The growing demand for improved user experience and higher performance are driving market growth.
New York, USA, Jan. 08, 2025 (GLOBE NEWSWIRE) — Market Statistics
According to an exhaustive report by Polaris Market Research, the global progressive web apps market is poised for significant growth over the next decade. In 2024, global sales income reached USD 1,487.33 million. Predicted to boost at a robust CAGR of 31.0%, the market is estimated to reach USD 22,069.45 million by 2034.
What are Progressive Web Apps?
A native app is a software application structured in a particular programming language for a specific device platform, either IOS or Android. PWAs are structured with potential such as push alerting and the capability to operate offline. They are also structured on and progress with contemporary APIs which render it simple to convey enhanced potential and the capacity to instigate them on any device. PWA benefits from the massive web ecosystem, which, in addition to the plugins and the section and the comparative alleviation of installing and maintaining a website, which is quite arduous to advance.
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Key Takeaways from the Report
- The market is expected to exhibit a CAGR of 31.0%.
- The market for progressive web apps is expanding due to it diminishing the requirement for app store downloads rendering it effortlessly discoverable and adaptable.
- The progressive web apps market analysis is primarily based on component, organization size, application, and region.
- In 2024, North America dominated the market with the largest share and is anticipated to continue its dominance during the forecast period.
Progressive Web Apps Market Dynamics
Growth Drivers
Growing Internet Reach: The progressive web apps market size is expanding due to the growing internet reach, and escalated smartphone possession has ignited the demand for progressive web apps by extending the breach between user comfort and technological availability. The GSM Association (GSMA) registered that a major chunk of the global population possesses a smartphone.
Acquisition of Progressive Technologies: The acquisition of progressive technologies such as AI, ML, and IoT is transforming the market. These progressions are sanctioning more customized, context-conscious user occurrences, additionally pushing the plead and development of PWAs. AI and IoT amalgamation permit for real-time data processing apocalyptic perspectives and spirited user interchange, rendering our applications astute, speedier, and more reactive to personal requirements.
Trends and Opportunities
Reliable Mobile Web Communications: PWAs offer speedier, more dependable, and more appealing mobile web communications, which has become an important element for businesses looking to maximize customer arrangement and satiation. Elevated presentation on account of elements such as offline operations, speedy load times, and smooth navigation has generated a gainful market for PWAs which suggests that the progressive web apps market demand is expanding.
Easing Advancement Procedures: By using a solitary codebase that operates across both web and mobile platforms, PWAs ease advancement procedures. Businesses can circumvent the intricacies and tariffs of sustaining discrete apps for platforms such as Android and iOS.
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Competitive Analysis
Prominent market contenders are funding massively in research and development so as to augment their product lines, which will assist the market to grow even more. Market contenders are also venturing into an assortment of tactical ventures to augment their global footprint with crucial market advancements involving contemporary product instigations, contractual agreements, mergers and acquisitions, elevated funding, and association with other firms.
Major players operating in progressive web apps market are:
- Alokai
- Cloud Four, Inc.
- DockYard Inc.
- Enonic AS
- GoodBarber
- IBM Corporation
- Meta
- Microsoft
- OutSystems
- Svelte
Regional Insights
North America: The region held the largest revenue share due to its progressive technological framework and culture of invention. Additionally, the progressive web apps market is further strengthened by the elevated demand for receptive web applications causing extensive PWA acquisitions in the region.
Asia Pacific: The region’s strong technological framework, growing disposable income, and extensive internet and smartphone reach concerns throughout the region are expected to drive the Asia Pacific progressive web apps market with the highest CAGR during the forecast period.
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Progressive Web Apps Market Segmentation
By Component Outlook
- Platform
- Desktop PWAs
- Mobile PWAs
- Tablet PWAs
- Services
By Organization Size Outlook
- Large Enterprises
- Medium Enterprises
- Small Enterprises
By Application Outlook
- Social Media
- E-commerce and Retail
- Media and Entertainment
- Travel and Tourism
- Healthcare
- Education
- Banking and Financial Services
- Others
By Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.
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The post Progressive Web Apps Market Share to Rise at 31.0% CAGR, to Reach USD 22,069.45 Million by 2034 | PMR first appeared on CXP – Customer Experience Asia.
