Application Development Software Market is anticipated to reach USD 733.5 billion by 2028
Application Development Software Industry Overview The global application development software market size was valued at USD 131.4 billion in 2020 and is projected to expand at a compound annual growth rate (CAGR) of 24.3% from 2021 to 2028. The increasing demand for various software applications to speed up and simplify business operations using advanced IoT technology and cloud-based solutions is expected to support the market growth over the forecast period. The demand for application development software is anticipated to gain steady traction over the coming years owing to the need for scalable and customized software. Due to the COVID-19 pandemic, increasing health awareness among individuals has directed various doctors and health workers to deliver their services over applications. This factor is anticipated to contribute to market growth. Gather more insights about the market drivers, restrains and growth of the Global Application Development Sof...