What Has Been the Progress and Growth of the Web Performance Market in Recent Years?
The web performance market has seen considerable growth due to a variety of factors.
• The market size of web performance has seen substantial growth in recent times. The market is projected to expand from $6.16 billion in 2024 to approximately $6.68 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%.
Factors such as increased focus on user experience, optimization for mobile devices, search engine optimization (SEO), the influence of latency on user engagement, and user retention and loyalty are the primary drivers for the growth during the historical period.
What Can Be Expected from the Web Performance Market in the Coming Years?
The web performance market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the web performance market is predicted to experience significant expansion in the forthcoming years, with projections suggesting it will reach $10.96 billion by 2029, representing a compound annual growth rate (CAGR) of 13.2%.
This projected growth within the specified timeframe is influenced by heightened focus on core web vitals, the emergence of progressive web applications (PWAs), continuing expansion of mobile internet usage, competitive nature of e-commerce, and the influence of web performance on SEO. Forecasted trends within this period include sustainability and environmentally-friendly web practices, emphasis on user experience design and performance, increased utilization of content delivery networks (CDNs), serverless architecture, management of third-party scripts, and webassembly (WASM).
What Are the Critical Driver Fuelling the Web Performance Market's Growth?
The escalating trends in the E-commerce sector are predicted to propel the expansion of the web performance market. E-commerce involves internet-based buying and selling of products and services. The evolution of the internet and related technologies have accelerated and simplified business operations. Ecommerce has contributed to more cost-friendly and streamlined business activities. For instance, in 2022, it's forecasted that the Indian eCommerce market will expand by 21.5%, achieving a remarkable value of USD 74.8 billion. As predicted by the Indian Brand Equity Foundation (IBEF), by 2030, the worth of India's e-commerce market will be USD 350 billion. It is further expected that the value of the Indian e-commerce market will surge to USD 111 billion, and later to USD 200 billion by 2024 and 2026 respectively. A major reason for such rise in this sector has been the widespread internet and smartphone usage. Consequently, this surge in the E-commerce sector is leading to the growth of the web performance market.
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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What New Trends Are Influencing the Web Performance Market?
Top firms in the web performance market are investing in advanced technologies to enhance user experience, expedite website load times, optimize resource consumption, and assure high availability and security of online services. This evolved suite is developed to support front-end web development teams by merging extensive enterprise insights into its Internet Performance Monitoring (IPM) platform. This feature includes the functionalities of WebPageTest, a renowned tool for enhancing web performance, allowing teams to effectively supervise and refine their websites. For example, in July 2024, US-based technology firm Catchpoint Systems, Inc. introduced a new range of web performance capabilities to its Internet Performance Monitoring (IPM) platform. The platform provides an integrated, enterprise-tailored dashboard that delivers insight into both front-end programming and end-user experiences from numerous locations worldwide. This distinct quality enables users to calculate and reduce their websites' carbon footprint, thereby encouraging environmentally conscious digital practices.
Who Are the Key Players in the Web Performance Market?
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
What Is The Most Dominant Region In The Web Performance Market?
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
