Application Development Software Market is segmented By Type (Web-based, Installed), By Application (IOS, Android, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Application Development Software Market Overview
Application Development Software Market is expected to grow at a CAGR of 15% during the forecast period 2024-2031
Application development software is creating a program with the help of any programming language to perform and simplify the different operations required in the business. The app can perform many tasks from calculating daily, and monthly expenditures to scheduling appointments, and sales reports, and automating processes by increasing business efficiency. These apps are available on mobile, desktops, as well as on web-based to perform different operations. The app helps to manage complex operations with greater efficiency at a lower cost and rapid speed. The app can help automate robotic automation processes and collect feedback from users for better business alignment and return on investment for customer engagement with applications. The app has the facility to improve the business's speed of operations by 50% and provide security and maintenance of robust architecture in the business by implementing new systems of engagement.
Application Development Software Market Summary
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Metrics |
Details |
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Market CAGR |
15% |
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Segments Covered |
By Type, By Application, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Application Development Software Market Dynamics
The market is driven by the rising demand for application development software for simplifying and speeding up business operations with the growing utilization of cloud-based solutions and IoT technology due to digitalization. Furthermore, increasing demand for platform as a service (PaaS) and software as a service (SaaS) for enhancing the efficiency of enterprises and businesses around the world due to growing digitalization. According to the International Trade Administration in 2016, the global software (SaaS) revenue was estimated at around USD 106 billion and is projected to reach around USD 132 billion by 2020.
There is a rise in the launch of new innovative technology like multi-cloud, 5G, AI, IoT, and Analytics are being implemented worldwide, creating a huge opportunity for the application development software market. For instance, on 5th May 2020, IBM collaborated with Red Hat Company to launch next-generation computing solutions for 5G technologies. Companies will offer multi-cloud solutions for Enterprises and Telcos to Deploy and Manage AI, IoT, and Analytics. The solution can use a centralized cloud to provide emergency response, robotic surgery, or connected-vehicle safety features to reduce workloads.
Application Development Software Market Segment Analysis
The global application development software market is segmented based on type, application, and region.
The global Application development software market is bifurcated into an installed app and a web-based app in terms of Type. This installed app segment has the highest share in 2019 due to an increasing number of mobile-based application users worldwide due to a surge in internet connectivity with the rising number of smartphone users. According to the Global System for Mobile Communications (GSMA), in 2018, around 47% of the global population, around 3.5 billion people connected to mobile internet globally. This drives the demand for the installed application segment for various purposes.
Similarly, the web-based app segment is also growing faster due to a rise in the demand for advanced technological apps for solving business problems and improving work efficiency due to digitalization. According to the United Nations Conference on Trade and Development (UNCTAD) report in 2019, the global digital economy is rapidly increasing and estimated from 4.5 to 15.5 percent of the total world’s GDP due to rising web-based applications solutions to simplify business operations.
Depending on the applications, the global application development software is segmented into IOS, Android, and others. Among these, the android segment had the highest market share in 2019. This growth is anticipated due to a surge in android mobile technology users around the globe. According to the Global System for Mobile Communications (GSMA), in 2019, mobile technologies and services contributed around USD 4.1 trillion to the global economy.
Similarly, the IOS segment is also growing faster with a surge in digitalization due to the rising launch of IOS-based applications worldwide. For instance, on 13th Nov 2019, GitHub launched the iOS app and Android app for iOS smartphones and iPads.
Application Development Software Market Geographical Analysis
By region, the global application development software market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the global application development software market and is expected to grow at the highest CAGR during the forecasted period due to several leading digital platforms with advanced technology and growing digitalization followed by the European region. According to the United Nations Conference on Trade and Development (UNCTAD) report in 2019, the United States and China have around 40% of the information and communications technology (ICT) sector's contribution with a surge in digital platforms worldwide globe. This has created a huge demand for the application development software market in this region, followed by Europe and the Asia Pacific.
The Asia Pacific is the fastest-growing region for the application development software market, owing to the rising digitalization of businesses with a population surge. As per the UNCTAD report in 2019, China has the highest patents of around 50% of the world’s total related to advanced technology software and applications like blockchains, cloud computing, and many others.
Application Development Software Companies and Competitive Landscape
The global Application development software market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Twilio Platform, Datadog Cloud Monitoring, Axure RP, Google Cloud Platform, GitHub, Zoho Creator Azure, IntelliJ IDEA, Snappii Custom Mobile Apps, Joget Workflow, GitLab, Alice, King of App, SAP HANA Cloud Platform, and AppSheet are the leading market players with significant market share.
Major players are launching new advanced technology like next-generation cloud apps, AI featured, etc., and application development software for empowering businesses. For instance, in 2018, Zoho Company had been launched Cloud App named Zoho Flow Integration Platform. Zoho Flow helps to automate information exchange by saving them time and effort on manual tasks in the business processes. Furthermore, on 14th Feb 2019, Zoho launched the next generation AI featured office suite, empowering businesses.
Companies are entering into collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, on 5th June 2020, Samsung planned to collaborate with telecommunications service providers M1 and IBM to test Industry 4.0 solutions using edge computing and 5G for Singapore's Infocomm Media Development Authority (IMDA).
