Application Development and Management Market Size and Forecast (by Country, IT Solution Area, Size Band and Vertical) to 2027
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Application Development and Management Market Overview
The global Application Development and Management market was valued at US$ 267.82 billion in 2022 and will grow at a compounded annual growth rate (CAGR) of 13.46% to reach a value of US$ 503.67 billion by 2027. The cumulative revenue generation opportunities for Application Development and Management providers is estimated at US$ 2217.09 billion between 2022 to 2027.
Application Development and Management Market Outlook, 2022-2027 (US$ Billion)
Buy full report for more insights into the Application Development and Management market forecast
The Application Development and Management market opportunity forecast report provides the total addressable market for the Application Development and Management solutions from 2019 to 2027.
Market Size (2022) | US$ 267.82 billion |
Market Size (2027) | US$ 503.67 billion |
CAGR (2022-2027) | 13.46% |
Key Regions | · North America
· South & Central America · Western Europe · Central & Eastern Europe · Middle East & Africa · Asia Pacific |
Key Verticals | · Manufacturing
· Information Technology · Retail · Retail Banking · Government · Insurance · Transport and Logistics · Healthcare · Construction · Energy · Consumer Goods · Financial Markets · Utilities · Communication · Education · Foodservice · Travel and Leisure · Media · Pharmaceuticals · Mining · Medical Devices · Others |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
Application Development and Management Market Segmentation by Region
The Application Development and Management market is geographically segmented into North America, South & Central America, Western Europe, Central & Eastern Europe, the Middle East & Africa, and the Asia Pacific.
The North America region dominated the Application Development and Management market with a revenue share of 34.0% in 2022. Undoubtedly, the US is the largest market with a market share of 87.2% in the Application Development and Management market in this region. Furthermore, Asia Pacific and Western Europe held the second and third position of the market with a share of 28.6% and 19.4%, respectively.
Application Development and Management Market Analysis by Region, 2022 (%)
Buy full report for more geographical insights on the Application Development and Management market
Application Development and Management Market Segmentation by Vertical
Manufacturing, information technology, retail, retail banking, energy, government, insurance, transport and logistics, healthcare, construction, and energy among others are some of the key end-use industries using Application Development and Management in their operations.
In terms of vertical end-use segments, the Manufacturing Sector is the largest segment with 8.7% market share, followed by the Information Technology sector. Additionally, the Application Development and Management market for energy sector is anticipated to be the fastest growing segment recording an estimated CAGR of 16.93% during the forecast period.
Application Development and Management Market Analysis by Verticals, 2022 (%)
Buy full report for more insights into the Application Development and Management market verticals
Application Development and Management Market - Competitive Landscape
The major players significantly impacting the Application Development and Management market are Accenture, Capgemini, IBM Corporation, TCS, and Infosys among others.
Leading Application Development and Management Companies
Buy full report for more information on key players in the Application Development and Management market
Scope
This product provides revenue opportunity forecasts in the Application Development and Management market from 2019 to 2027, spanning 52 geographical markets, 6 regions and 22 verticals.
Key Highlights
- The global Application Development and Management market is expected to grow at a CAGR of 13.46% over the forecast period.
- The global Application Development and Management market over the forecast period is expected to be led by North America with a share of 34.0%, followed by Asia Pacific and Western Europe with shares of 28.6% and 19.4%, respectively. The Middle East, Africa, Central and Eastern Europe, and South and Central America together are expected to account for the remaining market share of 17.9%.
Reasons to Buy
- Access the current state and expected growth (next 5 years) of the Application Development and Management
- Determine the most lucrative sectors for Application Development and Management considering their current contribution to the overall Application Development and Management market and their expected contribution to the growth of the market over the next 5 years.
- Identify the geographies/countries who would be the contributors to the growth of Application Development and Management market over the next 5 years.
Frequently asked questions
-
What was the Application Development and Management market size in 2022?
The global Application Development and Management market size was estimated at US$ 267.82 billion in 2022 and is expected to reach US$ 292.81 billion in 2023.
-
What is the Application Development and Management market growth?
The global Application Development and Management market is expected to grow at a compound annual growth rate of 13.46% over the forecast period to reach US$ 503.67 billion by 2027.
-
Which industry vertical led the Application Development and Management market in 2022?
The manufacturing sector was the largest vertical with 8.7% market share in 2022.
-
Which region accounted for the largest Application Development and Management market share?
North America dominated the Application Development and Management market with 34.0% market share in 2022.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.
Related reports
View more Application Development reports

