06-Feb-2020 | Facts and Factors
Facts and Factors has authored “Progressive Web Application Market By Offering (Tool & Libraries, and Service), and By Application (Static Web Application, and Dynamic Web Application), and By End-User (Small and Medium Enterprise, and Large Enterprise), and By Industry Vertical (Media and Entertainment, Travel and Tourism, Retail and E-Commerce, Real Estate, Education, Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 - 2026”. Based on our analysis, the global progressive web application market in 2019 is approximately USD 1,100 Million and to reach around USD 7,600 Million by 2026. The anticipated CAGR for the progressive web application market is around 34% from 2020 to 2026.
A progressive web application is lightweight sites that can twofold down as an application on a smartphone, with a quick loading, rich highlights, and a helpful application symbol without really being a native application. Progressive Web Apps are a blend of best of applications and the best of the web, offering an unmatched encounter right from portable to work area. Progressive Web Apps doesn’t require any kind of installation on the smartphone as it can be saved directly from the website to a smartphone home screen. It also saves phone storage/memory. The progressive web application can work without the internet. The reserved put away on the smartphone makes it simple to load progressive web application in offline mode. Progressive web application improves the execution of apps on smartphones. As indicated by Meander Software Private Limited, roughly half of the smartphone users will close the sites if the loading time of the website is over 3 seconds. Regardless of whether the site loads quickly, they anticipate that it should be quick in the wake of loading. Consequently, the Progressive web application gives quicker understanding and decreases the bounce-back rate on the website.
Browse the full “Progressive Web Application Market By Offering (Tool & Libraries, and Service), and By Application (Static Web Application, and Dynamic Web Application), and By End-User (Small and Medium Enterprise, and Large Enterprise), and By Industry Vertical (Media and Entertainment, Travel and Tourism, Retail and E-Commerce, Real Estate, Education, Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 - 2026” report at https://www.fnfresearch.com/progressive-web-application-market
Due to progressive web application advantages, companies are interested in investing in it. As the development of progressive web application is very inexpensive compared to native Mobile Apps. The cost required for progressive web application is 75% less than the present Mobile Apps, so this is some of the factors which are driving the growth of this market. progressive web application still doesn’t have access to full hardware of smartphones, unlike native app which is one of the restraints of this market.
Based on segmentation the market can be classified on the basis of by offering, by application, by end-user, and by industry vertical. Based on the offering, tool and libraries segment accounted for the largest share of the global Progressive Web Apps Market in 2019. Further, by application segments include static web application and dynamic web application in which dynamic web application accounts for the market share of around 64% and is expected to dominate in the target market. Additionally, it can be segmented into end-user, which includes small and Medium Enterprise, and Large Enterprise in which Small and Medium Enterprise accounts for the major share and is expected to dominate in the Progressive web application market.
Based upon the region the global Progressive Web Apps market has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. In terms of revenue, North America is expected to dominate the world market relative to markets in other regions during the 2019-2026 forecast period. Due to the high adoption rate of advanced technology North America had a major market share for the Progressive web application market.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1,100 Million |
Projected Market Size in 2026 |
USD 7,600 Million |
CAGR Growth Rate |
34% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Angular, Cloud Four Inc, DockYard Inc, Enonic AS, GoodBarber, IBM Corp, Ionic, Kreyon, Microsoft, Preact., and others. |
Key Segment |
By Offering, Application, End-user, Industry Vertical, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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The key players operating in the market are Angular, Cloud Four Inc, DockYard Inc, Enonic AS, GoodBarber, IBM Corp, Ionic, Kreyon, Microsoft, Preact. Companies operating in the target market are focusing on strategic partnerships such as mergers and acquisitions in order to get a competitive edge in the global market.
This report segments the progressive web application market as follows:
Global progressive web application Market: By Offering Segment Analysis
Global progressive web application Market: By Application Segment Analysis
- Static Web Application
- Dynamic Web Application
Global progressive web application Market: By End-Users Segment Analysis
- Small and Medium Enterprise
- Large Enterprise
Global progressive web application Market: Industry Vertical Analysis
- Media and Entertainment
- Travel and Tourism
- Retail and E-Commerce
- Real Estate
- Education
- Healthcare
- Others
Global progressive web application Market: Regional Segment Analysis
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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