Dublin, Jan. 04, 2024 (GLOBE NEWSWIRE) — The “Rapid Application Development – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Rapid Application Development estimated at US$49.8 Billion in the year 2022, is projected to reach a revised size of US$802.8 Billion by 2030, growing at a CAGR of 41.5% over the analysis period 2022-2030. Tools, one of the segments analyzed in the report, is projected to record 39.6% CAGR and reach US$416.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 44% CAGR for the next 8-year period.
The U.S. Market is Estimated at $14.6 Billion, While China is Forecast to Grow at 38.4% CAGR
The Rapid Application Development market in the U.S. is estimated at US$14.6 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$121.3 Billion by the year 2030 trailing a CAGR of 38.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 36.8% and 33.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 24.2% CAGR.
Select Competitors (Total 32 Featured) –
- Appian
- AWS
- IBM
- Kissflow
- Kony
- Lansa
- Matssoft
- Mendix
- Microsoft
- Oracle
- ORO
- Outsystems
- Salesforce
- Zoho Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 88 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $49.8 Billion |
| Forecasted Market Value (USD) by 2030 | $802.8 Billion |
| Compound Annual Growth Rate | 41.6% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/r5tv7v
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- Global Market for Rapid Application Development
