(Wireless-NewsWire.Com, March 24, 2018 ) The Global Web Performance Market was valued at USD 3.32 billion in 2016 and is projected to reach USD 5.33 billion by 2025, growing at a CAGR of 5.39% from 2017 to 2025.
Web Performance refers to the speed in which web pages are downloaded and displayed on the user’s web browser. Faster website download speeds have been shown to increase visitor retention and loyalty and user satisfaction. Benefits of having good web performance includes – user satisfaction, improved search rankings, boost reliability, availability, and increases sales. 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.
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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.
The major players in the market are as follows: Dynatrace, IBM Corporation, CA Technologies, New Relic, Cavisson, Cdnetworks, Thousandeyes, Akamai, Micro Focus, F5 Networks, Neustar, Cloudflare, Netmagic Solutions, Zenq.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Akamai Technologies, Inc., CA Technologies, Inc., Cavisson Systems Inc., CDNetworks, Cloudflare, Inc., Dynatrace, F5 Networks, Inc. and IBM are some of the leading players in the market. Akamai Technologies offer web performance solutions which help the consumers in empowering the business operations with fast and personalized web experiences for cloud-based applications. The company offers a tightly integrated suite of web delivery and optimization technologies. Along with web performance solutions, the company also provides media delivery, cloud security and various other solutions and services to the consumers. The company focusses on offering innovative solutions and keeps up with the fast pace of the technological advancements. Increasing push towards the use of web performance solutions across different industry verticals is one major factor driving the growth of web performance market. Due to the convenience being provided to the users with the adoption of web performance solutions, the growth of the global web performance market is anticipated.
Research Methodology: Research study on the Global Web Performance Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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