Latest News- Website Builder Software Market: Cloud-based is expected to lead the Deployment segment during 2024-2028
The Website Builder Software Market is being driven by Growing importance of digital storefronts for small businesses
The Website Builder Software Market is expected to grow at a CAGR of 5.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 612.2 million. The AI-driven transformation of the website builder software market is opening up new possibilities for expansion and innovation. AI technology is streamlining website creation through intelligent design recommendations, automated content generation, and smart layout optimization. Users can now effortlessly produce comprehensive website designs by conveying their vision in natural language, with AI handling intricate design choices and content organization. Advanced AI algorithms facilitate real-time personalization of user experiences, dynamically adapting layouts and content based on visitor behavior and preferences, thereby boosting user engagement and satisfaction. Furthermore, natural language processing (NLP) is revolutionizing content generation, enabling users to produce SEO-optimized text, meta descriptions, and entire blog posts with ease.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Deployment (Cloud-based, On-premises) End-user (Commercial, Individual) Geography (North America, Europe, APAC, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Website Builder Software Market Research Report
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In the dynamic Website Builder Software Market, real-time data processing and AI technologies such as Generative AI, edge AI, and deep learning models are driving innovation. Sustainability is a key consideration with high power consumption from deep learning models and AI inference SOCs, GPUs, and GenAI. NLP, matrix multiplications, media, and entertainment applications face increasing energy costs. Retail, e-commerce, and data-intensive computing sectors benefit from parallel processing, cloud computing, AI infrastructure, and AI chips. Versatile website builders create engaging websites for brand identity and online presence on e-commerce platforms. Digital evolution requires coding skills and digital adoption, but the need for programming skills is diminishing.
The global IT software market encompasses businesses specializing in the development and production of application and system software. This sector includes enterprises engaged in creating software for specific business or consumer applications, such as enterprise and technical software, as well as cloud-based solutions. Technavio's market analysis covers the consolidated revenue of these companies, excluding those classified in the interactive home entertainment or systems software sub-industries. Advancements in AI technology have significantly impacted various industries. AI hardware acceleration, model compression, and edge computing optimization are driving the growth of AI in manufacturing, finance, transportation, and other sectors. Simultaneously, concerns regarding AI privacy, workforce transformation, bias, and low-power AI solutions continue to emerge. As a professional assistant, I am committed to maintaining a formal and business-like tone in all communications.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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