Rapid Application Development Platform Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Rapid Application Development Market is segmented by Type (Low-Code Development Platforms, No-Code Development Platforms), by Deployment Mode (On-Premise, Cloud), by Organization Size (Small and Medium Enterprises, Large Enterprises), by End-User (BFSI, Retail & E-Commerce, Government & Defense, Healthcare, Information Technology), and Geography (North America, Europe, Asia Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.

Rapid Application Development Platform Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Rapid Application Development Industry Overview

The Global Rapid Application Development Market is moderately concentrated. Players in the market are launching new products, developing new technologies, and mergers & acquisitions to remain competitive. Some of the critical development in the market are:

  • June 2021 - TrailheaDX, Salesforce introduced the next generation of Salesforce Platform that includes a robust set of low-code development tools that can empower users within an organization, regardless of technical skill or role, to create and ship apps on a single platform.
  • March 2021 - Zoho released its new Creator platform. This all-in-one solution bridges the gap between business users and IT teams by delivering a low code and practical solution-building experience. With the recent release, the company aspires to empower IT teams and business users to build a more sophisticated, modern, and compliant solution. Zoho Creator is concentrating on becoming a low-code platform that is user-friendly, secure, and custom fit for solving various industry challenges.
  • January 2021 - Oracle announced its popular APEX low-code development platform as a managed cloud service that designers can use to quickly and easily build data-driven business applications. Oracle APEX Application Development extends on two decades of APEX functionality already used by 500,000 developers as an easy-to-use, browser-based service for developing modern Web and mobile apps.

Rapid Application Development Market Leaders

  1. Microsoft Corporation

  2. Oracle Corporation

  3. Salesforce.com Inc.

  4. IBM Corporation

  5. Amazon Web Service

  6. *Disclaimer: Major Players sorted in no particular order
Rapid Application Development Market Concentration