Progressive Web Applications Market Size Worth $12 Billion By 2030: IndustryARC

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, according to a recent report published by IndustryARC. Growing Applications of AI and Machine Learning and the Rising Popularity of Low-Code Platforms are fuelling the growth of the Progressive Web Applications industry finds IndustryARC in its recent report, titled “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”.

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Asia Pacific to Register Highest Growth:

Geographically, the global Progressive Web Applications market share, Asia-Pacific is analyzed to grow with the highest CAGR of 29.3% during the forecast period 2023-2030. 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.

For Instance, In January 2022, Google announced that it had partnered with Singapore-based fintech startup, Bambu, to develop a PWA-based investment platform. Similarly, there had been a plethora of developments in the Asia Pacific region in the PWA market.

Progressive Web Applications Market 2023-2030: Segmentation

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Progressive Web Applications Report – Key Takeaways:

• Tools & Libraries record the highest share

In the PWA industry analysis, Tools & Libraries segment is estimated to own more than 60% market share by 2030 and is estimated to grow with a comparative CAGR of 28.5% next to the services type of offering. PWAs can be complex to develop, with many moving parts and requirements for things like offline functionality, push notifications, and performance optimization. As a result, developers need a wide range of tools and libraries to help them create and maintain high-quality PWAs.

• Dynamic Web Applications is the market leader.

According to the PWA market forecast, the Dynamic Web Applications type held more than half of the 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.

• North America is Leading the Market

North America region had the highest market share in the PWA Market with a 43% market share in 2022. North America has one of the highest internet penetration rates in the world, with access to high-speed internet connectivity in most urban and suburban areas. This has enabled the widespread adoption of PWAs, which require fast and reliable internet connectivity to function optimally.

Additionally, North America has one of the highest adoption rates of mobile devices in the world, with over 80% of the population using a smartphone. This has created a huge demand for mobile-first and responsive web applications, which are ideally suited for PWAs.

• Fragmented Ecosystem and Limited Awareness pose a challenge to the Market Growth

The PWA ecosystem is currently highly fragmented, with several PWA development tools and frameworks available. This can make it difficult for developers to select the appropriate tools and libraries for their projects, and it can also cause compatibility concerns when combining multiple tools and libraries.

The lack of knowledge among businesses and customers is one of the most significant issues for the PWA sector. Many companies are still unaware of the benefits of PWAs, and many customers are not familiar with the concept. As a result, businesses may find it difficult to embrace PWAs, and developers may find it challenging to promote PWA development services.

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Key Opportunity Analysis:

• Integrating with Emerging Technologies

As new technologies such as artificial intelligence and the Internet of Things gain traction, there will be potential for PWAs to be combined with these technologies to deliver even more customized and seamless user experiences. For example, AI and ML can be used to analyze user behavior and preferences, and then provide personalized recommendations or content. They can also be used to automate certain tasks or processes, such as chatbots for customer service or fraud detection in financial applications. Similarly, there are a wide number of use cases for these emerging technologies that boost the PWA market.

• 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 application is 75% less than the present Mobile Apps, so this is some of the factors which are driving the growth of this market and creating further opportunities.

• Rising Demand for Outsourcing Services

There is a growing demand for outsourcing services in the PWA market, as more businesses and organizations seek to develop high-quality, responsive, and engaging PWAs but lack the in-house expertise to do so. Outsourcing services can help businesses to reduce costs, speed up time to market, and access a wider range of skills and expertise. Key outsourcing services may include services like PWA deployment, Design and UX, Maintenance and Support.

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The Report also Covers the Following Areas:

• Progressive Web Applications Market Size and Forecast
• Progressive Web Applications Market Trends
• Progressive Web Applications Market Analysis by Product Type

Progressive Web Applications Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain Analysis of key stakeholders
• Detailed Analysis of market drivers and opportunities during the forecast period
• Progressive Web Applications Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials.
• Comprehensive analysis of challenges and constraints in the Progressive Web Applications Market.

Covid and Ukrainian Crisis Impact:

• 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.

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List of Key Market Players in Progressive Web Applications Market:

The Progressive Web Applications Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• Google LLC
• Microsoft Corporation
• Mozilla Foundation
• Apple Inc.
• Adobe Inc.
• Ionic
• Shopify Inc.
• Alibaba Group Holding Limited
• IBM Corporation
• Meta Platforms

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