What Fueled The Previous Growth In The Composable Applications Market?
The composable applications market has seen considerable growth due to a variety of factors.
• The composable applications market has grown rapidly in recent years. It is projected to rise from $6.69 billion in 2024 to $8.09 billion in 2025, with a compound annual growth rate (CAGR) of 20.9%.
Factors driving this growth include digital transformation, the rise of microservices, increased demand for customization, a focus on user experience, and innovation in development tools.
What Can Be Expected from the Composable Applications Market Size?
The composable applications market is expected to maintain its strong growth trajectory in upcoming years.
• The composable applications market is projected to grow to $17.13 billion by 2029, at a CAGR of 20.6%.
This growth is driven by the adoption of cloud-native technologies, edge computing, demand for omnichannel solutions, and rising security and compliance needs. Trends include composable infrastructure adoption, hybrid and multi-cloud environments, automated application composition, and integration with emerging technologies.
What Are the Critical Driver Fuelling The Composable Applications Market's Growth?
The rise in digital transformation initiatives is expected to boost the growth of the composable applications market. Digital transformation is driving the adoption of composable applications, which offer modular and flexible solutions for evolving business needs. For example, in May 2023, the European Investment Bank reported that 42% of European firms invested in digitalization in 2022, up 9% from the previous year, contributing to the growth of composable applications.
How Is The Composable Applications Market segmented?
The composable applications market covered in this report is segmented –
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
Subsegments:
1) By Platform: Composable Application Platforms, Modular Architecture Platforms, Low-Code Or No-Code Platforms
2) By Service: Implementation Services, Integration Services, Consulting Services, Support And Maintenance Services
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How Are New Trends Impacting The Size Of The Composable Applications Market?
Companies in the composable applications market are developing digital commerce solutions to maintain a competitive edge. A digital commerce solution allows businesses to manage online buying and selling, including product catalogs, payment processing, and customer experiences. For instance, in August 2022, Salesforce Inc., a US-based software company, launched the Composable Storefront. This modular, headless commerce solution enables businesses to rapidly customize and deploy digital storefronts using pre-built API-driven components, allowing for faster adaptation and personalized customer experiences.
Who Are the Key Players In The Composable Applications Market?
Major companies operating 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.
What Is The Most Dominant Region In The Composable Applications Market?
North America was the largest region in the composable applications market in 2024. The regions covered in composable applications report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
