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$ 2.75 Billion growth expected in Global Application Platform Market 2021-2025 | Technavio


NEW YORK, June 21, 2021 /PRNewswire/ — The application platform market is expected to grow by USD 2.75 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the application platform market in optimistic, probable, and pessimistic forecast scenarios.


Technavio has announced its latest market research report titled Application Platform Market by Deployment and Geography - Forecast and Analysis 2021-2025

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The application platform market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

The application platform market is driven by the growing popularity of cloud-based services. In addition, increasing capital investment in application development for mobile and web and rapid development of mobile app ecosystem is expected to trigger the application platform market toward witnessing a CAGR of almost 5% during the forecast period.

Gain more insights into the global trends impacting the future of the application platform market.

Request Free Sample @ 
https://www.technavio.com/talk-to-us?report=IRTNTR40161

Major Five Application Platform Market Participants:

BMC Software Inc.: The company offers the BMC Helix Platform that Connects across domains for visibility, observability, and AI-driven actionability.

Cisco Systems Inc.: The company offers the HyperFlex Application Platform that is developed as a cloud-native application.

GigaSpaces Technologies Ltd.: The company offers a bigdata application platform that is centered around new database technologies from the emerging NoSQL world.

International Business Machines Corp.: The company offers IBM WebSphere Application Server a flexible, security-rich Java server runtime environment for enterprise applications.

Micro Focus International Plc: The company offers ALM/Quality Center for advanced data insights, enhanced end-user environment, officially supported full-function REST API, ease of administration.

Application Platform Market 2021-2025: Segmentation

Application platform market is segmented as below:

  • Deployment
    • On-premises
    • APaaS
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Report: www.technavio.com/report/application-platform-market-industry-analysis

Newsroom: newsroom.technavio.com/news/top-drivers-for-application-platformmarket

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