.S), Cavisson (U.S), CDNetworks (Korea), Cloudflare (U.S), Dynatrace (U.S), F5 Networks (U.S), IBM (U.S), Micro Focus (U.K), Netmagic (India), Neustar (U.S), New Relic (U.S), ThousandEyes (U.S), and ZenQ (U.S) among others.

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COVID-19 Scenario Analysis:

• The global impact of the COVID-19 pandemic has significantly affected the web performance market.

• Though governments have imposed lockdown to contain the spread of the virus, all businesses have moved to online for their operations, thus many organizations are adopting web performance solutions to increase their customer base which is propelling the growth of the web performance market.

• Moreover, to practice social distancing, people are purchasing online rather than going to brick and mortar stores, which also impacts the web performance market positively and is expected to boost the market growth.

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