Global Application Platform Market is valued at USD 2.08 billion in 2016 is anticipated to grow USD 10.7 billion with the compounded annual growth of 17.7% over the forecast period 2017-2025.
New York 25 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Application Platform industry is poised to raise USD 10.7 billion by 2025. Some key components for the market development will be; rising importance of DevOps and Application Platform-as-Service (aPaaS) and competition from open-source alternatives is restraining the application platform market growth.
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Global Application Platform Market Size study, by Software (Application Platform, Transaction Processing Monitor), by Service (Deployment & Integration, Support & Maintenance, Managed), by Deployment (aPaaS & On-Premises), by Organization Size (Large enterprises, small, medium-size enterprises) and by Regional Forecasts 2017-2025.
The industry seems to be fairly competitive. Some of the leading market players include IBM, SAP, NEC, Microfocus, Oracle, Microsoft, Hitachi, Abode system, HPE, and so on. Other market players discussed in the report include Red Hat, Akamai, Gigaspaces, Tmaxsoft, NaviSite. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Competition from open-source alternatives is expected to be one of the restraining factors for the growth of application platform market.
- recent developments, new product launches, and mergers and acquisitions undertaken by the major market players are expected to boost the market growth.
Bizwit Research & Consulting LLP has considered following segments for the study:
- Application platform
- Transaction processing monitor
- Deployment & Integration
- Support & Maintenance
By Organisation size:
- Large enterprises
- Small enterprises
- Medium enterprises
- North America
- Asia Pacific
- Latin America
- Rest of the World