Mobile App Development Platforms Market Growth Trends Analysis by 2028

(Newswire.net — October 3, 2022) —

According to the most recent analysis by Emergen Research, the global market for mobile app development platforms (MADP) was valued at USD 7.93 billion in 2020 and is projected to grow at a rate of 25.4% during the forecast period. Rising cloud-based technology adoption and rising smartphone use for business are two major drivers boosting MADP market revenue. Additionally, it is anticipated that increasing use of reputable mobile app development techniques would support the market’s revenue growth in the near future.

Live streaming apps, which let users broadcast live videos to a bigger audience globally, are becoming more and more prevalent in the mobile application industry. YouTube content producers and Instagram social media influencers who use these mobile apps to the fullest extent to engage with their audiences on a daily basis have started to use live streaming in a big way.

The need for mobile application development platforms has arisen as a result of the growing adoption of mobile technologies by businesses for better control of their operational and business processes. The market for mobile application development platforms is driven by the increasing adoption of mobile devices by businesses, the bring your own device (BYOD) movement, and cloud computing. In order to anticipate the market for the years 2020 to 2028, it is also necessary to assess the need for automation in mobile application development and favourable government initiatives for digitization in emerging nations.

Mobile app development will heavily rely on cloud technology. App developers will need to concentrate on the capability to integrate and sync their apps on various platforms due to the increase in the usage of multiple mobile devices and wearable technology. The use of the cloud will allow programmers to create programmes that can be used on many devices and share the same features, functionalities, and data. Additionally, since the programme will function identically on all platforms thanks to cloud computing, mobile app developers have the luxury of concurrently releasing their applications on IOS and Android.

The predicted period has the highest CAGR of 25.5% for small and medium-sized firms. As a result of the speed and convenience that a business with a mobile app offers to its clients, app development for SMBs is growing. Additionally, mobile apps will be crucial in preserving client loyalty. Additionally, SMBs must manage customer loyalty because their first clientele is what will serve as their foundation. With more Small and Medium Businesses creating their own native mobile applications, enterprise mobile application development has drawn more attention.

Some Key Highlights from the Report

· Due to the rising popularity of Android mobile apps, the Android category is anticipated to lead in terms of revenue over the forecast period. Android mobile apps are growing increasingly popular and have a large user base, especially in developing nations.

· The BFSI segment is anticipated to outperform other industries in terms of revenue over the projection period due to the growing demand for fintech mobile applications in this sector.

· Due to the region’s highly developed information technology (IT) infrastructure, easy access to the Internet, and rising smartphone adoption, North America is anticipated to represent a greater revenue share than other regional markets.

· Major companies in the market report include International Business Machines Corporation, Kony, Inc., SAP SE, Apple, Inc., Oracle Corporation, Red Hat, Inc.,

Emergen Research has segmented global Mobile App Development Platforms (MADP) market on the basis of deployment, organization size, operating system, end-use, and region: