Emerging Progressive Web Application Market Growth, Overview, Competitive Strategies and Forecast 2021-2028
Growing smartphone penetration and growing internet usage is expected to drive the progressive web application market over the forecast period
VANCOUVER, BC, CANADA, March 8, 2022 /EINPresswire.com/ — The progressive web applications market is expected to reach a value of $10.44 billion by 2027, according to current analysis from Emergen Research. Progressive Web Apps (PWAs) eliminate friction by using the web to deliver app standards-compliant experiences. The user does not need to install any apps and he can just browse the site on the browser including Safari and Chrome. PWA focuses on loading faster and using less data.
The Progressive Web App‘s rich features, such as Android push notifications, touch gestures, geo-fencing, and the ability to save PWA icons to home screens for easy access, make it popular among the users. Additionally, another driving factor is that PWAs should replace native apps, as they work in tandem with them.
An increase in the number of smartphone users and a significant amount of time spent by these users on applications is expected to propel the progressive web application market during the forecast period. However, complicated applications that are slow to build and deploy are expected to hinder the adoption of this technology in the near future. PWAs take up limited space and can also work at low internet speeds and in offline mode. This drives the demand for PWAs exponentially.
The study performs historical evaluation of the Progressive Web Application from 2021 to 2028, focusing on market trends, revenue share, growth rate, production capacity, pricing structure and others essential aspects during this period. The report emphasizes on-going demands and trends of the global Progressive Web Application market, more importantly, major regions of the market. Additionally, our analysts have included SWOT analysis and Porter’s Five Forces analysis in the report to offer a better understanding of the competitive spectrum of this ever-changing industry. Moreover, the report sheds light on the cutting-edge expansion strategies adopted by market competitors such as mergers and acquisitions, joint ventures, partnerships and collaborations, new product launches, and brand promotions.
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The global Progressive Web Application market includes various segments including product type outlook, application spectrum, end-user overview, major regions, and competition analysis. The report further provides insights into the value chain, emerging market sectors, and technological advancements in the industry for the benefit of readers and companies looking to invest in this industry.
Key Market Competitors Featured in the Report:
Computer Fusion, Deligence Technologies Pvt. Ltd., Aafilogic Infotech, Constant Infosolutions, CMARIX TechnoLabs, MLSDev, Nextyug India, Hidden Brain, Google Developers, IBM Corporation and Microsoft.
Dynamic web application is framework software that controls the construction of a web page and facilitates maintenance. Examples of dynamic web applications include news applications and e-commerce applications.
The small and medium enterprise (SME) segment is expected to grow at the fastest CAGR over the forecast period, owing to the high adoption of progressive web applications. The lack of sophisticated infrastructure and R&D teams in SMEs to develop applications creates a demand for the technology.
The significant driving forces shaping the future of the Progressive Web Application Market for the forecast period 2021-2028 find special mention in the study and are backed up by real-time statistics. In-depth industry segmentation by type, application, classification, and geography provides impetus for increasing sales figures and improving business prospects, alongside barriers that often limit industry growth. Furthermore, market bifurcation on the basis of consumption volume, customer preference, end-user, and production capacity is explained by substantial resources including graphs, graphic images, and tables.
For the purposes of this report, Emergen Research has segmented the global Progressive Web Application market based on offer, application, end-user, industry vertical, and region:
Supply Outlook (Revenue, USD Billion; 2017-2027)
Tools and Libraries
Application Outlook (Revenue, USD Billion; 2017-2027)
Dynamic Web Application
Static Web Application
End User Outlook (Revenue, USD Billion; 2017-2027)
Small and medium enterprises
Industry Vertical Outlook (Revenue, USD Billion; 2017-2027)
Retail and e-commerce
Media and Entertainment
Travel & Tourism
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The research segments the market based on product type, applications, and end use. It features the company’s key players and their individual contribution to the global economy. The report focuses on significant investments, business ventures, mergers, acquisitions, collaborations as well as technological developments in the field. It also assesses upcoming areas and business niches. The researcher aims to offer expert information related to the industry and new opportunities available in the market.
Target audience of the report:
Large, medium and small businesses
Value Added Resellers (VAR)
Third-Party Knowledge Providers
The report considers the following timeline for market estimation:
Historical years: 2019-2020
Reference year: 2020
Estimated year: 2021
Forecast years: 2021-2028
Key Progressive Web Application Market Coverage:
Insightful insights into the Global Progressive Web Application Market
Identifying growth in various segments and sub-segments of the Progressive Web Application Market
Strategic recommendations for investment opportunities
The report covers important industry related statistics along with products, applications, price analysis, demand and supply, and rate of production and consumption
Emerging trends and analysis of current market segments to help investors formulate new business strategies
Accelerates the decision-making process thanks to the availability of pilots and constraints
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The Global Progressive Web Application Market report assesses the latest economic scenario in terms of value and volume. It highlights key growth drivers, restraints, production capacity, demand/supply ratio, import/export status, growth rate and other critical aspects. In addition, the report also conducts SWOT analysis, Porter’s five forces analysis, speculation accessibility survey, and business return survey.
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