The exciting growth of the web performance market explained

Steadily, one can observe that, the major factors driving the web performance market growth are the growth of the eCommerce industry, and proliferation of images, videos, and rich media on the web.

According ResearchAndMarkets.com, North America is expected to have the largest share in the web performance market during the forecast period. Enterprises in North America have shifted from the traditional business approach to online platforms, which are expected to drive the growth of the eCommerce industry in the region. 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 North American web performance market.

Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period, as the region has the presence of creditable organizations that are gradually embracing the adoption of advanced technologies.

ResearchAndMarkets.com also reveals that, the web performance market is forecast to grow from USD 3.50 Billion in 2017 to USD 5.45 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period.