Overview and Scope
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.
Sizing and Forecast
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 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..
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%. 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. . Major trends in the forecast period include sustainability and green web practices, user experience design and performance, adoption of content delivery networks (cdns), serverless architecture, third-party script management, webassembly (wasm)..
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Segmentation & Regional Insights
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
North America was the largest region in the web performance market in 2023. 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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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The web performance market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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