Composable Applications Market

According to MarketsandMarkets, the market for modular applications will expand at a compound annual growth rate (CAGR) of 17.5% from an expected USD 5.2 billion in 2023 to USD 11.8 billion by 2028.

These trends are likely to continue shaping the evolution of the global Composable Applications Market, influencing how organizations build, deploy, and manage applications to meet the demands of today's dynamic business environment.

Emerging trends in the Composable Applications Market are:

• Rise of Low-Code/No-Code Platforms:
• Microservices Architecture:
• API Economy:
• Cloud-Native Technologies:
• Focus on Customer Experience:
• AI and Machine Learning Integration:
• Edge Computing:

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Rise of Low-Code/No-Code Platforms: Low-code or no-code platforms are gaining traction as they allow businesses to rapidly build and deploy applications without extensive coding knowledge. These platforms empower citizen developers and accelerate the development process.

Microservices Architecture: Composable applications are often built on microservices architecture, enabling modular development and scalability. This approach allows organizations to break down complex applications into smaller, manageable services that can be independently developed, deployed, and scaled.

API Economy: With the increasing adoption of APIs (Application Programming Interfaces), composable applications can easily integrate with third-party services and data sources, enabling organizations to leverage external functionalities and data to enhance their applications' capabilities.

Cloud-Native Technologies: Cloud-native technologies, such as containers and serverless computing, are driving the development of composable applications. These technologies offer flexibility, scalability, and efficiency, allowing organizations to build and deploy applications more quickly and cost-effectively.

Focus on Customer Experience: Composable applications enable organizations to quickly adapt to changing customer needs and deliver personalized experiences. By composing applications from reusable components, businesses can rapidly prototype, test, and iterate new features to enhance the customer experience.

AI and Machine Learning Integration: Integrating AI and machine learning capabilities into composable applications can unlock new opportunities for automation, predictive analytics, and personalization. These technologies enable applications to analyze data, make intelligent decisions, and provide proactive recommendations to users.

Edge Computing: With the proliferation of IoT devices and the need for real-time processing of data, edge computing is becoming more important in the composable applications landscape. Edge computing enables applications to run closer to the data source, reducing latency and improving performance.

Related Reports:

Composable Applications Market by Offering (Platform And Services), Vertical (BFSI, Retail & eCommerce, Government, Healthcare & Life Sciences, Manufacturing, IT & ITeS, Energy & Utilities), & Region (North America, Europe, APAC, RoW) – Global Forecast to 2028