Enterprise High-Productivity Application Platform as a Service Market Research Report - Global Forecast to 2032

Global Enterprise High-Productivity Application Platform As A Service Market Research Report Information By Component (Software and Services), By Deployment (Application Platform-As-A-Service and On-premise), By Organization Size (SMEs and Large Enterprises), By Vertical (BFSI, Government and Public Sector, Healthcare & Life Sciences, IT & Telecommunication, Consumer Goods & Retail, Education and Others) - Forecast till 2032

ID: MRFR/ICT/8102-CR | 152 Pages | Author: Ankit Gupta | April 2020         

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Enterprise High-Productivity Application Platform as a Service Market Overview


Enterprise High-Productivity Application Platform is nothing but an amalgamation of tools and relevant services to support the operational business requirements. It covers three important aspects starting from the process of idea generations, production operations and the circle completes with the deployment and delivery. The primary use of Enterprise High-Productivity Application Platform is in controlling the operations in regards to the life cycle of any product. This helps in expediting the overall production. As per the predictions and research outcomes, and Enterprise High-Productivity Application Platform as a Service Market Trends,Enterprise high productivity application platform is very much expected to secure a CAGR of 42.2% globally. The primary reason behind this is the scope of optimizing the internal business process and operations alongside bettering the overall customer experience of dealing with applications of high performance. The Enterprise High-Productivity Application Platform as a Service Market was valued at USD 8.329 billion in 2022 and USD 198.345 billion in 2032.

 

Competitive Landscape and Major Players

Based on the higher demand and Enterprise High-Productivity Application Platform as a Service Market Opportunity, there arevarious players who are ready to compete and contribute to the market on a greater scale. Some of the prominent players in this regard are: 



  • Out Systems

  • Quick Base

  • Mendix

  • ServiceNow

  • Salesforce

  • Microsoft 

  • Oracle 

  • Appian

  • Kintone 

  • Betty Blocks

  • AgilePointGoogle

  • Unground

  • TrackVia

  • Torus Innovations

  • WaveMaker

  • Pegasystems

  • Zoho



Market Dynamics and Drivers


The primary use of Enterprise High-Productivity Application Platform is in controlling the operations in regards to the life cycle of any product. This helps in expediting the overall production. Therefore, the rising demand for productivity through custom-built enterprise platforms is likely to act as the main driving force behind the Enterprise High-Productivity Application Platform market. Also, increasing demand for a quick go-to-market and products with the help of enterprise platform in a short span is likely to add a boost to the market.


Moreover, with greater digitization and adoption trend towards customized applications in the production process across industries, the scope of Enterprise High-Productivity Application Platform as a Service Market Opportunitywill only grow much higher. 


Several organizations are now focussing on their investments in CRM technologies; this eventually gives a great hype and creates a greater demand for Enterprise High-Productivity Application Platforms. Especially for the larger enterprises across the industries like retail, automobile, utility, and BFSI, there would be a much higher demand created. 


Challenges


Small or medium enterprises are facing challenges to afford the high cost Enterprise High-Productivity Application Platform. This is a backdrop of the market.


Opportunities


Adoption to customizable applications and digitalization are highly increasing the production process across various industries. This trend is very likely to offer many significant opportunities in the market during the forecast period.


Restrain


There are few areas which create the trouble the path of growth for the enterprise high productivity application platforms. In spite of a proper business plan and operation in place, the lacking of the required workforce and skill of utilizing the features and applications of the platform is a restraining factor for the market growth.


Additionally, the higher cost can also play a spoilsport and restrict the small and medium scale organizations from opting for such platforms.


On the other hand, there is an ongoing competition from open-source alternatives as well. This might create a hindrance in scope of growth for the EnterpriseHigh-Productivity Application Platform market.


Technological Analysis: Enterprise High-Productivity Application Platform as service Market Segmentation


The Enterprise High-Productivity Application Platform as a market can be segmented into component, deployment, industry, enterprise size, and region. 


By Component


Based on the components of Enterprise High-Productivity Application Platform, the market is further divided into two segments- software and Services. Again, services can be further classified into- implementation & integration, support and maintenance. 


By Deployment


Based on deployment, the Enterprise High-Productivity Application Platform is segmented into- on-premise and cloud-based. 


