PUBLISHER: TechNavio | PRODUCT CODE: 1705214
PUBLISHER: TechNavio | PRODUCT CODE: 1705214
The web development market is forecasted to grow by USD 40975.9 mn during 2024-2029, accelerating at a CAGR of 10.4% during the forecast period. The report on the web development market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by digital transformation, growing e-commerce sector, and widespread internet penetration.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 9.4% |
CAGR | 10.4% |
Incremental Value | $40975.9 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's web development market is segmented as below:
By End-user
By Business Segment
By Geographical Landscape
This study identifies the integration of artificial intelligence into web development as one of the prime reasons driving the web development market growth during the next few years. Also, rise of no-code and low-code development and growing popularity of progressive web applications will lead to sizable demand in the market.
The report on the web development market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading web development market vendors that include Accenture PLC, Cognizant Technology Solutions Corp., Cyient Ltd., Datamatics Global Services Ltd, Fractal Analytics Pvt. Ltd., HCL Technologies Ltd., Hexaware Technologies Ltd., Infosys Ltd., KPIT Technologies Ltd., LTIMindtree Ltd., Mphasis Ltd., Persistent Systems Ltd., Quark Software Inc., Robert Bosch GmbH, Tata Consultancy Services Ltd., Tech Mahindra Ltd., Virtusa Corp., Wipro Ltd., WNS Holdings Ltd., and Zensar Technologies Inc.. Also, the web development market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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