Rapid Adoption in Banking Driving the Growth of the Global Enterprise Mobile Application Development Platform Market

Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Enterprise Mobile Application Development Platform Market.

Market Overview

Enterprise mobile application development platforms are advanced digital tools catering to development process of mobile applications. The platforms come with a set of product, services, and features. The global market for enterprise mobile application development platform is projected to exhibit 28% CAGR between 2017 and 2023. These platforms are diverse and compatible to various other platforms. They support different types of operating systems and mobile devices.

These platforms are also capable of cross platform integration, which ensure secure and fast transactions. IBM, Apple Inc., Microsoft Corporation, Adobe Systems, Inc., MobileIron, Inc., SAP SE, and Salesforce Inc. are some of renowned companies that offer such platforms. There is tremendous competition in the market, which is driving service providers to bolster their product portfolio. For instance, MobileIron, a prominent American software company offers the development platform that in focused on improving the end user experience.

Rising demand for specific mobile application is driving the need for mobile application development platforms. This is viewed as a major driver of the market. In addition, the rising level of awareness about the benefits of effective management of applications on multiple platforms is also influencing the market growth. Such factors will continue to drive the growth of the global market for enterprise mobile application development platform over the next couple of years.

The rise of cloud-based systems in also making a positive impact on the market. Furthermore, growing need for such platforms is sector such as information technology & telecommunication, healthcare, BFSI, retail, and manufacturing is partly supporting the market growth. Use of enterprise mobile application development platform in these sectors allow development of web, native and hybrid systems.

Global Enterprise Mobile Application Development Platform Market: Segmental Analysis

MRFR’s report includes a detailed segmental analysis of the market, which is conducted based in vertical, end user and deployment.

On the basis of vertical, the market has been segmented into healthcare, retail, IT and telecommunications, manufacturing and BFSI. Of these, the BFSI segment is projected to retain its leading position throughout the assessment period. This is mainly owing to the growing need for application development tools in the banking sector. Such platforms have several advantages, which in turn is drawing tremendous commercial interest towards them. Businesses are looking to leverage enterprise mobile application development platforms to offer superior user experience and accelerate business processes. The BFSI segment will continue to make significant contribution to the market in terms of revenue. On the basis of end user, the market has been segmented into large enterprises and small and medium enterprises. On the basis of deployment, the market has been segmented into on-premise and cloud based.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/enterprise-mobile-application-development-platform-market-4692

Global Enterprise Mobile Application Development Platform Market:

Regional Analysis

At present, North America represents the largest market for enterprise mobile application development platform. In terms of revenue, the U.S. remains a major contributor to the North America market. This can be attributed to the faster adoption of advanced mobile application technologies in the countries. Moreover, the existence of a state-of-the-art infrastructure is facilitating a faster integration of new-age technologies. North America is expected to retain its leading position throughout the assessment period. Such platforms are quickly gaining popularity among American enterprises. Meanwhile, the market in Europe is expected to demonstrate the highest growth rate during the projection period.

Global Enterprise Mobile Application Development Platform Market: Competition Analysis

Notable companies discussed in the report include IBM Corporation (U.S.), SAP SE (Germany), Microsoft Corporation (U.S.), IntellectSoft (U.S.), Adobe Systems, Inc. (U.S.), MobileIron, Inc. (U.S.), Red Hat, Inc. (U.S.), Salesforce., Inc. (U.S.), Oracle Corporation (U.S.), and Apple, Inc. (U.S.)