Press release
Web Performance Market Growth Accelerates: Strategic Forecast Predicts $10.96 Billion by 2029
Web Performance
What Will the Web Performance Industry Market Size Be by 2025?
The size of the web performance market has seen robust expansion in the past few years. The sector, which was worth $6.16 billion in 2024, is predicted to increase to $6.68 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.3%. The significant growth observed in the historical period is primarily due to factors such as the focus on user experience, mobile optimization, search engine optimization (SEO), the influence of latency on user participation, and the aspects of user retention and loyalty.
What's the Long-Term Growth Forecast for the Web Performance Market Size Through 2029?
Over the next several years, the web performance market is projected to experience fast-paced expansion, with an estimated worth of $10.96 billion by 2029, reflecting a compound annual growth rate (CAGR) of 13.2%. The predicted growth can be linked to a greater focus on core web vitals, the emergence of progressive web apps (pwas), the relentless increase in mobile internet engagement, competitive nature of e-commerce, and the influence of web performance on SEO. Key trends that are expected to shape the market during the forecast period include sustainable and green web practices, focus on user experience design and performance, the uptake of content delivery networks (CDNS), adoption of serverless architecture, management of third-party scripts, and web assembly (WASM).
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What Are the Key Growth Drivers Fueling the Web Performance Market Expansion?
The expansion of the E-commerce industry is predicted to fuel the growth of the web performance market. E-commerce refers to the online buying and selling of goods and services. The emergence of the internet and technological advancements have revolutionized business operations, making them faster and more convenient. E-commerce has optimised business performance, enhancing cost-effectiveness and efficiency. In 2022, for instance, the size of the Indian e-commerce market is projected to increase by 21.5%, reaching USD 74.8 billion. According to the Indian Brand Equity Foundation (IBEF), by 2030, this market is forecasted to be worth USD 350 billion. Furthermore, India's e-commerce market size is predicted to escalate to USD 111 billion by 2024 and USD 200 billion by 2026. The growth of this industry is largely driven by the increased usage of the internet and smartphones. Consequently, the escalating growth of E-commerce industry propels the expansion of the web performance market.
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What Are the Key Trends Driving Web Performance Market Growth?
Leading companies in the web performance market are concentrating on the development of innovative solutions to enhance the user experience, speed up website load times, optimize the use of resources, and guarantee the reliability and security of their online services. Included in this new product range is a design focused on aiding web development teams on the front-end, achieved through the integration of comprehensive enterprise insights into its Internet Performance Monitoring (IPM) platform. Enhancements include the use of WebPageTest, a premier tool for web performance optimization, allowing teams to effectively supervise and improve their websites. For example, Catchpoint Systems, Inc., a US-based technology firm, released a new series of web performance tools for its Internet Performance Monitoring (IPM) platform in July 2024. The platform features a single, enterprise-ready dashboard that provides insight into both front-end code and the user experience from thousands of locations worldwide. This unique attribute allows users to calculate and reduce their website's carbon footprint, encouraging the adoption of sustainable digital practices.
How Is the Web Performance Market Segmented?
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
Subsegments:
1) By Solutions: Web Performance Optimization Tools, Content Delivery Network (CDN) Solutions, Application Performance Monitoring (APM) Tools
2) By Services: Consulting Services, Managed Services, Support And Maintenance Services
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Which Companies Are Leading the Charge in Web Performance Market Innovation?
Major companies operating in the web performance 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
Which Regions Are Leading the Global Web Performance Market in Revenue?
North America was the largest region in the web performance market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the web performance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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