Web Performance Market Size 2021 by Company, Product introduction, Products Sales Volume, Revenue, Price and Gross Margin to 2030

In a recent published report, Kenneth Research has updated the market report for Web Performance Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Web Performance Market products.

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The Web Performance Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

Synopsis of Web Performance Market

Market Scenario

The web performance market is not just growing, it is accelerating. Major factors driving the growth of web performance market is the growth of ecommerce industry and growing dependence of enterprises on web based solutions and services. Also, growing demand for mobile web performance solutions is expected to drive the growth of global web performance market.

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Akamai Technologies, Inc., CA Technologies, Inc., Cavisson Systems Inc., CDNetworks, Cloudflare, Inc., Dynatrace, F5 Networks, Inc. and IBM are a few major players in the global web performance market. Increasing adoption of web performance solutions in IT and telecommunication industry vertical is fuelling the market growth. This is owing to the increase in demand for qualitative and personalized web experiences for the users.

The deployment segment comprises of cloud and on-premise deployment models. However, cloud- based deployment sub segment is expected to hold the largest market share of the global web performance market. This is owing to the considerable shift of companies towards adoption of cloud- based services in order to avoid the investments in IT infrastructure. Also, the cloud-based services help in providing better scalability, faster deployment, and agility benefits.

The North America region holds the largest share of the market across the globe followed by Europe and Asia Pacific region. The U.S. and Canada are dominating the North American market due to the rising technological enhancements and growing adoption of web performance solutions in the region. Moreover, the region has a well-established infrastructure, which allows faster implementation of advanced technologies. Additionally, the growing adoption of web performance solutions across different industry verticals such as BFSI, healthcare, manufacturing among others is another major factor driving the growth of the web performance market in the region.The global web performance market is expected to grow at a CAGR of approximately 9% during the forecast period 2017-2023.

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Key Players

Some of the prominent players in the global web performance market are Akamai Technologies, Inc. (U.S.), CA Technologies, Inc. (U.S.), Cavisson Systems Inc. (U.S.), CDNetworks (South Korea), Cloudflare, Inc. (U.S.), Dynatrace (U.S.), F5 Networks, Inc. (U.S.), IBM (U.S.), Micro Focus International plc. (U.K), Netmagic Solutions (India), Neustar, Inc. (U.S.), New Relic, Inc. (U.S.), ThousandEyes, Inc. (U.S.), and ZenQ (U.S.) among others.

Segments

The global web performance market is segmented by component, organization size, deployment and vertical. Based on the component, the market is segmented into solution and services. The solution segment is further classified into web performance monitoring, web performance optimization, and web performance testing. Whereas, the services segment is further classified into managed services, consulting services, and implementation services. Based on the organization size, the market is segmented into SMEs and large enterprises. Based on the deployment, the market is segmented into cloud and on-premise. Whereas, based on vertical, the market is segmented into BFSI, healthcare, manufacturing, IT & telecommunication, transportation, automotive and others.

Regional Analysis

The global web performance market is studied in Asia Pacific, North America, Europe, and Rest of the World. North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of the market in North America is attributed to technological advancements and increased adoption of web performance applications across various industry verticals such as BFSI, healthcare, manufacturing and IT and telecommunication among others.

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Intended Audience

Technology Investors

Research/Consultancy Firms

Government Bodies

Consulting Service Providers

Technology Providers

System Integrators

Software Vendors

Web Content Developers

Service Providers

Cloud Platform Providers

Mobile Application Developers

Communication Service Providers (CSPs)

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