Rapid Application Development Market 2021 Precise Outlook- Oracle Corporation, Microsoft Corporation, Salesforce.com Inc., IBM Corporation

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Jul 03, 2021 (Market Insight Reports) — The Global Rapid Application Development Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.

The rapid application development market is expected to reach a CAGR of 42.6% during the forecast period (2021 – 2026).

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https://www.marketinsightsreports.com/reports/05202907066/rapid-application-development-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=74

Key Market Players:Oracle Corporation, Microsoft Corporation, Salesforce.com Inc., IBM Corporation, Amazon Web Services, Appian Corporation, ServiceNow, Zoho Corporation Private Limited, OutSystems, LANSA and Other

Industry News and Updates:

– In March 2019 – Zudy’s Microsoft Cloud Solution combined with its application development platform, Vinyl, to accelerate all areas of the enterprise. This combination of rapid application development allows for seamless interaction of all existing data systems.

Key Market Trends

Small and Medium-sized Enterprises To Drive the Market Growth

– Small and Medium-sized Enterprises are likely to drive the growth of the market due to their adoption of rapid application development platforms to develop customer-centric applications at lower costs and for better productivity.
– SMEs are significantly contributing to the economy for most regions. According to the US Small Business Administration (SBA), more than 50% of Americans either own or work for a small business. SMBs also account for 40% of the countrys GDP. Approximately 99% of all enterprises in the EU employ fewer than 250 persons.
– Small businesses need access to their data on the go, with no overhead for storage maintenance and hardware maintenance costs. Moreover, SMEs are looking for cloud-based RAD platforms to save money, time, and resources. This further boost the growth of the market.

Asia-Pacific to Witness Highest Growth

– The increasing technical expertise, the growing presence of large enterprises, enhanced services, and expanding cloud-based service providers are contributing to tremendous growth in the APAC region.
– Moreover, countries like China, Japan, India, and Singapore adopt the latest technologies in the region that influence the rapid application development vendors to expand in the region further.
– Furthermore, Singapore is home to companies like Point Share, Octal Info Solution, Hermes Infotech, Ranosys Technologies, and MindCraft Singapore, among others that provide technology solutions that propel the businesses to higher levels and increase the efficiency of the application.
– Also, SME’s in the region are shifting towards cloud computing and migrating their services to clouds for better business results and productivity. According to recent data from the Indian Ministry of Micro, Small and Medium Enterprises, India has 50 million MSMEs, making it among the world’s largest MSMEs, which further boosts the market’s growth.

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https://www.marketinsightsreports.com/reports/05202907066/rapid-application-development-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=74

What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Rapid Application Development market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Rapid Application Development market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Rapid Application Development market.

Market Segments: This part of the report discusses product type and application segments of the global Rapid Application Development market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Rapid Application Development used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– 3 months of analyst support

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.

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