|Kony Inc. (U.S.)|
|EchoStar Corporation (U.S.)|
|ViaSat Inc. (U.S.)|
|IBM Corporation (U.S.)|
|Oracle Corporation (U.S.)|
|Progress Software Corporation (Germany)|
|com Inc. (U.S.)|
|Market Driving Forces|
|Rising penetration of Modern Smartphones and the Global Internet|
|Increasing use of smartphones|
A new type of software that allows the business users to rapidly build, perhaps deploy and test the mobile applications for tablets and smartphones is generally known by Mobile Application Development Platform (MADP). A mobile application development platform is a platform where a group of services and products allows the user in fast and easy developments of applications in mobile. It saves a lot of time for the top management. Not only this, but some extra benefit also that businesses got is that they can either build their mobile application development platform or in case of a large investment in building owning mobile application development platform they can simply buy it from third-party vendors. This feature includes front-end development tools for application programming interfaces (APIs).
With the growth of advanced technology and the recent developments in the mobile application development platform market, the global application development platform market is expected to generate a market value of USD 70.59 Billion by 2030 growing at a 26.46% CAGR during the forecast period 2020-2030
COVID 19 Analysis
The global pandemic of COVID 19 has made lives miserable. It not only affected the health sector but even had pushed the economic sector into forced recession. This situation of the global pandemic has made people work from their homes and it has become the new normal for everyone. Now all the work is done over smartphones, tablets, and laptops. Increasing use of these electronic gadgets has made the mobile application development platform market rise.
Now not only the big business enterprises are capturing this opportunity to help people with digital platforms but also encouraged start-ups to seek the advancement in technology in these difficult times. The mobile application development platform is the friend needed during the lockdown situation. With all these, it is expected that the mobile application development platform industry will rise in the first quarter of the coming year.
The increasing growth of Mobile Application Development Platform Market is mainly because of the increasing use of mobile devices in the commercial sector. In the commercial sector, the use of mobile phones helps in improving productivity, mobility, and safety which helps the employees to improve client service, which further helps in maintaining good connections with clients and suppliers and allows them to work smoothly.
With the use of mobile-based applications and increasing use of smartphones, it helps to run the business effectively which will ultimately lead to growth in the global share of the mobile application development platform and be a big opportunity shortly. Another opportunity is the increasing use of Bring Your Own Device (VYOD) and Bring Your Own Access (BYOA) that is used in all kinds of mobile devices, including Android, iPhones, Windows phones by the employees. As a result, it overcomes the problem of one kind of mobile device.
Although the mobile application development platform is making a high global market share. Despite this, the fact of technical difficulties and increasing cost acts as a restraint in the growth of the mobile application development platform market. The development of the mobile application is a complex process and requires a high level of technical expertise even after using the mobile application development platform. This is the reason businesses go for third-party developers and hence hinders the growth in the market.
Value Chain Analysis
The mobile application development platform is very much required these days as it adds a lot of value to the working of businesses. Now the employees are relieved from a great ton of pressure. Mobile application development platform helps in improving efficiency, it also offers high scalability, integrates with existing software, secures the application data. It is very easy to maintain and also helps in building customer relationships and even facilitates new client data retrieval. Mobile application development platform also provides real-time project access with ease in project management. Not only these, but it records the digital files for accounting purposes as well.
The mobile application development platform market is segmented into various units based on deployment, organization size, verticals, and regions.
Based on deployment type
Mobile Application Development Platform Market is bifurcated based on deployment type into cloud-based and on-premises.
Based on organization size
Mobile Application Development Platform Market is bifurcated based on organization size into a small and medium-sized enterprise and large-size enterprise.
Based on verticals
The mobile application development platform is segmented based on verticals into healthcare, transportation, and logistics, BFSI, education, media, and entertainment.
Based on region
Mobile Application Development Platform Market is segmented based on region into North America, Asia-Pacific, Europe, and the rest of the world.
In the mobile application development platform, the Asia-Pacific region is expected to dominate the global market. The high availability of low-cost tablets and smartphones has led this Asia-Pacific region to dominate the global market. Not only this, the increasing use of digital gadgets in countries like China and India are also responsible for the growth of the mobile application development market in the global market share.
During the forecast period from 2019 to 2023, it is expected that North America will show a higher growth rate owing to the presence of major key players in the mobile application development global market. Europe is also not much behind these regions. Countries like Italy and Germany are spending a huge amount in the middleware software market which is driving the growth of the mobile application development platform market all over the world. Not only these regions but Latin America and Middle East Africa also show a growth rate at a slow pace due to the non-availability of adequate resources.
These are the major key players who are driving the mobile application development platform market all over the globe. They use the mobile application development platform very frequently and also lends their services to third-party vendors.
The mobile application development platform market research report contains the following:
This mobile application development platform market research report shows the various key players in the global market and how they are strategizing to come out of the global pandemic situation. This also contains the estimates of future growth in the mobile application development platform along with some development trends going on in the global market.
C++, Java, swift, HTML5, PHP, MoSync, flutter, and many others.
The intended users of mobile application development platforms are hardware providers, research organizations, software providers, application developers, healthcare sector, education sector, media, and entertainment sector, IT and telecommunications sector BFSI sector, and others.
|Market Size||USD 70.59 Billion (2030)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Deployment Type, Organization Size, Verticals|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Kony Inc. (U.S.), Globo (U.S.), EchoStar Corporation (U.S.), ViaSat Inc. (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), Progress Software Corporation (Germany), com Inc. (U.S.), Halosys (U.S.)|
|Key Market Opportunities||
|Key Market Drivers||
In Europe, the UK, Italy and Germany are the major countries in the middleware software market.
Asia-Pacific is expected to dominate the market of mobile application development platform due to high availability of low-cost tablets and smartphones which lead to the adoption of mobile application development platform by the organizations in this region. Moreover, the emerging use of digital technology in the countries like India and China are responsible for the growth of MADP market.
In Latin America and Middle East Africa regions the market is expected to grow with slow pace due to availability of inadequate amount of resources for mobile application development startups and key infrastructures.
BFSI, Healthcare, Transportation & Logistics, Education, Media & Entertainment are the verticals that make extensive use of the mobile application development platform.
The global application development platform market value is expected to be USD 70.59 Billion by 2030
The verticals that make extensive use of mobile application development platforms are the healthcare sector, transportation and logistics sector, BFSI sector, media, and entertainment sector.