Rapid Application Development Market: Global Industry Analysis and Forecast (2022-2027) by Type, Component, Business Solutions, Deployment Model, Organization Size, Industry Verticals, and Region

Rapid Application Development Market size was valued at US$ 22.76 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 42.9% from 2022 to 2027, reaching nearly US$ 193.81 Bn.

Rapid Application Development Market Overview:

Rapid Application Development Market is expected to reach US$ 193.81 Bn. by 2027. The Rapid Application Development (or RAD) strategy is focused on prototyping and an iterative approach with little (or no) preparation. In general, taking a RAD approach to software development implies focusing less on planning and more on development and creating a prototype. This report focuses on the different segments of the Rapid Application Development market (Type, Component, Business Solutions, Deployment Model, Organization Size, Industry Verticals, and Region). This report examines the major market players and regions in depth (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a thorough examination of today's quick advances in a variety of sectors. Facts and figures, visualisations, and presentations are utilised to demonstrate the core data analysis from 2017 through 2020. The market drivers, restraints, opportunities, and challenges for Rapid Application Development are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Rapid Application Development market. Rapid Application Development Market To know about the Research Methodology:-Request Free Sample Report

Rapid Application Development Market Dynamics:

The growth of rapid application development is expected to be driven by the growing requirement for rapid customization and scalability business processes in enterprises to satisfy the needs of end users. The move to mobility in enterprises is boosting the use of smart phones and supporting the trend of brings your own device, which is boosting the rapid application development market. The requirement for organisations to close gaps in essential IT skills and speed up the coding process for both coders and non-coders is driving the rapid application development market forward. However, the market for rapid application development is being held back by a reliance on vendor-supplied customisation applications. On the other hand, the increasing digital transformation in the IT industry is encouraging companies to use fast application development platforms, which is expected to boost the rapid application development market growth during the forecast period. Business is increasingly using rapid application development platforms. Rapid Application Development can benefit businesses and organisations of all kinds, whether they are little or large. For example, a small business that wants to get into mobile application development can produce prototypes quickly using rapid application development. Start-ups with a constrained time frame can rely on rapid application development because the shorter development time means more revenue potential. User feedback is gathered quickly with rapid application development. With rapid application development, the software development team collects enough feedback from the end user in terms of feedback and desired outcomes, which can be utilised to decide any major modifications to the requirements as early as the design phase to avoid any mistakes. Several rapid application development solutions allow developers to construct applications rapidly and efficiently without having to spend money on development. For example, Zoho Creator is a RAD tool that can be used by non-coders to collect data, develop workflows, and set up custom rules for applications. It has become one of the most popular RAD tools on the market.

Rapid Application Development Market Segment Analysis:

The Rapid Application Development Market is segmented by Type, Component, Business Solutions, Deployment Model, Organization Size, and Industry Verticals. Based on the Type, the market is segmented into Low-code development platforms, and No-code development platforms. No-code development platforms segment is expected to hold the largest market share of xx% by 2027. No-code development platforms include software components that aid in the drag-and-drop building of programs. These tools create small apps that are typically used to solve basic use cases by small departments or specific business tasks. Visual development approaches are used in no-code development platforms, making them scalable and accessible to tech-savvy employees working in a variety of industries. Due to its ease of use, deployment, capacity to integrate with existing infrastructures and the fact that it requires no knowledge of JavaScript, Python, or other programming languages, these platforms are gaining appeal across numerous industries and among individual developers. Rapid Application Development Market Based on the Organization Size, the market is segmented into Small and Medium-sized Enterprises (SMEs), and Large Enterprises. Small and Medium-sized Enterprises (SMEs) segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2027. Due to their adoption of rapid application development platforms to develop customer-centric apps at lower costs and for higher productivity, Small and Medium-sized Enterprises are expected to drive market growth. In most regions, SMEs make a substantial contribution to the economy. More than half of all Americans own or work for a small business, according to the US Small Business Administration (SBA). SMBs are also responsible for 40% of the country's GDP. In the EU, almost 99 percent of all businesses employ fewer than 250 people. Small businesses require mobile access to their data without incurring storage or hardware maintenance expenditures. Furthermore, to save money, time, and resources, SMEs are opting for cloud-based RAD solutions.

