The global enterprise high productivity application platform market is expected to witness a CAGR of above 10% during the forecast period 2019–2025 to reach revenue of over $8 billion by 2025
Bangalore, India, July 01, 2019: With its recently published study “Global Enterprise High Productivity Application Platform Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the global enterprise high productivity application platform market is expected to witness high growth, owing to increasing need of comprehensive and integrated tool to help enterprises across the application lifecycle. Right from conceptualization to development as well as implementation to operations, this platform brings down the app deployment time massively. The focus of all the vendors operating in this market are speed and agility in project management.
High productivity application platform finds significant interest from enterprises in the North American region. The major deployment in this market is moving towards cloud with hpaPaaS. The adoption of hpaPaaS is likely to increase, especially in Asia Pacific and Europe during the forecast period 2019–2025. The trend of using low-code application platform to streamline development and app deployment, will steer the market to a CAGR of more than 10% from 2019–2025.
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North America is dominant in the high productivity application platform adoption, followed by Europe and Asia Pacific. North American CRM, BPM, and digital transformation vendors are leading in the market currently. The organizations are expected to grow rapidly as enterprises are on a fast-moving track with respect to their shift from legacy systems to modern IT and ERP systems. Asia Pacific is poised to grow at the highest CAGR as the region holds great potential to flourish with few growing economies in the region and increasing enterprise customer base in China and India.
Budget concerns and lack of understanding in the benefits in adopting these technologies are restricting the growth of enterprise high productivity application platform market. The enterprise high productivity application platform market is expected to grow majorly among large enterprises as they face complex situations in managing their application delivery in a multi-application environment. On the other hand, these technologies help in application development lifecycle, enhance coding with citizen developers, along with acceleration of integration with mobility and other channels.
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The high productivity application platforms offer visual development tools and provides easy collaboration between development and business teams. The concern area remains with customization capability of these application platforms. The top vendors are focusing on proper connected approach and offer services for data analytics in IoT, ML, and predictive maintenance space to ensure high customization levels.
“Enterprise High Productivity Application Platform is expected to bring speed and agility in the DevOps environment, bringing in more streamlined processes and quicker app launches. The enterprise high productivity application platform offers low code and easy deployment of apps and helps in bringing efficiency in system modernization and digital transformation,” pointed out Swarup Bhowal, Research Analyst, Infoholic Research.
Segments of the Report Include:
- Process Optimization
- Customer Experience
- System Modernization
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East Africa
- South Africa
- Rest of Middle East Africa
- Latin America
- Rest of Latin America
- Industry outlook: Market trends, drivers, restraints, and opportunities
- North America
Ms. Sunanda Ganguli
Infoholic Research LLP