The most recent study conducted by Report Ocean, titled “Global Mobile Application Development Platform Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Mobile Application Development Platform . The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Mobile Application Development Platform Market is valued at approximately USD $ million in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. A mobile application development platform (MADP) is a variety of software that enables a business to quickly build, test and deploy various mobile apps for tablets or smartphones. This specially designed solution service is gaining high traction among organizations as it helps increase operational efficiency and business functions for better management.
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The growing proliferation of commercial mobile devices, the rapid emergence of cloud-based technology, and increasing demand among enterprises for mobile apps are the key factors burgeoning the market growth across the globe. For instance, according to Statista, in 2021, the number of business mobile app downloads worldwide was recorded as 2,980.6 million and it is projected to reach around 5,070.4 million downloads by 2025. Thereby, the rising demand for mobile applications among enterprises is exhibiting a positive influence on the growth of the global market.
However, rising security concerns and the growing need to constant checking for uniformity across platforms impede the growth of the market over the forecast period of 2022-2028. Also, the rising implementation of reliable development practices and growing demand for departmental collaboration are anticipated to act as catalyzing factors for the market demand during the forecast period.
The key regions considered for the global Mobile Application Development Platform Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing trend of bring your own device (BYOD) and rising number of commercial mobile devices. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing adoption of cloud technology, and the growing use of mobile devices by the organizations, would create lucrative growth prospects for the Mobile Application Development Platform Market across the Asia-Pacific region.
Major market players included in this report are:
IBM Corporation
Oracle Corporation
SAP
Microsoft Corporation
Verivo Software Inc.
Kony
Salesforce.com
Appcelerator Inc.
Telerik
Hewlett Packard Enterprise Company
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Deployment Type:
Cloud
On-premises
By User Type:
Small and Medium Scale Enterprises
Large Scale Enterprises
By Industry Vertical:
Banking, Financial Services, and Insurance
Aerospace & Defence
Healthcare
Public Sector
IT & Telecom
Retail
Other
By Region:
North America
U.S.
Canada
Europe
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UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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