Global Rapid Application Development Market 2024-2028
The rapid application development market is forecasted to grow by USD 180.1 bn during 2023-2028, accelerating at a CAGR of 39.7% during the forecast period. The 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 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 premises
- Cloud based
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the 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.
The 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
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 rapid application development market vendors that include Amazon.com Inc., AmpleLogic, Appian Corp., Idera Inc., International Business Machines Corp., 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 Inc., ServiceNow Inc., Temenos AG, 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.
The publisher 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 primary and secondary research. 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.