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Composable Applications Market Size, Share & Industry Trends Analysis Report By Offering (Platform and Services), By Vertical, By Regional Outlook and Forecast, 2023 - 2029

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    Report

  • 195 Pages
  • May 2023
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5833688
The Global Composable Applications Market size is expected to reach $13.1 billion by 2029, rising at a market growth of 17.4% CAGR during the forecast period.

BFSI is the major end user of composable applications as banks and other financial institutions rely on composable infrastructure solutions to safeguard their data against cybercrime. Thereby, BFSI is expected to contribute approximately 1/5threvenue share of the market by 2029. These institutions are widely deploying platforms that enable event-driven architectures, greatly encouraging businesses to use composable applications, making platforms a leading category by generating $3,131.2 million revenue in 2022. Some of the factors impacting the market are Rising digitalization across the IT industry, Growing need for app development and Difficulties faced while using composable applications.



Composable applications can provide the necessary assistance via an interdependent system in a "digital transformation" process, which can be regarded as a modern approach to corporate processes. Hence, it is anticipated that due to the accelerated digital transformation, the usage of composable applications will increase in the years to come, boosting market expansion. The volume of applications has increased dramatically in recent times. Over half of small-to-medium-sized SaaS businesses ought to employ integrated business capability architecture to outperform their competitors. As a result, market growth is anticipated in the next years.

However, for composable applications to deliver on their promises, careful planning, design, development, and administration are necessary. An architectural software strategy that involves disassembling a program into smaller, independent building pieces or services is required for composable applications. Thus, the difficulties faced while using composable applications may restrict their adoption and hamper the market's expansion.

Vertical Outlook

Based on vertical, the market is fragmented into BFSI, retail & e-commerce, government, healthcare & life science, manufacturing, IT & ITes, energy & utilities, other verticals. The IT & ITes segment garnered a significant revenue share in the market in 2022. The current environment drives IT organizations to expedite their applications, data, and innovations. It has to manage traditional bare-metal and virtualized applications more effectively while also enabling composable applications with software-driven automation and a resource pool that can be tailored to meet particular requirements.



Offering Outlook

By offering, the market is segmented into platform and services. In 2022, the platform segment held the highest revenue share in the market. The ability to connect apps and data sources is made possible by the iPaaS offered by many vendors. These platforms include functionality for event-driven architecture, lifecycle management, and API interaction. This comprises an API Proxy, an API Gateway, and an API Developer Portal..

Regional Outlook

Region wise, the market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2022, the North America region led the market by generating the highest revenue share. The region's economy is established, and significant sums are invested in IT infrastructure. In terms of innovation & growth, North America has an advantage over the rest of the world due to large security suppliers in the region. The growth of popular technologies like big data, IoT, ML, AI, cloud computing, DevOps, and corporate mobility has also pushed users and businesses to adopt far more advanced and reliable application platform software and related services.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Salesforce, Inc., Informatica, LLC, Software AG, Nutanix, Inc., Juniper Networks, Inc., Lenovo Group Limited, Western Digital Corporation, Hewlett-Packard Enterprise Company, NetApp, Inc. and Dell Technologies, Inc.

Scope of the Study

By Offering

  • Platform
  • Services

By Vertical

  • BFSI
  • IT & ITeS
  • Retail & Ecommerce
  • Manufacturing
  • Healthcare & Lifesciences
  • Government
  • Energy & Utilities
  • Others

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Salesforce, Inc.
  • Informatica, LLC
  • Software AG
  • Nutanix, Inc.
  • Juniper Networks, Inc.
  • Lenovo Group Limited
  • Western Digital Corporation
  • Hewlett-Packard Enterprise Company
  • NetApp, Inc.
  • Dell Technologies, Inc.

