Published on : Oct 14, 2016
ALBANY, NY, Oct 14, 2016: The report, titled “Global Mobile Application Development Platform Market 2016-2020,” provides a comprehensive market assessment, highlighting the trends and future prospects.
According to the report, the growing need to automate the application development process and the augmented usage of agile application development procedures are the key driving forces behind the increasing demand for mobile application development platforms across the world. Apart from this, the accelerated time-to-market due to shorter application development cycle and the rise in the adoption of smartphones and other smart devices are also fueling the deployment of these platforms. Influenced by all these factors, the global mobile application development platform market is likely to expand at a CAGR of 27.29% between 2016 and 2020, notes the research study.
The study presents an assessment of the global market for mobile application development platforms on the basis of the IT solution, end user, and the geography. By the IT solution, the market has been categorized into cloud-based platforms and on-premise platforms. The could-based platform segment led the global market in 2015 with a share of 57%. Researchers expect this segment to remain dominant over the forecast period.
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Based on the end user, the BFSI, healthcare, telecom, manufacturing, and the retail industries have been identified as the key segments of this market in the study. In 2015, the BFSI industry acquired the leading position with a share of more than 21% in the overall market. The segment is likely to remain the key contributor to this market during the forecast period, states the report.
Geographically, the report has segmented the global mobile application development platform market into the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA). Thanks to the presence of a large pool of smartphone vendors, the Americas leads the demand for mobile application development platforms and is likely to continue the trend in the coming years. In 2015, the geographical segment held a share of more than 53% in the overall market, notes the study.
The competitive landscape of the worldwide market for mobile application development platforms has also been assessed in the research study. As per the report, the market demonstrates a highly competitive and fragmented landscape due to the presence of a large number of vendors. IBM, SAP, Adobe Systems, Salesforce.com, and Kony are the leading companies in this market. Some of the other prominent mobile application development platform providers mentioned in this report are Appcelerator, Globo, Backbase, Intellectsoft, Oracle, Microsoft, OutSystems, Sourcebits, Red Hat, and Telerik.
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