[FURL=https://www.industryarc.com/Research/Mobile-Application-Development-Platform-Market-Research-500745]Mobile Application Development Platform Market[/FURL] is expected to reach $20.7 billion by 2025 at a CAGR of 21.7% during the forecast period 2020-2025. Organizations are increasingly adopting mobile technology for better management of their operational and business functions, which has created the need for the mobile application development platforms. The rising use of mobile devices by the organizations, growing adoption of bring your own device (BYOD) trend and adoption of cloud technology drive the mobile application development platform market. In addition, the need of automation in mobile application development and favorable government initiatives for digitalization in emerging countries are analyzed to drive the market in the forecast period 2020-2025.Key Takeaways
APAC dominated the market by a market share of more than 34.2% in 2019, owing to the escalating need for innovations and favorable government initiatives to catalyze digitalization in this region.
Cloud deployment is growing at a highest CAGR of 24.5% in the forecast period owing to its operational flexibility and real-time deployment ease to companies than on-premises deployment.
Growth of mobile application development platforms in the commercial sector is a key factor contributing to the growth of mobile application development.
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Mobile Application Development Platform Market Segment Analysis - By Geography
APAC dominated the market with a market share of more than 34.2% in 2019, owing to the escalating need for innovations and rising demand for advanced technologies. Moreover, emerging economies like China and India are the largest producers and consumers of cost-effective smartphones. Enterprise mobility in China is a major technology issue for several enterprises. In India, various firms are still reluctant to adopt cloud solutions due to security concerns. Additionally, the increasing affordability of smart devices has led to the proliferation of mobile enterprise development platform in the region, which is likely to drive this regional market in the next few years.
Mobile Application Development Platform Market Drivers
Emergence of Cloud Based Technology :
Rising adoption of mobile devices in commercial sector is expected to drive the market :
Mobile Application Development Platform Market Landscape : Mobile Application Development Platform top 10 companies include Adobe Systems, Inc., IBM Corporation, Kony, Salesforce.Com, SAP SE, Appcelerator, Inc., Backbase, MicroStrategy Inc., Apple, Inc., Intellectsoft LLC, Hewlett Packard Enterprise Company, Oracle Corporation, OutSystems, Inc., Red Hat, Inc., Sourcebits, Telerik,Inc., and Microsoft Corporation, among others.
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