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Composable Applications Market, by Offering
1.4.2 Global Composable Applications Market, by Vertical
1.4.3 Global Composable Applications Market, by Geography
1.5 Research Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Composable Applications Market by Offering
3.1 Global Platform Market by Region
3.2 Global Services Market by Region
Chapter 4. Global Composable Applications Market by Vertical
4.1 Global BFSI Market by Region
4.2 Global IT & ITeS Market by Region
4.3 Global Retail & Ecommerce Market by Region
4.4 Global Manufacturing Market by Region
4.5 Global Healthcare & Lifesciences Market by Region
4.6 Global Government Market by Region
4.7 Global Energy & Utilities Market by Region
4.8 Global Others Market by Region
Chapter 5. Global Composable Applications Market by Region
5.1 North America Composable Applications Market
5.1.1 North America Composable Applications Market by Offering
5.1.1.1 North America Platform Market by Country
5.1.1.2 North America Services Market by Country
5.1.2 North America Composable Applications Market by Vertical
5.1.2.1 North America BFSI Market by Country
5.1.2.2 North America IT & ITeS Market by Country
5.1.2.3 North America Retail & Ecommerce Market by Country
5.1.2.4 North America Manufacturing Market by Country
5.1.2.5 North America Healthcare & Lifesciences Market by Country
5.1.2.6 North America Government Market by Country
5.1.2.7 North America Energy & Utilities Market by Country
5.1.2.8 North America Others Market by Country
5.1.3 North America Composable Applications Market by Country
5.1.3.1 US Composable Applications Market
5.1.3.1.1 US Composable Applications Market by Offering
5.1.3.1.2 US Composable Applications Market by Vertical
5.1.3.2 Canada Composable Applications Market
5.1.3.2.1 Canada Composable Applications Market by Offering
5.1.3.2.2 Canada Composable Applications Market by Vertical
5.1.3.3 Mexico Composable Applications Market
5.1.3.3.1 Mexico Composable Applications Market by Offering
5.1.3.3.2 Mexico Composable Applications Market by Vertical
5.1.3.4 Rest of North America Composable Applications Market
5.1.3.4.1 Rest of North America Composable Applications Market by Offering
5.1.3.4.2 Rest of North America Composable Applications Market by Vertical
5.2 Europe Composable Applications Market
5.2.1 Europe Composable Applications Market by Offering
5.2.1.1 Europe Platform Market by Country
5.2.1.2 Europe Services Market by Country
5.2.2 Europe Composable Applications Market by Vertical
5.2.2.1 Europe BFSI Market by Country
5.2.2.2 Europe IT & ITeS Market by Country
5.2.2.3 Europe Retail & Ecommerce Market by Country
5.2.2.4 Europe Manufacturing Market by Country
5.2.2.5 Europe Healthcare & Lifesciences Market by Country
5.2.2.6 Europe Government Market by Country
5.2.2.7 Europe Energy & Utilities Market by Country
5.2.2.8 Europe Others Market by Country
5.2.3 Europe Composable Applications Market by Country
5.2.3.1 Germany Composable Applications Market
5.2.3.1.1 Germany Composable Applications Market by Offering
5.2.3.1.2 Germany Composable Applications Market by Vertical
5.2.3.2 UK Composable Applications Market
5.2.3.2.1 UK Composable Applications Market by Offering
5.2.3.2.2 UK Composable Applications Market by Vertical
5.2.3.3 France Composable Applications Market
5.2.3.3.1 France Composable Applications Market by Offering
5.2.3.3.2 France Composable Applications Market by Vertical
5.2.3.4 Russia Composable Applications Market
5.2.3.4.1 Russia Composable Applications Market by Offering
5.2.3.4.2 Russia Composable Applications Market by Vertical
5.2.3.5 Spain Composable Applications Market
5.2.3.5.1 Spain Composable Applications Market by Offering
5.2.3.5.2 Spain Composable Applications Market by Vertical
5.2.3.6 Italy Composable Applications Market
5.2.3.6.1 Italy Composable Applications Market by Offering
5.2.3.6.2 Italy Composable Applications Market by Vertical
5.2.3.7 Rest of Europe Composable Applications Market
5.2.3.7.1 Rest of Europe Composable Applications Market by Offering
5.2.3.7.2 Rest of Europe Composable Applications Market by Vertical
5.3 Asia Pacific Composable Applications Market
5.3.1 Asia Pacific Composable Applications Market by Offering
5.3.1.1 Asia Pacific Platform Market by Country
5.3.1.2 Asia Pacific Services Market by Country
5.3.2 Asia Pacific Composable Applications Market by Vertical
5.3.2.1 Asia Pacific BFSI Market by Country
5.3.2.2 Asia Pacific IT & ITeS Market by Country
5.3.2.3 Asia Pacific Retail & Ecommerce Market by Country
5.3.2.4 Asia Pacific Manufacturing Market by Country
5.3.2.5 Asia Pacific Healthcare & Lifesciences Market by Country
5.3.2.6 Asia Pacific Government Market by Country
5.3.2.7 Asia Pacific Energy & Utilities Market by Country
5.3.2.8 Asia Pacific Others Market by Country
5.3.3 Asia Pacific Composable Applications Market by Country
