Progressive Web Application Market Size, Share| 2027 | Industry Trends
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Growing penetration of smartphones and surging Internet usage are projected to drive the progressive web application market during the forecast period.
VANCOUVER, BRITISH COLUMBIA, CANADA, February 2, 2023 /EINPresswire.com/ -- The global progressive web application market is estimated to reach value of USD 10.44 Billion by 2027, according to a current analysis by Emergen Research. Progressive web applications (PWAs) remove any friction by using web to deliver app-standard experiences. The user need not have to install apps and he/she can simply navigate to the site on the browser, including Safari and Chrome. PWA focuses on loading more rapidly and using fewer data.
Rich features of progressive web application, such as push notifications on Android, touch gestures, geo-location, and ability to save icons of PWA on home screens to make them easily accessible, are making it popular among users. Moreover, another driving factor is that PWAs do have to replace native apps, as they work in tandem with them.
Progressive Web Application Market By Offering (Services, Tools & Libraries), By Application (Dynamic Web Application, Static Web Application), By End-user (Small- & Medium-sized Enterprises, Large Enterprises), By Industry Vertical (Retail & E-commerce, Media & Entertainment), and By Region
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Key market participants include Fusion Informatics, Deligence Technologies Pvt. Ltd., Aafilogic Infotech, Constant Infosolutions, CMARIX TechnoLabs, MLSDev, Nextyug India, Hidden Brain, Google Developers, IBM Corporation, and Microsoft.
A surge in the number of smartphone users and significant amount of time spent by these users on apps are projected to propel the progressive web application market during the forecast period. However, complicated, slow-building, and deploying applications are projected to hamper the adoption of this technology in the near future. PWAs occupy limited space and they can run on low Internet speed and on offline mode as well. This drives the demand for PWAs exponentially.
Key Highlights of Report
As more progressive web technology is infiltrating the market, more PWA frameworks and tools are being launched. Knockout, a free JavaScript, is a PWA tool that helps developers build responsive displays with Model-View-View Model (MVVM) (MWWM).
Dynamic web application is a framework software which controls construction of a web page and facilitates maintenance. Examples of dynamic web application include news apps and e-commerce apps.
The small- & medium-sized enterprises (SMEs) segment is estimated to expand at the most rapid CAGR during the forecast period, owing to high adoption of progressive web applications. Lack of sophisticated infrastructure and R&D teams in SMEs to develop apps is creating demand for the technology.
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For the purpose of this report, Emergen Research has segmented the global progressive web application market based on offering, application, end-user, industry vertical, and region:
Offering Outlook (Revenue, USD Billion; 2017–2027)
Services
Tools & Libraries
Application Outlook (Revenue, USD Billion; 2017–2027)
Dynamic Web Application
Static Web Application
End-user Outlook (Revenue, USD Billion; 2017–2027)
Small- & Medium-sized Enterprises
Large Enterprises
Industry Vertical Outlook (Revenue, USD Billion; 2017–2027)
Retail & E-commerce
Media & Entertainment
Real Estate
Travel & Tourism
Healthcare
Education
Others
Regional Outlook (Revenue, USD Billion; 2017–2027)
North America
U.S.
Canada
Europe
Germany
U.K.
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Rest of MEA
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