What is Rapid Application Development Software Market Scope?
Rapid Application Development (RAD) is a form of agile software development method that focuses on fast prototype versions and fast feedback. The main benefit of implementing a fast application development approach is a fast project feedback process, which makes it an attractive choice for developers working in a fast-paced environment like software development. This rapid pace is made possible by rapid application development that focuses on minimizing the planning phase and maximizing rapid prototype development. By reducing planning time and emphasizing prototype iterations, rapid application development enables project managers and stakeholders to accurately measure progress and communicate in real-time about evolving problems or changes. This leads to more efficiency, faster development, and more effective communication through quick feedback. The company in the RAD category is growing technologically, and because of this, the Rapid Application Development (RAD) market will grow in the years to come.
The Rapid Application Development Software market study is being classified by Type (Low-Code Development Platforms and No-Code Development Platforms), by Application (Support and Maintenance, Deployment and Integration and Consulting) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Rapid Application Development Software market throughout the predicted period.
IBM (United States), AWS (United States), Google (United States), Microsoft (United States), Oracle (United States), Salesforce (United States), Appian (United States), Mendix (United States), Zoho Corporation (India), OutSystems (United States), LANSA (United States), Ninox (United States), Oro (United States), Netcall (United Kingdom), Kony (United States), Pegasystems (United States), ServiceNow (United States), WaveMaker (United States) and KiSSFLOW (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Radzen (Europe), AmpleLogic (India), FileMaker (United States), QuickBase (United States) and AppSheet (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Rapid Application Development Software market by Type, Application and Region.
On the basis of geography, the market of Rapid Application Development Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In April 2018, Microsoft partnered with C3 IoT, a provider of AI and IoT software platforms, to deliver new technology developments and provide go-to-market strategies that accelerate the development of AI and IoT applications in enterprises. Combining the market reach of Microsoft Azure with the power of the AI platform from C3 IoT, Microsoft plans to accelerate the global adoption of AI, IoT, and elastic cloud computing.
Influencing Market Trend
- Removal of Gaps in the Required IT Skills
- Increasing Need for Rapid Customization and Scalability Business Process in Organizations to Meet the Need of End Users
Market Drivers
- The Growing Demand for Faster Software Programming
- Increasing Adoption of Rapid Application Development Platform in Business
- The Increase in Enterprise Mobility Leads To Increased Usage of Smartphones in Businesses, In Turn, Influencing the Demand
Opportunities
- The Rise in Digital Transformation in IT
- Increase Innovation in the Technologies and Business
Restraints
- Dependency on Vendor-Supplied Customization Application
Challenges
- The Legacy Software Requires Up-Gradation
Key Target Audience
Providers of Rapid Application Development Software, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.