Demand For Cloud-Based Custom Built Application Services Will Surge At 21% CAGR Owing To The Rising Trend Of Pay-As-You-Go Models| Fact.Mr Study

According to Fact.MR, purpose built application market revenue totaled US$ 140.6 Bn in 2020, with the market expected to balloon over 8X by 2031.

Demand for cloud-based custom built application services will accelerate and enjoy 6.6X growth with an absolute dollar opportunity of US$ 687 Bn by 2031. SaaS-based solutions is the largest contributor to the industry, expected to surge at 21% CAGR owing to the rising trend of pay-as-you-go models.

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Prominent Key players of the Purpose-Built Application market survey report:

• Cognizant
• IBM
• HCL Technologies Limited
• Accenture
• Infosys
• Oracle
• Microsoft
• Appian
• Zoho Corporation Pvt. Ltd.
• Pegasystems Inc.
• Capgemini
• TechFabric LLC

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Segments Covered in Purpose-Built App Industry Research

• By Solution

  • SaaS-based Applications
    • Mobile Applications
    • Desktop Applications
  • Web-based Applications

• By Deployment

  • Cloud-based Services
  • On-premise Services

• By Industry Vertical

  • BFSI
  • IT & Telecom
  • Automotive
  • Logistics & Transportation
  • Energy & Power
  • Oil & gas
  • Retail
  • Travel & Hospitality
  • Chemicals & Petrochemicals
  • Academics & Research
  • Entertainment Industry
  • Metal & Mining
  • Food & Beverages
  • Aerospace & Defence
  • Electronics & Semiconductors
  • Others

• By Enterprise Size

  • Small & Medium Enterprises
  • Large Enterprises

The insights for each vendor consists of:

• Company profile
• SWOT analysis
• Main market information
• Market share
• Revenue, pricing and gross margin

What insights does the Purpose-Built Application Market report provide to the readers?

• Purpose-Built Application fragmentation on the basis of product type, end use, and region.
• Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
• Collaborations, R&D projects, acquisitions, and product launches of each Purpose-Built Application player.
• Various regulations imposed by the governments on the consumption of Purpose-Built Application in detail.
• Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Purpose-Built Application.

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The report covers following Purpose-Built Application Market insights and assessment that are helpful for all participants involved in the Purpose-Built Application market:

• Data on recently introduced regulations and their impact on key industries and on demand in Purpose-Built Application
• Latest industry Analysis on Purpose-Built Application Market, with key analysis of market drivers, trends, and influencing factors
• Key trends Analysis of Purpose-Built Application Market and changing consumer preferences in major industries.
• Changing Purpose-Built Application demand and consumption of diverse products
• Major trends underlining funding by key investors in numerous countries
• New investment opportunities in diverse technology and product or service types
• Comprehensive data and Competitive analysis of Purpose-Built Application major players
• Purpose-Built Application Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
• Purpose-Built Application demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Questionnaire answered in the Purpose-Built Application Market report include:

• How the market for Purpose-Built Application has grown?
• What is the present and future outlook of the global Purpose-Built Application on the basis of region?
• What are the challenges and opportunities for the Purpose-Built Application?
• Why the consumption of Purpose-Built Application highest in region?
• In which year segment is expected to overtake segment?

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