Application Development Software Market Size, Share, Opportunities, And Trends By Deployment Type (On-premise, Cloud), By Organization Size (Small & Medium Enterprise, Large Enterprise), By Platform (Low-code Development Platforms, No Code Development Platforms), By Application (BFSI, Media & Entertainment, IT & Telecom, Healthcare, Travel & Tourism, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Oct 2023
- Report Code : KSI061616139
- Pages : 143
The application development software market is projected to show steady growth during the forecast period.
Application development software is a category of software tools designed specifically to facilitate the creation of applications without the need for manual coding. These tools are intentionally developed to ensure user-friendliness and accessibility, catering to individuals who may not possess extensive programming expertise. Low-code and no-code development platforms serve as prime instances of application development software. These platforms enable users to generate applications by constructing a visual representation, typically in the form of a flowchart, instead of writing intricate lines of code for each desired function and feature. Additionally, these platforms are equipped with a range of features that support experimentation, prototyping, as well as seamless testing and deployment of applications. Furthermore, within the sphere of application development, the incorporation of plagiarism detection software holds significant importance. Notably, platforms such as HackerRank implement a fundamental Moss (Measure of Software Similarity) approach to identify instances of plagiarism. Moreover, they have adopted a novel approach to plagiarism detection, harnessing the capabilities of Artificial Intelligence. This AI-powered solution effectively detects and flags potential cases of cheating, even when tools such as ChatGPT are utilized.
The application development software market is witnessing significant expansion, driven by the increasing demand for software tools that enable developers to create applications without the need for extensive coding. This industry can be broadly categorized into low-code and no-code development platforms, with the former currently holding a substantial portion of the market share. Several key factors contribute to the flourishing market landscape, including the surge in the requirement for diverse applications, the proliferation of platforms facilitating software application development, and the escalating necessity for mobile-centric applications. In terms of geographical distribution, North America leads the global application development software market, closely trailed by Europe and the Asia Pacific region. Noteworthy market players, such as Oracle Corporation, Salesforce.com Inc., Zoho Corporation, Fujitsu Ltd., and HCL Technologies, play a crucial role in shaping the market dynamics and driving growth through their innovative solutions and services. In the context of application development, the significance of plagiarism detection software cannot be overlooked. Companies like HackerRank are leveraging the capabilities of AI-powered solutions to identify instances of plagiarism within the development process.
- Increasing demand for various applications: The exponential surge in the need for diverse applications across various industries has sparked a rapid acceleration in the application development software market. This amplification is primarily attributed to the burgeoning demand for innovative and efficient applications to cater to evolving consumer needs. Furthermore, the proliferation of numerous platforms specifically designed to facilitate and streamline the process of creating software applications is significantly bolstering this upward trajectory. As businesses continue to prioritize digital transformation, the market for application development software is expected to witness sustained expansion in the foreseeable future.
- Rise in the number of platforms for developing software applications: The expansion of the application development software market can be attributed to the proliferation of diverse platforms catering to software application development. These platforms have significantly streamlined the development process by offering user-friendly interfaces that obviate the need for intricate coding. Consequently, this accessibility has not only broadened the pool of potential developers but has also expedited the application creation process, leading to a surge in the overall volume of applications in the market.
- Growing need for mobile-based applications: The surging demand for mobile-based applications is propelling the expansion of the application development software market. This momentum is primarily fuelled by the pervasive use of smartphones and the burgeoning reliance on mobile technology in various spheres of life. As a result, developers are increasingly compelled to craft sophisticated applications that seamlessly align with the dynamic and diverse landscape of mobile devices. Consequently, the application development software market is witnessing a notable surge in innovations and advancements to cater to the evolving needs of this rapidly expanding mobile-centric ecosystem.
- Strong ecosystem designed and developed for DevOps and Agile practices: The robust ecosystem tailored and crafted for DevOps and Agile practices serves as a pivotal catalyst propelling the growth of the application development software market. The synergy of these practices facilitates a streamlined and expedited application development process, enabling developers to swiftly and effectively create intricate applications. This collaborative framework fosters a culture of seamless integration and iterative development, fostering enhanced collaboration and communication among cross-functional teams. As a result, the intricate interplay of DevOps and Agile methodologies not only accelerates the speed of application development but also enhances the overall quality and responsiveness of the software, thereby fueling the expansion of the application development software market.
- Growing need for quick scalability and customization: The burgeoning demand for rapid scalability and tailored solutions is further fueling the expansion of the application development software market. This surge is primarily attributed to the essential requirement for developers to fabricate applications that boast seamless customization capabilities, enabling swift adjustments to accommodate evolving user needs and market dynamics. In a competitive landscape, the ability to swiftly scale up or down applications is pivotal for businesses striving to stay agile and responsive in the face of fluctuating demands and operational challenges. As a result, the emphasis on developing application development software that offers both flexibility and efficiency has become paramount, ensuring that developers can craft robust, adaptable, and easily configurable applications that align with the dynamic requirements of modern businesses and end-users alike.
