(MENAFN- Zion Market Research) Zion Market Research has published a new report titled 'Mobile Application Development Platform Market By Deployment (Cloud and On-Premises), By Application (Database and Cloud Security, Email Security, Network Security, Web Security, and Others), and By Vertical (BFSI, Education, Healthcare, Manufacturing, Media & Entertainment, Retail, Telecom & It, Travel and Hospitality, Transportation and Logistics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-2025'. According to the report, the global mobile application development platform market was valued at USD 5,497 million in 2018 and is expected to reach USD 34,768 million by 2025, at a rate of 30.2% between 2019 and 2025.
The mobile application development platform is a software application that provides comprehensive facilities to create and manage various mobile apps. It reduces the risk associated with designing and development of mobile and web apps. The platform interfaces with backend infrastructure and client management server to provide visibility and control through a web-based console.
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The rising demand for commercial mobile devices and the advent of cross-platform applications are anticipated to foster the growth of the mobile application development platform market globally in the future. The commercial sector uses mobile devices to enhance productivity, mobility, safety, and promote improved customer services. This increases the need for mobile devices, thereby boosting the growth of mobile application development platform market. However, technical difficulties and the rising cost of mobile application development platform solutions may hinder the mobile application development platform market. The mobile application development is an advanced process that demands a high level of technical expertise for its development, which leads the organizations to choose third-party developers, thereby hampering the market.
The global mobile application development platform market is segmented on the basis of deployment, application, and vertical. The deployment segment includes cloud and on-premises. The application segment is divided into database and cloud security, email security, network security, web security, and others. By vertical, the market includes BFSI, education, healthcare, manufacturing, media and entertainment, retail, telecom and IT, travel and hospitality, transportation and logistics, and others. The telecom and IT industry are estimated to grow substantially, owing to the progression of various IT platforms and mobile devices across emerging economies, triggering a massive amount of data via internal and external sources. As the IT sector involves various activities, such as designing, development, testing, on-site management, and client support, it holds system integrators, service providers, and software vendors, offering services, such as data processing, hosting, and other services.
Regionally, North America is expected to hold a substantial share of the global mobile application development platform market in the future, owing to the presence of giant market players. The Asia Pacific mobile application development platform market is predicted to depict the highest growth rate over the forecast time period, due to the growing inclination of mobile application development platform solutions among small- and medium-sized enterprises and the rising use of digital technology in China and India.
Some noticeable players of the global mobile application development platform market are Adobe Systems, Inc., Apple, Inc., Appcelerator Inc., Hewlett Packard, IBM Corporation, Kony Inc., Microstrategy, Microsoft Corporation, Oracle Corporation, OutSystems, Inc., Red Hat, Inc., Salesforce.Com Inc., SAP AG, and Verivo Software Inc.
This report segments the global mobile application development platform market into:
Global Mobile Application Development Platform Market: Deployment Analysis
Global Mobile Application Development Platform Market: Application Analysis
- Database and Cloud Security
- Email Security
- Network Security
- Web Security
- Others
Global Mobile Application Development Platform Market: Vertical Analysis
- BFSI
- Education
- Healthcare
- Manufacturing
- Media and Entertainment
- Retail
- Telecom and IT
- Travel and Hospitality
- Transportation and Logistics
- Others
Global Mobile Application Development Platform Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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