TECH SUPPLIER Sep 2019 - Market Share - Doc # US44638219
Worldwide Software Construction Components Market Shares, 2018: Market Poised for Exceptional Growth Due to Accelerated Application Modernization and New Application Development
This IDC study examines the software construction components market. The software construction components market continues to experience strong growth driven by the modernization of legacy applications and the development of net-new applications. As the pace of digitization accelerates within the enterprise, software construction components play an increasingly important role in application development by providing developers with preassembled code that empowers them to develop applications more quickly. Another reason for the robust growth of the software construction components landscape involves enhanced expectations on the part of end users for delightful and engaging user experiences. The ability of software construction components to contribute to the development of delightful user experiences constitutes a key driver for growth of this market segment.
"The software construction components market continues to experience robust growth that exceeds the growth of the overall developer tools market landscape," notes Arnal Dayaratna, research director for Software Development at IDC. "The market's growth is driven by the rapid modernization of legacy applications as well as the acceleration of net-new application development. In particular, efforts to modernize legacy enterprise applications represent a key driver of growth of the software construction components market because of user expectations for enterprise applications to exhibit the richness of user experience characteristic of consumer applications such as Facebook, Gmail, and Uber."
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