Product Code: GVR-4-68039-613-5
Application Development Software Market Growth & Trends:
The global application development software market size is estimated to reach USD 862.67 billion by 2030, registering to grow at a CAGR of 22.8% from 2025 to 2030 according to a new report by Grand View Research, Inc. The growing trend of cloud-based solutions, coupled with an increase in the usage of the Internet of Things (IoT) technology, is anticipated to propel the market over the forecast period. Furthermore, a surge in the demand for advanced applications to improve work efficiency, resolve various business issues, and streamline business and operations due to digitalization is expected to support the market growth over the forecast period.
Low-code development platforms are being deployed to enable rapid production and adoption of functional software to meet the unique processes and data needs of various small and medium enterprises and large enterprises. The revolution of microcomputers has allowed mass integration of business operations using several customized software, as business segments have circulated required devices widely around their employees' centers. This has allowed software developers to design and develop tailored systems to cater to the needs of organizations.
Several factors such as a strong ecosystem designed and developed for DevOps and Agile practices, rise in the demand for digitization, and a growing need for quick scalability and customization are driving the adoption of application development software, thereby supporting the market growth.
The increasing spread of the COVID-19 virus has negatively impacted market growth. Lockdown restrictions imposed by various governments have led to a temporary closure of business operations in multiple sectors such as media and entertainment and travel and tourism. Employees in the IT and telecom industry have been directed to adopt the work from home model. This has led to a significant decline in the adoption of technological advancements in the existing business systems. However, with the ease of the lockdown restrictions and resumption of business operations, the market is anticipated to witness significant growth over the forecast period.
The prominent players that dominated the market for application development software globally in 2020 include Oracle Corporation; Salesforce.com Inc.; Zoho Corporation; Fujitsu Ltd.; and HCL Technologies. These players majorly focus on new products, applications, and service launches to enhance their business operations. In June 2021, HCL Technologies announced the launch of Domino. Domino is the company's secure enterprise application development platform. The launch assisted HCL Technologies in expanding its service offerings to various enterprises.
Application Development Software Market Report Highlights:
- In terms of type, low-code development platforms accounted for a leading revenue share in 2024 on account of their increasing popularity due to their ability to simplify software development.
- The large enterprise segment accounted for a leading revenue share in the overall market in 2024. Large enterprises often require robust application development software to handle complex projects, integrate with existing systems, and support large teams.
- The cloud segment accounted for a dominant revenue share in the global market in 2024 and is further expected to advance at the fastest CAGR during the forecast period.
- The BFSI segment accounted for the largest revenue share in the global market in 2024, owing to the rapid pace of digital transformations undertaken by BFSI institutions to enhance customer experience, streamline operations, and remain competitive.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Application Development Software Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Application Development Software Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Application Development Software Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Application Development Software Market: Type Movement Analysis, 2024 & 2030 (USD Billion)
- 4.3. Low-code Development Platforms
- 4.3.1. Low-code Development Platforms Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. No-code Development Platforms
- 4.4.1. No-code Development Platforms Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Application Development Software Market: Organization Size Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Application Development Software Market: Organization Size Movement Analysis, 2024 & 2030 (USD Billion)
- 5.3. Large Enterprises
- 5.3.1. Large Enterprises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Small & Medium Enterprises
- 5.4.1. Small & Medium Enterprises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Application Development Software Market: Deployment Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Application Development Software Market: Deployment Movement Analysis, 2024 & 2030 (USD Billion)
- 6.3. Cloud
- 6.3.1. Cloud Deployment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. On-premise
- 6.4.1. On-premise Deployment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Application Development Software Market: End Use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Application Development Software Market: End Use Movement Analysis, 2024 & 2030 (USD Billion)
- 7.3. IT & Telecom
- 7.3.1. IT & Telecom Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4. BFSI
- 7.4.1. BFSI Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5. Media & Entertainment
- 7.5.1. Media & Entertainment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6. Healthcare
- 7.6.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.7. Travel & Tourism
- 7.7.1. Travel & Tourism Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.8. Others
- 7.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Application Development Software Market: Regional Estimates & Trend Analysis
- 8.1. Application Development Software Market Share, By Region, 2024 & 2030 (USD Billion)
- 8.2. North America
- 8.2.1. North America Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.3. Canada
- 8.2.3.1. Canada Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.2. U.K.
- 8.3.2.1. U.K. Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.3. Germany
- 8.3.3.1. Germany Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.4. France
- 8.3.4.1. France Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.2. China
- 8.4.2.1. China Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.3. Japan
- 8.4.3.1. Japan Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.4. India
- 8.4.4.1. India Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.6. Australia
- 8.4.6.1. Australia Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.2. UAE
- 8.6.2.1. UAE Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Saudi Arabia Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Application Development Software Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles/Listing
- 9.4.1. Salesforce, Inc.
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Strategic Initiatives
- 9.4.2. Oracle
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Strategic Initiatives
- 9.4.3. Microsoft
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Strategic Initiatives
- 9.4.4. Fujitsu
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Strategic Initiatives
- 9.4.5. HCL Technologies Limited
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Strategic Initiatives
- 9.4.6. IBM
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Strategic Initiatives
- 9.4.7. Zoho Corporation Pvt. Ltd.
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Strategic Initiatives
- 9.4.8. ServiceNow
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Strategic Initiatives
- 9.4.9. SAP SE
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Strategic Initiatives
- 9.4.10. Wipro
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Strategic Initiatives