Application Platform Market � Global Industry Analysis and Forecast (2023-2029)

Manasi05 Jul, 2024Business

The major driving factors of the global application platform market are the increase of aPaaS and the emergence of the low-code application platform. Moreover, the growing importance of DevOps and the demand for collaborative application development drive market growth. The aPaaS segment is active, competitive, and quickly growing, which is said to be gaining traction. This key trend is likely to continue during the forecast period. The aPaaS is also called the third-party provider-managed platform and is majorly offered as cloud services. However, competition from open-source alternatives is restraining the global application platform market growth.