Global Rapid Application Development Market Overview:
Rapid application development which a software development method that helps in rapid prototype release and iterations. It focuses on the use of software and customer feedback along with planning and requirements recording. The rapid application development methods are used where there is a high availably of designers and developers for modeling the application. It is used in custom application development, rapid, low-code, mobile application development, and various others. Some of the players profiled in the study are Zoho Corporation Pvt. Ltd. (India), Kissflow Inc (United States), OutSystems (United States), Bizagi (United Kingdom), Salesforce (United States), Appian (United States), Nintex (United States), Quickbase, Inc. (United States), Zudy (United States), Claris International Inc. (United States), Quisitive (United States) and Rocket Software (United States).
On the basis of geography, the market of Rapid Application Development 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 Phases, the sub-segment i.e. Business Modelling will boost the Rapid Application Development market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Rapid Application Development market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Demand for the Custom Application Development
- Increasing Need for the Rapi testing Functions and Features in Rapid Application Development
Influencing Trend
- Rising Demand for the System Integration in Rapid Application Development for Number of Large Projects which can be Split Into Modules
Restraints
- Limited Compatibility of Application with Rapid Application Development
Opportunities
- Surging Demand for the Tools for Rapid Application Development in Large Size Enterprises
Challenges
- Less Number fo Skilled Designers and Developers
- High Risk of Technical Problems Associated with Rapid Application Development
Key Market Developments:
On 3rd February 2021, Rocket Software, a global technology leader that develops enterprise modernization and optimization solutions for Fortune 500 companies and government agencies, announced that it has completed its acquisition of Netherlands-based Uniface, a pioneer in accelerating innovation through its low-code application platform. Uniface, its employees, and its products are now part of Rocket, which already has significant operations in the Netherlands.
On 1st October 2020, Quisitive Technology Solutions and Essilor Group (Essilor), the world's leading ophthalmic lens manufacturer, leveraged their partnership to enable Essilor to safely reopen doctor's offices during the COVID-19 pandemic by rapidly developing the EyeBookNow online appointment system and rolling it out globally within weeks.
Target Audience:
Rapid Application Development Platform Developers, Rapid Application Development Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Rapid Application Development market on the basis of product [Custom Application Development, Rapid Application Development, Low-code Application Development, Mobile Application Development and Others] , application [Large Size Enterprises and Small-medium Size Enterprises], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Rapid Application Development market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Rapid Application Development industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are
.** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Rapid Application Development market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.