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Global Rapid Application Development Market to Reach $138.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Rapid Application Development estimated at US$ 15.4 Billion in the year 2020, is projected to reach a revised size of US$ 138.6 Billion by 2027, growing at a CAGR of 36.9% over the period 2020-2027.
Tools, one of the segments analyzed in the report, is projected to record 35.6% CAGR and reach US$ 74.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 38.6% CAGR for the next 7-year period.