Application Platform Market Analysis, Cost Structures, Market Demand, Supply Chain relationship and Forecast to 2027 | Top Players are SAP, IBM, Micro Focus, NEC, Fujitsu, Oracle, etc

The Global Application Platform Market is forecast to reach USD 14.06 Billion by 2026, according to a new report by Reports and Data. The rising trend towards digitalization, coupled with the extensive adoption of smartphones, and the internet will fuel the growth of the market. With the evolution of technologies and digitalization, the need for appropriate application platform has been increasing.

The report contains an in-depth analysis of the market under the recent COVID-19 impact. The pandemic has affected the economic landscape of the world dynamically. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic. The report also discusses the present and future impact of COVID-19.

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The use of application platforms for businesses provide them with a comprehensive app performing diverse functions and negates the requirement of multiple apps. It also enhances employee productivity and the return on investment (ROI) of the business. Businesses are continually looking for ways to leverage technology for improving business performance, including how to introduce customized mobile and web applications more efficiently. These software platforms specialize in application development, providing the flexibility to build productive business apps without the delays and expense of writing code.

Key participants include:- SAP, IBM, Micro Focus, NEC, Fujitsu, Oracle, Hitachi, Microsoft, HPE, Adobe Systems, Red Hat, Huawei, Gigaspaces, Akamai, APAChe Tomcat, Caucho Technology, Nastel Technologies, Tmaxsoft, Rogue Wave Software, Navisite, Nginx, 4D Technologies, Kony, Mendix, and Betty Blocks, among others.

For the purpose of this report, Reports and Data have segmented into the global Application platform market on the basis of component, platform, deployment type, organization size, application, industry vertical, and region:

Component Outlook (Revenue, USD Billion; 2020-2027)
Software (Application Platform Software, Transaction Processing Monitor Software)
Services (Deployment and Integration, Support and Maintenance, Managed Services)

Platform Outlook (Revenue, USD Billion; 2020-2027)
IOS
Android
Windows
Others

Organization Size Outlook (Revenue, USD Billion; 2020-2027)
Small and Medium-Sized Enterprises
Large Enterprises

Deployment type Outlook (Revenue, USD Billion; 2020-2027)
Cloud
On-premises

Application Outlook (Revenue, USD Billion; 2020-2027)
Database and Cloud Security
Email Security
Network Security
Web Security
Others

Industry Vertical Outlook (Revenue, USD Billion; 2020-2027)
BFSI
Healthcare
Retail
Transportation and Logistics
Media and Entertainment
Telecom and IT
Construction
Education
Manufacturing
Others

Regional Outlook (Revenue, USD Billion; 2020-2027)
North America
Europe
Asia Pacific
MEA
Latin America

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Further key findings from the report suggest:
The software segment accounts for a larger market share of ~54% in the year 2018. The segment can be further segmented into application platform software and transaction processing monitor software. The growth of the application platforms software will boost the growth of the market. Application platform software is a cost-effective and efficient process that rarely requires extensive coding knowledge or app development experience.

The large-sized organizations account for a larger market share of ~64% in the year 2018, owing to the increasing investments on authentication software.

The on-premises deployment type accounts for a larger market share of ~60% in the year 2018. In an on-premises deployment of application platforms, resources are deployed within the organization’s IT infrastructure. The deployment type is much more secure and provides complete control over the data stored in it.

The Android platform accounts for the largest market share of ~36% in the year 2018. The extensive use of smartphones will drive the market for android application platforms. The sheer variety of Android smartphones available; affordable costs; and hardware customizations; are the reason behind the popularity of android application platforms for mobile.

The retail and e-commerce industry is anticipated to witness the highest CAGR of 7.6% during the forecast period, attributed to the emergence of advanced technologies to provide utmost service to their customers through multiple channels. Their investment in end-to-end digital operations has driven the growth of the industry.

North America held the largest market share of ~31% in the year 2018, owing to the presence of some of the leading players of the market in the region. The deployment of customised application platforms by the organizations in the region, to secure its data against various threats will fuel the market growth.

Key insights presented in the report:
• Market revenue shares by major business players, by type, by application, and market scope of global Application Platform market
• Sales revenue by key players and new entrants
• Competitive analysis of key players, including company overview, product or service specifications, vendors, and buyers.
• Recent mergers, acquisitions, product launches, recent investments, and joint ventures
• Regional analysis to provide insight into recent trends and opportunities

The report is updated with recent changes in the global trends, economic scenario, and opportunities due to the pandemic. The report also provides an accurate analysis of growth prospects by applying analytical tools such as SWOT analysis and Porter’s Five Forces analysis.

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This release was published on openPR.