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
For more information about this report visit https://www.researchandmarkets.com/research/59xdk7/11_6_billion?w=12