The North America Application Development Software Market would witness market growth of 20.8% CAGR during the forecast period (2021-2027).
With the increasing popularity of application development software, the task of developing a mobile app has become easier for companies and individuals. However, some traditional methods like coding and working with professional app developers are still in existence as organizations are still opting for app builders to expand into the mobile domain. The adoption of application development software is increasing owing to the aspects like rising demand for digitization, a robust ecosystem developed and designed for DevOps & Agile practices, and growing requirement for rapid scalability and personalization. This would further support the growth of the application development software market.
Due to the increasing digitalization, the demand for software as a service (SaaS) and platform as a service (PaaS) is also growing as it helps companies across the globe to improve their efficiency. In addition, growing demand for the various advanced technological app to tackle business challenges and boost work efficiency is estimated to accelerate the growth & demand of the application development software in the market. Additionally, the IOS category is also expanding at a rapid pace owing to the high number of launches of IOS-based applications across the world. The cost reduction benefit because of the operational efficiency is among the key aspects fueling the growth of the application development software market in the coming years.
There is an increasing trend of making applications for various purposes by the companies as well as individuals, which is supporting the regional market growth. In addition, to keep the pace with the latest technological trends and advancements, companies are increasingly investing in building applications to improve their customer relationship and to generate more insights from the data accumulated via the application.
Moreover, the increasing internet penetration and rising number of smartphone users in this region are motivating companies to build an app to cater the customer demand through a new medium. This would accelerate the demand for application development software in the coming years. There are several benefits offered by application development software to the companies, which is estimated to motivate companies to adopt this software and hence, contribute to the high growth of the regional market.
The US market dominated the North America Application Development Software No-code Development Platforms Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $67,571.7 million by 2027. The Canada market is experiencing a CAGR of 25.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 24.3% during (2021 - 2027).
Based on Type, the market is segmented into Low-code Development Platforms and No-code Development Platforms. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Media & Entertainment, Telecom & IT, BFSI, Healthcare, Travel & Tourism, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Application Development Software Market is Estimated to Reach USD 551.7 Billion by 2027 at a CAGR of 22.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Salesforce.com Inc., Zoho Corporation, Fujitsu Ltd., HCL Technologies, Wipro Ltd., Twilio Platform, Datadog, Inc., Microsoft Corporation (GitHub) and Google, LLC (Google Cloud Platform).
By Type
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