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Global web performance market 2021-2026: a market of 7.28 billion dollars by 2026


DUBLIN, November 19, 2021– (COMMERCIAL THREAD)–The “Global Web Performance Market (2021-2026) by Component, Organization Size, Mode of Deployment, Vertical, Geography, Competitive Analysis and Impact of COVID-19 with Ansoff Analysis” the report was added to ResearchAndMarkets.com offer.

The global web performance market is estimated at USD 4.7 billion in 2021 and is expected to reach USD 7.28 billion by 2026, growing at a CAGR of 9%.

Some factors such as the emergence of the e-commerce industry, the proliferation of images, videos and rich media on the internet, the growing reliance of businesses on web solutions and services have been the root cause of the overall growth of the web performance market. The growing adoption of web performance by highly regulated industries is creating opportunities across a wide range of business segments. The growing incidence of cyber attacks and security breaches on the organization’s websites are also driving the growth of the market.

On the other hand, lack of awareness of web performance and budget concerns of SMEs can hamper market growth and hamper critical market functions.

Market dynamics

Conductors

  • Growth of the e-commerce industry

  • The proliferation of images, videos and rich media on the web

  • Increase in security breaches and cyber attacks targeting corporate websites

Constraints

Opportunities

Challenges

Covered segments

  • By component, Solutions segment is expected to hold the largest market share during the forecast period. With the increasing use of connected computing devices, the demand for web connectivity has also increased in recent years. Web Performance solutions engage consumers with fast, personalized online experiences, empowering organizations to increase revenue opportunities, gain IT agility, and scale globally. This is expected to increase the market size of the web performance solutions segment.

  • By organization size, the small and medium-sized enterprises (SMEs) segment holds the largest market share. SMEs contribute to the economy through digital capitalization, adopting new technologies for business expansion, especially in developing countries. The requirement of a well-thought-out business strategy and a strong online presence to stay afloat in today’s highly competitive market is fulfilled by web performance solutions. This should boost web performance solutions and services among SMBs.

  • By mode of deployment, Cloud Deployment has the maximum market share. Businesses are shifting their preferences towards cloud-based services to minimize investment in IT infrastructure and gain benefits, such as scalability, faster deployment, and flexibility. With cloud-based deployments, businesses can minimize operating costs, manage content quality, increase ROI, and expand customer base. Therefore, the type of cloud deployment would experience a higher CAGR during the forecast period.

  • By Vertical, IT and Telecom Vertical is estimated to have the largest market share during the forecast period. The business operations of this industry are heavily reliant on the web, making it necessary to use web performance solutions for qualitative, enhanced and personalized web experiences. Web performance solutions provide IT and telecommunications companies with fast, accurate, and advanced technical support, achieving the best results with minimal time and budget.

  • By geography, North America is expected to dominate the market. SMEs and large companies in North America have moved from traditional business technologies to more advanced online platforms. This is expected to boost the growth of the e-commerce industry in the region. The demand for new websites and web applications thus leads to an increased need for web performance solutions. Asia Pacific (APAC) is also expected to grow at the highest CAGR during the forecast period as the region has organizations that are gradually adopting advanced technologies.

  • The global web performance market is further segmented on the basis of component, organization size, mode of deployment, vertical, and geography.

Competitive quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors considered for the analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, and market share growth.

Companies mentioned

  • Akamai Technologies

  • Dynatrace

  • Micro focus

  • IBM

  • F5 networks

  • CA Technologies

  • Neustar

  • New Relic

  • Cloudflare

  • Cavisson

  • Netmagic Solutions

  • CDNetworks

  • ZenQ

  • Thousand eyes

For more information on this report, visit https://www.researchandmarkets.com/r/18idnh

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See the source version on businesswire.com: https://www.businesswire.com/news/home/20211119005363/en/

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