Mobile Application Development Platform (MADP) Market 2019: Regional Analysis, Share, Revenue and Cost Analysis with Key Company’s Profiles and Forecast to 2023

Mobile Application Development Platform (MADP) Market 2019: Regional Analysis, Share, Revenue and Cost Analysis with Key Company’s Profiles and Forecast to 2023

June 29
15:15 2020
Mobile Application Development Platform (MADP) Market 2019: Regional Analysis, Share, Revenue and Cost Analysis with Key Company’s Profiles and Forecast to 2023

Mobile Application Development Platform (MADP) Market
Global Mobile Application Development Platform (MADP) Market is expected to generate a market value of USD 14 billion by 2023 growing at a 22% CAGR during the forecast period 2018-2023

Mobile Application Development Platform Market Overview:

The adoption of mobile applications enhance user experience and facilitates customer relationship management which is one of the driving factors of the mobile application development platform market. According to the recently published report by MRFR, the global mobile application development platform market will grow saliently throughout the projection period 2016 to 2022.

The global Mobile Application Development Platform Market is expected to exhibit a strong 22% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The market is expected to reach a valuation of USD 14 billion by 2023.

Competitive Analysis:

Leading players in the global mobile application development platform market include Halosys, Salesforce.com Inc., Progress Software Corporation, Oracle Corporation, IBM Corporation, ViaSat Inc., EchoStar Corporation, Globo, and Kony Inc.

In July 2019, Kony raised USD 37 million for its low-code app development platform. Low-code app development is likely to play a key role in the growth of the mobile application development platform market over the forecast period due to the growing demand for low-coding in consumer-centric app development.

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Segmentation:

The global mobile application development platform market is segmented on the basis of deployment type, organization size, end use, and region.

  • By deployment type, the market is segmented into cloud and on-premise.
  • By organization size, the global mobile application development platform market is segmented into small & medium enterprises and large enterprises.
  • By end-use vertical, the global mobile application development platform market is segmented into BFSI, healthcare, transportation & logistics, education, and media & entertainment.   

Regional Analysis:

Asia Pacific is expected to dominate the global mobile application development platform market over the forecast period due to the growing use of smartphones and tablets in the region. The increasing use of smartphones in Asia Pacific has driven the demand for mobile application development platforms in the region, as the use of smartphone apps has become more common and ingrained into the daily life of consumers. Rising smartphone usage and rising prevalence of smartphone addiction are likely to drive the usership figures for smartphones in Asia Pacific over the forecast period, thus driving the demand from the mobile application development platform market in the region at a solid rate. The growing consumer electronics industry in China, South Korea, Japan, and India is also likely to be a major driver in this regard, as the growing production of smartphones and tablets in these regions is likely to fuel local consumption of the products, leading to a growing demand for smartphones and mobile apps. The increasing awareness about mobile apps among consumers in underdeveloped countries such as Myanmar, Thailand, and Vietnam is likely to remain a major driver for the mobile application development platform market in Asia Pacific over the forecast period.

North America is likely to exhibit growth at a faster growth rate over the forecast period, even though the region has a slightly smaller share in the market to start with. The North America market for mobile application development platforms is mainly driven by the high awareness among consumers about various mobile apps, the diversity of mobile apps, and the possibility of creating new apps to solve different problems. The presence of major smartphone manufacturers as well as providers of cloud services, development services, and coding in North America is likely to be a major driver for the mobile application development platform market in the region over the forecast period.

Europe is also likely to be a major regional market for mobile application development platforms over the forecast period due to the strong presence of app developers as well as smartphone manufacturers in the region. The widespread availability of 5G telecom services in Europe and North America is also likely to be a key driver for the mobile application development platform market in these two regions over the forecast period. The increasing use of Bring Your Own Device policies in the enterprise sector in North America and Europe is likely to further drive the use of smartphones in these regions, further driving the mobile application development platform market over the forecast period. North America and Europe are both likely to remain leading players in the global mobile application development platform market over the forecast period despite the dominance of Asia Pacific.

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Brief Table of content

1.       Report Prologue

2.       Mobile Application Development Platform Market: Introduction

2.1       Definition

2.2       Scope of the Study

2.2.1    Research Objective

2.2.2    Assumptions

2.2.3    Limitations

2.3       Market Structure

2.4       Market Segmentation

Continue….

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