The global web performance market is expected to grow from USD 3.50 billion in 2017 to USD 5.45 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period.
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The growth of the eCommerce industry, and proliferation of images, videos, and rich media on the web are some of the factors that are expected to drive the growth of the global web performance market. However, the lack of awareness about web performance solutions may hinder the market growth.
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The cloud computing model is one of the most effective technologies that impacts every line of business.
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The high cost associated with web performance solutions is one of the major challenges for solution providers; this challenge can be overcome with the help of the cloud deployment model. The advantages of cloud computing include flexibility, scalability, affordability, operational efficiency, and low cost.
The adoption of cloud-based web performance solutions is in the nascent stage and is expected to grow significantly during the forecast period.
“The Small and Medium-sized Enterprises (SMEs) segment is expected to have the faster growth rate during the forecast period.”
The SMEs segment is expected to witness a higher CAGR as compared to the large enterprises segment during the forecast period. SMEs are contributing to the economy through digital capitalization, especially in the developing countries.
This is expected to drive the higher adoption of web performance solutions among SMEs.
“Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period.”
The APAC region includes emerging economies such as China, Australia, Singapore, and India. Enterprises in these economies are using web performance solutions and services to streamline their business processes.
The APAC region is expected to grow at the highest CAGR during the forecast period. The developing mobile and broadband infrastructure along with the growing mobile workforce is expected to offer potential growth opportunities for web performance vendors in the APAC region.
On the other hand, North America is estimated to have the largest market size in the web performance market in 2017.
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The key web performance vendors profiled in the report are as follows:
- Akamai (US)
- CA Technologies (US)
- Cavisson (US)
- Cloudflare (US)
- Dynatrace (US)
- F5 Networks (US)
- IBM (US)
- Micro Focus (UK)
- Netmagic (India)
- Neustar (US)
- New Relic (US)
- ThousandEyes (US)
- ZenQ (US)
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- Web performance monitoring
- Web performance optimization
- Web performance testing
- Implementation services
- Consulting services
- Managed services
By Organization Size
- Large enterprises
- Small and Medium-sized Enterprises (SMEs)
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