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Mobile Application Development Platform Market Forecast, Top Players Strategies, Regional Insights, Research Report
Mobile Application Development Platform Market
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The rising use of mobile devices by the organizations, growing adoption of bring your own device (BYOD) trend, need of better commercial mobile device, and adoption of cloud technology drive the mobile application development platform market. In addition, the need of automation of mobile application development and reduced time of application development time fuels the market growth. Rise in the cost of mobile application development platform solutions, technical difficulties in application development, and growing security concerns restrict the growth of the market. Maintaining back-end integration of the application and fall in usage of native applications are noteworthy challenges in front of global mobile application development platform market.
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The mobile application development platform market growth is dominated by a considerable number of vendors who offer mobile application development platform solution and services. The competition is tough among leading vendors on the basis of factors such as security and service quality. The key vendors are trying to offer competitive pricing along with added features. For instance, IBM Corporation launched MobileFirst Foundation design as a mobile application development platform in June 2016, which provides a range of features regarding cloud technology. The key vendors are also competing with new startups such as Pulp Strategy Technologies Pvt. Ltd., which released a cloud based mobile application development platform in October 2015.
The mobile application development platform market is segmented by deployment type, organization size, industry vertical, and region. Based on deployment type the market is segmented into cloud and on-premises deployment. Large and small & medium are the segments studied based on the organization size. Based on industry vertical, the global market is segmented into banking, financial, and insurance (BFSI), aerospace & defense, healthcare, public sector, IT & telecom, retail, and others. The market segmentation on the basis of geography includes North America, Europe, Asia-Pacific, and LAMEA.
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Comprehensive mobile application development platform market analysis and profiles of the major market players such as SAP AG, IBM Corporation, Oracle Corporation, Kony Inc., Microsoft Corporation, Verivo Software Inc., Salesforce.com Inc., Appcelerator Inc., MicroStrategy Incorporated, and Hewlett Packard Enterprise Company, are also provided in this report.
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