What are the recent trends in market size and growth for the application development software market?
The application development software market size has grown exponentially in recent years. It will grow from $407.25 billion in 2024 to $515.21 billion in 2025 at a compound annual growth rate (CAGR) of 26.5%. The growth in the historic period can be attributed to increasing demand for mobile apps, shift to agile development methodologies, rise in digital transformation initiatives, increasing complexity of software projects.
The application development software market size is expected to see exponential growth in the next few years. It will grow to $1489.07 billion in 2029 at a compound annual growth rate (CAGR) of 30.4%. The growth in the forecast period can be attributed to low-code and no-code development trends, integration with DeVos practices, focus on user experience (UX), cloud-native application development. Major trends in the forecast period include serverless computing, progressive web applications (PWAs), focus on user experience (UX) design, edge computing integration, application security and compliance.
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What are the key forces behind the application development software market’s growth in recent years?
The increasing demand for customized apps is expected to propel the growth of the application development software market. Customized apps offer features such as being friendly to hybrid environments, serving niche and complex needs, easy integration with platforms, and better performance. According to a survey conducted by SmarterHQ, a US-based provider of a customer intelligence-driven marketing automation platform, on Data Privacy and Consumer Trust, 72% of consumers say that they only engage with personalized messaging and 80% of frequent shoppers only shop with brands that personalize the online experience. Therefore, increasing demand for customized apps is expected to drive the application development software market growth.
What are the major segments of the application development software market?
The application development software market covered in this report is segmented –
1) By Type: Low Code, No Code
2) By Organization Size: SMEs, Large Enterprises
3) By Deployment: Cloud, On Premise
4) By Application: Media and Entertainment, Telecom And IT, BFSI, Healthcare
Subsegments:
1) By Low Code: Low Code Development Platforms, Low Code Application Platforms, Low Code Development Tools for Specific Industries
2) By No Code: No Code Development Platforms, No Code Application Builders, No Code Integration Tools
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Which companies dominate the application development software market?
Major companies operating in the application development software market include Alphabet Inc., Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Broadcom Inc., SAP SE, Fujitsu Limited, Salesforce.com Inc., Wipro Limited, ServiceNow Inc., Twilio Inc., GitHub Inc., Pegasystems Inc., OutSystems Inc., Appian Corporation, JetBrains s.r.o., Mendix Inc, Kony Inc., HCL Technologies Limited, Alice Technologies Inc., Snappii Custom Mobile Apps LLC, Joget Inc., AppSheet Inc., Axure RP LLC, Zoho Corporation Pvt. Ltd.
What major trends will shape the application development software market during the forecast period?
Major companies operating in the application development software market are developing technologically advanced services, such as AI services, to better serve customers with advanced features. AI services are digital solutions that use artificial intelligence technologies to automate tasks, analyze data, and provide insights, enhancing decision-making and efficiency across various industries. For instance, in October 2024, Fujitsu Limited, a Japan-based information and communications technology company, launched the Fujitsu Kozuchi AI Agent. Fujitsu is launching this advanced AI service through its Data Intelligence PaaS, part of the Fujitsu Uvance business model, designed to address cross-industry societal challenges. This AI service, initially introduced as an agent for business profitability discussions and negotiations, will provide relevant insights and suggest solutions. Fujitsu plans to broaden its AI agent offerings to support areas like production management and legal affairs, with a full rollout expected in fiscal 2024. Additionally, Fujitsu’s Kozuchi AI Agent will be integrated into digital services such as Uvance’s Work Life Shift, enhancing collaborative capabilities across industries.
What are the key regional dynamics of the application development software market, and which region leads in market share?
The countries covered in the application development software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Application Development Software Market Report 2025 Offer?
The application development software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The application development software refers to the process of designing, developing, and implementing software applications for various industrial uses. The application development can be done by a large team or a single programmer as well and describes the process of how the application is made, and generally follows a standard methodology.
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