Global Application Development Software Market size to reach USD 551.7 Billion by 2027 - KBV Research -- KBV Research

December 2024

Global Application Development Software Market size to reach USD 551.7 Billion by 2027 - KBV Research

NEW YORK - Oct. 28, 2021 - PRLog -- Application Development Software Market Growth, Trends and Report Highlights

According to a new report Global Application Development Software Market, published by KBV research, The Global Application Development Software Market size is expected to reach $551.7 billion by 2027, rising at a market growth of 22.3% CAGR during the forecast period.

The no-code development platform segment is estimated to exhibit the highest growth rate during the forecast period. The high availability of no-code development platforms like Quixey, Wix, WordPress, and Nintex Process Platforms is one of the major factors contributing to the growth of the segment. Such platforms enable customers to design and develop applications without the need for any programming code. They consist of pre-defined tools, which help developers to efficiently develop applications.

North America emerged as the leading region in the market with the highest revenue share in 2020. The presence of a huge internet user base and increasing technological innovations are among the factors augmenting the growth of the regional market. In addition, the existence of numerous key players like Salesforce.com and Oracle Corporation is expected to fuel the growth in the regional market.

Global Application Development Software Market Segmentation

By Type