Web Performance 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.
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.
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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 global web performance market is segmented by component, organization size, deployment, and vertical. The vertical segment is classified into BFSI, healthcare, manufacturing, IT & telecommunication, transportation, automotive and others. However, the IT & telecommunication sub-segment is expected to hold a major share of the global web performance market during the forecast period. This is owing to the increasing dependency of business operations in IT and telecommunication sector on web. However, the lack of awareness regarding the web performance solutions and high deployment costs are major factors that could pose as a hindrance in the growth of global Web Performance Market. Also, increasing demand for quick deployment solutions and low budget constraints of small and medium enterprises are other major factors which may hamper the market growth.
According to Market Research Future Analysis, the global web performance market is estimated to generate revenue of approximately USD 6 billion by 2023 growing at a CAGR of 9% during the forecast period 2017-2023.
Web Performance Market 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.
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Web Performance Market Key Player:
Some of the key players in the market: 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.
Web Performance Market 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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- 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)
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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