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PUBLISHER: KBV Research | PRODUCT CODE: 1593624
PUBLISHER: KBV Research | PRODUCT CODE: 1593624
North America Rapid Application Development Platform Market Size, Share & Trends Analysis Report By Type, By Component, By Deployment, By Business Function, By Enterprise Size, By Vertical, By Country and Growth Forecast, 2024 - 2031
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The North America Rapid Application Development Platform Market would witness market growth of 39.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Rapid Application Development Platform Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $149,046.2 million by 2031. The Canada market is experiencing a CAGR of 42.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 41.1% during (2024 - 2031).
This market has witnessed considerable growth over the past few years, driven by the increasing demand for faster software development cycles, agility, and the need for cost-efficient solutions. Rapid application development (RAD) platforms enable the quick development of software applications with minimal manual coding, allowing businesses to bring products to market faster and improve time-to-market.
RAD platforms are utilized across various industries, enabling businesses to build applications that meet specific needs rapidly. RAD platforms provide tools for creating bespoke applications that cater to specific business requirements. Whether it's a mobile application, web platform, or enterprise system, RAD tools allow developers to assemble and deploy custom solutions rapidly.
The rising e-commerce sector in Canada and the burgeoning telecommunications sector in Mexico significantly impact the growth of the rapid application development platform market. In Canada, the e-commerce sector has seen substantial growth. According to the International Trade Administration (ITA), e-commerce accounted for 3.9% of Canadian retail sales in 2021, which rose to 6.2% in 2022. The telecommunications sector in Mexico has experienced robust growth, significantly outpacing the overall economy. The ITA reports that mobile telephones, broadband services, and broadcasting primarily drive this growth. In 2022, Mexico had over 130 million active wireless lines, with over 113 million individuals having internet access. Hence, the growth of the e-commerce sector in Canada and the telecommunications sector in Mexico is fostering the expansion of the market.
Based on Type, the market is segmented into Low-code Development Platforms and No-code Development Platforms. Based on Component, the market is segmented into Tools and Services. Based on Deployment, the market is segmented into Cloud and On-premise. Based on Business Function, the market is segmented into IT, Sales & Marketing, Finance, and HR & Operations. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, IT & Telecommunications, Government & Public Sector, Retail & E-commerce, Energy & Utilities, Manufacturing, Media & Entertainment, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Microsoft Corporation
- Salesforce, Inc.
- IBM Corporation
- Oracle Corporation
- SAP SE
- Siemens AG (Mendix)
- Pegasystems, Inc.
- ServiceNow, Inc.
- Appian Corporation
- Progress Software Corporation
- OutSystems
North America Rapid Application Development Platform Market Report Segmentation
By Type
- Low-code Development Platforms
- No-code Development Platforms
By Component
- Tools
- Services
By Deployment
- Cloud
- On-premise
By Business Function
- IT
- Sales & Marketing
- Finance
- HR & Operations
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Vertical
- BFSI
- IT & Telecommunications
- Government & Public Sector
- Retail & E-commerce
- Energy & Utilities
- Manufacturing
- Media & Entertainment
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Rapid Application Development Platform Market, by Type
- 1.4.2 North America Rapid Application Development Platform Market, by Component
- 1.4.3 North America Rapid Application Development Platform Market, by Deployment
- 1.4.4 North America Rapid Application Development Platform Market, by Business Function
- 1.4.5 North America Rapid Application Development Platform Market, by Enterprise Size
- 1.4.6 North America Rapid Application Development Platform Market, by Vertical
- 1.4.7 North America Rapid Application Development Platform Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan - 2024, May) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. North America Rapid Application Development Platform Market by Type
- 5.1 North America Low-code Development Platforms Market by Region
- 5.2 North America No-code Development Platforms Market by Region
Chapter 6. North America Rapid Application Development Platform Market by Component
- 6.1 North America Tools Market by Region