Products offered by key companies:
- Fujitsu provides a comprehensive range of services for migrating, transforming, and building new applications, using a variety of technologies and platforms, and helps customers modernize their mainframe applications, making them more efficient, secure, and scalable.
- Oracle Cloud Infrastructure (OCI) is a cloud computing platform that offers a variety of services for developing, deploying, and managing applications. OCI includes services such as computing, storage, networking, and databases.
Prominent growth in the cloud segment within the application development software market:
The cloud segment within the application development software market is experiencing substantial growth due to various pivotal factors. Firstly, the burgeoning demand for cloud deployment among small, medium, and large enterprises is set to bolster market expansion in the foreseeable future. Cloud deployment presents an array of advantages, including the absence of initial infrastructure setup costs and the availability of on-demand computing services, thereby propelling its widespread adoption. Additionally, the scalability of cloud platforms empowers businesses to seamlessly adjust their operations in response to fluctuating demands, playing important role in the application development software market. Developers particularly seek to create applications that can be easily customized and scaled as per requirements. Moreover, cloud services offer an enhanced approach to workload management, effective integration within DevOps groups, and improved security and compliance measures, all of which are instrumental in driving the growth of the cloud segment within the application development software market. Furthermore, the substantial investments by cloud providers in the development of data centers are poised to create substantial market opportunities, especially in the post-pandemic era. These investments are anticipated to serve as a driving force for the expansion of the cloud segment within the application development software market. Notably, the reduction in capital expenditure (CapEx) and operational expenditure (OpEx) for IT infrastructure is another significant factor contributing to the growth of the cloud segment. By leveraging cloud computing, businesses can effectively curtail their IT infrastructure costs while still availing the requisite computing power and storage capacity. Considering these aspects collectively, the cloud segment within the application development software market is expected to maintain its impressive growth trajectory in the coming years.
The Asia Pacific region is expected to hold a significant share of the application development software market:
The Asia Pacific region is anticipated to dominate a substantial portion of the application development software market owing to various key elements. Firstly, the presence of growing economies such as India and China within the region is generating a heightened demand for software solutions across a multitude of industries, thereby contributing to the region's market share. Secondly, the region boasts a large and ever-expanding population with a strong inclination towards technology, which is further fueling the demand for software solutions across diverse industries. Additionally, the robust digital transformation being experienced by the Asia-Pacific economies is acting as a catalyst, leading to an increased requirement for application development software in sectors spanning from finance to e-commerce. Moreover, the existence of thriving tech hubs and an increasingly burgeoning startup ecosystem is playing a pivotal role in propelling the growth of the application development software market in the Asia Pacific region. Consequently, the Asia Pacific region is poised to exhibit substantial progress in the application development software market due to these factors, with North America and Europe closely trailing behind.
- In March 2023, Fujitsu and Osaka University developed a new quantum computing architecture that can perform faster calculations and correct errors.
- In October 2023, Fujitsu developed a new technology that can automatically generate new AI solutions specific to customers' business needs, using large language models (LLMs). This technology can reduce the time required for deployment of AI solutions by approximately 95%.
- By Deployment Type
- By Organization Size
- Small & Medium Enterprise
- Large Enterprise
- By Platform
- Low-code development platforms
- No code development platforms
- By Application
- Media & Entertainment
- IT & Telecom
- Travel & Tourism
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. APPLICATION DEVELOPMENT SOFTWARE MARKET BY DEPLOYMENT TYPE
6. APPLICATION DEVELOPMENT SOFTWARE MARKET BY ORGANIZATION SIZE
6.2. Small & Medium Enterprise
6.3. Large Enterprise
7. APPLICATION DEVELOPMENT SOFTWARE MARKET BY PLATFORM
7.2. Low code development platforms
7.3. No code development platforms
8. APPLICATION DEVELOPMENT SOFTWARE MARKET BY APPLICATION
8.3. Media & Entertainment
8.4. IT & Telecom
8.6. Travel & Tourism
9. APPLICATION DEVELOPMENT SOFTWARE MARKET BY GEOGRAPHY
9.2. North America
9.2.1. United States
9.3. South America
9.4.1. United Kingdom
9.5. The Middle East and Africa
9.5.1. Saudi Arabia
9.6. Asia Pacific
9.6.4. South Korea
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Market Share Analysis
10.3. Mergers, Acquisitions, Agreements, and Collaborations
11. COMPANY PROFILES
11.1. Oracle Corporation
11.2. Fujitsu Ltd.
11.3. HCL Technologies
11.4. Wipro Ltd.
11.5. Zoho Corporation
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