Mobile Application Development Platform Market Overview:
Market Research Future (MRFR), in its new report, estimates that the global application development platform market could potentially attain the valuation of USD 14 billion by 2023. The market is projected to achieve a phenomenal CAGR of 22% during the forecast period (2018-2023).
A mobile application development platform helps bring down the complexities associated with developing and designing mobile applications. IT solutions, including mobile backend-as-a-service (MBaaS) prevents the need for building back-end systems by for app developers. As a result, the platform enhances the front-end tasks, reduces the overall application development time, and improve the UI design for enhanced user experience.
The Mobile Application Development Platform Market has the potential to grow at a significant pace, backed by the advent of cloud-based technology. In addition, rising number of commercial mobile devices benefits the market. Besides, mounting demand among enterprises for mobile apps coupled with surging adoption rate of bring your own device (BYOD) are bound to spell success for the mobile application development platform market in the years to come.
Soaring demand for departmental partnership along with the implementation of dependable development practices could give rise to new opportunities for the mobile application development platform market. Apart from this, better management of applications on several platforms is also expected to take the market to greater heights in the ensuing years.
Mobile Application Development Platform Market Leading Players:
The players that are leading the worldwide mobile application development platform market are Oracle Corporation (U.S.), EchoStar Corporation (U.S.), ViaSat Inc. (U.S.), Progress Software Corporation (Germany), Kony Inc. (U.S.), Globo (U.S.), Salesforce.com Inc. (U.S.), Halosys (U.S.), IBM Corporation (U.S.), and among others.
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Mobile Application Development Platform Market Segmentation:
• The market for mobile application development platform has been segmented on the basis of deployment type, organization size and vertical.
• Depending on the deployment type, the market includes cloud and on-premise.
• With respect to the organization size, the market is considered for small & medium enterprise and large enterprise.
• Vertical-wise, the market caters to healthcare, BFSI, education, transportation & logistics, media & entertainment, and others.
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Mobile Application Development Platform Market Regional Outlook:
The geographical analysis of the mobile application development platform has been done in Europe, North America, Asia Pacific (APAC), and the rest of the world (RoW).
Asia Pacific is presumed to lead the mobile application development platform market thanks to the high availability of low-cost smartphones and tablets. A vast number of organizations in the region are adopting mobile application development platform, which boosts market demand. Also, the surging use of digital technology in India and China elevate market position in the region.