Application Development Software Market To Reach $862.67 Billion By 2030

Application Development Software Market Growth & Trends

The global application development software market size is estimated to reach USD 862.67 billion by 2030, registering to grow at a CAGR of 22.8% from 2025 to 2030 according to a new report by Grand View Research, Inc. The growing trend of cloud-based solutions, coupled with an increase in the usage of the Internet of Things (IoT) technology, is anticipated to propel the market over the forecast period. Furthermore, a surge in the demand for advanced applications to improve work efficiency, resolve various business issues, and streamline business and operations due to digitalization is expected to support the market growth over the forecast period.

Low-code development platforms are being deployed to enable rapid production and adoption of functional software to meet the unique processes and data needs of various small and medium enterprises and large enterprises. The revolution of microcomputers has allowed mass integration of business operations using several customized software, as business segments have circulated required devices widely around their employees’ centers. This has allowed software developers to design and develop tailored systems to cater to the needs of organizations.

Several factors such as a strong ecosystem designed and developed for DevOps and Agile practices, rise in the demand for digitization, and a growing need for quick scalability and customization are driving the adoption of application development software, thereby supporting the market growth.

The increasing spread of the COVID-19 virus has negatively impacted market growth. Lockdown restrictions imposed by various governments have led to a temporary closure of business operations in multiple sectors such as media and entertainment and travel and tourism. Employees in the IT and telecom industry have been directed to adopt the work from home model. This has led to a significant decline in the adoption of technological advancements in the existing business systems. However, with the ease of the lockdown restrictions and resumption of business operations, the market is anticipated to witness significant growth over the forecast period.

The prominent players that dominated the market for application development software globally in 2020 include Oracle Corporation; Salesforce.com Inc.; Zoho Corporation; Fujitsu Ltd.; and HCL Technologies. These players majorly focus on new products, applications, and service launches to enhance their business operations. In June 2021, HCL Technologies announced the launch of Domino. Domino is the company’s secure enterprise application development platform. The launch assisted HCL Technologies in expanding its service offerings to various enterprises.

 Request a free sample copy or view report summary: Application Development Software Market Report

Application Development Software Market Report Highlights

• In terms of type, low-code development platforms accounted for a leading revenue share in 2024 on account of their increasing popularity due to their ability to simplify software development.

• The large enterprise segment accounted for a leading revenue share in the overall market in 2024. Large enterprises often require robust application development software to handle complex projects, integrate with existing systems, and support large teams.

• The cloud segment accounted for a dominant revenue share in the global market in 2024 and is further expected to advance at the fastest CAGR during the forecast period.

• The BFSI segment accounted for the largest revenue share in the global market in 2024, owing to the rapid pace of digital transformations undertaken by BFSI institutions to enhance customer experience, streamline operations, and remain competitive.

Application Development Software Market Segmentation

Grand View Research has segmented the global application development software market based on type, organization size, deployment, end-use, and region:

Application Development Software Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Low-code Development Platforms

• No-code Development Platforms

Application Development Software Organization Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Small & Medium Enterprises

• Large Enterprises

Application Development Software Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Cloud

• On-premise

Application Development Software End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI

• Media & Entertainment

• IT & Telecom

• Healthcare

• Travel & Tourism

• Others

Application Development Software Regional Outlook (Revenue, USD Billion, 2018 - 2030) 

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • Japan

  • India

  • China

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in Application Development Software Market

• Fujitsu

• HCL Technologies Limited

• IBM

• Microsoft

• Oracle

• Salesforce, Inc.

• SAP SE

• ServiceNow

• Wipro

• Zoho Corporation Pvt. Ltd.