Market Introduction
The presence of developing economies—such as India, South Korea, Malaysia, Indonesia, China, and Taiwan—makes Asia a developing continent. Stable economies and technological advancements support a diversified range of industries and markets in the region. Asia is well known for its technological innovations taking place in the countries above. Rapid developments, owing to technologies, initiatives from governments, and the digitalization of economies, are among the factors propelling the region's overall economic growth and driving it from a developing to a developed phase. The region is characterized by vast industrialization, large population, rise in per capita GDP, and emerging economies. Further, small and medium-sized enterprises operating in the sector are expected to drive the market, mainly due to growing affordability of cloud-based solutions. Moreover, small and medium-sized businesses are looking to save on running costs, as even untrained professionals can build applications cost-effectively with drag & drop app builder software.
Owing to decreasing prices of computer electronics and smartphones, coupled with growing penetration of broadband and wireless internet connection, the region is experiencing a digital revolution. Several industries, such as E-commerce, logistics, and media and entertainment, have witnessed exponential growth over the past 4–5 years. For instance, e-commerce players—such as Alibaba, Amazon, Flipkart, JD.com, and Meituan-Dianping—and many SMEs have been significantly benefited by penetration of the internet. Further, the strong emphasis on digitization by financial, retail, automotive, manufacturing, food & beverages industries across the region is anticipated to fuel the market. Additionally, increasing number of bloggers and SMEs in this region is expected to drive the drag & drop app builder software market in APAC.
APAC region is characterized by the presence of many developing countries, positive economic outlook, high industrial presence, huge population, and rising disposable income. Owing to these conditions, APAC a holds significant growth potential for drag and drop app builder software vendors. The large number of smartphone users, wide use of connected devices, and rapid growth in the e-commerce industry present huge opportunities for the market growth. In addition, APAC is an also a manufacturing hub with countries such as China, Japan, South Korea, and India leading the manufacturing sector. However, the COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries of this region. The governments of various countries of this region are taking drastic measures to reduce the adverse impact of the outbreak by announcing lockdowns, and travel and trade bans. All these measures are limiting the development and adoption of drag and drop app builder software, especially in the retail and e-commerce sector.
Market Overview and Dynamics
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. The number of internet users in the APAC has risen due to decreased prices of computers and smartphones, and internet subscriptions. In the last decade, Asian countries have been the biggest contributors to internet traffic. Proliferated internet usage has led businesses to adopt digital media to effectively reach the target prospects. y. Both large and small- and medium-sized enterprises (SMES) are developing and deploying creative digital content to attract consumers over the Internet. The drag and drop app builder software application framework allows the IT and industrial sector professionals to design business application software with the user experience approach, rather than conventional computer programming. In this approach, the codes are replaced by the user interface (UI) components. The drag and drop app builder software are used by non-regular app developers to develop applications in a less time-consuming manner, without the use of codes. This enables them to build a wide variety of applications for various applications, i.e., from updates to legacy IoT-enabled smart apps. Thus, the growth of the application designing industry owing to the increasing need for software is driving the growth of the drag and drop app builder software market.
Key Market Segments
The APAC drag and drop app builder software market is segmented based on type, application, and country. The APAC market, based on type, is segmented into cloud based and web based. Cloud-based segment held the largest market share in 2019. Based on application, the APAC market is segmented into large enterprises and SMEs. SMEs segment held the largest market share in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the drag & drop app builder software market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Appy Pie; BuildFire; Deltecs Infotech Pvt Ltd.; Mobirise; Quicxy; Salesforce.com, inc.; WaveMaker, Inc.; Zoho Corporation.
Reasons to buy report
APAC Drag & Drop App Builder Software Market Segmentation
APAC Drag & Drop App Builder Software Market - By Type
APAC Drag & Drop App Builder Software Market - By Application
APAC Drag & Drop App Builder Software Market - By Country
APAC Drag & Drop App Builder Software Market - Company Profiles