By Industry


Depending on the industry, the Based on the Enterprise High-Productivity Application Platform market sub-segmented into-



  • IT and telecom

  • Retail and E-commerce

  • BFSI

  • Automobile

  • Healthcare

  • Manufacturing

  • Logistics and transportation

  • Others


By Region


Regionally, the Based on the Enterprise High-Productivity Application Platform is divided into- North America, Europe, Asia Pacific, the MEA (the Middle East and Africa), and South America. Let's take a look at the further regional segments-


North America



  • U.S.

  • Canada

  • Mexico


Europe



  • U.K.

  • Germany

  • Russia

  • France

  • Spain

  • Italy

  • Nordic

  • Rest of Europe


Asia-Pacific



  • China

  • Japan

  • India

  • Australia

  • Malaysia

  • South Korea

  • Singapore

  • Rest of Asia Pacific


Middle East and Africa



  • UAE

  • South Africa

  • South Arabia

  • Rest Of Middle East and Africa


South America



  • Brazil

  • Rest of the South America


Regional Analysis


North America holds the largest market of Enterprise High-Productivity Application Platform as a Service Industrydue to the advanced technologies and strategies adopted by the companies. The companies increasing the adoption of advanced production to for better implementation and utilisation of assets and tools; this is also giving a boost to the market. Moreover, there is a growing trend of applications which are based on web or mobile and these are in high use across various sectors like IT, Retail and BFSI. 


On the other hand, Asia-Pacific Enterprise High-Productivity Application Platform as a Service Market Sizeis expected to grow at a rapid speed during the forecast period as more industry leaders are investing more in Enterprise High-Productivity Application Platform as a Service Market Shareto capture more share in the regional market.  


Enterprise High-Productivity Application Platform as a Service Market Covid-19 impact


The covid-19 pandemic has affected countries and businesses, and industries all across the world. Some of the industries are trying slowly to come out of the situation by recovering. However, this situation has compelled companies to reduce their investment in novel technologies during the lockdown period as a low return and workforce unavailability have become a common part. Enterprise High-Productivity Application Platform solution demand is decreasing for the covid-19 pandemic. However, due to the changes in business policies and adopting new production technologies, the demand is expected to increase during the forecast period. Since the market is already in a recovery mode, we can expect a solid growth for the Enterprise High-Productivity Application Platforms.


The report will analyze the market from various aspects. The analysis is primarily based on recent trends, drivers and restraints, various segmentations and major players in the field.

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 198.345 Billion (2022-2032)
  CAGR   42.2% (2022-2032)
  Base Year   2021
  Forecast Period   2022-2032
  Historical Data   2021
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Component, By Deployment, By Organization Size
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   WePay, Shift4 payments, Bluefin Payments, Kony, Inc., Pegasystems Inc., Salesforce.com, Inc., Oracle Corporation, Microsoft Corporation, ProntoForms Corporation, K2, Creatio, AgilePoint Inc., Betty Blocks, Kintone, Appian Corporation, Mendix Tech BV, Outsystems, Quick Base
  Key Market Opportunities   The use of the customized application in the production process in various industry verticals will offer robust opportunities to industry players in the days ahead.
  Key Market Drivers   The report also lays emphasis on the various market drivers, opportunities, market restraints, and challenges, as well as offers insights for the forecast period. \r\n It also throws light on the different market segments for a comprehensive understanding of the reader.




Frequently Asked Questions (FAQ) :

The Global Enterprise High-Productivity Application Platform as a Service Market is forecasted to grow during the period of 2022 to 2032.

As per the study, the expected CAGR for the Global Enterprise High-Productivity Application Platform as a Service Market is 36.09%.

North America leads the global enterprise high-productivity application platform as a service market attributing to the ongoing advancements in digital technologies and high adoption rates of web-based and mobile-based applications BFSI, retail, as well as IT verticals.

AgilePoint Inc., Betty Blocks, K2, Creatio, ProntoForms Corporation are the top players listed in the study of Global Enterprise High-Productivity Application Platform as a Service Market.

Europe, Middle East & Africa, Asia-Pacific, and South America are the regions showing high market share for Enterprise High-Productivity Application Platform as a Service, globally.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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