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Progressive Web Applications Market- By Offering Type [Services, Tools & Libraries], By Application Type [Dynamic Web Application, Static Web Application], By Mode of Interaction [Touch Based, Voice Based, Combination of Touch and Voice], By Industry Vertical [Retail & E-commerce, Media & Entertainment, Real Estate, Travel & Tourism, Healthcare, Education], By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030”.
Progressive Web Applications Market Overview:
The Progressive Web Applications Market size is estimated to reach $12 billion by 2030, growing at a CAGR of 28.7% during the forecast period 2023-2030. Progressive web applications (PWAS) are becoming increasingly popular among small and medium-sized businesses having various advantages, including the ability to function without an active connection to the web and the capacity to integrate mobile accessibility with native app engagement.
A progressive web application is a lightweight website that can be folded down as an application on a smartphone, with swift loading, comprehensive functionalities, and a helpful application symbol without really being a native application. As quoted by Meander Software Private Limited, almost half of smartphone users close the sites if the loading time of the website is over 3 seconds. So as an innovative solution, a progressive web application provides faster comprehension and lowers the website's bounce rate. These factors positively influence the Progressive Web Applications industry outlook during the forecast period.
Market Snapshot:
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Progressive Web Applications Market - Report Coverage:
The “Progressive Web Applications Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Progressive Web Applications Market.
COVID-19 / Ukraine Crisis - Impact Analysis:
∙ The pandemic has forced many businesses to shift their operations online, which has led to an increased demand for online services and applications. This has created new opportunities for PWAs, which offer a more seamless and engaging user experience than traditional web apps. With many people staying at home and relying on mobile devices for entertainment, communication, and work, the importance of mobile technology has increased. This has created new opportunities for PWAs, which are designed to work well on mobile devices.
∙ The war in Ukraine could lead to increased concerns about cybersecurity and data privacy, which impacted the adoption of PWAs. Businesses were more hesitant to adopt new technologies that could be vulnerable to security threats. The conflict in Ukraine could make it more difficult for businesses to localize their PWAs for the Ukrainian market. This limited the reach of PWAs in Ukraine and reduced opportunities for businesses operating in the country.
Key Takeaways:
∙ Fastest Growth of Asia-Pacific Region
Geographically, Asia-Pacific is expected to have the highest CAGR of 29.3% over the projection period 2023-2030 in the PWA market. Many businesses in the Asia Pacific region are focused on delivering mobile-first experiences to customers, which has created a strong demand for PWAs. The Asia Pacific region has a growing ecosystem of PWA developers and service providers, with many companies and developers offering PWA development services and tools.
∙ Tools & Libraries to Register the highest share
In the PWA industry analysis, Tools & Libraries segment is estimated to own a market size of $8.14 Billion by 2030 and is estimated to grow with a comparative CAGR of 28.5%. The PWA development community is growing rapidly, with more developers turning to PWAs as a way to create engaging and responsive mobile experiences. PWAs can be complex to develop, with many moving parts and requirements for things like offline functionality, push notifications, and performance optimization. This has created a strong demand for tools and libraries that help developers create PWAs more efficiently.
∙ Dynamic Web Applications to Lead the Market
According to the PWA market forecast, the Dynamic Web Applications type held the largest market share in 2022. With the rise of the experience economy, businesses are placing a greater emphasis on user experience. Dynamic web applications offer the ability to create engaging, interactive experiences that can help businesses to differentiate themselves from their competitors. Due to the rising usage of digital banking services, the banking, financial services, and insurance (B,FSI) sector is estimated to hold the biggest market share in the dynamic web application market during the forecast period.
∙ Growth of the Mobile Gaming Industry
PWAs can be accessed instantly through a mobile browser, without the need to download and install a separate app. This makes it easy for users to discover and play games without having to navigate through app stores. Offline capabilities and quick responses are additional benefits that PWAs started offering. The cost required for progressive web applications is 75% less than the present Mobile Apps; these are a few of the factors which are driving the growth of this market and creating further opportunities.
∙ Fragmented Ecosystem and Limited Awareness hampering the Market Growth
The PWA ecosystem is still relatively fragmented, with different tools and libraries available for PWA development. This can make it challenging for developers to choose the right tools and libraries for their projects, and can also create compatibility issues when integrating different tools and libraries.