Rapid Application Development Market Regional Insights:

The Asia Pacific region is expected to dominate the Rapid Application Development Market during the forecast period 2022-2027. The Asia Pacific region is expected to hold the largest market share of xx% by 2027. Growing technical skills, the presence of significant organisations, enhanced offerings, and rising cloud-based service providers are all contributing to the Asia Pacific region tremendous growth. Furthermore, countries such as China, Japan, India, and Singapore employ cutting-edge technology in the region, influencing rapid application development providers to grow further in the region. Furthermore, firms such as Point Share, Octal Info Solution, Hermes Infotech, Ranosys Technologies, and MindCraft Singapore, among others, are based in Singapore and provide technology solutions that help organisations grow and improve application efficiency. Rapid Application Development Market The objective of the report is to present a comprehensive analysis of the Global Rapid Application Development Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Rapid Application Development Market dynamic and structure by analyzing the market segments and projecting the Global Rapid Application Development Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Rapid Application Development Market make the report investor’s guide.

Rapid Application Development Market Scope:Inquire before buying

Global Rapid Application Development Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 22.76 Bn
Forecast Period 2022 to 2027 CAGR: 42.9% Market Size in 2027: US $ 193.81 Bn.
Segments Covered: by Type • Low-code development platforms • No-code development platforms
by Component • Tools • Services
by Business Solutions • Sales and Marketing • HR and Operations • Finance • IT
by Deployment Model • On-premises • Cloud
by Organization Size • Small and Medium-sized Enterprises (SMEs) • Large Enterprises
by Industry Verticals • BFSI • Telecommunications and IT • Government • Energy and Utilities • Manufacturing and Automotive • Healthcare • Retail • Media and Entertainment • Education • Others (Travel & Tourism, Transportation & Logistics)

Rapid Application Development Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Rapid Application Development Market Key Players

