Dublin, Jan. 04, 2024 (GLOBE NEWSWIRE) -- The "Rapid Application Development - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Rapid Application Development estimated at US$49.8 Billion in the year 2022, is projected to reach a revised size of US$802.8 Billion by 2030, growing at a CAGR of 41.5% over the analysis period 2022-2030. Tools, one of the segments analyzed in the report, is projected to record 39.6% CAGR and reach US$416.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 44% CAGR for the next 8-year period. 
The U.S. Market is Estimated at $14.6 Billion, While China is Forecast to Grow at 38.4% CAGR
The Rapid Application Development market in the U.S. is estimated at US$14.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$121.3 Billion by the year 2030 trailing a CAGR of 38.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 36.8% and 33.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 24.2% CAGR.
Select Competitors (Total 32 Featured) -
- Appian
- AWS
- IBM
- Kissflow
- Kony
- Lansa
- Matssoft
- Mendix
- Microsoft
- Oracle
- ORO
- Outsystems
- Salesforce
- Zoho Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 88 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $49.8 Billion |
| Forecasted Market Value (USD) by 2030 | $802.8 Billion |
| Compound Annual Growth Rate | 41.6% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/r5tv7v
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
