Press release
Global Web Performance Market Overview 2033 : Forecasted Market Size And Growth Rate | Micro Focus International PLC, International Business Machines Corporation, Akamai Technologies Inc
"The new report published by The Business Research Company, titled ""Web Performance Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the web performance market size has grown strongly in recent years. It will grow from $5.76 billion in 2023 to $6.3 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The web performance market size is expected to see rapid growth in the next few years. It will grow to $9.57 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%.
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E-Commerce Expansion Fuels Rapid Growth In The Web Performance Market
The rise in growth of the E-commerce industry is expected to drive the web performance market. Ecommerce is the purchase and sale of goods and services over the internet. The growth of the world wide web and technologies has made business functions faster and easier to execute. E-commerce has made doing business more cost-effective and efficient. For instance, in 2022, the Indian eCommerce market size is expected to grow by 21.5%, reaching USD 74.8 billion. By 2030, according to the Indian brand equity Foundation (IBEF), India's e-commerce market is expected to be worth USD 350 billion. The Indian e-commerce market size is expected to grow to USD 111 billion by 2024 and USD 200 billion by 2026. Increased internet and smartphone penetration have fueled much of the industry's growth. Therefore, the rise in the growth of the E-commerce industry is driving the web performance market growth.
Technology Advancements In Web Performance Market
Technology advancement is a key trend gaining popularity in the web performance market. Major players in the market are focusing on launching and implementing advanced web applications technology for web performance. For instance, in September 2021, Micro Focus UK-based enterprise software provider, delivering technology and supporting services released Visual COBOL 7.0 and Enterprise Suite 7.0, which provide COBOL and mainframe application, process, and infrastructure modernization solutions. Micro Focus Visual COBOL and Enterprise Suite 7.0 are the culmination of a decade of consistent investment that builds on the company's more than 40 years of experience in modernizing mission-critical applications running on the mainframe or distributed environments, as organizations seek to deliver on IT strategies through modernization and digital transformation initiatives. This latest release reinforces Micro Focus' commitment to customers by delivering proven, robust solutions that protect their investments and enable them to meet changing business expectations while taking advantage of new environments and infrastructures.
The web performance market covered in this report is 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
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Major companies operating in the web performance market report are 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
Contents of the report:
1. Executive Summary
2. Web Performance Market Report Structure
3. Web Performance Market Trends And Strategies
4. Web Performance Market - Macro Economic Scenario
5. Web Performance Market Size And Growth
…..
27. Web Performance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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