Market Synopsis
As per the Market Research Future Reports (MRFR), the global Web Performance Test Market is estimated to grow at a CAGR of approximately 8.20% during the review period from 2017 to 2023.
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The global Web Performance Test Market is flourishing at a very fast pace. The factors which propel the growth of the market are the rise of the e-commerce sector and increasing dependence of organization on web-based solutions and services. Moreover, the growing demand for mobile web performance solutions is estimated to bring an impact on the growth of the global Web Performance Test Market 2020. The innovations and developments in technology and have led to growth in the global Web Performance Test Market. The increased adoption of web performance solutions in the IT and telecommunication sector is propelling the market expansion. Also, with the convenience provided to the users with the adoption of web performance solution, the expansion of the global Web Performance Test Market is estimated.
Market Segmentation:
The global Web Performance Test Market is segregated on the basis of organization size, vertical, deployment, component, and region.
On the basis of organization size, the global Web Performance Test Market is classified into large enterprises and Small and medium enterprises.
On the basis of vertical, the global Web Performance Test Market is classified into healthcare, BFSI, manufacturing, transportation, automotive, IT and telecommunication, and others.
On the basis of deployment, the global Web Performance Test Market is classified into on-premise and cloud. The cloud-based segment is estimated to seize the largest market share of the global Web Performance Test Market due to the significant inclination of companies towards the adoption of cloud-based services in order to avoid the investment in IT infrastructure. Moreover, the cloud-based services assist in providing faster deployment, better scalability and agility benefits.
On the basis of components, the global Web Performance Test Market is classified into services and solutions. The solution vertical is further divided into web performance optimization, web performance monitoring, and web performance testing. The service segment is further sub-divided into consulting services, managed services, and implementation services.
Regional Analysis:
The global Web Performance Test Market has been analyzed for Asia Pacific, Europe, North America and the Rest of the World (RoW). The North America region seizes the maximum share of the market across the world followed by Europe and the Asia Pacific region.
North America is expected to acquire the largest share of the market. The expansion of the market in North America is accredited to technological developments and the growing adoption of web performance applications across several organizations such as manufacturing, healthcare, BFSI, IT and telecommunication and a few more. The US and Canada are leading the North American market owing to technological advancement. Moreover, the presence of well-established infrastructure which allows a smoother deployment of developed technologies. In addition to it, the rising adoption of web performance solutions across several verticals such as healthcare, BFSI, manufacturing among others is another crucial reason for the proliferation of the Web Performance Test Market in the region.
The APAC region is estimated to increase at the highest pace during the review period. There are several emerging economies like India, China, and Japan who are making several technological advancements that are helping in the expansion of the market in this region.
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Key Players:
Some of the prominent players in the global Web Performance Test Market are CA Technologies, Inc. (U.S.), Akamai Technologies, Inc. (U.S.), Cavisson Systems Inc. (U.S.), Cloudflare, Inc. (U.S.), CDNetworks (South Korea), Dynatrace (U.S.), IBM (U.S.), F5 Networks, Inc. (U.S.), Micro Focus International plc. (U.K), Neustar, Inc. (U.S.), Netmagic Solutions (India), ThousandEyes, Inc. (U.S.), New Relic, Inc. (U.S.), ZenQ (U.S.) among others.
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