Asia-Pacific Drag & Drop App Builder Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Cloud-Based and Web Based), and Application (Large Enterprises and SMEs)
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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.
Australia, China, India, Japan, and South Korea are major economies in APAC. Growing digital innovations in IT sector is the major factor driving the APAC drag & drop app builder software market. 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. 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. 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). The rapid pace of digital transformation has enabled companies to meet consumer needs quickly. 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. 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. The market in APAC is expected to grow at the highest pace during the forecast period due to increase in demand for drag & drop app builder software.
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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC drag & drop app builder software market. The APAC drag & drop app builder software market is expected to grow at a good CAGR during the forecast period.
APAC Drag & Drag & Drop App Builder Software Market Segmentation
APAC Drag & 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 & Drag & Drop App Builder Software Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Drag & Drag & Drop App Builder Software Market - Companies Mentioned
- Appy Pie
- BuildFire
- Deltecs Infotech Pvt Ltd.
- Mobirise
- Quixy
- Salesforce.com, inc.
- WaveMaker, Inc.
- Zoho Corporation
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