USD 2.75 Billion growth expected in Global Application Platform Market| Growing Popularity of Cloud-Based services to boost market growth| Technavio
BMC Software Inc., Cisco Systems Inc., and GigaSpaces Technologies Ltd. will emerge as major application platform market participants
NEW YORK, June 14, 2022 /PRNewswire/ -- The Application Platform Market size is expected to grow by USD 2.75 billion at a CAGR of over 4.87% during the forecast period. The growing popularity of cloud-based services is notably driving the application platform market growth, although factors such as issues associated with vendor lock-in may impede the market growth. The report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.
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Key Considerations for Market Forecast:
The application platform market is driven by the growing popularity of cloud-based services. In addition, increasing capital investment in application development for mobile and web and rapid development of the mobile app ecosystem is expected to trigger the application platform market toward witnessing a CAGR of 4.87% during the forecast period.
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Major Five Application Platform Market Participants:
BMC Software Inc.: The company offers the BMC Helix Platform that Connects across domains for visibility, observability, and AI-driven actionability.
Cisco Systems Inc.: The company offers the HyperFlex Application Platform that is developed as a cloud-native application.
GigaSpaces Technologies Ltd.: The company offers a bigdata application platform that is centered around new database technologies from the emerging NoSQL world.
International Business Machines Corp.: The company offers IBM WebSphere Application Server a flexible, security-rich Java server runtime environment for enterprise applications.
Micro Focus International Plc: The company offers ALM/Quality Center for advanced data insights, enhanced end-user environment, officially supported full-function REST API, ease of administration.
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Application Platform Market Segmentation
The on-premises segment's application platform market share will expand significantly. When opposed to the aPaaS deployment approach, the on-premises segment provides more protection. The data is stored on dedicated servers in this deployment architecture, which provides greater control and protection over the information.
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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