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Application Platform Market, 2023 by Software (App Platform & Transaction Processing Monitor), Service (Deployment & Integration, Support & Maintenance, & Managed), Deployment (aPaaS & On-Premises)DUBLIN, June 5, 2018 /PRNewswire/ -- 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 report forecasts the global application platform market size 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 application platform market is segmented on the basis of components (software and services), deployment, organization size, and regions. This market is expected to gain traction, as vendors and open-source communities offer user-friendly, reliable, innovative, and specialized platforms to support the modern and real-time application requirements. Application platforms are instrumental in simplifying the deployment of application codes, automating the application release processes, and proactively monitoring applications and associated infrastructure performances. In addition, these platforms empower the rapid development and deployment of application logic, enable faster application iteration, and provide an unified experience to developers. Vendors are offering paid, as well as free open-source software to their commercial customers in the market. Hence, both paid and open-source software play a significant role in the growth of the market. The software segment of the application platform market includes application platform software and transaction processing monitor software. Among these subsegments, the application platform software subsegment is expected to play a vital role in the growth of the market. This subsegment is estimated to account for the larger market share and projected to be a faster-growing subsegment as well. Services are evolving as an important aspect, as application platform vendors' offer integrated services packages, along with application software packages to their commercial customers. The services segment of the market comprises various services, such as deployment and integration, support and maintenance, and managed services. The deployment and integration subsegment is expected to accout for the largest market size during the forecast period. This subsegment plays a vital role in the growth of the market, as in this service the application platform, along with the monitoring software are deployed at the customer's premises. The deployment segment consists of 2 types, namely, Application Platform-as-Service (aPaaS) and on-premises. The organization size segment is categorized into Small and Medium-sized Enterprises (SMEs) and large enterprises. The application platform market offers a reliable platform for developers and enterprises, and helps them develop and host mission-critical business applications. Application platforms provide a multitude of features, such as load balancers, auto-scaling orchestrators, automated deployment tools, and In-Memory Data Grids (IMDGs). aPaaS is offered as cloud services and provides managed platforms for designing, building, deploying and managing customized business applications. Furthermore, aPaaS provides a cloud-based foundation for app creation and establishes stability during the app development phase. Key Topics Covered: 1 Introduction For more information about this report visit https://www.researchandmarkets.com/research/bpmdkj/application?w=5 Media Contact: Laura Wood, Senior Manager SOURCE Research and Markets 
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