The application server software platform market size is expected to see strong growth in the next few years. It will grow to $4.42 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to edge computing, the proliferation of IoT devices, and the growing emphasis on containerization and microservices architectures. Major trends in the forecast period include the rise of cloud-native application servers, serverless computing, integration with AI and ML, emphasis on security and compliance, and improved developer experience.
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Segmentation & Regional Insights
The application server software platform market covered in this report is segmented –
1) By Type: Java-Based, Microsoft Windows-Based, Other Types
2) By Application: Deployment And Integration, Support And Maintenance
3) By End-User: Banking, Financial Services And Insurance (BFSI), Government, Healthcare, Information Technology (IT) And Telecom, Manufacturing, Retail, Other End-Users
North America was the largest region in the application server software platform market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the application server software platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise of cloud computing is expected to propel the growth of the application server software platform market going forward. Cloud computing refers to the on-demand delivery and use of computing services, such as data storage, servers, databases, networking, software, and analytics, over the Internet. The rise in cloud computing is driven by its cost-effectiveness, scalability, flexibility, and accessibility, offering businesses the ability to streamline operations and innovate more rapidly. Application server software platforms in cloud computing facilitate the deployment, management, and scalability of web applications across distributed computing environments. For instance, in December 2023, according to Eurostat, a Luxembourg-based government agency, cloud computing services were adopted by 45.2% of EU enterprises for hosting their e-mail systems, storing files in electronic form, and office software in 2023, showing a 4.2 percentage point increase from 2021. Moreover, in Finland (78.3%), Sweden (71.6%), Denmark (69.5%) and Malta (66.7%) at least 65 % of enterprises bought cloud computing services. Therefore, the rise of cloud computing is driving the growth of the application server software platform market.
Key Industry Players
Major companies operating in the application server software platform market are Microsoft Corporation, Huawei Technologies Co. Ltd., Hitachi Ltd., Lenovo Group Limited, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Hewlett Packard Enterprise Development LP, FUJITSU, NEC Corporation, Adobe, Citrix Systems Inc., Nutanix Inc., TIBCO Software Inc., Scale Computing Inc., NComputing Co. Ltd., Liquidware Inc., Nastel Technologies, Payara Services Ltd.
The application server software platform market report table of contents includes:
1. Executive Summary
2. Application Server Software Platform Market Characteristics
3. Application Server Software Platform Market Trends And Strategies
4. Application Server Software Platform Market – Macro Economic Scenario
5. Global Application Server Software Platform Market Size and Growth
…………………………………
32. Global Application Server Software Platform Market Competitive Benchmarking
33. Global Application Server Software Platform Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Application Server Software Platform Market
35. Application Server Software Platform Market Future Outlook and Potential Analysis
36. Appendix
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