Increase in security breaches and cyber-attacks targeting corporate websites

DUBLIN, November 26, 2021 /PRNewswire/ — The report “Global Web Performance Market (2021-2026) by Component, Organization Size, Deployment Mode, Vertical, Geography, Competitive Analysis and Impact of COVID-19 with Ansoff Analysis” has been added to ResearchAndMarkets.com’s offer.

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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 e-commerce industry, the proliferation of images, videos and rich media on the Internet, and the growing reliance of enterprises on web-based solutions and services have fueled the overall growth of the web performance market. The increasing adoption of web performance by highly regulated industries is creating opportunities in a wide variety of business segments. The increasing number of cyber attacks and the security breaches on the organization’s websites are also driving the market growth.

On the other hand, the lack of awareness about web performance and budget concerns for SMEs can hinder market growth and hinder the business-critical functions of the market.

Market dynamics

drivers

  • Growth of the e-commerce industry

  • The proliferation of images, videos and rich media on the web

  • Increase in security breaches and cyber-attacks targeting corporate websites

limits

Opportunities

Challenges

Segments covered

  • By component, the Solutions Segment is expected to hold the largest market share during the forecast period. With the increasing use of connected IT devices, the demand for web connectivity has also increased in recent years. Web Performance solutions engage consumers with fast, personalized online experiences, enabling organizations to increase revenue opportunities, increase IT agility and scalability globally. This is expected to increase the market size of the web performance solutions segment.

  • By organization size, the small and medium-sized business (SME) segment has the largest market share. SMEs contribute to the economy through digital capitalization and adopting new technologies for business expansion, especially in developing countries. Web Performance solutions meet the requirement of a well-thought-out business strategy and a strong online presence to stay afloat in today’s highly competitive market. This is expected to boost web performance solutions and services among SMEs.

  • Cloud Deployment has the maximum market share per deployment mode. Businesses are shifting their preferences to cloud-based services to minimize IT infrastructure investments 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 grow their customer base. Therefore, the type of cloud deployment would exhibit 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 in this sector is highly dependent on the web, making it necessary to use web performance solutions for quality, enhanced and personalized web experiences. Web performance solutions provide IT and telecom companies with timely, fast, accurate and advanced technical support, resulting in the best output with minimal time and budget requirements.

  • on geography, North America is expected to lead the market. SMEs and large enterprises in North America have moved from traditional business technologies to more advanced online platforms. This is expected to boost the growth of the e-commerce industry in the region. The demand for new websites and web applications therefore leads to an increased need for web performance solutions. Asia-Pacific (APAC) is also expected to grow at the highest CAGR during the forecast period as the region has the presence of organizations that are gradually adopting advanced technologies.

  • The global web performance market is further segmented based on component, organization size, deployment mode, vertical, and geography.

Competitive Quadrant

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 several factors to divide the players into four categories. Some of these factors to consider for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments and market share growth.

Named companies

  • Akamai Technologies

  • Dynatrace

  • Microfocus

  • IBM

  • F5 networks

  • CA Technologies

  • Neustar

  • new relic

  • cloudflare

  • cavisson

  • Net magic solutions

  • CDNetworks

  • ZenQ

  • a thousand eyes

For more information on this report, visit https://www.researchandmarkets.com/r/2turjo

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