One of the biggest challenges for the PWA industry is the lack of awareness among businesses and consumers. Many businesses are still unaware of the benefits of PWAs, while consumers are not familiar with the concept of PWAs. This can make it difficult for businesses to adopt PWAs and for developers to market PWA development services.
Progressive Web Applications Market Share (%) By Region, 2022
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Progressive Web Applications Market. The top 10 companies in this industry are listed below:
- Google LLC
- Microsoft Corporation
- Mozilla Foundation
- Apple Inc.
- Adobe Inc.
- Ionic
- Shopify Inc.
- Alibaba Group Holding Limited
- IBM Corporation
- Meta Platforms
Scope of the Report:
Relevant Reports:
Report Code: ITR 0174
Report Code: ITR 0033
Report Code: ITR 0010
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1. Progressive Web Applications Market - Overview
1.1. Definitions and Scope
2. Progressive Web Applications Market - Executive Summary
3. Progressive Web Applications Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Progressive Web Applications Market - Start-up Companies Scenario (Premium)
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Progressive Web Applications Market – Market Entry Scenario Premium (Premium)
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Progressive Web Applications Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Progressive Web Applications Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Progressive Web Applications Market – by Offering Type (Market Size – $Million/$Billion)
8.1. Services
8.2. Tools & Libraries
9. Progressive Web Applications Market – by Application Type(Market Size – $Million/$Billion)
9.1. Dynamic Web Application
9.2. Static Web Application
10. Progressive Web Applications Market – by Mode of Interaction Type (Market Size – $Million/$Billion)
10.1. Touch Based
10.2. Voice Based
10.3. Combination of Touch and Voice
11. Progressive Web Applications Market – by Industry Vertical (Market Size – $Million/$Billion)
11.1. Retail & E-commerce
11.2. Media & Entertainment
11.3. Real Estate
11.4. Travel & Tourism
11.5. Healthcare
11.6. Education
11.7. Others
12. Progressive Web Applications Market – by Geography (Market Size – $Million/$Billion)
12.1. North America
12.1.1. The U.S.
12.1.2. Canada
12.1.3. Mexico
12.2. Europe
12.2.1. UK
12.2.2. Germany
12.2.3. France
12.2.4. Italy
12.2.5. Spain
12.2.6. Russia
12.2.7. Rest of Europe
12.3. Asia-Pacific
12.3.1. China
12.3.2. India
12.3.3. Japan
12.3.4. South Korea
12.3.5. Australia & New Zealand
12.3.6. Rest of Asia-Pacific
12.4. South America
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Chile
12.4.4. Colombia
12.4.5. Rest of South America
12.5. Rest of the World
12.5.1. Middle East
12.5.2. Africa
13. Progressive Web Applications Market – Entropy
14. Progressive Web Applications Market – Industry/Segment Competition Landscape Premium
14.1. Market Share Analysis
14.1.1. Market Share by Offering Type – Key Companies
14.1.2. Market Share by Region – Key Companies
14.1.3. Market Share by Country – Key Companies
14.2. Competition Matrix
14.3. Best Practices for Companies
15. Progressive Web Applications Market – Key Company List by Country Premium Premium
16. Progressive Web Applications Market - Company Analysis
16.1. Google LLC
16.2. Microsoft Corporation
16.3. Mozilla Foundation
16.4. Apple Inc.
16.5. Adobe Inc.
16.6. Ionic
16.7. Shopify Inc.
16.8. Alibaba Group Holding Limited
16.9. IBM Corporation
16.10. Meta Platforms
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The PWA is projected to grow at 28.7% CAGR during the forecast period 2023-2030.
The Global Progressive Web Applications Market size is estimated to be $1.6 billion in 2023 and is projected to reach $12 billion by 2030
The leading players in the PWA Market are Google LLC., Microsoft Corporation, Mozilla Foundation, Apple Inc., Adobe Inc. and others.
Integration with Native Features, Increased use of AI and Machine Learning, Rise of Low-Code and No-Code platforms are some of the major PWA Market trends in the industry which will create growth opportunities for the market during the forecast period.
Increasing construction activities of commercial and residential buildings, better durability and performance of Progressive Web Applications are the driving factors of the market.