Application Development and Integration Market Growth Factors, Key Players and Competitive Strategies
27 May 2019, The global application
development and integration market is subject to witness a substantial
growth due to the rising focus towards reduction of operational cost with
implementation of an application development and integration system across an
enterprise.
Adoption of an enterprise application integration strategy is
credited to reduced risk and interoperability among IT applications and
systems. Globally, the market is predicted to generate massive revenue over
next seven years, providing numerous opportunities for market players to invest
for research and development in the application development and integration
market.
Increasing demand for an efficient application integration strategy and
cost effective solution are expected to foster the growth of the market. The
software development and application solutions helps to derive a unified
structure that operates with a perfect conjunction. Thus, limiting scope for
interoperability issues such as data leaks that can lead to security loophole.
These factors are expected to favor the growth of market in the near future. In
addition, application development and integration solution allows streamlining
of various business operation by executing a coherent and well-defined
integration strategy with broad ranges of applications that are located within
across an enterprise.
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Growing adoption of hybrid application integration
technology is expected to set up key market trends for the application
development and integration sector over the upcoming years. In addition, high
level of complexity involved with data integration and collaboration standards
in across different industry verticals is expected to generate high-end demand
for application development and integration solutions.
The market is broadly categorized into two major segments
based on the application type such as application development and application
integration. The application development is considered as one of the fastest
growing segment in the market with substantial revenue generation in the last
few years.
Growing popularity of the application development segment
is attributed to the increasing demand for high performance and cost effective
solutions. The application integration segment has also witnessed substantial
growth owing to the shifting trend towards hybrid application integration
technology.
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| Application Development and Integration Market |
The market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in the implementation of latest technologies in
IT sector, increase in the number of research & development activities in
the region and existence of well-established IT infrastructure.
Asia-Pacific region is predicted to hold major market
share in the application development and integration market with massive growth
in forecast period. Countries such as India, China, Japan and Singapore are
leading the Asia-Pacific market with strong economic growth in the region,
rapid growth IT sector, and significant investment by leading industry players
considering potential growth opportunities in the region.
The key players in the application development and
integration market are Accenture, Inc., BAE Systems Co., Fujitsu Ltd., Hewlett
Packard Enterprises Co., IBM Co., Lockheed Martin Co., Trianz Holdings Group,
Oracle Co., Infosys Ltd., and Microsoft Co.
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