The Information Technology sector is undergoing extraordinary change with the increasing demand for instinctive customer-facing applications. Additionally, there is a rise in the competition, and promptness to the industry has become a crucial factor for many organizations due to the ever-increasing demand. Over time, numerous software solutions have been shifted from on-premises into the cloud, due to the shift towards microsrevices and application programming interfaces (APIs). As technology stacks developed, there is an increase in the adoption of PaaS. These services provide both application deployment and development as compared to customary Paas solutions that emphasis on middleware.

Adroit Market Research study on the global market for application platform offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global application platform market have been analyzed in depth.

Rise in demand for personalized enterprise platform to improve productivity is anticipated to drive the application platform industry. Growing adoption of an application platform that provides a quick go-to-market and products within a short period is also anticipated to fuel the market growth. Increase in the adoption of customized application and digitalization in production process in various industry verticals is likely to offer significant prospects for solution providers in the next few years.

Companies are capitalizing a substantial amount on the professional development over their employees.  Prominent players are implementing various strategies, such as product innovation, partnerships, research & development initiatives, strategic joint ventures, geographical expansion, mergers & acquisitions, to improve their foothold in the industry. Players are concentrating on delivering both on-cloud-based and premise solutions to SMEs as well as large enterprises.

The key players of the global application platform market report include-  IBM, Oracle, NEC, Microsoft, Micro Focus, SAP, Fujitsu, Hitachi , HPE, Huawei, Adobe, Red Hat, Akamai, Caucho, Apache Tomcat, TmaxSoft, and GigaSpaces, among others.

Key Segments of the Global Application Platform Market

Component Overview, 2018-2028 (USD Million)

• Software
• Services

Enterprise Size Overview (USD Million)

• Large Enterprise
• Small & Medium Enterprise

Application Overview (USD Million)

• Database and Cloud Security
• Email Security
• Network Security
• Web Security
• Others

End-User Overview, 2018-2028 (USD Million)

• Aerospace & Defence
• BFSI
• Healthcare
• IT & Telecom
• Public Sector
• Retail
• Others

Regional Overview, 2018-2028 (USD Million)

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Middle East and Africa

• UAE
• South Africa
• Rest of Middle East and Africa

South America

• Brazil
• Rest of South America