Rapid Application Development Market Developing Rapidly Due to Highest Growth in Technology

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Rapid Application Development (RAD) has emerged as a highly interactive application development approach that helps build software applications rapidly.  The RAD environment helps organizations develop faster and high-quality applications. However, technological developments and user-friendly cloud environments such as Platform-as-a-Service (PaaS), Infrastructure-as -a-Service (IaaS), and Everything-as-a-Service (XaaS) have driven the business mobility on a large scale.

The rapid application development market size is expected to grow from US$ 7.8 billion in 2018 to US$+ 46.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of +42.9% during the forecast period.



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Top Key Players:

IBM (US), AWS (US), Google (US), Microsoft (US), Oracle (US), Salesforce (US), Appian (US), Mendix (US), Zoho Corporation (India), OutSystems (US), LANSA (US), Ninox (US), Oro (US), Matsoft (UK), Kony (US), Pegasystems (US), ServiceNow (US), WaveMaker (US), KiSSFLOW (India), Radzen (Europe), AmpleLogic (India), FileMaker (US), QuickBase (US), AppSheet (US), and K2 (South Africa)

Moreover, the research report underscores the global market based on several parameters. The global rapid application development market has broadly segmented into various regions such as North America, Latin America, Asia-Pacific, Africa and the Middle East based on the productivity of the companies. It has been aggregated on the basis of qualitative and quantitative analysis.

Furthermore, it offers a detailed description of the global rapid application development market with respect to the dynamics of the market such as internal and external driving forces, restraining factors, risks, challenges, threats, and opportunities. Analysts of this research report are predicting the financial attributes such as investment, pricing structures along with the profit margin.

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