• IBM (US) • AWS (US) • Google (US) • Microsoft (US) • Oracle (US) • Salesforce (US) • Appian (US) • Mendix (US) • Zoho Corporation (India) • OutSystems (US) • LANSA (US) • Ninox (US) • Oro (US) • Matsoft (UK) • Kony (US) • Pegasystems (US) • ServiceNow (US) • WaveMaker (US) • KiSSFLOW (India) • Radzen (Europe) Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Rapid Application Development Market? Ans. Asia Pacific is expected to hold the highest share in the Rapid Application Development Market. 2] Who are the top key players in the Rapid Application Development Market? Ans. IBM (US), AWS (US), Google (US), Microsoft (US), Oracle (US), and Salesforce (US) are the top key players in the Rapid Application Development Market. 3] Which segment is expected to hold the largest market share in the Rapid Application Development Market by 2027? Ans. No-code development platforms segment is expected to hold the largest market share in the Rapid Application Development Market by 2027. 4] What is the market size of the Rapid Application Development Market by 2027? Ans. The market size of the Rapid Application Development Market is expected to reach US $193.81 Bn. by 2027. 5] What was the market size of the Rapid Application Development Market in 2021? Ans. The market size of the Rapid Application Development Market was worth US $22.76 Bn. in 2021.
1. Global Rapid Application Development Market: Research Methodology 2. Global Rapid Application Development Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global Rapid Application Development Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Rapid Application Development Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Rapid Application Development Market Segmentation 4.1 Global Rapid Application Development Market, by Type (2022-2027) • Low-code development platforms • No-code development platforms 4.2 Global Rapid Application Development Market, by Component (2022-2027) • Tools • Services 4.3 Global Rapid Application Development Market, by Business Solutions (2022-2027) • Sales and Marketing • HR and Operations • Finance • IT 4.4 Global Rapid Application Development Market, by Deployment Model (2022-2027) • On-premises • Cloud 4.5 Global Rapid Application Development Market, by Organization Size (2022-2027) • Small and Medium-sized Enterprises (SMEs) • Large Enterprises 4.6 Global Rapid Application Development Market, by Industry Verticals (2022-2027) • BFSI • Telecommunications and IT • Government • Energy and Utilities • Manufacturing and Automotive • Healthcare • Retail • Media and Entertainment • Education • Others (Travel & Tourism, Transportation & Logistics) 5. North America Rapid Application Development Market (2022-2027) 5.1 North America Rapid Application Development Market, by Type (2022-2027) • Low-code development platforms • No-code development platforms 5.2 North America Rapid Application Development Market, by Component (2022-2027) • Tools • Services 5.3 North America Rapid Application Development Market, by Business Solutions (2022-2027) • Sales and Marketing • HR and Operations • Finance • IT 5.4 North America Rapid Application Development Market, by Deployment Model (2022-2027) • On-premises • Cloud 5.5 North America Rapid Application Development Market, by Organization Size (2022-2027) • Small and Medium-sized Enterprises (SMEs) • Large Enterprises 5.6 North America Rapid Application Development Market, by Industry Verticals (2022-2027) • BFSI • Telecommunications and IT • Government • Energy and Utilities • Manufacturing and Automotive • Healthcare • Retail • Media and Entertainment • Education • Others (Travel & Tourism, Transportation & Logistics) 5.7 North America Rapid Application Development Market, by Country (2022-2027) • United States • Canada • Mexico 6. Europe Rapid Application Development Market (2022-2027) 6.1. Europe Rapid Application Development Market, by Type (2022-2027) 6.2. Europe Rapid Application Development Market, by Component (2022-2027) 6.3. Europe Rapid Application Development Market, by Business Solutions (2022-2027) 6.4. Europe Rapid Application Development Market, by Deployment Model (2022-2027) 6.5. Europe Rapid Application Development Market, by Organization Size (2022-2027) 6.6. Europe Rapid Application Development Market, by Industry Verticals (2022-2027) 6.7. Europe Rapid Application Development Market, by Country (2022-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Rapid Application Development Market (2022-2027) 7.1. Asia Pacific Rapid Application Development Market, by Type (2022-2027) 7.2. Asia Pacific Rapid Application Development Market, by Component (2022-2027) 7.3. Asia Pacific Rapid Application Development Market, by Business Solutions (2022-2027) 7.4. Asia Pacific Rapid Application Development Market, by Deployment Model (2022-2027) 7.5. Asia Pacific Rapid Application Development Market, by Organization Size (2022-2027) 7.6. Asia Pacific Rapid Application Development Market, by Industry Verticals (2022-2027) 7.7. Asia Pacific Rapid Application Development Market, by Country (2022-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South America Rapid Application Development Market (2022-2027) 8.1. South America Rapid Application Development Market, by Type (2022-2027) 8.2. South America Rapid Application Development Market, by Component (2022-2027) 8.3. South America Rapid Application Development Market, by Business Solutions (2022-2027) 8.4. South America Rapid Application Development Market, by Deployment Model (2022-2027) 8.5. South America Rapid Application Development Market, by Organization Size (2022-2027) 8.6. South America Rapid Application Development Market, by Industry Verticals (2022-2027) 8.7. South America Rapid Application Development Market, by Country (2022-2027) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa Rapid Application Development Market (2022-2027) 9.1 Middle East and Africa Rapid Application Development Market, by Type (2022-2027) 9.2. Middle East and Africa Rapid Application Development Market, by Component (2022-2027) 9.3. Middle East and Africa Rapid Application Development Market, by Business Solutions (2022-2027) 9.4. Middle East and Africa Rapid Application Development Market, by Deployment Model (2022-2027) 9.5. Middle East and Africa Rapid Application Development Market, by Organization Size (2022-2027) 9.6. Middle East and Africa Rapid Application Development Market, by Industry Verticals (2022-2027) 9.7. Middle East and Africa Rapid Application Development Market, by Country (2022-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1 IBM (US) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 AWS (US) 10.3 Google (US) 10.4 Microsoft (US) 10.5 Oracle (US) 10.6 Salesforce (US) 10.7 Appian (US) 10.8 Mendix (US) 10.9 Zoho Corporation (India) 10.10 OutSystems (US) 10.11 LANSA (US) 10.12 Ninox (US) 10.13 Oro (US) 10.14 Matsoft (UK) 10.15 Kony (US) 10.16 Pegasystems (US) 10.17 ServiceNow (US) 10.18 WaveMaker (US) 10.19 KiSSFLOW (India) 10.20 Radzen (Europe)

About This Report

Report ID 28403
Category Information Technology & Telecommunication
Published Date April 2019
Updated Date June 2022
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