Global Web Performance Market Report 2021: Rise in Security Breaches and Cyber-Attacks Targeting Enterprise Websites
Saturday, December 4, 2021
DUBLIN, Nov. 26, 2021 /PRNewswire/ -- The "Global Web Performance Market (2021-2026) by Component, Organization Size, Deployment Mode, Vertical, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Web Performance Market is estimated to be USD 4.7 billion in 2021 and is expected to reach USD 7.28 billion by 2026, growing at a CAGR of 9%.
Certain factors such as the emergence of the eCommerce industry, proliferation of images, videos, and rich media on the internet, growing dependence of enterprises on web-based solutions and services have been driving the overall Web Performance market growth. The rising adoption of web performance by highly regulated industries is creating opportunities across a wide range of business segments. The growing incidences of cyber-attacks and the security breaches on the organization's websites also drive market growth.
On the flip side, the lack of awareness about web performance and budget concerns for SMEs may hinder market growth and hamper the market's business-critical functions.
-- Growth of the Ecommerce Industry
-- The proliferation of Images, Videos, and Rich Media on the Web
-- Rise in Security Breaches and Cyber-Attacks Targeting Enterprise
-- Budget Constraints for SMEs
-- Large-Scale Adoption of Web Performance Solutions in Highly Regulated
-- Demand for Mobile Web Performance Solutions
-- High Deployment Costs and the Need to Quickly Deploy Solutions for the
-- Lack of Awareness About Web Performance Solutions
-- By Component, Solutions Segment is expected to hold the largest market
share during the forecast period. With the increasing use of connected
IT devices, web connectivity demand is also rising from the past few
years. Web Performance solutions engage consumers with fast,
personalized online experiences, enabling organizations to increase
revenue opportunities, gain IT agility and scalability globally. This is
expected to boost the market size of the web performance solutions
-- By Organization Size, the Small and Medium-sized Enterprises (SMEs)
segment holds the largest market share. SMEs are contributing to the
economy through digital capitalization, adopting new technologies for
business expansion, especially in developing countries. The requirement
of a well-thought-out business strategy and a strong online presence to
stay afloat in today's highly competitive market is fulfilled by Web
Performance solutions. This is expected to drive the web performance
solutions and services among SMEs.
-- By Deployment Mode, Cloud Deployment holds the maximum market share.
Companies are shifting their preferences toward cloud-based services to
minimize investments in the IT infrastructure and experience benefits,
such as scalability, faster deployment, and flexibility. With
cloud-based deployments, organizations can minimize their operational
costs, manage content quality, increase ROI, and expand their customer
base. Therefore, the cloud deployment type would witness a higher CAGR
during the forecast period.
-- By Vertical, IT and Telecom Vertical is estimated to have the largest
market share during the forecast period. Business operations in this
sector are highly dependent on the web, which makes it necessary to use
web performance solutions for qualitative, improved, and personalized
web experiences. Web performance solutions provide IT and telecom
enterprises timely, quick, accurate, and advanced technical assistance,
resulting in the best output with minimal time and budget requirements.
-- By Geography, North America is projected to lead the market. SMEs and
large enterprises in North America have shifted from traditional
business technologies to more advanced online platforms. This is
expected to drive the growth of the eCommerce industry in the region.
The demand for new websites and web applications thereby leads to more
need for web performance solutions. Asia Pacific (APAC) is also
anticipated to grow at the highest CAGR during the forecast period, as
the region has the presence of organizations that are gradually adopting
-- The Global Web Performance Market is segmented further based on
Component, Organization Size, Deployment Mode, Vertical, and Geography.
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments and growth in market share.
-- Akamai Technologies
-- Micro Focus
-- F5 Networks
-- CA Technologies
-- New Relic
-- Netmagic Solutions
For more information about this report visit https://www.researchandmarkets.com/r/2turjo
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