- 6.2 North America Services Market by Region
Chapter 7. North America Rapid Application Development Platform Market by Deployment
- 7.1 North America Cloud Market by Country
- 7.2 North America On-premise Market by Country
Chapter 8. North America Rapid Application Development Platform Market by Business Function
- 8.1 North America IT Market by Country
- 8.2 North America Sales & Marketing Market by Country
- 8.3 North America Finance Market by Country
- 8.4 North America HR & Operations Market by Country
Chapter 9. North America Rapid Application Development Platform Market by Enterprise Size
- 9.1 North America Large Enterprises Market by Country
- 9.2 North America Small & Medium Enterprises (SMEs) Market by Country
Chapter 10. North America Rapid Application Development Platform Market by Vertical
- 10.1 North America BFSI Market by Country
- 10.2 North America IT & Telecommunications Market by Country
- 10.3 North America Government & Public Sector Market by Country
- 10.4 North America Retail & E-commerce Market by Country
- 10.5 North America Energy & Utilities Market by Country
- 10.6 North America Manufacturing Market by Country
- 10.7 North America Media & Entertainment Market by Country
- 10.8 North America Others Market by Country
Chapter 11. North America Rapid Application Development Platform Market by Country
- 11.1 US Rapid Application Development Platform Market
- 11.1.1 US Rapid Application Development Platform Market by Type
- 11.1.2 US Rapid Application Development Platform Market by Component
- 11.1.3 US Rapid Application Development Platform Market by Deployment
- 11.1.4 US Rapid Application Development Platform Market by Business Function
- 11.1.5 US Rapid Application Development Platform Market by Enterprise Size
- 11.1.6 US Rapid Application Development Platform Market by Vertical
- 11.2 Canada Rapid Application Development Platform Market
- 11.2.1 Canada Rapid Application Development Platform Market by Type
- 11.2.2 Canada Rapid Application Development Platform Market by Component
- 11.2.3 Canada Rapid Application Development Platform Market by Deployment
- 11.2.4 Canada Rapid Application Development Platform Market by Business Function
- 11.2.5 Canada Rapid Application Development Platform Market by Enterprise Size
- 11.2.6 Canada Rapid Application Development Platform Market by Vertical
- 11.3 Mexico Rapid Application Development Platform Market
- 11.3.1 Mexico Rapid Application Development Platform Market by Type
- 11.3.2 Mexico Rapid Application Development Platform Market by Component
- 11.3.3 Mexico Rapid Application Development Platform Market by Deployment
- 11.3.4 Mexico Rapid Application Development Platform Market by Business Function
- 11.3.5 Mexico Rapid Application Development Platform Market by Enterprise Size
- 11.3.6 Mexico Rapid Application Development Platform Market by Vertical
- 11.4 Rest of North America Rapid Application Development Platform Market
- 11.4.1 Rest of North America Rapid Application Development Platform Market by Type
- 11.4.2 Rest of North America Rapid Application Development Platform Market by Component
- 11.4.3 Rest of North America Rapid Application Development Platform Market by Deployment
- 11.4.4 Rest of North America Rapid Application Development Platform Market by Business Function
- 11.4.5 Rest of North America Rapid Application Development Platform Market by Enterprise Size
- 11.4.6 Rest of North America Rapid Application Development Platform Market by Vertical
Chapter 12. Company Profiles
- 12.1 Microsoft Corporation
- 12.1.1 Company Overview
- 12.1.2 Financial Analysis
- 12.1.3 Segmental and Regional Analysis
- 12.1.4 Research & Development Expenses
- 12.1.5 Recent strategies and developments:
- 12.1.5.1 Partnerships, Collaborations, and Agreements:
- 12.1.5.2 Product Launches and Product Expansions:
- 12.1.5.3 Mergers & Acquisitions:
- 12.1.6 SWOT Analysis
- 12.2 Salesforce, Inc.
- 12.2.1 Company Overview
- 12.2.2 Financial Analysis
- 12.2.3 Regional Analysis
- 12.2.4 Research & Development Expenses
- 12.2.5 Recent strategies and developments:
- 12.2.5.1 Partnerships, Collaborations, and Agreements:
- 12.2.5.2 Product Launches and Product Expansions:
- 12.2.6 SWOT Analysis
- 12.3 IBM Corporation
- 12.3.1 Company Overview
- 12.3.2 Financial Analysis
- 12.3.3 Regional & Segmental Analysis
- 12.3.4 Research & Development Expenses
- 12.3.5 SWOT Analysis
- 12.4 SAP SE
- 12.4.1 Company Overview
- 12.4.2 Financial Analysis
- 12.4.3 Regional Analysis
- 12.4.4 Research & Development Expense
- 12.4.5 Recent strategies and developments:
- 12.4.5.1 Acquisition and Mergers:
- 12.4.6 SWOT Analysis
- 12.5 Oracle Corporation
- 12.5.1 Company Overview
- 12.5.2 Financial Analysis
- 12.5.3 Segmental and Regional Analysis
- 12.5.4 Research & Development Expense
- 12.5.5 SWOT Analysis
- 12.6 Pegasystems, Inc.
