Application Development and Management Market Size and Forecast (by Country, IT Solution Area, Size Band and Vertical) to 2027

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Application Development And Management Technology Market Report Overview

The global application development and management market size was valued at US$ 267.82 billion in 2022 and will grow at a compounded annual growth rate (CAGR) of 14.61% to reach US$ 529.68 billion by 2027. The cumulative revenue generation for application development and management providers is estimated at US$ 2282.70 billion for 2022-2027.

Application Development and Management Market Outlook, 2022-2027 (US$ Billion)

Application Development and Management Market Outlook, 2022-2027 (US$ Billion)

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The ‘Application Development and Management Market’ opportunity forecast report provides the total addressable market for application development and management solutions from 2019 to 2027.

Market Size (2022) US$ 267.82 billion
Market Size (2027) US$ 529.68 billion
CAGR (2022-2027) 14.61%
Key Segments ·        Application Development

·        Application Management

·        Application Performance Monitoring

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

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Application Development and Management Market Segmentation by Vertical

A few of the key end-use industries making use of application development and management in their operations are manufacturing, information technology, retail, retail banking, government, insurance, transport and logistics, healthcare, construction, and energy. In terms of vertical end-use segments, the manufacturing sector held the highest market share at 8.7%. It is followed by the information technology sector.

The application development and management market for the energy sector will be the fastest-growing segment. It will record an estimated CAGR of 18.11%, during the forecast period.

Application Development and Management Market Share by Verticals, 2022 (%)

Application Development and Management Market Share by Verticals, 2022 (%)

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Application Development and Management Market Segmentation by Region

North America, South and Central America, Western Europe, Central and Eastern Europe, Middle East Africa, and the Asia Pacific are the major geographical segments in the application development and management market. The North American application development and management market dominated in terms of revenue share of 34.0% in 2022.

The US held the largest market share of 87.2% in this region. On the other hand, Asia Pacific and Western Europe held the second and third positions with 28.6% and 19.4% of market shares, respectively.

Application Development and Management Market Share by Region, 2022 (%)

Application Development and Management Market Share by Region, 2022 (%)

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Application Development and Management Market - Competitive Landscape

A few of 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

Leading Application Development and Management Companies

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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 14.61% over the forecast period.
  • North America will hold the highest market share of 34.0% in the application development and management market over the forecast period. Asia Pacific and Western Europe will follow with market 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 lucrative sectors for application development and management, considering their current contribution to the overall application development and management market and their expected input toward the market growth over the next 5 years.
  • Identify the geographies/countries that would contribute to the application development and management market growth over the next 5 years.

Frequently asked questions

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