Published Date: 13-Oct-2021
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According to a new report Global Application Development Software Market, published by KBV research, The Global Application Development Software Market size is expected to reach $551.7 billion by 2027, rising at a market growth of 22.3% CAGR during the forecast period.
The no-code development platform segment is estimated to exhibit the highest growth rate during the forecast period. The high availability of no-code development platforms like Quixey, Wix, WordPress, and Nintex Process Platforms is one of the major factors contributing to the growth of the segment. Such platforms enable customers to design and develop applications without the need for any programming code. They consist of pre-defined tools, which help developers to efficiently develop applications.
The small and medium enterprises (SMEs) segment is projected to record a significant growth rate during the forecast period. This growth is attributed to the fact that application development software solutions assist SMEs to improve visibility, prioritize work, and enhance collaboration among companies. In addition, the growing number of SMEs in the well-established and emerging nations is estimated to surge the growth of this segment during the forecast period.
North America emerged as the leading region in the market with the highest revenue share in 2020. The presence of a huge internet user base and increasing technological innovations are among the factors augmenting the growth of the regional market. In addition, the existence of numerous key players like Salesforce.com and Oracle Corporation is expected to fuel the growth in the regional market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Deployment Type
By Enterprise Size
By End User
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