Composable Applications Global Market Report 2024

Description

Composable applications are software systems designed to be modular and easily reconfigurable. They use discrete, interchangeable components or services that can be combined or replaced as needed, offering flexible and scalable solutions tailored to specific business requirements. This approach facilitates faster development, simpler maintenance, and adaptability to evolving needs.

The main types of composable application offerings are platforms and services. A composable applications platform is a software environment that enables businesses to build, customize, and deploy applications by assembling pre-built, modular components. These applications are utilized by large enterprises, medium enterprises, and small enterprises across various sectors, including banking, financial services, and insurance (BFSI), retail and e-commerce, government, healthcare and life sciences, manufacturing, information technology (IT) and information technology-enabled services (ITES), energy and utilities, among others.

The composable applications market research report is one of a series of new reports from The Business Research Company that provides composable applications market statistics, including composable applications industry global market size, regional shares, competitors with a composable applications market share, detailed composable applications market segments, market trends and opportunities, and any further data you may need to thrive in the composable applications industry. This composable applications market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The composable applications market size has grown exponentially in recent years. It will grow from $5.54 billion in 2023 to $6.69 billion in 2024 at a compound annual growth rate (CAGR) of 20.6%. The growth during the historic period can be attributed to digital transformation initiatives, the rise of microservices, increasing demand for customization, a focus on enhancing user experience, and advancements in development tools.

The composable applications market size is expected to see exponential growth in the next few years. It will grow to $14.21 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%. The projected growth during the forecast period can be attributed to the increased adoption of cloud-native technologies, the expansion of edge computing, rising demand for omnichannel solutions, heightened security and compliance requirements, and the growing popularity of low-code platforms. Key trends expected include the greater adoption of composable infrastructure, the expansion of composable enterprise architectures, the growth of hybrid and multi-cloud environments, the rise of automated application composition, and integration with emerging technologies.

The anticipated growth of the composable applications market is likely to be driven by the rise of digital transformation initiatives. These initiatives involve organizations using technology to significantly enhance processes, customer experiences, and business models. The push for digital transformation stems from the need to improve operational efficiency, adapt to technological changes, and meet evolving customer expectations. It supports the adoption of composable applications by facilitating modular, flexible architectures that can adjust to changing business needs and promote innovation. For example, in May 2023, a report from the European Investment Bank, a Luxembourg-based EU financial institution, revealed that in 2022, 42% of European companies increased their investment in digitalization, up by 9 percentage points from 2021. Meanwhile, 50% of firms in the United States also pursued additional digitalization investments during the same period. Thus, the growth of digital transformation initiatives is fueling the expansion of the composable applications market.

Leading companies in the composable applications market are concentrating on developing innovative solutions, such as digital commerce platforms, to gain a competitive advantage. A digital commerce solution is a technology platform that facilitates online buying and selling transactions, including product catalog management, payment processing, and customer experience delivery. For instance, in August 2022, Salesforce Inc., a US-based software company, introduced the Composable Storefront, a digital commerce solution. This modular, headless commerce platform enables businesses to customize and quickly deploy digital storefronts using pre-built, API-driven components. It integrates seamlessly with Salesforce's broader ecosystem, offering personalized customer experiences and scalable growth with enhanced flexibility and speed in adapting to market changes.

In January 2023, Microsoft Corporation, a US-based software company, acquired Fungible Inc. for an undisclosed amount. This acquisition enhances Microsoft's infrastructure, allowing for more efficient data management, better scalability, and reduced latency for its cloud services. Fungible Inc. is a US-based provider of composable applications.

Major players in the composable applications market are Amazon.com Inc., Microsoft Corporation Inc., Dell Technologies Inc., International Business Machines Corporation (IBM), Cisco Systems Inc., Oracle Corporation, SAP SE, Salesforce Inc., Adobe Inc., VMware Inc., Elastic NV, OutSystems, Appian Corporation, TIBCO Software Inc., Mendix Technology B.V., Workato Inc., Sage IT Inc., Kong Inc., SnapLogic Inc., and Amzur Technologies Inc.

