Industry Background:
The global Web Performance Testing market is expected to witness high demand in the forecasted period due to the increasing usage of the internet, the growing popularity of social media sites. Web Performance Testing is executed to provide accurate information on the readiness of an application through testing the web site and monitoring the server-side application. Enterprises have shifted from the traditional business approach to online platforms, which is expected to drive the growth of the eCommerce industry across the world. This has created a demand for new websites and web applications, thereby leading to more need for web performance solutions. This is one of the major reasons for the significant growth of the web performance testing market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | IBM (United States), Cloudflare (United States), Dynatrace (United States), F5 Networks (United States), Micro Focus (United Kingdom), Netmagic (India), Akamai (United States), CA Technologies (United States), Cavisson (United States) and CDNetworks (Korea) |
According to AMA, the market for Web Performance Testing is expected to register a CAGR of 9.2% during the forecast period to 2027. This growth is primarily driven by The Proliferation of Images, Videos, and Rich Media on the Web and The Increasing Demand for Cloud Solutions.
Globally, a noticeable market trend is evident Rapidly Growing E-commerce Industry
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IBM (United States), Cloudflare (United States), Dynatrace (United States), F5 Networks (United States), Micro Focus (United Kingdom), Netmagic (India), Akamai (United States), CA Technologies (United States), Cavisson (United States) and CDNetworks (Korea), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 12th September 2019, Optimizely, the world's leader in digital experience optimization, today launched Performance Edge, a new product that enables high-performing experimentation teams to easily scale their programs and run more experiments without compromising customer experience. Performance Edge enables visual-editor based website experiments to run faster on average in less than 50 milliseconds, or faster than the blink of an eye by moving decision logic from the browser to the CDN.
On 22nd July 2019, VEXXHOST, a leader in online web hosting and cloud hosting services, today announced its expanded partnership with Cloudflare, the web performance and security company. VEXXHOST is the first hosting provider to offer CloudFlare’s innovative Railgun web performance optimization technology as a free option for all its customers.
Influencing Trend:
Rapidly Growing E-commerce Industry and High Adoption due to Rise in Security Breaches and Cyber-Attacks Targeting Enterprise Websites
Market Growth Drivers:
The Proliferation of Images, Videos, and Rich Media on the Web and The Increasing Demand for Cloud Solutions
Challenges:
The Dearth of Awareness About Web Performance Solutions and High Deployment Costs and the Need to Quickly Deploy Solutions for the End-Users
Restraints:
The Increasing Concern Regarding Cost ASsociated with Web Performance Testing
Opportunities:
High Adoption from Highly Regulated Industry Verticals and Increasing Popularity of Mobile Web Performance Solutions
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Web Performance Testing Market
- Analysis about New Entrants in Web Performance Testing Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Web Performance Testing Study Sheds Light on
The Web Performance Testing Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Web Performance Testing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Web Performance Testing industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.