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Application Infrastructure Technologies Market Statistics: 2030
Application infrastructure technology software is used by various organizations to design and serve different features of business application to its end users. It also supports development and monitoring of various applications. In addition, these applications can be modified based upon the features and components required by business organizations. Furthermore, it includes various features and components such as servers, application monitoring tools, and security tools. Businesses use this application infrastructure software to design applications that can connect with each other using an application programming interface and provide those applications to its end users. Without omnipresent application infrastructure software, businesses can face issues regarding creating and managing applications.
COVID-19 Impact Analysis
Rise in demand for cloud applications and application modernization due to the shift toward technological advancements is the major factor that drives the growth of the application infrastructure technologies market. In addition, supportive government initiatives and rapid investment in application infrastructure technologies by small & medium enterprises are expected to supplement the market growth. However, high cost of software and maintenance acts as the barrier to the market. Furthermore, the demand for technologies, such as VPN, authentication, endpoint security, encryption, and application security, is expected to provide lucrative opportunities for the global application infrastructure technologies market.
The market trends for the application infrastructure technology market are as follows:
Increase in adoption of internet-of-things (IoT) devices in both the enterprise and consumer space drives the growth of the market. In addition, rapid adoption of IoT in small & medium enterprises across the globe enhances the growth of the market. Furthermore, large enterprises and small & medium enterprises look forward to adopting cloud computing and designing new customer centric applications, which propel the growth of the application infrastructure technologies market.
North America is a developed nation, with almost 90% of its residents early adopting the latest technology in the market, which drives the growth of the market. In addition, most of the application infrastructure development companies are present in this region and invest a lot of money on R&D to get an edge over the market, which enhances the growth of the market. Furthermore, banks in this region adopt cloud computing to bring digital transformation, which enhances the growth of the application infrastructure technologies market. For instance, Bank of America entered into a partnership with Microsoft to build application infrastructure technology software to help bring efficiency, reliability, and overall profitability to its business.
Key Benefits of the Report
Questions Answered in the Application Infrastructure Market Research Report
Application Infrastructure Technologies Market Report Highlights
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By Deployment Model |
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