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The application platform market size is forecast to increase by USD 5.67 billion at a CAGR of 6.34% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing adoption of cloud services and the emergence of low-code application platforms. These trends enable organizations to streamline application codes release processes, ensuring superior infrastructure performances for their customized business applications. The use of paid software and open-source software, in conjunction with load balancers, auto-scaling orchestrators, and automated deployment tools, is becoming increasingly prevalent. This trend is driven by the increasing use of smartphones and wearable devices, leading to mobile app development.
However, challenges persist, such as the potential for company lock-in, which may limit the flexibility of organizations in choosing the best solution for their needs. Application Platform-as-a-Service (aPaaS) offerings continue to gain traction, providing businesses with cost-effective and efficient solutions to build, deploy, and manage their applications.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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