Growing technological advancements and growing need for online business portals are driving demand for website builders in key geographies
Seoul, South Korea, June 30, 2022 (GLOBE NEWSWIRE) — The global website builder market is expected to reach US$3.5 billion by the end of the forecast period 2022-2032, with growth at a CAGR of 6.9%, concludes a recent report published by Fact.MR. As of 2022, the market is poised to reach US$1.8 billion, representing a dollar opportunity worth US$1.7 billion over the next decade.
Advances in technology have pushed sales to new heights.
Demand has increased significantly from 2015 to 2021, registering a growth rate of 7.6% to be valued at US$1.7 billion. Growing demand for e-commerce platforms across the globe is driving the website builder market growth. The adoption of innovative technology solutions and services for enhanced user experience and improved operational productivity is expected to provide significant opportunities to the market over the assessment period.
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An increase in the adoption of cloud-based services by large enterprises as well as SMBs is also driving the sales of the website builder market during the forecast period. Additionally, the increasing technological proliferation and adoption of smart mobile devices are also influencing the demand for the website builder market. These trends are likely to drive the market for website builders.
Leading Website Builder Industry Growth Drivers
Increase Internet Penetration to Positively Impact Website Builder Market Growth
As the volume of online business transactions increases exponentially, the demand for website builders is gaining major traction. An increase in the adoption of cloud-based services by large enterprises as well as SMBs is also driving the sales of the website builder market during the forecast period.
Additionally, the increasing technological proliferation and adoption of smart mobile devices are also influencing the demand for the website builder market. All of these technology trends are driven by user demand and desire for increased convenience, functionality, and efficiency.
Additionally, the growing demand for e-commerce platforms across the globe is driving the growth of the website builder market. The adoption of innovative technology solutions and services for enhanced user experience and improved operational productivity is expected to provide significant opportunities to the market over the assessment period.
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Key segments covered by the Website Builders Industry survey
The global website builder market is characterized by the presence of multiple vendors, aiming to offer extensive consulting and integration services to clients. In addition, companies are looking for specialized service providers, offering tailor-made solutions to meet their business objectives. Also, vendors are likely to leverage product upgrading and differentiation to gain advantage over other competitors in the market.
September 2020 – GoDaddy announced that its popular content design app Over by GoDaddy is now deeply integrated with Websites + Marketing. This makes it easy for anyone to create impactful visuals right within Websites + Marketing, its website builder and marketing toolset.
In September 2020 – Mono Solutions announces a partnership with Lokale Internetwerbung GmbH & Co. KG, an expert in providing a SaaS marketing solution to local businesses. This partnership brings the addition of Mono Websites to their exclusive toolbox offering, the main hub platform.
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The key players in the Website Builders Market
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Main takeaways from Website Builders Market research
Global Website Builder Market to Grow 2x from 2022 to 2032
The United States will become the dominant market for website builders, reaching US$1.2 billion by 2032
China will be the fastest growing market, registering a CAGR of 6.2% over the decade
South Korea, UK and Japan are likely to generate dollar opportunities worth $44.1m, $63.6m and $81.6m respectively.
Based on type, PC website builders are experiencing peak expansion, with a CAGR of 6.2%.
Cloud-based to become the top deployment type category, growing 6.4% through 2032
About Fact.MR Technology Division
Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced technology team help customers around the world meet their unique business intelligence needs. With a repository of over a thousand reports and over a million data points, the team has analyzed the tech industry in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services.
Check out Fact.MR’s coverage on the JTechnological field-
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