The Rapid Application Development Market report includes an overview, which interprets value chain structure, industrial environment, regional analysis, applications, types market size, and forecast. The report is integrated with imperative insights on the market which will support the clients to make precise business decisions. The report incorporates data regarding the supply and demand situation, the competitive scenario, and the challenges for market growth, market opportunities, and the threats encountered by key players during the forecast period of 2021-2025. This is the latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. The rapid application development market is expected to reach a CAGR of 42.6% during the forecast period (2020 – 2025).
The report presents the market competitive landscape and a corresponding detailed analysis of the major vendors/key players in the market. Top Companies in the Rapid Application Development Market: Oracle Corporation, Microsoft Corporation, Salesforce.com Inc., IBM Corporation, Amazon Web Services, Appian Corporation, ServiceNow, Zoho Corporation Private Limited, OutSystems, LANSA and others.
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Industry News and Updates:
– In March 2019 – Zudy’s Microsoft Cloud Solution combined with its application development platform, Vinyl, to accelerate all areas of the enterprise. This combination of rapid application development allows for seamless interaction of all existing data systems.
Key Market Trends:
– Small and Medium-sized Enterprises are likely to drive the growth of the market due to their adoption of rapid application development platforms to develop customer-centric applications at lower costs and for better productivity.
– SMEs are significantly contributing to the economy for most regions. According to the US Small Business Administration (SBA), more than 50% of Americans either own or work for a small business. SMBs also account for 40% of the country’s GDP. Approximately 99% of all enterprises in the EU employ fewer than 250 persons.
– Small businesses need access to their data on the go, with no overhead for storage maintenance and hardware maintenance costs. Moreover, SMEs are looking for cloud-based RAD platforms to save money, time, and resources. This further boost the growth of the market.
Regional Analysis For Rapid Application Development Market:
For comprehensive understanding of market dynamics, the global Rapid Application Development Market is analysed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
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What Are the Market Factors That Are Explained in The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Rapid Application Development Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyse the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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