Market Research Report
Application Platform Market by Software (Application Platform, Transaction Processing Monitor), Service (Deployment & Integration, Support & Maintenance, Managed), Deployment (aPaaS, On-Premises), Organization Size, & Region - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||644005|
|Published||Content info||130 Pages
|Application Platform Market by Software (Application Platform, Transaction Processing Monitor), Service (Deployment & Integration, Support & Maintenance, Managed), Deployment (aPaaS, On-Premises), Organization Size, & Region - Global Forecast to 2023|
|Published: May 24, 2018||Content info: 130 Pages||
"The application platform market is expected to grow at a Compound Annual Growth Rate of 5.4% during the forecast period."
The global application platform market size is expected to grow from USD 8.99 billion in 2018 to USD 11.69 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period. The factors such as the rising importance of DevOps and Application Platform-as-Service (aPaaS) is driving the growth of the application platform market. However, competition from open-source alternatives is restraining the application platform market growth.
The aPaaS segment is active, competitive, and rapidly growing, which is said to be gaining traction. This trend is expected to continue during the forecast period. aPaaS is also called as the third-party provider-managed platform and is majorly offered as cloud services. This segment offers a development and deployment environment for application platform services. Moreover, aPaaS delivers fast, secure, and business-critical enterprise applications with a low Capital Expenditure (CapEx) and upfront cost. aPaaS also manages the complete life cycle of application platforms, starting from building, testing, deploying, and managing to updating.
North America is expected to account for the largest market size in the application platform market during the forecast period. With regards to the emergence of trending technologies, such as Software-as-Service (SaaS)-based applications, cloud computing, big data, DevOps, and enterprise mobility, users and enterprises have been urged to adopt much more sophisticated and reliable application platform software and associated services. This adoption is expected to contribute to the overall growth of the application platform market in North America.
Asia Pacific (APAC) is expected to witness significant growth and projected to be the fastest-growing region in the global application platform market during the forecast period. The region has witnessed the advanced and dynamic adoption of new technologies and has been a lucrative market for application platform software and associated services. Owing to the rapid growth of web and mobile applications in this region, the need to deploy, monitor, protect, and manage these applications against vulnerabilities is a major concern. This concern has given rise to the demand for application platform software in this region, as this software provides a reliable platform to develop, deploy, and manage enterprise applications.
In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people. The break-up of profiles of primary participants is as follows:
The application platform market includes major vendors, such as IBM (US), Oracle (US), SAP (Germany), NEC (Japan), Microsoft (US), Micro Focus (UK), Fujitsu (Japan), Hitachi (Japan), Adobe (US), HPE (US), Huawei (China), and Red Hat (US). The other players include Akamai (US), GigaSpaces (US), Caucho (US), Apache Tomcat, TmaxSoft (US), Nastel Technologies (US), Navisite (US), Rogue Wave Software (US), 4D Technologies (France), NGINX (US), Mendix (US), Kony (US), and Betty Blocks (Netherlands).
The report includes an in-depth competitive analysis of the key players in the application platform market, along with their company profiles, recent developments, and key market strategies. The report segments the application platform market by component (software and service), deployment, organization size, and region.
The application platform market has been segmented on the basis of components (software and services), deployments, organization size, and regions.
The report is expected to help market leaders/new entrants in the application platform market in the following ways:
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.