Global Rapid Application Development Market to Reach $802.8 Billion by 2030
The global market for Rapid Application Development estimated at US$86.5 Billion in the year 2023, is expected to reach US$802.8 Billion by 2030, growing at a CAGR of 37.5% over the period 2023-2030. Rapid Application Development Tools, one of the segments analyzed in the report, is expected to record 36% CAGR and reach US$416.5 Billion by the end of the analysis period. Growth in the Rapid Application Development Services segment is estimated at 39.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $28.7 Billion, While China is Forecast to Grow at 34.9% CAGR
The Rapid Application Development market in the U.S. is estimated at US$28.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$121.3 Billion by the year 2030 trailing a CAGR of 34.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.7% and 31.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 24.4% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook