Global Application Platform Market 2024-2028

Global Application Platform Market 2024-2028

The application platform market is forecasted to grow by USD 5.67 bn during 2023-2028, accelerating at a CAGR of 6.34% during the forecast period. The report on the application platform market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing popularity of cloud-based services, the rapid development of the mobile application ecosystem, and increasing capital investment in application development for mobile and web.

Technavio's application platform market is segmented as below:

By Deployment

• On-premises
• aPaaS

By End-user

• Large enterprises
• SMEs

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the emergence of low-code application platforms as one of the prime reasons driving the application platform market growth during the next few years. Also, innovations in application platforms and a growing number of acquisitions and partnerships among vendors will lead to sizable demand in the market.

The report on the application platform market covers the following areas:

• Application platform market sizing
• Application platform market forecast
• Application platform market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading application platform market vendors that include Adobe Inc., Alphabet Inc., Amazon.com Inc., Appian Corp., Betty Blocks BV, BMC Software Inc., Caucho Technology Inc, Cisco Systems Inc., GigaSpaces, Hewlett Packard Enterprise Co., Hitachi Ltd., International Business Machines Corp., Microsoft Corp., Open Text Corp., Oracle Corp., Salesforce Inc., SAP SE, Siemens AG, VANTIQ Inc., Wipro Ltd., Zerone Consulting Pvt. Ltd., and Akamai Technologies Inc.. Also, the application platform market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.