New York, NY, March 11, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Mobile Application Development Platform Market By Deployment (Cloud and On-Premises), By Application (Database and Cloud Security, Email Security, Network Security, Web Security, and Others), and By Vertical (BFSI, Education, Healthcare, Manufacturing, Media & Entertainment, Retail, Telecom & It, Travel and Hospitality, Transportation and Logistics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-2025’’. According to the report, the global mobile application development platform market was valued at USD 5,497 million in 2018 and is expected to reach USD 34,768 million by 2025, at a rate of 30.2% between 2019 and 2025.
The mobile application development platform is a software application that provides comprehensive facilities to create and manage various mobile apps. It reduces the risk associated with designing and development of mobile and web apps. The platform interfaces with backend infrastructure and client management server to provide visibility and control through a web-based console.
Browse through 84 Tables & 33 Figures spread over 138 Pages and in-depth TOC on “Global Mobile Application Development Platform Market: Type, Size, Trends, Industry Share and Forecast, 2018-2025”.
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The rising demand for commercial mobile devices and the advent of cross-platform applications are anticipated to foster the growth of the mobile application development platform market globally in the future. The commercial sector uses mobile devices to enhance productivity, mobility, safety, and promote improved customer services. This increases the need for mobile devices, thereby boosting the growth of mobile application development platform market. However, technical difficulties and the rising cost of mobile application development platform solutions may hinder the mobile application development platform market. The mobile application development is an advanced process that demands a high level of technical expertise for its development, which leads the organizations to choose third-party developers, thereby hampering the market.
The global mobile application development platform market is segmented on the basis of deployment, application, and vertical. The deployment segment includes cloud and on-premises. The application segment is divided into database and cloud security, email security, network security, web security, and others. By vertical, the market includes BFSI, education, healthcare, manufacturing, media and entertainment, retail, telecom and IT, travel and hospitality, transportation and logistics, and others. The telecom and IT industry are estimated to grow substantially, owing to the progression of various IT platforms and mobile devices across emerging economies, triggering a massive amount of data via internal and external sources. As the IT sector involves various activities, such as designing, development, testing, on-site management, and client support, it holds system integrators, service providers, and software vendors, offering services, such as data processing, hosting, and other services.
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Regionally, North America is expected to hold a substantial share of the global mobile application development platform market in the future. In North America, enterprise mobility is the priority for businesses to tackle the competitive business environment, which, in turn, has enabled various businesses to deploy mobile application development platforms. Moreover, the region holds well-established infrastructure with extensive penetration of mobile devices and the availability of excellent internet connectivity. The U.S. and Canada are anticipated to contribute remarkably toward the North American mobile application development platform market, owing to the presence of prominent players, such as Adobe Systems, Inc., IBM Corporation, and Salesforce Inc., and large scale investments in R&D by the leading players in the region.
The Asia Pacific mobile application development platform market is anticipated to witness significant growth in the upcoming years, 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. Furthermore, the favorable government initiatives to catalyze digitalization in the Asia Pacific and the rising number of startups are predicted to further fuel the market over the forecast time period.
Browse the full “Mobile Application Development Platform Market By Deployment (Cloud and On-Premises), By Application (Database and Cloud Security, Email Security, Network Security, Web Security, and Others), and By Vertical (BFSI, Education, Healthcare, Manufacturing, Media & Entertainment, Retail, Telecom & It, Travel and Hospitality, Transportation and Logistics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-2025” Report at https://www.zionmarketresearch.com/report/mobile-application-development-platform-market
The demand for mobile application development platform in Europe is anticipated to rise due to the presence of developed countries, such as UK, Germany, and Italy, contributing toward the region’s middleware software market. In addition, high investment in middleware software will spur Europe’s mobile application development platform in the future.
Latin American and the Middle Eastern and African regions are anticipated to grow at a slow pace, owing to inadequate resources for mobile application development and incompatible infrastructure for setting up mobile application platforms. Alternatively, the emergence of cost-effective cloud solutions is likely to support the market growth in the upcoming years. The rising expenditure on smart public solutions in Brazil and Argentina is another factor driving the Latin American mobile application development platform market.
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Some noticeable players of the global mobile application development platform market are Adobe Systems, Inc., Apple, Inc., Appcelerator Inc., Hewlett Packard, IBM Corporation, Kony Inc., Microstrategy, Microsoft Corporation, Oracle Corporation, OutSystems, Inc., Red Hat, Inc., Salesforce.Com Inc., SAP AG, and Verivo Software Inc.
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This report segments the global mobile application development platform market into:
Global Mobile Application Development Platform Market: Deployment Analysis
- Cloud
- On-Premises
Global Mobile Application Development Platform Market: Application Analysis
- Database and Cloud Security
- Email Security
- Network Security
- Web Security
- Others
Global Mobile Application Development Platform Market: Vertical Analysis
- BFSI
- Education
- Healthcare
- Manufacturing
- Media and Entertainment
- Retail
- Telecom and IT
- Travel and Hospitality
- Transportation and Logistics
- Others
Global Mobile Application Development Platform Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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