As per Market Research Future (MRFR), the global mobile application development platform market is expected to reach USD 14 billion at a 22% CAGR from 2020 to 2027 (forecast period). The report provides a systematic and in-depth assessment of the effect of the COVID 19 pandemic on the global market.
Mobile Application Development Platform Market Research Report- Global Forecast 2027, Global Trends, Size, Share, COVID – 19 Outbreak, Industry Segments, Regional Study, Top Key Players Profiles and Future Prospects
Mobile Application Development Platform Market Research Report- Global
Forecast 2027, Global Trends, Size, Share, COVID – 19 Outbreak, Industry
Segments, Regional Study, Top Key Players Profiles and Future Prospects
Market Overview
As per Market Research Future (MRFR), the global
mobile application development platform market is expected to reach USD 14 billion at a 22%
CAGR from 2020 to 2027 (forecast period). The report provides a systematic and in-depth
assessment of the effect of the COVID 19 pandemic on the global market.
The Mobile Application Development Platform (MADP) is a set of products and services that
enables the simple and rapid development of mobile applications. These include building, testing,
and deploying mobile applications on tablets and smartphones. Companies can build their mobile
application development platform or purchase from third-party vendors. The features included in
the third-party mobile application development platform include front-end development tools for
application programming interfaces (APIs).
Drivers and Restraints
The rapid growth of mobile devices in the commercial sector is the major factor responsible for
the development of the mobile application development platform. The commercial company uses
cell phones that enhance productivity, safety, mobility and help employees boost customer
service, maintain good connections with customers and suppliers, and make it easier to work
remotely.
This spike in the number of mobile devices promotes the need for a mobile
application to run the business efficiently. Consequently, the growing number of
mobile devices is propelling the growth of the market for mobile application platform
development. High adoption of Bring Your Own Devices (BYOD) and Bring Your Own
Access (BYOA) programs enable workers to use all kinds of mobile devices like
Windows Phones, Android, and iPhones that require mobile applications to run on all
platforms. As a result, the mobile application development platform helps to solve the
problem of a mobile application that can only run on one type of mobile device.
Nevertheless, higher costs and technological difficulties in developing the mobile
application platform are slowing the growth of the industry. Mobile application
development is an elaborate process that requires a high level of technical expertise
to develop the application or even to use the mobile application development
platform. This leads companies to consider third-party developers to create their
mobile applications, which inhibits the growth of the market.
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COVID-19 Impact on the Global Mobile Application Development Platform Market
Mobile application development platforms played a critical role during the COVID-19 pandemic. The spread
of the COVID-19 has prompted the government authorities to introduce precautionary measures, such as
lockdowns, in various countries. Owing to the lockdowns, the majority of businesses have allowed their
workers to work from home to avoid the spread of the virus. In addition, the closing of schools, colleges, and
other institutions during the lockdown has had a dramatic effect on the education sector. Companies have
developed numerous apps, such as the Zoom app, for online sessions and conference meetings.
In addition, small and large mobile app developers are mobilizing around the pandemic to find new ways
to cope with the crisis. The Aarogya Setu app created by the National Informatics Center in India lets
people trace nearby people infected with COVID-19, map the syndrome, and conduct self-assessment. This
application provides the user with information on any person nearby with symptoms of COVID-19 by
scanning the database of reported cases of infection. The development of the COVID Symptom Tracker
application by Coronavirus Pandemic Epidemiology (COPE) also helps to see how the novel coronavirus
spreads and who most at risk is. These applications provide valuable information to users, which in turn
drives the growth of the industry.
Moreover, the growing adoption of 'bring your own access' (BYOA) and 'bring your own devices' (BYOD)
enables employees to use all types of mobile devices, like iPhones, and Windows and Android phones that
require mobile applications to run on all platforms, is also boosting the growth of the industry. During the
COVID-19 pandemic, companies have invested highly in tablets and laptops to provide workers with
company-owned devices, despite revenue losses that have positively impacted market growth. Mobile
application development platforms help overcome concerns regarding mobile applications that can only
run on a single mobile device. It is expected that the continuation of the BYOD trend to prevent the spread
of COVID-19 in the post-pandemic period will accelerate market growth.
Delays in the production of new smartphones and tablets due to the temporary
shutdown of manufacturing plants during the lockdown have had a slight effect on the
growth of the market. Companies are reconsidering their strategies as a result of the
damage caused by the pandemic. The lack of shopping has led to a sharp decline in
smartphone and tablet sales during the lockdown period. The resumption of the
production of consumer electronics devices is expected to drive market growth after the
lockdown period. The Asia Pacific is expected to dominate the market over the forecast
period due to the growing adoption of mobile application development platforms by
organizations and the high availability of smartphones.
Segmental Analysis
The global market for mobile application development platform has been segmented
into deployment type, organization size, and vertical.
By deployment type, the global mobile application development platform market has
been segmented into cloud and on-premise.
By organization size, the global mobile application development platform market has
been segmented into small & medium enterprises and large enterprises.
By vertical, the global mobile application development platform market has been
segmented into BFSI, Healthcare, Transportation & Logistics, Education, Media &
Entertainment.
Regional Analysis
The regional analysis of the global mobile application development platform market is
studied for North America, Europe, Asia Pacific, and the rest of the world.
The Asia Pacific is set to dominate the market for mobile application development
platforms given the high availability of low-cost tablets and smartphones, leading to the
adoption of mobile application development platforms by organizations in the region.
Furthermore, the emerging use of digital technology in countries like India and China is
accountable for the growth of the MADP industry. North America is set to expand at a
higher pace due to the involvement of key players offering mobile application
development platforms. In Europe, the UK, Germany, and Italy are the key countries in
the market for middleware software market. As a result, the companies' high
expenditure on middleware software is accelerating the growth of the mobile
application development platform in Europe. In Middle East & Africa and Latin America,
the market is expected to expand slowly due to the lack of funds available for mobile
application development start-ups and main infrastructures.
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