Also, rapid technological developments, policy support, and economic digitization are among the factors that contribute to the transformation of economies in this area from the rising stage to the advanced stage. Further, the growing digital transformation in the IT and telecom sector, increased responsiveness of the market, and escalating need for flexibility and scalability are the key factors generating ample growth opportunities for companies offering drag and drop app builder software to small as well as large enterprises, for the usage on smartphones and tablets, among other mobile devices.
The rapid pace of digital transformation has enabled companies to meet consumer needs quickly. Moreover, the drag and drop app building platforms allow developers to create customized apps without coding requirements or with minimal hand coding, thereby helping them to accelerate the development of high-quality products, unlike the conventional life cycle of software development (SDLC). To gain a competitive advantage over their competitors, conventional players are deploying cutting-edge technologies and coming up with innovative ideas, to be successful in a long run. Digitalization is the use of digital technology to transform the business model and to create new revenue and value-added opportunities it is the process of shifting to a digital business.
Growing digital innovations in IT sector is the major factor driving the APAC drag & drop app builder software market. The drag & drop app builder software market in APAC is expected to grow from US$ 188.23 million in 2019 to US$ 308.85 million by 2027 it is estimated to grow at a CAGR of 6.4% from 2020 to 2027.Īustralia, China, India, Japan, and South Korea are major economies in APAC.
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