#Application #Development #Software #Market #Reach
Portland, OR , Sept. 30, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global application development software market generated $142.5 billion in 2021, and is estimated to reach $1,159.2 billion by 2031, witnessing a CAGR of 23.5% from 2022 to 2031. The report provides an in-depth analysis of top segments, changing market trends, value chain, key investment pockets, competitive scenario, and regional landscape. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $142.5 billion |
| Market Size in 2031 | $1,159.2 billion |
| CAGR | 23.5% |
| No. of Pages in Report | 320 |
| Segments covered | Platform, Deployment Mode, Enterprise Size, Industry Vertical, and Region |
| Drivers | Machine learning expansion with AutoML and no-code AI and low-code/no-code (LCNC) |
| Big data security | |
| Opportunities | Rapid adoption of DevSecOps |
| Restrains | Integrating security and privacy |
Covid-19 Scenario:
- The Covid-19 majorly affected the growth of the market due to rapid adoption of connected devices to support remote working and growth of the e-commerce sector.
- However, the pandemic created crisis in social, economic, and energy areas and medical life.
The report offers detailed segmentation of the global application development software market based on platform, deployment mode, enterprise size, industry vertical, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps investors, market players, and new entrants in determining the sub-segments to be tapped on to achieve…
Read on GNW: Application Development Software Market to Reach $1,159.2
