Most businesses are moving online to expand their profit margins, and web performance or site performance is an essential tool for online success. Web performance is basically the time that a website takes to load and measuring web performance involves measuring the perceived and actual speeds of an application. Market Research Future (MRFR's) has launched a comprehensive report on the global web performance market, which provides valuable insights on the market backed by historic data and forecast for the period of 2017-2023. MRFR's analysis has projected the web performance market to reach USD 6 Bn at a CAGR of 9% over the forecast period.Segmentation
By component, the web performance market has been segmented into solution and service.
By organization size, the web performance market has been segmented into large enterprises and small and medium enterprises (SMEs).
By deployment, the Web Performance Optimization Market has been segmented into cloud and on-premise deployment models. The cloud segment is anticipated to capture the larger share of the market over the forecast period. Enterprises are increasingly adoption cloud technology to avoid investment in IT infrastructure. Moreover, cloud deployment provides improved agility, scalability, which can be credited for the growth of the segment.
By vertical, the web performance market has been segmented into BFSI, healthcare, manufacturing, IT & telecommunication, transportation, automotive, and others. The IT & telecommunication segment is holding the foremost share of the global market. IT operations are highly dependent on the web, which boosts the growth of the segment. On the other hand, lack of awareness regarding web performance solutions and high costs associated with deployment are likely to hinder the growth of the market.
Competitive Landscape
ZenQ (U.S.), Micro Focus International plc. (U.K), Cavisson Systems Inc. (U.S.), Neustar, Inc. (U.S.), Akamai Technologies, Inc. (U.S.), IBM (U.S.), New Relic, Inc. (U.S.), CDNetworks (South Korea), F5 Networks, Inc. (U.S.), Dynatrace (U.S.), ThousandEyes, Inc. (U.S.), Cloudflare, Inc. (U.S.), Netmagic Solutions (India), and CA Technologies, Inc. (U.S.) are the notable players in the web performance market.
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