According to a new report, published by KBV research, The Global Progressive Web Apps Market size is expected to reach $10.1 billion by 2031, rising at a market growth of 30.2% CAGR during the forecast period.
PWAs are gaining traction in emerging markets where internet connectivity may be limited or inconsistent. Their ability to function offline and have low data usage makes them ideal for these regions. Businesses in emerging markets increasingly use PWAs as a cost-effective alternative to native apps, allowing them to reach a broader audience without significant investment in app development.
The Large Enterprises Segment would register a CAGR of 29.2 % during the forecast period. Large enterprises often have a significant number of users and customers, which makes the broad reach and cross-platform compatibility of PWAs especially valuable. PWAs allow these companies to deliver a consistent, high-quality experience across various devices and operating systems.
The Social Media Segment led the Global Progressive Web Apps Market by Application in 2023; thereby, achieving a market value of $1.9 billion by 2031. Social media platforms thrive on real-time interactions and updates. PWAs enable faster and more efficient updates to content and notifications, ensuring users receive timely information and engagement opportunities. Social media platforms frequently involve heavy content, such as images and videos.
The Platform Segment growing at a CAGR of 30.6 % during the forecast period. Platforms offer development frameworks and tools that streamline the creation of PWAs. These tools provide developers with pre-built components, templates, and APIs to simplify the development process and ensure that PWAs adhere to the best performance and user experience practices.
Full Report: https://www.kbvresearch.com/progressive-web-apps-market/
The North America region dominated the Global Progressive Web Apps Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3.4 Billion by 2031. The Europe region is anticipated to grow at a CAGR of 29.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 30.8% during (2024 - 2031).
By Organization Size
By Application
By Component
By Geography
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