The value of the Mobile Application Development Platform market is projected to grow to US$ 60,566.0 Million with an estimated CAGR of 21.9% by 2032
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A mobile application development platform, also known as a mobile enterprise application platform, is a highly agile and open platform. This platform enables developers to quickly build, test, and deploy apps for all devices, desktops, and wearables using their preferred tools and the most recent mobile software development kits (SDKs). Both a mobile middleware server and a mobile client application are included in mobile application development platforms. The middleware server manages data through security, scalability, system integration, cross-platform support, and communications.
A mobile application development platform simplifies the process of designing and developing web and mobile applications. IT solutions like mobile backend-as-a-service (MBaaS) remove the need for app developers to build their own back-end systems. As a result, this platform improves front-end tasks, reduces application development time, and enhances UI design for a better user experience.
The global Mobile Application Development Platform market size was predicted to reach over USD 9.7 billion in 2020 and projected to grow at a CAGR of 20.2% over the forecast period. The global mobile application development platform market is expanding as a result of factors such as the introduction of cloud-based technology and the increasing number of commercial mobile devices. Aside from that, rising enterprise demand for mobile apps and rising adoption of bring your own device (BYOD) are expected to fuel demand for mobile application development platforms in the coming years. However, the rising cost of mobile application development platform solutions, as well as technical difficulties in application development, are expected to stifle market growth.
One of the major driving forces supporting the growth of the mobile application development platform market is the advancement of IoT and wearable devices. As the adoption of IoT and wearable devices grows, developers have begun to investigate the opportunities for apps on IoT and wearable devices. The growing demand for IoT devices in smart home and business automation solutions encourages developers to create applications to control and monitor IoT devices. Furthermore, one of the major factors driving market growth is the incorporation of IoT devices into customer engagement platforms and beacon technology among enterprises to reach customers.
Mobile Application Development Platform Market Scope
| Metrics | Details |
| Base Year | 2022 |
| Historic Data | 2022-2021 |
| Forecast Period | 2022-2032 |
| Study Period | 2022-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | US$ 60,566.0 Million |
| Growth Rate | CAGR of 21.9% during 2022-2032 |
| Segment Covered | By Deployment Type, By Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Appcelarator, Inc.,Appzillon (i-exceed),Apple Inc.,OutSusyems,Kinvey,Kony Inc.,Telerik (Progress Software Corporation),Salesforce.com Inc.,Red Hat, Inc.,Microsoft Corporation,Others |
Key Segments of the Global Mobile Application Development Platform Market
Industry Overview (USD Million)
- Healthcare
- Retail
- Government
- BFSI
- Telecom & IT
- Media & Entertainment
- Others
User Type Overview, (USD Million)
- SMBs
- Large Enterprises
Deployment Type Overview, (USD Million)
- On-premises
- Cloud
Regional Overview, (USD Million)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Mobile Application Development Platform market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global Mobile Application Development Platform market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the Mobile Application Development Platform industry and their strategic initiatives for product development.
- The study covers a qualitative and quantitative analysis of the market segmented based on Industry, User Type, and Deployment Type. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Mobile Application Development Platform market. The report will benefit every stakeholder involved in the Mobile Application Development Platform market.
- Managers within the Mobile Application Development Platform industry looking to publish recent and forecasted statistics about the global Mobile Application Development Platform market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global Mobile Application Development Platform market.
- Analysts, researchers, educators, strategy managers, and government institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The mobile application development platform market is growing at a CAGR of 21.9 % during the forecast period..
North America dominated the market for mobile application development platform market and accounted for the largest revenue share.
The major contenders in the global market are mobile application development platform market include Appcelarator, Inc.,Appzillon (i-exceed),Apple Inc.,OutSusyems,Kinvey,Kony Inc.,Telerik (Progress Software Corporation),Salesforce.com Inc.,Red Hat, Inc.,Microsoft Corporation,Others
The implementation of Mobile Application Development Platform Market will assist in outperforming the competition by providing a superior user experience to their customers while also increasing worker efficiency. The most common challenge for developers is ensuring the quality and performance of mobile apps, which are sometimes driven by multiple devices, operating systems, and testers. The MADP programmed promises to improve the development process's lifecycle.
MADP's implementation has resulted in the introduction of new mobile applications with unanticipated performance requirements. The implementation of dependable development practices, as well as the growing demand for departmental collaboration, has created an opportunity to expand the power of the Mobile Application Development Platform Market.
The Mobile Application Development Platform Market provides significant benefits to businesses by increasing the speed of mobile enterprise application development and facilitating data connectivity, which is ideal for industries such as BFSI, healthcare, retail, transportation and logistics, media and entertainment, telecom and IT, construction, education, and manufacturing.
Industry Segment
Based on the Industry segment, the market is classified into Healthcare, Retail, Government, BFSI, Telecom & IT, Media & Entertainment, and others.
User Type Segment
Based on the User Type, the market is segmented into SMBs, and Large Enterprises. Small and medium-sized businesses are expected to grow at the fastest rate during the forecast period. App development for SMBs is on the rise because a company with a mobile app provides its customers with a lot of speed and convenience. Furthermore, mobile apps will be critical in retaining customer loyalty. Furthermore, managing customer loyalty is critical for SMBs because it will be critical in forming the initial base for them. Enterprise Mobile Application Development has gained attention with the increase in Small Medium Enterprises building their own native Mobile App Development.
Deployment Type Segment
Based on the Deployment Type, the market is segmented into On-premises, and cloud. Cloud deployment is expected to grow at the highest CAGR during the forecast period, owing to its operational flexibility and ease of real-time deployment for businesses over on-premises deployment. It also has a number of advantages, such as lower operational costs, a simpler deployment process, and greater scalability in terms of connected resources. Furthermore, when compared to on-premises solutions, cloud-based solutions are less expensive to install. The highest level of data security and reliability provided by cloud deployment is increasing its share in the forecast period.
North America is expected to grow significantly during the forecast period. The growth of the North American mobile application development platform market is expected to be fueled by Canada and the United States. This is primarily due to the presence of numerous well-known players such as IBM Corporation, Adobe Systems, Inc., and Salesforce Inc. Furthermore, North America has a well-established infrastructure, which allows for greater device penetration and, eventually, improved connectivity. In addition, Asia Pacific is expected to bring potential growth opportunities to the market in the coming years.
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The major players of the global Mobile Application Development Platform market are SAP AG, IBM Corporation, Oracle Corporation, Kony Inc., Microsoft Corporation, Verivo Software Inc., Salesforce.com Inc., Appcelerator Inc., MicroStrategy Incorporated, Hewlett Packard Enterprise Company and others. Renowned companies are offering new and modern Mobile Application Development Platform. Besides, the previously recognized as well as new market players are approaching the market with advanced and new strategic User Types and Healthcare and to remain competitive in the global market.