North America to Dominate Global Rapid Application Development Market till 2024
Technological advancements
and adoption of rapid application development in various industries, such as
BFSI, IT & telecom and healthcare to drive global rapid application
development market through 2024
According to
TechSci Research report, “Global Rapid Application Development Market By Type, By Component, By Business Function,
By Deployment, By Organization Size, By Vertical, By Region, Competition,
Forecast & Opportunities, 2024”, global rapid application
development market is expected to register a CAGR of more than 40% 2019 - 2024,
due to rising demand for customized applications and expanding BYOD trend in
enterprises. Rapid application development (RAD) helps to save money and time for
the company by developing applications with low- or no-coding knowledge, thereby
aiding market growth.
Rapid
application development market, globally, can be segmented based on type, component,
business function, organization size, deployment, vertical and region. Based on
the type, the market can be bifurcated into low-code development platform and
no-code development platform. No-code development platform is expected to grow
at the fastest rate during the forecast period, owing to ease of deployment,
capability of integration with existing infrastructure and ease of use. Based
on business function, the market can be segmented into HR & operations,
finance and IT and sales & marketing. Sales & marketing segment is
reaping the benefits of rapid application developing by implementing RAD to
monitor the performance of sales force and improve the customer service, and hence,
is expected to be the fastest growing business function during the forecast
period.
Browse 20 market data Tables and 111 Figures
spread through 110 Pages and an in-depth TOC on "Global Rapid Application Development
Market"
https://www.techsciresearch.com/report/rapid-application-development-market/3916.html
Salesforce.com, Inc.,
Outsystems Inc., Mendix Tech BV, Servicenow Inc., Microsoft Corporation, Appian
Corporation and Pegasystems Inc. are among the leading players operating in
global rapid application development market. “North America dominates global rapid
application development market, on account of presence of leading players in
the region and growing investments in data management solutions by countries
such as the US and Canada. Asia-Pacific rapid application development market is
expected to register growth during the forecast period, owing to the rapid
emergence of IoT, AI, ML, cloud computing, big data, DevOps, etc., in the
region.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
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“Global Rapid Application Development Market By
Type, By Component, By Business Function, By Deployment, By Organization Size,
By Vertical, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global rapid
application development market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global rapid
application development market.
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