Google's headline research on the subject says "Improving your load time by 0.1s can boost conversion rates by 8%."
Some add'l data, sourced by Neilsen Group below:
- Google found that increasing the load time of its SERPs by half a second resulted in a 20% higher bounce rate.
- Google found 53% of mobile visits ended if a page took longer than 3 seconds to load.
- Akamai aggregated data from 17 retailers (7 billion pageviews) and found that conversion rates were highest for pages that loaded in less than 2 seconds; longer load times correlated with 50% drops in conversion rates and increased bounce rates, especially for mobile visitors.
- BBC found that for every extra second of page load time, 10% of users will leave.
Want to sell / fix this?
Here's the best three simple resource illustrating objective third party results from increasing site speed:
- https://blog.hubspot.com/marketing/page-load-time-conversion...
- https://www.cloudflare.com/learning/performance/more/website...
Here is a more compelling deeper look from a leader in the UX space:
- https://www.nngroup.com/articles/the-need-for-speed/
Here's a really well written article about how to PROVE to the powers that be that site speed is worth testing: