Dublin, June 05, 2018 (GLOBE NEWSWIRE) -- The "Application Platform Market by Software (App Platform & Transaction Processing Monitor), Service (Deployment & Integration, Support & Maintenance, & Managed), Deployment (aPaaS & On-Premises), Organization Size, & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global application platform market size is expected to grow from USD 8.99 billion in 2018 to USD 11.69 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period.
The factors such as the rising importance of DevOps and Application Platform-as-Service (aPaaS) is driving the growth of the application platform market. However, competition from open-source alternatives is restraining the application platform market growth. The aPaaS segment is active, competitive, and rapidly growing, which is said to be gaining traction. This trend is expected to continue during the forecast period. aPaaS is also called as the third-party provider-managed platform and is majorly offered as cloud services. This segment offers a development and deployment environment for application platform services. Moreover, aPaaS delivers fast, secure, and business-critical enterprise applications with a low Capital Expenditure (CapEx) and upfront cost. aPaaS also manages the complete life cycle of application platforms, starting from building, testing, deploying, and managing to updating. North America is expected to account for the largest market size in the application platform market during the forecast period. With regards to the emergence of trending technologies, such as Software-as-Service (SaaS)-based applications, cloud computing, big data, DevOps, and enterprise mobility, users and enterprises have been urged to adopt much more sophisticated and reliable application platform software and associated services. This adoption is expected to contribute to the overall growth of the application platform market in North America. Asia Pacific (APAC) is expected to witness significant growth and projected to be the fastest-growing region in the global application platform market during the forecast period. The region has witnessed the advanced and dynamic adoption of new technologies and has been a lucrative market for application platform software and associated services. Owing to the rapid growth of web and mobile applications in this region, the need to deploy, monitor, protect, and manage these applications against vulnerabilities is a major concern. This concern has given rise to the demand for application platform software in this region, as this software provides a reliable platform to develop, deploy, and manage enterprise applications.
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Market Opportunities in the Application Platform Market 4.2 Market By Service and Region, 2018 4.3 Market Investment Scenario, 2018-2023 4.4 Market By Organization Size, 2018 4.5 Market By Region, 2018 vs 2023 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Demand for Collaborative Application Development 5.2.1.2 Importance of Devops 5.2.1.3 Emergence of No-Code Application Platforms 5.2.1.4 Rise of Apaas 5.2.2 Restraints 5.2.2.1 Competition From Open-Source Alternatives 5.2.3 Opportunities 5.2.3.1 Advancements in Application Delivery and the Evolution of Software-Defined Age 5.2.4 Challenges 5.2.4.1 Lack of Pro-Active and Real-Time Application Visibility 5.2.4.2 Lack of Skill Set and Expertise 5.3 Application Platform-As-A-Service: Types 5.3.1 High-Productivity Application Platform-As-A-Service 5.3.2 High-Control Application Platform-As-A-Service 6 Application Platform Market, By Component 6.1 Introduction 6.2 Software 6.3 Services 7 Market By Software 7.1 Introduction 7.2 Application Platform Software 7.3 Transaction Processing Monitor Software 8 Market By Service 8.1 Introduction 8.2 Deployment and Integration 8.3 Support and Maintenance 8.4 Managed Services 9 Application Platform Market, By Deployment 9.1 Introduction 9.2 On-Premises 9.3 Application Platform-As-A-Service 10 Market By Organization Size 10.1 Introduction 10.2 Small and Medium-Sized Enterprises 10.3 Large Enterprises 11 Application Platform Market, By Region 11.1 Introduction 11.2 North America 11.3 Europe 11.4 Asia Pacific 11.5 Middle East and Africa 11.6 Latin America 12 Competitive Landscape 12.1 Overview 12.2 Market Ranking Analysis 12.3 Competitive Scenario 12.3.1 New Product Launches 12.3.2 Mergers and Acquisitions 12.3.3 Agreements and Partnerships 13 Company Profiles 13.1 IBM 13.2 SAP 13.3 NEC 13.4 Micro Focus 13.5 Oracle 13.6 Fujitsu 13.7 Microsoft 13.8 Hitachi 13.9 Adobe Systems 13.10 HPE 13.11 Huawei 13.12 Red Hat 13.13 Akamai 13.14 Gigaspaces 13.15 Caucho Technology 13.16 APAChe Tomcat 13.17 Tmaxsoft 13.18 Nastel Technologies 13.19 Navisite 13.20 Rogue Wave Software 13.21 4D Technologies 13.22 Nginx 13.23 Mendix 13.24 Kony 13.25 Betty Blocks
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