Global Application Server Market Extends at a Healthy CAGR of 13.34% by 2030.

Introduction

The platform called an application server is typically used for cloud-based apps for mobile devices like tablets and smartphones. While allowing the right to access and the functionality of the corporate application, the application server serves as the host for the user's business logic. The memory and processing power needed to run programmes in real-time is provided by an application server. Additionally, it provides the environment needed to operate specific programmes. For instance, a cloud service application needs a Windows PC to analyse the data. According to the nature of the business application and the norms in the specific industry for which the application has been created, the application server also supports a variety of application design patterns. Numerous programming languages and distribution systems are supported by this software.

Market Dynamics

BFSI Sector Is Driving The Market:

The banking, financial services, and insurance (BFSI) industry are always dealing with new regulations, cybersecurity concerns, an increase in the volume of data being generated, and an increase in the number of transactions. Secure, scalable solutions that allow for effective service delivery are constantly needed in the BFSI sector. Additionally, in order to keep up with technological advancements and have up-to-date security features that guard against continually growing cyberthreats, these apps must be updated at fairly regular intervals. As a result, the BFSI industry is predicted to see a rise in demand for application servers.

I.T. Infrastructure Will Drive The Market:

Application servers provide tools for building online applications and middleware services for security and upkeep available, as well as network data access. Because IT systems allow efficient and effective management of databases and backend processes, organisations are becoming more and more dependent on them. Over the projection period, it is anticipated that organisations' increasing reliance on IT infrastructure would fuel market expansion. A few additional variables that are anticipated to influence market expansion include the rise in online distribution channels, the rising demand for software that may support sales, and the ability to access sales records from a distance.

E-Commerce And Government Initiatives Will Bring In New Opportunities:

Rapid advancements in wireless networks and mobile device technology have created a wealth of possibilities for applying application servers in previously untapped fields like information dissemination and the digitisation of public services. Additionally, e-commerce and mobile commerce are becoming more and more popular, which is encouraging for the market's expansion over the projection period. As workload and accompanying complexity have increased, government agencies have been utilising technology more and more. Government agencies must also continually assess the functionality and effectiveness of their current applications and, where necessary or in order to keep up with the difficulties posed by technology, transition to new, better-suited platforms. As new government programmes and initiatives are introduced, new platforms must also be developed in lockstep with them.

Regional Analysis:

With a revenue share of more than 40%, North America dominated the application server market in 2020. North America is renowned for its early adoption of cutting-edge technologies and for having a high mobile device penetration rate. When it comes to early adoption of the newest and most innovative technology, the United States and Canada are regarded as having extremely mature marketplaces. As a result, North American-based companies use application servers at a significant pace. Many of the top market participants are based in North America.

The fastest-growing regional market is anticipated to be in the Asia Pacific. The Asia Pacific is renowned for the expansion of high-speed wireless internet networks, the proliferation of smartphones, and the exponential growth of the manufacturing and e-commerce sectors. Some of the additional important aspects that are anticipated to support the expansion of the regional market are the rising number of software and IT service providers, the rise in service-based startups, and the aggressive adoption of cutting-edge technologies, notably in China and India.

Key Highlights:

• The global Application Server Market was valued at USD 14.9 billion in 2020 and is projected to reach USD 52.12 billion by 2030 at a CAGR of 13.34% from 2022 to 2030.
• The BFSI sector and IT infrastructure are driving the market for application servers.
• This market can be segmented on the basis of type, deployment, end-use, regions and competitors.
• By 2030, North America is anticipated to have the largest market share, with the Asia Pacific emerging as the fastest-growing market.

Competitive Players

Competitors Analysis:

Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Red Hat, Inc., and TIBCO Software Inc. are some of the major companies active in the sector. In an effort to gain a larger portion of the market, industry companies are investing heavily in R&D projects and streamlining their internal operations. To enhance and broaden their current product and service portfolios, they are also constantly engaged in new product development. To promote organic growth and solidify their positions in the industry, all of these market participants are putting a lot of money into R&D initiatives. In order to develop technologically innovative products and acquire a competitive edge in the market, they are also placing a major emphasis on mergers and acquisitions and strategic partnerships. Microsoft Corporation, International Business Machines Corp., Oracle Corporation, Red Hat, Inc., TIBCO Software Inc., The Apache Software Foundation, FUJITSU, VMware, Inc., NEC Corporation, and SAP SE are a few of the well-known companies active in the worldwide application server industry.

Recent Developments

Recent Developments:

• In June 2019, IBM Corporation improved WebSphere Application Server (WAS) version 9.0.5 with the addition of new operational modernisation components that assist application developers with their WebSphere-centric modernisation. Across container-based and conventional deployments, the innovation provides visibility for the apps.
• The release of a new angular-based web application framework in the Magic xpa 4.0 was announced by Magic Software Enterprises Ltd in August 2018. The ability to create feature-rich, cross-platform web applications is made possible by this new application framework, which is available to angular developers and magic developers.

Segmentation

Segmentation

Type Outlook:

•  Java
  • J Boss
  • Jetty
  • Tomcat
  • Others

• Microsoft Windows
• Others

Deployment Outlook:

• Hosted
• On-premise

End-use Outlook:

• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

Regional Outlook:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)