Rapid application development market driven by technological improvement and increasing use of cloud technology
“Global Rapid Application Development Market Trends, Applications, Analysis, Growth and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global rapid application development market report has been segmented by type, component, business function, deployment, vertical, and region.
Global Rapid Application Development Market: Overview
Rapid application development is also widely known as rapid application creation, it is a process of software development. Software development is the process of writing specific code and maintaining it. The code depends on the customer’s requirement; this may vary as needed. The software development process includes performing certain tasks such as specification, design, programming, design, bug fixing, testing and documentation. Rapid application development has a specific approach, it puts less effort in planning application development and more effort in adaptive process.
Global Rapid Application Development Market: Dynamics
The growing emphasis on improving processes and performance of various entrepreneurs has resulted in increased support for rapid application development which is believed to be a major factor driving the growth of the global rapid application development market. Also, there are no specific criteria for implementing an app, anyone can create using the drag and drop functionality whether they are a coder or not, which in turn should boost adopting a rapid application development process. This is a major factor that is expected to fuel the growth of the global rapid application development market.
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Moreover, technological improvement and the growing tendency to bring your own device are factors which are expected to drive the growth of the global rapid application development market. Furthermore, services like Platform as a Service as well as Infrastructure as a Service endorse the process of rapid application development is an additional factor estimated to fuel the growth of the global rapid development market. applications.
The increasing use of cloud technology, the growing number of consumers, and the high adoption of the rapid application development process by various companies to meet the needs of customers are factors that are expected to drive the growth of the global development market. fast applications.
However, less functionality is offered by the applications created using this process, this is due to having less time to develop the application. This is a factor that is expected to hamper the growth of the global rapid application development market. Besides, the shortage of highly skilled professionals is another major factor which is expected to hamper the growth of the global rapid application development market.
Global Rapid Application Development Market: Segment Analysis
Among the type segments, the no-code development platform segment is expected to account for the largest revenue share in the global rapid application development market. This codeless development platform segment enables the user to develop an application associated with easy deployment, without having the proper linguistic knowledge, which is expected to drive the revenue growth of this segment in the global target market.
Segmentation by type:
- Low-code development platform
- Code-free development platform
Segmentation by component:
- Mobile based
- Web based
- On desktop
Segmentation by commercial function:
- Sales and Marketing
- HR and operations
- Finance and IT
Segmentation by deployment:
Segmentation by vertical:
- IT & Telecom
- Health care
Segmentation by region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
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- International Business Machines Corporation
- Intel company
- Microsoft Corporation
- Google LLC
- Zoho Corporation
- Amazon Web Services, Inc.
- Oracle Corporation
- com, Inc.
Global Rapid Application Development Market: Regional Analysis
The North American market is estimated to have the highest revenue share in the global rapid application development market. Technological advancements in some countries in this region, especially United States and Canada, is a major factor that is expected to drive the growth of the global North America rapid application development market. In addition, the presence of well-established key players and high investment capacity in the software industry are other factors that are estimated to fuel the growth of the target market in North America.
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