The global application platform market is forecast to reach USD 14.06 Billion by 2026, according to a new report by Reports and Data. The rising trend towards digitalization, coupled with the extensive adoption of smartphones, and the internet will fuel the growth of the market. With the evolution of technologies and digitalization, the need for appropriate application platform has been increasing.
The use of application platforms for businesses provide them with a comprehensive app performing diverse functions and negates the requirement of multiple apps. It also enhances employee productivity and the return on investment (ROI) of the business. Businesses are continually looking for ways to leverage technology for improving business performance, including how to introduce customized mobile and web applications more efficiently. These software platforms specialize in application development, providing the flexibility to build productive business apps without the delays and expense of writing code.
Further key findings from the report suggest
- The software segment accounts for a larger market share of ~54% in the year 2018. The segment can be further segmented into application platform software and transaction processing monitor software. The growth of the application platforms software will boost the growth of the market. Application platform software is a cost-effective and efficient process that rarely requires extensive coding knowledge or app development experience.
- The large-sized organizations account for a larger market share of ~64% in the year 2018, owing to the increasing investments on authentication software.
- The on-premises deployment type accounts for a larger market share of ~60% in the year 2018. In an on-premises deployment of application platforms, resources are deployed within the organization’s IT infrastructure. The deployment type is much more secure and provides complete control over the data stored in it.
- The Android platform accounts for the largest market share of ~36% in the year 2018. The extensive use of smartphones will drive the market for android application platforms. The sheer variety of Android smartphones available; affordable costs; and hardware customizations; are the reason behind the popularity of android application platforms for mobile.
- The retail and e-commerce industry is anticipated to witness the highest CAGR of 7.6% during the forecast period, attributed to the emergence of advanced technologies to provide utmost service to their customers through multiple channels. Their investment in end-to-end digital operations has driven the growth of the industry.
- North America held the largest market share of ~31% in the year 2018, owing to the presence of some of the leading players of the market in the region. The deployment of customised application platforms by the organizations in the region, to secure its data against various threats will fuel the market growth.
Key Companies included in the report: Key participants include SAP, IBM, Micro Focus, NEC, Fujitsu, Oracle, Hitachi, Microsoft, HPE, Adobe Systems, Red Hat, Huawei, Gigaspaces, Akamai, APAChe Tomcat, Caucho Technology, Nastel Technologies, Tmaxsoft, Rogue Wave Software, Navisite, Nginx, 4D Technologies, Kony, Mendix, and Betty Blocks, among others. The companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.
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Table of Contents-
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Application Platform Market Segmentation & Impact Analysis
4.1. Application Platform Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rising trend towards digitalization
4.2.2.2. Extensive adoption of smartphones, and internet
4.2.2.3. Rising demand for DevOps
4.2.2.4. Growing popularity of cloud computing and IoT
4.2.2.5. Increasing prevalence of e-commerce and social media
4.2.3. Market restraints analysis
4.2.3.1. Lack of availability of skilled professionals
4.2.3.2. Threat of substitution
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Chapter 5. Application Platform Market By Component Insights & Trends
5.1. Component Dynamics & Market Share, 2019 & 2026
5.2. Software
5.2.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
5.2.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
5.2.3. Application Platform Software
5.2.4. Transaction Processing Monitor Software
5.3. Services
5.3.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
5.3.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
5.3.3. Deployment and Integration
5.3.4. Support and Maintenance
5.3.5. Managed Services
Chapter 6. Application Platform Market By Platform Insights & Trends
6.1. Platform Dynamics & Market Share, 2019 & 2026
6.2. IOS
6.2.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
6.2.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
6.3. Android
6.3.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
6.3.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
6.4. Windows
6.4.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
6.4.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
6.5. Others
6.5.1. Market estimates and forecast, 2016 – 2026 (USD Billion)
6.5.2. Market estimates and forecast, By Region, 2016 – 2026 (USD Billion)
Continued…
The market research report offers a comprehensive analysis of the competitive landscape through a study of company profile overview, product portfolios, manufacturing and production capacity, market share and size, global position, financial standing, technological developments, and production and manufacturing capacity of the prominent players. It also focuses on key M&A activities, joint ventures, collaborations, product launches and brand promotions, government deals and agreements, and partnerships among others undertaken by the top companies operating in the market. The report also covers a SWOT analysis and Porter’s Five Forces analysis of key players to provide deeper insights into the competition scenario.
The report further segments the market into major geographical regions of the world including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The regions and their respective major countries are analyzed with regards to their revenue contribution, production and consumption patterns, import/export, demand and supply ratio, and presence of key companies located in each region.
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Regional analysis covers:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
Further, the report segments the Application Platform market based on types and applications and offer insights into the key factors expected to influence revenue growth of the segment over the forecast period.
Application Platform Market Segmentation by Type:
- Cloud
- On-premises
Application Platform Market Segmentation by Application:
- BFSI
- Healthcare
- Retail
- Transportation and Logistics
- Media and Entertainment
- Telecom and IT
- Construction
- Education
- Manufacturing
- Others
The report also offers strategic recommendations to the new players entering the market and gives them insights into how to tackle the entry level barriers. It also offers key insights to established players to fortify their presence in the market. The formulation of this report has been done through thorough primary and secondary research to offer a better understanding of the market size, market share, scope, challenges, trends, and growth prospects among the industry. The data has been further validated by industry experts, professionals, and research analysts.
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