5.3.3.1 China Composable Applications Market
5.3.3.1.1 China Composable Applications Market by Offering
5.3.3.1.2 China Composable Applications Market by Vertical
5.3.3.2 Japan Composable Applications Market
5.3.3.2.1 Japan Composable Applications Market by Offering
5.3.3.2.2 Japan Composable Applications Market by Vertical
5.3.3.3 India Composable Applications Market
5.3.3.3.1 India Composable Applications Market by Offering
5.3.3.3.2 India Composable Applications Market by Vertical
5.3.3.4 South Korea Composable Applications Market
5.3.3.4.1 South Korea Composable Applications Market by Offering
5.3.3.4.2 South Korea Composable Applications Market by Vertical
5.3.3.5 Singapore Composable Applications Market
5.3.3.5.1 Singapore Composable Applications Market by Offering
5.3.3.5.2 Singapore Composable Applications Market by Vertical
5.3.3.6 Malaysia Composable Applications Market
5.3.3.6.1 Malaysia Composable Applications Market by Offering
5.3.3.6.2 Malaysia Composable Applications Market by Vertical
5.3.3.7 Rest of Asia Pacific Composable Applications Market
5.3.3.7.1 Rest of Asia Pacific Composable Applications Market by Offering
5.3.3.7.2 Rest of Asia Pacific Composable Applications Market by Vertical
5.4 LAMEA Composable Applications Market
5.4.1 LAMEA Composable Applications Market by Offering
5.4.1.1 LAMEA Platform Market by Country
5.4.1.2 LAMEA Services Market by Country
5.4.2 LAMEA Composable Applications Market by Vertical
5.4.2.1 LAMEA BFSI Market by Country
5.4.2.2 LAMEA IT & ITeS Market by Country
5.4.2.3 LAMEA Retail & Ecommerce Market by Country
5.4.2.4 LAMEA Manufacturing Market by Country
5.4.2.5 LAMEA Healthcare & Lifesciences Market by Country
5.4.2.6 LAMEA Government Market by Country
5.4.2.7 LAMEA Energy & Utilities Market by Country
5.4.2.8 LAMEA Others Market by Country
5.4.3 LAMEA Composable Applications Market by Country
5.4.3.1 Brazil Composable Applications Market
5.4.3.1.1 Brazil Composable Applications Market by Offering
5.4.3.1.2 Brazil Composable Applications Market by Vertical
5.4.3.2 Argentina Composable Applications Market
5.4.3.2.1 Argentina Composable Applications Market by Offering
5.4.3.2.2 Argentina Composable Applications Market by Vertical
5.4.3.3 UAE Composable Applications Market
5.4.3.3.1 UAE Composable Applications Market by Offering
5.4.3.3.2 UAE Composable Applications Market by Vertical
5.4.3.4 Saudi Arabia Composable Applications Market
5.4.3.4.1 Saudi Arabia Composable Applications Market by Offering
5.4.3.4.2 Saudi Arabia Composable Applications Market by Vertical
5.4.3.5 South Africa Composable Applications Market
5.4.3.5.1 South Africa Composable Applications Market by Offering
5.4.3.5.2 South Africa Composable Applications Market by Vertical
5.4.3.6 Nigeria Composable Applications Market
5.4.3.6.1 Nigeria Composable Applications Market by Offering
5.4.3.6.2 Nigeria Composable Applications Market by Vertical
5.4.3.7 Rest of LAMEA Composable Applications Market
5.4.3.7.1 Rest of LAMEA Composable Applications Market by Offering
5.4.3.7.2 Rest of LAMEA Composable Applications Market by Vertical
Chapter 6. Company Profiles
6.1 Salesforce, Inc.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent Strategies and Developments
6.1.5.1 Product Launches and Product Expansions
6.1.5.2 Acquisition and Mergers
6.1.6 SWOT Analysis
6.2 Dell Technologies, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent Strategies and Developments
6.2.5.1 Partnerships, Collaborations, and Agreements
6.2.6 SWOT Analysis
6.3 NetApp, Inc.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional Analysis
6.3.4 Research & Development Expense
6.3.5 SWOT Analysis
6.4 Hewlett Packard Enterprise Company
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expense
6.4.5 SWOT Analysis
6.5 Western Digital Corporation
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expenses
6.5.5 Recent Strategies and Developments
6.5.5.1 Partnerships, Collaborations, and Agreements
6.5.5.2 Product Launches and Product Expansions
6.6 Software AG
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.7 Nutanix, Inc.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional Analysis
6.7.4 Research & Development Expenses
6.8 Lenovo Group Limited
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.9 Juniper Networks, Inc.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Regional Analysis
6.9.4 Research & Development Expenses
6.10. Informatica, LLC
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Regional Analysis
6.10.4 Research & Development Expenses

Companies Mentioned

  • Salesforce, Inc.
  • Informatica, LLC
  • Software AG
  • Nutanix, Inc.
  • Juniper Networks, Inc.
  • Lenovo Group Limited
  • Western Digital Corporation
  • Hewlett-Packard Enterprise Company
  • NetApp, Inc.
  • Dell Technologies, Inc.

Methodology

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