Title: Mobile Application Development Platform (MADP) Market share forecast to witness considerable growth from 2018 to 2024
1Mobile Application Development Platform (MADP)
market share research by applications and regions
for 2018-2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2Overview of Mobile Application Development
Platform (MADP) Market
- North America holds a significant share of the
global MADP market due to the presence of highly
sophisticated IT infrastructure in the region
along with the availability of excellent internet
connectivity and extensive penetration of mobile
devices. Also, large-scale investments on RD by
major technology companies operating in the U.S.
are expected to foster the market growth over the
forecast timeline. Asia Pacific, on the other
hand, will register a lucrative growth over the
period in the market. This accelerated growth can
be attributed to the rapidly increasing
smartphone penetration in India and China,
increasing the popularity of smart cities, along
with favorable government initiatives for the
digitalization of the economy and administrative
framework in these countries. - Mobile Application Development Platform (MADP)
Market size is driven by the increasing adoption
of the cloud services among the industry
verticals such as BFSI and healthcare. The growth
is attributed to the increasing demand for the
mobility and BYOD solutions, among the
enterprises. As the demand for mobility solutions
among the enterprises is rising, app developers
are also looking forward to developing advanced
mobile applications to integrate and sync them
across the multiple devices. The cloud technology
assists developers to build apps and enables them
to work on multiple devices with the access to
the same data, functions, and features, which are
estimated to drive the growth of the market.
3Continue
- The development of the IoT and wearable devices
is also one of the major driving forces that
support the mobile application development
platform market growth. As the adoption of the
IoT and wearable devices is increasing rapidly,
developers also started to explore the
opportunities for the apps on IoT and wearable
devices. The growing demand for the IoT devices
among the smart home and business automation
solutions are encouraging the developers to build
the application to control and monitor IoT
devices. Furthermore, the integration of the IoT
devices into the customer engagement platforms
and beacon technology among the enterprises to
reach customers is also one of the major factors
for the market growth. - Growing demand for the cross-platform apps also
fosters the MADP market growth. Approximately 40
of the developers work primarily on the Android
platform while about 35 of the developers are
focused on IOS. As the adoption of both Android-
and IOS-based smartphone increases, companies are
also focusing on the development of the
cross-platform development. However, the security
of the mobile application is one of the major
factors hindering the growth of the market.
Furthermore, the technical issues associated with
the development of mobile application development
is also one of the major constraints in the
growth of the market.
4 Browse Full Research Report On Mobile
Application Development Platform (MADP) Market
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5Continue
- The MADP market is evolving as enterprises are
taking advantage of both consumer and enterprise
mobile applications. Furthermore, the rising
requirement to automate the mobile application
development and reduce the time required for
application development also fuels the market
growth. - The key companies operating in the MADP market
are emphasizing on offering competitive prices
along with advanced features to enable
differentiation in their solutions compared to
those offered by their competitors. Also, the
strategic acquisitions of emerging companies by
major market players are largely contributing to
the consistent growth of the overall market. - Some of the companies operating in the mobile
application development platform market are IBM,
SAP, Oracle, Kony, Verivo Software, Telerik,
Salesforce, HP, Axway, Progress Software, Appery,
Microsoft, MicroStrategy, Adobe, Backbase,
Intellectsoft, OutSystems, and Red Hat
6Methodology
- Market
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