North America was the largest region in the composable applications market in 2023. The regions covered in composable applications report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the composable applications market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The composable applications market includes revenues earned by entities by providing services such as application integration, microservices development, cloud services, data management, consulting and strategy, monitoring and analytics, support, and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Composable Applications Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on composable applications market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for composable applications? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The composable applications market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered: 1) By Offering: Platform; Service
2) By Enterprise Size: Large Enterprises; Medium Enterprises; Small Enterprises
3) By Vertical: Banking Financial Services And Insurance (BFSI); Retail And E-commerce; Government; Healthcare And life sciences; Manufacturing; Information Technology (IT) And Information Technology Enabled Services (ITeS); Energy And Utilities; Other Verticals
Companies Mentioned: Amazon.com Inc.; Microsoft Corporation Inc.; Dell Technologies Inc.; International Business Machines Corporation (IBM); Cisco Systems Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r19839

1. Executive Summary

2. Composable Applications Market Characteristics

3. Composable Applications Market Trends And Strategies

4. Composable Applications Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Composable Applications Market Size and Growth

5.1. Global Composable Applications Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Composable Applications Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Composable Applications Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Composable Applications Market Segmentation

6.1. Global Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Platform
Service
6.2. Global Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Large Enterprises
Medium Enterprises
Small Enterprises
6.3. Global Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Banking Financial Services And Insurance (BFSI)
Retail And E-commerce
Government
Healthcare And life sciences
Manufacturing
Information Technology (IT) And Information Technology Enabled Services(ITeS)
Energy And Utilities
Other Verticals

7. Composable Applications Market Regional And Country Analysis

7.1. Global Composable Applications Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Composable Applications Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Composable Applications Market

8.1. Asia-Pacific Composable Applications Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Composable Applications Market

9.1. China Composable Applications Market Overview
9.2. China Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Composable Applications Market

10.1. India Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Composable Applications Market

11.1. Japan Composable Applications Market Overview
11.2. Japan Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Composable Applications Market

12.1. Australia Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Composable Applications Market

13.1. Indonesia Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Composable Applications Market

14.1. South Korea Composable Applications Market Overview
14.2. South Korea Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Composable Applications Market

15.1. Western Europe Composable Applications Market Overview
15.2. Western Europe Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Composable Applications Market

16.1. UK Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Composable Applications Market

17.1. Germany Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Composable Applications Market

18.1. France Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Composable Applications Market

19.1. Italy Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Composable Applications Market

20.1. Spain Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Composable Applications Market

21.1. Eastern Europe Composable Applications Market Overview
21.2. Eastern Europe Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Composable Applications Market

22.1. Russia Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Composable Applications Market

23.1. North America Composable Applications Market Overview
23.2. North America Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Composable Applications Market

24.1. USA Composable Applications Market Overview
24.2. USA Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Composable Applications Market

25.1. Canada Composable Applications Market Overview
25.2. Canada Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Composable Applications Market

26.1. South America Composable Applications Market Overview
26.2. South America Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Composable Applications Market

27.1. Brazil Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Composable Applications Market

28.1. Middle East Composable Applications Market Overview
28.2. Middle East Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Composable Applications Market

29.1. Africa Composable Applications Market Overview
29.2. Africa Composable Applications Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Composable Applications Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Composable Applications Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Composable Applications Market Competitive Landscape And Company Profiles

30.1. Composable Applications Market Competitive Landscape
30.2. Composable Applications Market Company Profiles
- 30.2.1. Amazon.com Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Microsoft Corporation Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Dell Technologies Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. International Business Machines Corporation (IBM)
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Cisco Systems Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Composable Applications Market Other Major And Innovative Companies

31.1. Oracle Corporation
31.2. SAP SE
31.3. Salesforce Inc.
31.4. Adobe Inc.
31.5. VMware Inc.
31.6. Elastic NV
31.7. OutSystems
31.8. Appian Corporation
31.9. TIBCO Software Inc.
31.10. Mendix Technology B.V.
31.11. Workato Inc.
31.12. Sage IT Inc.
31.13. Kong Inc.
31.14. SnapLogic Inc.
31.15. Amzur Technologies Inc.

32. Global Composable Applications Market Competitive Benchmarking

33. Global Composable Applications Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Composable Applications Market

35. Composable Applications Market Future Outlook and Potential Analysis

35.1 Composable Applications Market In 2028 - Countries Offering Most New Opportunities
35.2 Composable Applications Market In 2028 - Segments Offering Most New Opportunities
35.3 Composable Applications Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer