Pune, India -- (SBWIRE) -- 03/21/2018 -- Enterprise Mobile Application Development Platform Market Overview:

Growth in the number of mobile applications has inversely led to the development of the enterprise mobile application development platform. Market Research Future which concentrates on market reports linked to the Information and Communications Technology sector amongst others recently made available a report on this sector. The industry is expected to develop at a CAGR of approximately 28 per cent during the forecast period from 2017-2023.

Due to the high levels of penetration of smart phones in the market, the demand for new mobile apps has increased at a swift pace as compared to the rates previously. Its need in industry verticals such as healthcare, BFSI, retail have also contributed in a positive way to the expansion of the market. Accelerating business processes are increasing the scope of the markets growth in the forecast period. Amplified pace of adoption of cloud factors has been identified as a key trend that is contributing to the evolution of the market.

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Major Key Players:
Few of the prominent players in the enterprise mobile application development platform industry are MobileIron, Inc. (U.S.), IBM Corporation (U.S.), Salesforce., Inc. (U.S.), SAP SE (Germany), Adobe Systems, Inc. (U.S.) and Apple, Inc. (U.S.).

Industry Segments:
The global Enterprise Mobile Application Development Platform Market has been categorized on the basis of end user, deployment, and vertical. Based on the deployment, the market is divided into on-premise and cloud-based. The market on the basis of end user is segmented into large enterprises and small and medium businesses. While, on the criteria of vertical the industry is segmented into healthcare, BFSI, retail, manufacturing, IT and telecommunication and others.

Detailed Regional Analysis:
The enterprise mobile application development platform industry around the world covers regions such as Asia Pacific, North America, Europe, and Rest of the World. It has been witnessed that North American is projected to register as the major portion of the market, while the European region is anticipated to develop at a rapid rate during the forecast period. The North American market development is credited to technological improvements and amplified acceptance of mobile devices in the enterprises through various industry verticals.

Global Competitive Analysis
The profitable circumstances accessible in this market are being applied by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The companies are trying to create and capture economic value together in an appropriate manner. This has raised the possibilities for the approaching growth period significantly. This consequence has further proven to be fruitful for companies so they can fix target that can uphold their commercial enterprise's liquidity to take the most active decisions in terms of strategy execution and designing. The merchandise are also being diversified to large extent to keep up with the robust pace of technological discoveries.

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Industry Updates:

Mar 2018:
The important enterprise platform for developing progressive web apps (PWAs) at scale, Lumavate recently stated that it has successfully raised an amount of $2.5 million in seed funding. The round involved input from Jupiter Peak, Collina Ventures, 4G Ventures, Don Brown, Allos Ventures and Elevate Ventures. This backing will permit Lumavate to develop its sales, product, and marketing teams, as well as additionally grow its contribution to complete the needs of various industries.

The Lumavate platform aids from the shift of native mobile apps to PWAs which is a key shift occurring currently in mobile tech that is changing the way companies work together with their consumers. Through the Lumavate platform, companies can bring a highly-personalized mobile experience at a rapid rate and at a fraction of the charge associated to native mobile apps.

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