- 12.6.1 Company Overview
- 12.6.2 Financial Analysis
- 12.6.3 Regional Analysis
- 12.6.4 Research & Development Expenses
- 12.6.5 Recent strategies and developments:
- 12.6.5.1 Product Launches and Product Expansions:
- 12.6.5.2 Acquisition and Mergers:
- 12.6.6 SWOT Analysis
- 12.7 ServiceNow, Inc.
- 12.7.1 Company Overview
- 12.7.2 Financial Analysis
- 12.7.3 Regional Analysis
- 12.7.4 Research & Development Expenses
- 12.7.5 Recent strategies and developments:
- 12.7.5.1 Product Launches and Product Expansions:
- 12.8 Siemens AG (Mendix)
- 12.8.1 Company Overview
- 12.8.2 Financial Analysis
- 12.8.3 Segmental and Regional Analysis
- 12.8.4 Research & Development Expense
- 12.8.5 Recent strategies and developments:
- 12.8.5.1 Partnerships, Collaborations, and Agreements:
- 12.8.5.2 Acquisition and Mergers:
- 12.8.6 SWOT Analysis
- 12.9 Appian Corporation
- 12.9.1 Company Overview
- 12.9.2 Financial Analysis
- 12.9.3 Regional Analysis
- 12.9.4 Research & Development Expense
- 12.9.5 Recent strategies and developments:
- 12.9.5.1 Partnerships, Collaborations, and Agreements:
- 12.9.5.2 Product Launches and Product Expansions:
- 12.9.5.3 Acquisition and Mergers:
- 12.10. Progress Software Corporation
- 12.10.1 Company Overview
- 12.10.2 Financial Analysis
- 12.10.3 Regional Analysis
- 12.10.4 SWOT Analysis
- 12.11 OutSystems
- 12.11.1 Company Overview
- 12.11.2 Recent strategies and developments:
- 12.11.2.1 Partnerships, Collaborations, and Agreements:
- 12.11.2.2 Product Launches and Product Expansions:
LIST OF TABLES
- TABLE 1 North America Rapid Application Development Platform Market, 2020 - 2023, USD Million
- TABLE 2 North America Rapid Application Development Platform Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Rapid Application Development Platform Market
- TABLE 4 Product Launches And Product Expansions- Rapid Application Development Platform Market
- TABLE 5 Acquisition and Mergers- Rapid Application Development Platform Market
- TABLE 6 North America Rapid Application Development Platform Market by Type, 2020 - 2023, USD Million
- TABLE 7 North America Rapid Application Development Platform Market by Type, 2024 - 2031, USD Million
- TABLE 8 North America Low-code Development Platforms Market by Region, 2020 - 2023, USD Million
- TABLE 9 North America Low-code Development Platforms Market by Region, 2024 - 2031, USD Million
- TABLE 10 North America No-code Development Platforms Market by Region, 2020 - 2023, USD Million
- TABLE 11 North America No-code Development Platforms Market by Region, 2024 - 2031, USD Million
- TABLE 12 North America Rapid Application Development Platform Market by Component, 2020 - 2023, USD Million
- TABLE 13 North America Rapid Application Development Platform Market by Component, 2024 - 2031, USD Million
- TABLE 14 North America Tools Market by Region, 2020 - 2023, USD Million
- TABLE 15 North America Tools Market by Region, 2024 - 2031, USD Million
- TABLE 16 North America Services Market by Region, 2020 - 2023, USD Million
- TABLE 17 North America Services Market by Region, 2024 - 2031, USD Million
- TABLE 18 North America Rapid Application Development Platform Market by Deployment, 2020 - 2023, USD Million
- TABLE 19 North America Rapid Application Development Platform Market by Deployment, 2024 - 2031, USD Million
- TABLE 20 North America Cloud Market by Country, 2020 - 2023, USD Million
- TABLE 21 North America Cloud Market by Country, 2024 - 2031, USD Million
- TABLE 22 North America On-premise Market by Country, 2020 - 2023, USD Million
- TABLE 23 North America On-premise Market by Country, 2024 - 2031, USD Million
- TABLE 24 North America Rapid Application Development Platform Market by Business Function, 2020 - 2023, USD Million
- TABLE 25 North America Rapid Application Development Platform Market by Business Function, 2024 - 2031, USD Million
- TABLE 26 North America IT Market by Country, 2020 - 2023, USD Million
- TABLE 27 North America IT Market by Country, 2024 - 2031, USD Million
- TABLE 28 North America Sales & Marketing Market by Country, 2020 - 2023, USD Million
- TABLE 29 North America Sales & Marketing Market by Country, 2024 - 2031, USD Million
- TABLE 30 North America Finance Market by Country, 2020 - 2023, USD Million
- TABLE 31 North America Finance Market by Country, 2024 - 2031, USD Million
- TABLE 32 North America HR & Operations Market by Country, 2020 - 2023, USD Million
