How Is The Global App Builder Software Market Defined?
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.
App Builder Software Global Market Report 2024 provides data on the global app builder software market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The App Builder Software market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global App Builder Software Market Size Expected To Change, And What Are The Growth Rate Projections?
The app builder software market size has grown rapidly in recent years. It will grow from $2.81 billion in 2023 to $3.26 billion in 2024 at a compound annual growth rate (CAGR) of 16.0%. The growth in the historic period can be attributed to the rise of mobile app usage, shortage of skilled developers, demand for rapid prototyping, empowerment of citizen developers, and expansion of the app economy. The app builder software market size is expected to see rapid growth in the next few years. It will grow to $5.94 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to the expansion of the Internet of Things (IoT), focus on digital transformation, demand for customization and personalization, shift towards remote work and collaboration, and increasing mobile app usage. Major trends in the forecast period include the rise of no-code or low-code platforms, integration of AI and machine learning, expansion of cross-platform development, augmented reality (AR) and virtual reality (VR) support, and localization and internationalization.
Which Drivers Are Accelerating Growth In The App Builder Software Market?
The increasing prevalence of mobile devices is expected to propel the growth of the app builder software market going forward. Mobile devices refer to portable electronic gadgets designed for wireless communication and computing on the go, typically including smartphones, tablets, and wearables. The increasing prevalence of mobile devices is driven by advancements in technology, accessibility, smartphone affordability, and the growing demand for connectivity and convenience. App builder software provides a platform for users to access and interact with the software on the go. App builder software often offers mobile applications or mobile-responsive web interfaces, allowing users to create and manage their apps directly from their smartphones or tablets. For instance, in February 2024, according to a report published by Uswitch Limited, a UK-based price comparison service, there were 71.8 million mobile connections in the UK, surpassing the country's population by 4.2 million. This marked a 3.8% increase from 2021, equivalent to approximately 2.6 million more connections. It's anticipated that by 2025, 95% of the UK's 68.3 million residents will be using smartphones. Therefore, the increasing prevalence of mobile devices is driving the growth of the app builder software market.
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What Are The Core Segments Of The Global App Builder Software Market?
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
Which Emerging Trends Are Reshaping The App Builder Software Market Size?
Major companies in the app builder software market are concentrating on creating innovative solutions, such as no-code app builders, to cater to the increasing demand for customizable and user-friendly application development tools. A no-code app builder is software that enables users to create mobile applications without requiring traditional programming skills. For example, in August 2021, Wix.com Ltd., a software company based in Israel, introduced the Branded App By Wix, a no-code app builder that simplifies the creation of native apps without coding. Known for its intuitive drag-and-drop website builder, Wix has extended its user-friendly approach to app development, enabling individuals and businesses to easily enhance their online presence. As a result, the focus on no-code app builders is driving growth in the app builder software market, with market sizes expected to reach $M billion in 2023, $N billion in 2024, and $O billion in 2028.
What Is The Largest Region In 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.
