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What CAGR is Anticipated for the App Builder Software Market During the Forecast Period, and Why?

In recent times, there has been a swift expansion in the market size of app builder software. This growth is expected to rise from $3.26 billion in 2024 to $3.79 billion in 2025, with a compound annual growth rate (CAGR) of 16.2%. The historical growth can largely be linked to factors such as increased use of mobile applications, lack of proficient developers, rising demand for quick prototype development, the empowering of citizen developers, and the growing app economy.

The market size of app builder software is set for a noteworthy surge in the coming years. It’s anticipated to swell to $6.89 billion by 2029, registering a compound annual growth rate (CAGR) of 16.1%. This significant growth in the forecast period can be credited to factors like the expanding IoT sector, increasing focus on digital transformation, need for customization and personalization, a shift towards remote work and collaboration, and escalating mobile app utilization. Major trends noticed in the forecast period comprise of the emergence of no-code or low-code platforms, integration of artificial intelligence and machine learning, cross-platform development expansion, support for augmented reality (AR) and virtual reality (VR), and localization and internationalization.

Which Major Market Drivers Are Expected to Boost the App Builder Software Market’s Growth Potential?

The proliferation of mobile devices is predicted to spur the expansion of the app builder software market. These gadgets, which include smartphones, tablets, and wearables, are designed for cordless communication and computing, enabling users to interact with the software on the move. This surge in mobile devices uptake can be attributed to technological advancements, accessibility, affordability of smartphones, and the increasing necessity for connectivity and convenience. Application builder software usually provides mobile apps or mobile-responsive web interfaces, enabling users to design and administer their apps directly from their mobile devices. For example, nearly every UK adult aged 16-24 (98%) had a smartphone in February 2024, as reported by Uswitch, a UK-based online comparison and switching service firm. The UK population is projected to reach 68.3 million by 2025, with approximately 95% (about 65 million people) expected to be smartphone users. As a result, the proliferation of mobile devices is fuelling the expansion of the app builder software market.

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Which Companies Are Poised to Shape the Future of the App Builder Software Market?

Major companies operating in the app builder software market are:

• Pegasystems Inc._x000D_

• Zoho Corporation Pvt. Ltd._x000D_

• Appian Corporation_x000D_

• OutSystems_x000D_

• Quick Base Inc._x000D_

What Are the Latest Innovations and Trends Influencing the App Builder Software Market?

Key players in the app builder software market are focusing on creating inventive technology like substantial support for digital signatures. This technology aims to boost security, improve the efficiency of workflows, and enhance user experience in document management and transactions. A solid support for digital signatures involves the application of secure, cryptographic procedures that confirm the identity of signers and safeguard the integrity of signed documents. For instance, in May 2024, Israel-based Web development company, Wix.com Ltd. rolled out Wix Proposals, a progressive feature facilitated by the Prospero platform, aimed at refining how companies handle long-term financial engagements. Wix Proposals meshes smoothly into the Wix dashboard, allowing users to generate, customize, and finalize professional proposals without having to switch platforms. The collaboration with Prospero boosts the functionality by offering a substantial assortment of features unique to various business requirements.

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How Are the Key Segments of the App Builder Software Market Impacting Its Expansion and Revenue Streams?

The app builder software market covered in this report is segmented –

1) By Product: Cloud-Based, On-Premises

2) By Type: Low-Code Development Platforms, No-Code Development Platforms

3) By Application: Personal Use, Commercial Use, Other Applications

Subsegments:

1) By Cloud-Based: Saas (Software As A Service) App Builders, Low-Code/No-Code Platforms, Cloud-Based Mobile App Development Platforms, Cloud-Based Web App Development Platforms

2) By On-premises: Self-Hosted App Builder Solutions, Customizable On-Premises Development Platforms, Enterprise App Builder Software (On-premises)

What Regions Are Contributing Significantly to the Growth of the App Builder Software Market?

North America was the largest region in the app builder software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the app builder software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Key Elements Shape the Definition of the App Builder Software Market?

App builder software refers to a digital tool or platform that enables users to create mobile applications without coding expertise, enabling rapid prototyping, cost-effective development, cross-platform compatibility, and iterative improvements based on user feedback. The goal of app builder software is to democratize the app creation process, allowing individuals and organizations to easily and affordably construct mobile apps that are suited to their specific requirements.

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