Shibuya-ku, Tokyo, Japan, Japan, Aug 16, 2022, 04:24 /Comserve / -- Rapid Application Development Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast
"A research report on Rapid Application Development Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.
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Global rapid application development (RAD) market is expected to grow at a CAGR of around 40% during the forecast period, on account of increasing demand for faster customer programming. Rapid application development or rapid application building is a highly interactive application development approach that helps building software applications rapidly. In RAD, coders as well as non-coders can create applications with the help of simple drag and drop functionality, thereby propelling market growth. Now a days, enterprises are focusing on optimizing performances and processes, which in turn is promoting the rapid application development market. Moreover, trend of bring our own device (BYOD) is expected to positively influence the market during forecast period.
Rapid application development market can be segmented based on type, component, business function, deployment, organization size and vertical. In terms of type, rapid application development (RAD) market can be classified into low-code development platform and no-code development platform. No-code development platform is expected to be the fastest growing type as it allows both tech-savvy as well as non-coders to develop applications using the drag and drop method. Moreover, no-code development platform is easy to deploy and does not require any expertise in any programming language. Rapid application development market can be deployed on-premise and cloud. Cloud deployment mode is the leading segment and is also expected to be the fastest growing deployment type due to higher flexibility, scalability and reliability. In 2018, North America dominated the market and is expected to maintain its leading position in the coming years, as countries, such as US and the Canada are increasingly adopting advanced technologies, backed by the presence of leading players in the region.
Some of the major players operating in global rapid application development market are Salesforce.com, Inc., Outsystems Inc., Mendix Tech BV, Servicenow Inc., Microsoft Corporation, Appian Corporation and Pegasystems Inc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In 2018, Zoho Corp. launched two new products, Zoho PageSense and Zoho Flow, to simplify operations for the organizations.
Objective of the Study:
• To analyze and forecast global rapid application development market size.
• To classify and forecast global rapid application development market based on type, component, business function, deployment, organization size, vertical and regional distribution.
• To identify drivers and challenges for global rapid application development market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global rapid application development market.
• To identify and analyze the profile of leading players operating in global rapid application development market.
SDKI performed both primary as well as exhaustive secondary research for this study. Initially, SDKI sourced a list of service providers across the globe. Subsequently, SDKI conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, SDKI could include the service providers which could not be identified due to the limitations of secondary research. SDKI analyzed the service offerings, distribution channels and presence of all major service providers across the globe.
SDKI calculated global rapid application development market using a bottom-up approach, where data for various verticals was recorded and forecast for the future years. SDKI sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by SDKI.
Key Target Audience:
• Rapid application development service providers and end users
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to rapid application development
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as service providers and partners, verticals, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global rapid application development market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, by Type:
o Low-code development platform
o No-code development platform
• Market, by Component:
o Tools
o Services
• Market, by Business Function:
o Sales & Marketing
o HR & Operations
o Finance
o IT
• Market, by Deployment:
o Cloud
o On-premise
• Market, by Organization Size:
o SMEs
o Large Enterprise
• Market, by Vertical:
o BFSI
o Automotive
o Retail
o IT & Telecom
o Government
o Healthcare
o Others
• Market, by Region:
o North America
United States
Canada
Mexico
o Europe
United Kingdom
Germany
France
Italy
Spain
o Asia Pacific
China
Japan
South Korea
Australia
India
o Middle East & Africa
UAE
South Africa
Saudi Arabia
Qatar
o South America
Brazil
Argentina
Colombia
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Table of Content1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Most Preferred Rapid Application Development Component
4.2. Most Preferred Deployment Type
4.3. Major Drivers for Rapid Application Development
4.4. Major Challenges for Rapid Application Development
5. Global Rapid Application Development Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Low-code Development Platform and No-code Development Platform)
5.2.2. By Component (Tools and Services)
5.2.3. By Business Function (Sales & Marketing, HR & Operations, Finance and IT)
5.2.4. By Deployment (Cloud and On-premise)
5.2.5. By Organization Size (SMEs and Large Enterprises)
5.2.6. By Vertical (BFSI, Automotive, Retail, IT & Telecom, Government, Healthcare and Others)
5.2.7. By Region
5.2.8. By Company (2018)
5.3. Market Mapping
6. North America Rapid Application Development Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Deployment
6.2.3. By Vertical
6.2.4. By Country
6.3. North America: Country Analysis
6.3.1. United States Rapid Application Development Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By Vertical
6.3.2. Canada Rapid Application Development Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type
6.3.2.2.2. By Vertical
6.3.3. Mexico Rapid Application Development Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type
6.3.3.2.2. By Vertical
7. Europe Rapid Application Development Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Deployment
7.2.3. By Vertical
7.2.4. By Country
7.3. Europe: Country Analysis
7.3.1. United Kingdom Rapid Application Development Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Vertical
7.3.2. Germany Rapid Application Development Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Vertical
7.3.3. France Rapid Application Development Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Vertical
7.3.4. Italy Rapid Application Development Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Type
7.3.4.2.2. By Vertical
7.3.5. Spain Rapid Application Development Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Type
7.3.5.2.2. By Vertical
8. Asia-Pacific Rapid Application Development Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Deployment
8.2.3. By Vertical
8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Rapid Application Development Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Type
8.3.1.2.2. By Vertical
8.3.2. Japan Rapid Application Development Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Type
8.3.2.2.2. By Vertical
8.3.3. South Korea Rapid Application Development Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Type
8.3.3.2.2. By Vertical
8.3.4. Australia Rapid Application Development Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Type
8.3.4.2.2. By Vertical
8.3.5. India Rapid Application Development Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Type
8.3.5.2.2. By Vertical
9. Middle East & Africa Rapid Application Development Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Deployment
9.2.3. By Vertical
9.2.4. By Country
9.3. MEA: Country Analysis
9.3.1. UAE Rapid Application Development Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Type
9.3.1.2.2. By Vertical
9.3.2. South Africa Rapid Application Development Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Application
9.3.3. Saudi Arabia Rapid Application Development Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Type
9.3.3.2.2. By Vertical
9.3.4. Qatar Rapid Application Development Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Type
9.3.4.2.2. By Vertical
Get More Info: Rapid Application Development Market
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