Global Rapid Application Development Market 2023-2027

Global Rapid Application Development Market 2023-2027

Technavio has been monitoring the rapid application development market and is forecast to grow by $129.02 bn during 2022-2027, accelerating at a CAGR of 39.7% during the forecast period. Our report on the rapid application development 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 increasing adoption of cloud-based services, enterprise mobility to drive the adoption of smartphones in businesses, and elimination of gaps in required IT skills.

Technavio's rapid application development market is segmented as below:

By Capacity

  • Large enterprises
  • Small and medium enterprises
By Deployment
  • On-premise
  • Cloud based
By Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies technological advances in application development as one of the prime reasons driving the rapid application development market growth during the next few years. Also, rise in customer awareness about finance and digitization and emergence of low-code development platform (LCDP) will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the rapid application development market covers the following areas:
  • Rapid application development market sizing
  • Rapid application development market forecast
  • Rapid application development market industry analysis
Technavio's 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 rapid application development market vendors that include Amazon.com Inc., AmpleLogic, Appian Corp., International Business Machines Corp., Idera Inc., Kissflow Inc., Mendix Technology BV, Microsoft Corp., Ninox Software GmbH, Oracle Corp., Oro Inc., OutSystems Software em Rede SA, Pegasystems Inc., Quickbase Inc., Radzen Ltd., Salesforce.com Inc., ServiceNow Inc., Temenos Headquarters SA, WPP Plc, and Zoho Corp. Pvt. Ltd. Also, the rapid application development 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.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by 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. Technavio's 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.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Capacity
      • Table Executive Summary – Chart on Market Segmentation by Deployment
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global rapid application development market 2017 - 2021
      • Table Historic Market Size – Data table on global rapid application development market 2017 - 2021 ($ billion)
    • Capacity Segment Analysis 2017 - 2021
      • Table Historic Market Size – Capacity Segment 2017 - 2021 ($ billion)
    • Deployment Segment Analysis 2017 - 2021
      • Table Historic Market Size – Deployment Segment 2017 - 2021 ($ billion)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size – Country Segment 2017 - 2021 ($ billion)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Capacity
    • Market segments
      • Table Chart on Capacity - Market share 2022-2027 (%)
      • Table Data Table on Capacity - Market share 2022-2027 (%)
    • Comparison by Capacity
      • Table Chart on Comparison by Capacity
      • Table Data Table on Comparison by Capacity
    • Large enterprises - Market size and forecast 2022-2027
      • Table Chart on Large enterprises - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Large enterprises - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Large enterprises - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Large enterprises - Year-over-year growth 2022-2027 (%)
    • Small and medium enterprises - Market size and forecast 2022-2027
      • Table Chart on Small and medium enterprises - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Small and medium enterprises - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Small and medium enterprises - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Small and medium enterprises - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Capacity
      • Table Market opportunity by Capacity ($ billion)
  • Market Segmentation by Deployment
    • Market segments
      • Table Chart on Deployment - Market share 2022-2027 (%)
      • Table Data Table on Deployment - Market share 2022-2027 (%)
    • Comparison by Deployment
      • Table Chart on Comparison by Deployment
      • Table Data Table on Comparison by Deployment
    • On-premise - Market size and forecast 2022-2027
      • Table Chart on On-premise - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on On-premise - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on On-premise - Year-over-year growth 2022-2027 (%)
      • Table Data Table on On-premise - Year-over-year growth 2022-2027 (%)
    • Cloud based - Market size and forecast 2022-2027
      • Table Chart on Cloud based - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Cloud based - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Cloud based - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Cloud based - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Deployment
      • Table Market opportunity by Deployment ($ billion)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • France - Market size and forecast 2022-2027
      • Table Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on France - Year-over-year growth 2022-2027 (%)
      • Table Data Table on France - Year-over-year growth 2022-2027 (%)
    • Canada - Market size and forecast 2022-2027
      • Table Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing adoption of cloud-based services
      • Enterprise mobility to drive the adoption of smartphones in businesses
    • Market challenges
      • Complexity involved in application development, planning, and estimation
      • Dependency on vendor-supplied customization
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Technological advances in application development
      • Rise in customer awareness about finance and digitization
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Amazon.com Inc.
      • Table Amazon.com Inc. - Overview
      • Table Amazon.com Inc. - Business segments
      • Table Amazon.com Inc. - Key news
      • Table Amazon.com Inc. - Key offerings
      • Table Amazon.com Inc. - Segment focus
    • Appian Corp.
      • Table Appian Corp. - Overview
      • Table Appian Corp. - Product / Service
      • Table Appian Corp. - Key news
      • Table Appian Corp. - Key offerings
    • International Business Machines Corp.
      • Table International Business Machines Corp. - Overview
      • Table International Business Machines Corp. - Business segments
      • Table International Business Machines Corp. - Key offerings
      • Table International Business Machines Corp. - Segment focus
    • Idera Inc.
      • Table Idera Inc. - Overview
      • Table Idera Inc. - Product / Service
      • Table Idera Inc. - Key offerings
    • Mendix Technology BV
      • Table Mendix Technology BV - Overview
      • Table Mendix Technology BV - Product / Service
      • Table Mendix Technology BV - Key offerings
    • Microsoft Corp.
      • Table Microsoft Corp. - Overview
      • Table Microsoft Corp. - Business segments
      • Table Microsoft Corp. - Key news
      • Table Microsoft Corp. - Key offerings
      • Table Microsoft Corp. - Segment focus
    • Ninox Software GmbH
      • Table Ninox Software GmbH - Overview
      • Table Ninox Software GmbH - Product / Service
      • Table Ninox Software GmbH - Key offerings
    • Oracle Corp.
      • Table Oracle Corp. - Overview
      • Table Oracle Corp. - Business segments
      • Table Oracle Corp. - Key news
      • Table Oracle Corp. - Key offerings
      • Table Oracle Corp. - Segment focus
    • Oro Inc.
      • Table Oro Inc. - Overview
      • Table Oro Inc. - Product / Service
      • Table Oro Inc. - Key offerings
    • OutSystems Software em Rede SA
      • Table OutSystems Software em Rede SA - Overview
      • Table OutSystems Software em Rede SA - Product / Service
      • Table OutSystems Software em Rede SA - Key offerings
    • Pegasystems Inc.
      • Table Pegasystems Inc. - Overview
      • Table Pegasystems Inc. - Product / Service
      • Table Pegasystems Inc. - Key news
      • Table Pegasystems Inc. - Key offerings
    • Salesforce.com Inc.
      • Table Salesforce.com Inc. - Overview
      • Table Salesforce.com Inc. - Product / Service
      • Table Salesforce.com Inc. - Key news
      • Table Salesforce.com Inc. - Key offerings
    • ServiceNow Inc.
      • Table ServiceNow Inc. - Overview
      • Table ServiceNow Inc. - Product / Service
      • Table ServiceNow Inc. - Key news
      • Table ServiceNow Inc. - Key offerings
    • Temenos Headquarters SA
      • Table Temenos Headquarters SA - Overview
      • Table Temenos Headquarters SA - Business segments
      • Table Temenos Headquarters SA - Key news
      • Table Temenos Headquarters SA - Key offerings
      • Table Temenos Headquarters SA - Segment focus
    • Zoho Corp. Pvt. Ltd.
      • Table Zoho Corp. Pvt. Ltd. - Overview
      • Table Zoho Corp. Pvt. Ltd. - Product / Service
      • Table Zoho Corp. Pvt. Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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