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.
To identify the key trends in the industry, click on the
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Further key findings from the report suggest
Ø 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.
Ø The
large-sized organizations account for a larger market share of ~64% in the year
2018, owing to the increasing investments on authentication software.
Ø 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.
Ø 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.
Ø 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.
Ø 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.
Ø 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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For the purpose of this report, Reports and Data have
segmented into the global Application platform market on the basis of
component, platform, deployment type, organization size, application, industry
vertical, and region:
Component Outlook (Revenue, USD Billion; 2016-2026)
- Software
- Application
Platform Software
- Transaction
Processing Monitor Software
- Services
- Deployment
and Integration
- Support
and Maintenance
- Managed
Services
Platform Outlook (Revenue, USD Billion; 2016-2026)
- IOS
- Android
- Windows
- Others
Organization Size Outlook (Revenue, USD Billion;
2016-2026)
- Small
and Medium-Sized Enterprises
- Large
Enterprises
Deployment type Outlook (Revenue, USD Billion; 2016-2026)
- Cloud
- On-premises
Application Outlook (Revenue, USD Billion; 2016-2026)
- Database
and Cloud Security
- Email
Security
- Network
Security
- Web
Security
- Others
Industry Vertical Outlook (Revenue, USD Billion;
2016-2026)
- BFSI
- Healthcare
- Retail
- Transportation
and Logistics
- Media
and Entertainment
- Telecom
and IT
- Construction
- Education
- Manufacturing
- Others
Regional Outlook (Revenue, USD Billion; 2016-2026)
- North
America
- U.S.
- Europe
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- MEA
- Latin
America
- Brazil
Read More Report of
Information and communication Technology category at: https://www.reportsanddata.com/report/category/information-technology
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