Rapid Application Development - Global Strategic Business Report

Global Rapid Application Development Market to Reach $802.8 Billion by 2030

The global market for Rapid Application Development estimated at US$49.8 Billion in the year 2022, is projected to reach a revised size of US$802.8 Billion by 2030, growing at a CAGR of 41.5% over the analysis period 2022-2030. Tools, one of the segments analyzed in the report, is projected to record 39.6% CAGR and reach US$416.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 44% CAGR for the next 8-year period.

The U.S. Market is Estimated at $14.6 Billion, While China is Forecast to Grow at 38.4% CAGR

The Rapid Application Development market in the U.S. is estimated at US$14.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$121.3 Billion by the year 2030 trailing a CAGR of 38.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 36.8% and 33.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 24.2% CAGR.

Select Competitors (Total 32 Featured) -

• Appian
• AWS
• Google
• IBM
• Kissflow
• Kony
• Lansa
• Matssoft
• Mendix
• Microsoft
• Oracle
• ORO
• Outsystems
• Salesforce
• Zoho Corporation

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year