- TABLE 33 North America HR & Operations Market by Country, 2024 - 2031, USD Million
- TABLE 34 North America Rapid Application Development Platform Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 35 North America Rapid Application Development Platform Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 36 North America Large Enterprises Market by Country, 2020 - 2023, USD Million
- TABLE 37 North America Large Enterprises Market by Country, 2024 - 2031, USD Million
- TABLE 38 North America Small & Medium Enterprises (SMEs) Market by Country, 2020 - 2023, USD Million
- TABLE 39 North America Small & Medium Enterprises (SMEs) Market by Country, 2024 - 2031, USD Million
- TABLE 40 North America Rapid Application Development Platform Market by Vertical, 2020 - 2023, USD Million
- TABLE 41 North America Rapid Application Development Platform Market by Vertical, 2024 - 2031, USD Million
- TABLE 42 North America BFSI Market by Country, 2020 - 2023, USD Million
- TABLE 43 North America BFSI Market by Country, 2024 - 2031, USD Million
- TABLE 44 North America IT & Telecommunications Market by Country, 2020 - 2023, USD Million
- TABLE 45 North America IT & Telecommunications Market by Country, 2024 - 2031, USD Million
- TABLE 46 North America Government & Public Sector Market by Country, 2020 - 2023, USD Million
- TABLE 47 North America Government & Public Sector Market by Country, 2024 - 2031, USD Million
- TABLE 48 North America Retail & E-commerce Market by Country, 2020 - 2023, USD Million
- TABLE 49 North America Retail & E-commerce Market by Country, 2024 - 2031, USD Million
- TABLE 50 North America Energy & Utilities Market by Country, 2020 - 2023, USD Million
- TABLE 51 North America Energy & Utilities Market by Country, 2024 - 2031, USD Million
- TABLE 52 North America Manufacturing Market by Country, 2020 - 2023, USD Million
- TABLE 53 North America Manufacturing Market by Country, 2024 - 2031, USD Million
- TABLE 54 North America Media & Entertainment Market by Country, 2020 - 2023, USD Million
- TABLE 55 North America Media & Entertainment Market by Country, 2024 - 2031, USD Million
- TABLE 56 North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 57 North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 58 North America Rapid Application Development Platform Market by Country, 2020 - 2023, USD Million
- TABLE 59 North America Rapid Application Development Platform Market by Country, 2024 - 2031, USD Million
- TABLE 60 US Rapid Application Development Platform Market, 2020 - 2023, USD Million
- TABLE 61 US Rapid Application Development Platform Market, 2024 - 2031, USD Million
- TABLE 62 US Rapid Application Development Platform Market by Type, 2020 - 2023, USD Million
- TABLE 63 US Rapid Application Development Platform Market by Type, 2024 - 2031, USD Million
- TABLE 64 US Rapid Application Development Platform Market by Component, 2020 - 2023, USD Million
- TABLE 65 US Rapid Application Development Platform Market by Component, 2024 - 2031, USD Million
- TABLE 66 US Rapid Application Development Platform Market by Deployment, 2020 - 2023, USD Million
- TABLE 67 US Rapid Application Development Platform Market by Deployment, 2024 - 2031, USD Million
- TABLE 68 US Rapid Application Development Platform Market by Business Function, 2020 - 2023, USD Million
- TABLE 69 US Rapid Application Development Platform Market by Business Function, 2024 - 2031, USD Million
- TABLE 70 US Rapid Application Development Platform Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 71 US Rapid Application Development Platform Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 72 US Rapid Application Development Platform Market by Vertical, 2020 - 2023, USD Million
- TABLE 73 US Rapid Application Development Platform Market by Vertical, 2024 - 2031, USD Million
- TABLE 74 Canada Rapid Application Development Platform Market, 2020 - 2023, USD Million
- TABLE 75 Canada Rapid Application Development Platform Market, 2024 - 2031, USD Million
- TABLE 76 Canada Rapid Application Development Platform Market by Type, 2020 - 2023, USD Million
- TABLE 77 Canada Rapid Application Development Platform Market by Type, 2024 - 2031, USD Million
- TABLE 78 Canada Rapid Application Development Platform Market by Component, 2020 - 2023, USD Million
- TABLE 79 Canada Rapid Application Development Platform Market by Component, 2024 - 2031, USD Million
