Global Mobile Application Development Platforms Market

Anything you can possibly need is there in the apps on your smartphone. But who makes these and how does it reach our gadgets?

From booking tickets, video calling your loved ones, making financial transactions, to pulling off your official commitments, your go-to solution is the smartphone or tablet in your hand. Even big industries like aerospace and defence, insurance, and information & technology utilise mobile technology in their functioning. But what’s it worth without the applications dedicated for those specific tasks? It is in this context that it’s essential to analyze the thought, planning and effort that goes into developing these applications.

According to the report by 360iResearch, the global market for mobile application development platforms was valued at USD 1,208.63 Mn in 2016, and is expected to reach USD 6,967.92 Mn by the end of 2023, growing at a CAGR of 28.44%.

The growth of Cloud technology is among the propelling factors of the mobile application development platforms market. Picture this: you leave home for work, and halfway through your journey, you remember that the files you need for the day are on your desktop. That puts you in a spot of bother – having to choose between going back for those files and getting late, or turning up at work unprepared. This is where Cloud technology comes in handy, and lets you access your personal files remotely, from various other gadgets. But that would not be possible without the applications, would it? Needless to say, the mobile application development platforms market is going to boom in order to satiate these needs and requirements.

However, it is not without its own set of problems, with security concerns being the foremost one. There are also apprehensions regarding the backend integration, lack of talent, and exorbitant maintenance costs. The benefits and profits however, outweigh the costs, and that is why market players are resorting to innovation and improvement to overcome these barriers.

To get a head start in the global mobile application development platforms market, take a look at this report.