SMEs Segment to Dominate APAC Drag & Drop App Builder Software Market during 2019–2027
According to The Insight Partners market research study on “APAC Drag & Drop App Builder Software Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type, and Application” is expected to reach US$ 308.85 million by 2027 from US$ 188.23 million in 2019. The market is estimated to grow at a CAGR of 6.4% from 2020 to 2027. The report provides trends prevailing in the APAC drag & drop app builder software market along with the drivers and restraints pertaining to the market growth. Growing digital innovations in IT sector is the major factor driving the growth of the APAC drag & drop app builder software market. However, issues associated with, high reliance on customization provided by the software vendors hinders the growth of APAC drag & drop app builder software market.
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.
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.
Appy Pie; BuildFire; Deltecs Infotech Pvt Ltd.; Mobirise; Quicxy; Salesforce.com, inc.; WaveMaker, Inc.; Zoho Corporation are among the leading companies in the APAC drag & drop app builder software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, DronaHQ launched COVID-19 response apps that enable organizations to counter workplace disruptions brought on by the pandemic.
The report segments the APAC Drag & Drop App Builder Software Market follows:
APAC Drag & Drop App Builder Software Market – By Type
- Cloud-Based
- Web-Based
APAC Drag & drop app builder software Market – By Application
- Large Enterprise
- SMEs
APAC Drag & drop app builder software Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
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