“The rapid application development market size is expected to grow from US$ 7.8 billion in 2019 to US$+ 46.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of +42.9% during the forecast period.”
Rapid Application Development (RAD) has emerged as a highly interactive application development approach that helps build software applications rapidly. The RAD environment helps organizations develop faster and more high-quality applications. However, technological developments and user-friendly cloud environments such as Platform-as-a-Service (PaaS), Infrastructure-as -a-Service (IaaS), and Everything-as-a-Service (XaaS) have driven the business mobility on a large scale.
The Global Rapid Application Development Market report has primarily witnessed a shift towards digitization of the grid system and is termed as a major factor contributing towards the growth of the global industry. Technological and population growth are one of the major driving forces for the Global Rapid Application Development Market. They are also huge data networks that are vital for the continuous functioning of various economic sectors.
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Top Key Players:
IBM (US), AWS (US), Google (US), Microsoft (US), Oracle (US), Salesforce (US), Appian (US), Mendix (US), Zoho Corporation (India), OutSystems (US), LANSA (US), Ninox (US), Oro (US), Matsoft (UK), Kony (US), Pegasystems (US), ServiceNow (US), WaveMaker (US), KiSSFLOW (India), Radzen (Europe), AmpleLogic (India), FileMaker (US), QuickBase (US), AppSheet (US), and K2 (South Africa)
Moreover, the research report underscores the global market based on several parameters. The global rapid application development market has broadly segmented into various regions such as North America, Latin America, Asia-Pacific, Africa and the Middle East based on the productivity of the companies. It has been aggregated on the basis of qualitative and quantitative analysis.
Furthermore, it offers a detailed description of the global rapid application development market with respect to the dynamics of the market such as internal and external driving forces, restraining factors, risks, challenges, threats, and opportunities. Analysts of this research report are predicting the financial attributes such as investment, pricing structures along with the profit margin. This research report presents different perspectives of the Rapid Application Development market to offer a complete analysis of the global market. This statistical research study has been compiled through a blend of primary and secondary research techniques. It also offers up-to-date information on recent trends, tools, competitive landscape, key players and regional outlook. Readers are provided with a fundamental analysis of the overall global market by presenting it with effective infographics.
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Benefits of Rapid Application Development:
- Risk Reduction
- Increased Quality
- Faster time to market
The main goal for the dissemination of this information is to give a descriptive analysis of how the trends could potentially affect the upcoming future of rapid application development market during the forecast period. This markets competitive players and the upcoming competitors are studied with their detailed research. Revenue, production, price, market share of these players is mentioned with precise information.
In This Study, The Years Considered To Estimate The Size Of Rapid Application Development Market Are As Follows:
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- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027
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