About Mobile Application Development Platform
The mobile application development platform is a custom-built solution that allows users to create, test, and run commercial and consumer applications. Mobile technology is increasingly being used by businesses to better control their organizational and business functions, necessitating the introduction of mobile application development platforms. The mobile application development platform's main features include user convenience, functionalities, features, and a positive user experience. A major drawback of the mobile application development platform is its limited versatility and functionality. The difficulty of designing and creating web and mobile apps is minimized by using a mobile application development platform. App developers no longer need to design their own backend systems because of the various IT solutions. As a result, this platform enhances front-end functions, decreases application development time, and enhances user interface design for a better user experience.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.8% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Mobile Application Development Platform market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kony Inc. (United States), Globo (United States), EchoStar Corporation (United States), ViaSat Inc. (United States), IBM Corporation (United States), Oracle Corporation (United States), Progress Software Corporation (Germany), com Inc. (United States) and Halosys (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Intellectsoft LLC (United States), Konstant Infosolutions (India), Hyperlink InfoSystem (India) and hedgehog lab (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Mobile Application Development Platform market by , Application (Network Security, Web Security, Email Security, Database and Cloud Security and Others) and Region.
On the basis of geography, the market of Mobile Application Development Platform 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). If we see Market by Deployment Mode, the sub-segment i.e. Cloud-Based will boost the Mobile Application Development Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Android will boost the Mobile Application Development Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Banking, Financial Services, and Insurance will boost the Mobile Application Development Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Availability of 5G Technology, Superior App Security and Cloud Computing Integration
Market Growth Drivers:
Increased use of smartphones, Rising Demand Among Enterprises for Mobile Apps and The development of the mobile application is a complex process and requires a high level of technical expertise
Challenges:
Companies have to incur the expenses towards licensing, maintaining mobile enterprise application development platforms and Validating and Evaluating user needs
Restraints:
Requires heavy investment in R&D and Data privacy and security concerns
Opportunities:
Better Management of Applications on Different Platforms and The development of the IoT
Market Leaders and their expansionary development strategies
In October 2023, the government of Karnataka is planning to launch its own transportation network company in order to provide services like Ola and Uber for the convenience of taxi and autorickshaw drivers.
In 2020, IBM Corporation launched MobileFirst Platform Foundation V8.0, which empowers organizations to take a radically simplified approach to building, managing, and updating their mobile apps.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Mobile Application Development Platform, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.