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In-depth Analysis and Forecast of the Software Construction Components Market on the Global as well as Regional Level (2016 - 2024)
Software construction components refer to the loosely coupled individual components which are consolidated into a larger software system. In terms of engineering disciplines, software construction with the fragmented components is known as component-based software engineering (CBSE). These components may be in the form of a software package, a web service, resource or a module that comprises of related data or functions. In order to exist autonomously, components take the form of objects or a collection of objects in the source programming language which can be Java, C++, or .NET. Components from a pre-constructed software are independently extracted and sold separately by the software developers themselves or through third-parties to aid in building a new software system. The main purpose of component based software construction is reusability in other software systems for construction and upgrading of existing software systems. CBSE enables comparatively shorter turn-around time to market for developing companies enabling them to invest time in the development of more software applications, thus facilitating in the growth of the software market.
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Increasing demand for new applications with augmented features and customization capabilities are rendering software development companies with an acute lack of time. This is leading software developers to use CBSE as a means to save time and provide quick customization capabilities. Also, increasing development and maintenance costs in the software industry are the major drivers identified for the software construction components market. The advent of internet of things (IoT) has made software development a larger and complex process. The need for reducing complexity and increasing productivity is strengthening the growth of the software construction components market. However, the time required to develop the components and the trustworthiness of these components are the major challenges tackled by the market. The rapidly emerging market for IoT is expected to open up numerous opportunities for the software construction components market as software development is anticipated to rise as a consequence of IoT penetration.
The global software construction component market can be segmented on the basis of component model, level of reuse, composition type, enterprise and geography. Based on component model, the market can be divided into Component Object Model (COM) model, Enterprise JavaBeans (EJB) model, .NET model, Common Object Request Broker Architecture (CORBA) component Model and Service Component Architecture (SCA). According to level of reuse, the software construction component market is segregated into code level components, entire applications, analysis level products and design level products. Depending on composition types, the market is segmented into sequential composition, hierarchical composition and additive composition. Based on enterprise size, the market is divided into large enterprises and small and medium enterprises. Based on geography, the market is classified into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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Some of the leading players in the software construction components market are International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Sybase (SAP), MTW Solutions, ComponentSource, Inc., GrapeCity Inc., ASG Technologies, Infragistics, Inc., Developer Express Inc., Syncfusion, Progress Software Corporation, Dundas Data Visualization, Inc., Rogue Wave Software, Inc. and , ABB Group.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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