Application Development Software Market is Anticipated to Grow US$ 833.5 Bn By 2030
The global Application Development Software market size is expected to reach USD 833.5 billion by 2030 and is expected to expand at a CAGR of 30.4% from 2021 to 2030.
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Growth Factors
The growing trend of cloud-based solutions, coupled with an increase in the usage of the Internet of Things (IoT) technology, is anticipated to propel the market over the forecast period. Furthermore, a surge in the demand for advanced applications to improve work efficiency, resolve various business issues, and streamline business and operations due to digitalization is expected to support the market growth over the forecast period.
The increasing demand for various software applications to speed up and simplify business operations using advanced IoT technology and cloud-based solutions is expected to support the market growth over the forecast period. The demand for application development software is anticipated to gain steady traction over the coming years owing to the need for scalable and customized software.
Report Coverage
| Report Scope | Details |
| Market Size | USD 833.5 billion by 2030 |
| Growth Rate | CAGR of 30.4% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, Deployment type, Organization Size, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Salesforce.com, Inc.; Oracle Corporation; Zoho Corporation; Fujitsu Ltd. |
Report Highlights
Based on type, the application development software market is segmented into low-code and no-code development platforms. The low-code development platforms segment dominated the market and accounted for more than 58.6% share in 2020.
The no-code development platform segment is anticipated to expand at the highest CAGR of 35.4% over the forecast period. The segment growth can be attributed to the increasing availability of no-code development platforms such as WordPress, Wix, Quixey, and Nintex Process Platforms.
Based on deployment type, the market is segmented into on-premise and cloud. The on-premise segment dominated the market and accounted for more than 60.1% share of the overall market in 2020.
The cloud segment is anticipated to register a CAGR of 34.9% from 2021 to 2030. The segment growth can be attributed to the growing cloud service adoption by various large enterprises and SMEs due to benefits such as zero initial infrastructure setup costs and on-demand availability of computing services.
The large enterprise segment accounted for 62.5% share of the overall market in 2020. Large enterprises have a diverse revenue stream and corporate network, which aids in the adoption of new solutions and technologies in their existing systems.
Based on application, the market is segmented into BFSI, media and entertainment, IT and telecom, healthcare, travel and tourism, and others. The media and entertainment application segment accounted for more than 30.8% share of the global revenue in 2020.
The IT and telecom segment is anticipated to expand at a CAGR of 34.4% from 2021 to 2030. The increasing demand for customized services and solutions in the IT & telecom industry and the increasing number of tech-savvy individuals and IT professionals across the globe are expected to fuel the segment growth over the forecast period.
North America dominated the market and accounted for over 50.0% share of the global revenue in 2021. The region is a center for numerous internet users and technological innovations. The market in the Asia Pacific region is anticipated to expand at the highest CAGR of 27.3% from 2021 to 2030.
Key Players
- Oracle Corporation
- Fujitsu Ltd.
- HCL Technologies
- Wipro Ltd.
- Zoho Corporation
Market Segmentation
- Type
- Low-code Development Platforms
- No-code Development Platforms
- Deployment Type
- On-premise
- Cloud
- Organization Size
- Small & Medium Enterprise
- Large Enterprise
- Application
- BFSI
- Media & Entertainment
- IT & Telecom
- Healthcare
- Travel & Tourism
- Others
- Regional
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Application Development Software Market, By Type
7.1. Application Development Software Market, by Type, 2021-2030
7.1.1. Low-code Development Platforms
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. No-code Development Platforms
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Application Development Software Market, By Deployment Type
8.1. Application Development Software Market, by Deployment Type, 2021-2030
8.1.1. On-premise
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Cloud
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Application Development Software Market, By Organization Size
9.1. Application Development Software Market, by Organization Size, 2021-2030
9.1.1. Small & Medium Enterprise
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Large Enterprise
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Application Development Software Market, By Application
10.1. Application Development Software Market, by Application, 2021-2030
10.1.1. BFSI
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Media & Entertainment
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. IT & Telecom
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Healthcare
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Travel & Tourism
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Application Development Software Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2017-2030)
11.1.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.1.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.1.4. Market Revenue and Forecast, by Application (2017-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.1.5.4. Market Revenue and Forecast, by Application (2017-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.1.6.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.1.6.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.1.6.4. Market Revenue and Forecast, by Application (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.2.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.2.4. Market Revenue and Forecast, by Application (2017-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.2.5.4. Market Revenue and Forecast, by Application (2017-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.2.6.4. Market Revenue and Forecast, by Application (2017-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.2.7.4. Market Revenue and Forecast, by Application (2017-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.8.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.2.8.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.2.8.4. Market Revenue and Forecast, by Application (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.3.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.3.4. Market Revenue and Forecast, by Application (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.3.5.4. Market Revenue and Forecast, by Application (2017-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.3.6.4. Market Revenue and Forecast, by Application (2017-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.3.7.4. Market Revenue and Forecast, by Application (2017-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.8.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.3.8.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.3.8.4. Market Revenue and Forecast, by Application (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.4.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.4.4. Market Revenue and Forecast, by Application (2017-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.4.5.4. Market Revenue and Forecast, by Application (2017-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.4.6.4. Market Revenue and Forecast, by Application (2017-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.4.7.4. Market Revenue and Forecast, by Application (2017-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.8.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.4.8.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.4.8.4. Market Revenue and Forecast, by Application (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.5.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.5.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.5.4. Market Revenue and Forecast, by Application (2017-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.5.5.4. Market Revenue and Forecast, by Application (2017-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.5.6.2. Market Revenue and Forecast, by Deployment Type (2017-2030)
11.5.6.3. Market Revenue and Forecast, by Organization Size (2017-2030)
11.5.6.4. Market Revenue and Forecast, by Application (2017-2030)
Chapter 12. Company Profiles
12.1. Oracle Corporation
12.1.1. Company Overview
12.1.2. Deployment Type Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Fujitsu Ltd.
12.2.1. Company Overview
12.2.2. Deployment Type Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. HCL Technologies
12.3.1. Company Overview
12.3.2. Deployment Type Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Wipro Ltd.
12.4.1. Company Overview
12.4.2. Deployment Type Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Zoho Corporation
12.5.1. Company Overview
12.5.2. Deployment Type Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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