- TABLE 80 Canada Rapid Application Development Platform Market by Deployment, 2020 - 2023, USD Million
- TABLE 81 Canada Rapid Application Development Platform Market by Deployment, 2024 - 2031, USD Million
- TABLE 82 Canada Rapid Application Development Platform Market by Business Function, 2020 - 2023, USD Million
- TABLE 83 Canada Rapid Application Development Platform Market by Business Function, 2024 - 2031, USD Million
- TABLE 84 Canada Rapid Application Development Platform Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 85 Canada Rapid Application Development Platform Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 86 Canada Rapid Application Development Platform Market by Vertical, 2020 - 2023, USD Million
- TABLE 87 Canada Rapid Application Development Platform Market by Vertical, 2024 - 2031, USD Million
- TABLE 88 Mexico Rapid Application Development Platform Market, 2020 - 2023, USD Million
- TABLE 89 Mexico Rapid Application Development Platform Market, 2024 - 2031, USD Million
- TABLE 90 Mexico Rapid Application Development Platform Market by Type, 2020 - 2023, USD Million
- TABLE 91 Mexico Rapid Application Development Platform Market by Type, 2024 - 2031, USD Million
- TABLE 92 Mexico Rapid Application Development Platform Market by Component, 2020 - 2023, USD Million
- TABLE 93 Mexico Rapid Application Development Platform Market by Component, 2024 - 2031, USD Million
- TABLE 94 Mexico Rapid Application Development Platform Market by Deployment, 2020 - 2023, USD Million
- TABLE 95 Mexico Rapid Application Development Platform Market by Deployment, 2024 - 2031, USD Million
- TABLE 96 Mexico Rapid Application Development Platform Market by Business Function, 2020 - 2023, USD Million
- TABLE 97 Mexico Rapid Application Development Platform Market by Business Function, 2024 - 2031, USD Million
- TABLE 98 Mexico Rapid Application Development Platform Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 99 Mexico Rapid Application Development Platform Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 100 Mexico Rapid Application Development Platform Market by Vertical, 2020 - 2023, USD Million
- TABLE 101 Mexico Rapid Application Development Platform Market by Vertical, 2024 - 2031, USD Million
- TABLE 102 Rest of North America Rapid Application Development Platform Market, 2020 - 2023, USD Million
- TABLE 103 Rest of North America Rapid Application Development Platform Market, 2024 - 2031, USD Million
- TABLE 104 Rest of North America Rapid Application Development Platform Market by Type, 2020 - 2023, USD Million
- TABLE 105 Rest of North America Rapid Application Development Platform Market by Type, 2024 - 2031, USD Million
- TABLE 106 Rest of North America Rapid Application Development Platform Market by Component, 2020 - 2023, USD Million
- TABLE 107 Rest of North America Rapid Application Development Platform Market by Component, 2024 - 2031, USD Million
- TABLE 108 Rest of North America Rapid Application Development Platform Market by Deployment, 2020 - 2023, USD Million
- TABLE 109 Rest of North America Rapid Application Development Platform Market by Deployment, 2024 - 2031, USD Million
- TABLE 110 Rest of North America Rapid Application Development Platform Market by Business Function, 2020 - 2023, USD Million
- TABLE 111 Rest of North America Rapid Application Development Platform Market by Business Function, 2024 - 2031, USD Million
- TABLE 112 Rest of North America Rapid Application Development Platform Market by Enterprise Size, 2020 - 2023, USD Million
- TABLE 113 Rest of North America Rapid Application Development Platform Market by Enterprise Size, 2024 - 2031, USD Million
- TABLE 114 Rest of North America Rapid Application Development Platform Market by Vertical, 2020 - 2023, USD Million
- TABLE 115 Rest of North America Rapid Application Development Platform Market by Vertical, 2024 - 2031, USD Million
- TABLE 116 Key Information - Microsoft Corporation
- TABLE 117 Key Information - Salesforce, Inc.
- TABLE 118 Key Information - IBM Corporation
- TABLE 119 Key Information - SAP SE
- TABLE 120 Key Information - Oracle Corporation
- TABLE 121 Key Information - Pegasystems Inc.
- TABLE 122 Key Information - ServiceNow, Inc.
- TABLE 123 Key Information - Siemens AG
- TABLE 124 key information - Appian Corporation
- TABLE 125 Key Information - Progress Software Corporation
- TABLE 126 Key Information - OutSystems
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