Drag and Drop App Builder Software Market Opportunities by 2031
The drag and drop app builder software market size is expected to grow from US$ 1.23 billion in 2023 to US$ 1.79 billion by 2031; it is anticipated to expand at a CAGR of 4.8% from 2023 to 2031. The rise in demand for cloud-based drag and drop app builder software is likely to remain a key drag and drop app builder software market trends.
Drag and Drop App Builder Software Market Analysis
The rapid advancements in technology, such as cloud computing and mobile app development, have contributed to the growth of the drag and drop app builder software market.
Drag and Drop App Builder Software Market Overview
Drag and drop app builder software is a revolutionary tool that empowers businesses to create customized mobile applications without the need for complex coding or technical expertise. With this intuitive software, even individuals with limited technical knowledge can design and develop feature-rich apps that cater to their specific business needs. Furthermore, this software offers a wide range of pre-built templates and modules that can be easily customized to reflect a company's branding and unique requirements. Businesses can add their logos, colors, and fonts to create a cohesive and professional app that aligns with their brand identity.
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Drag and Drop App Builder Software Market: Strategic Insights
Market Size Value in US$ 790.39 Million in 2019 Market Size Value by US$ 1,128.82 Million by 2027 Growth rate CAGR of 4.6% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Drag and Drop App Builder Software Market: Strategic Insights
| Market Size Value in | US$ 790.39 Million in 2019 |
| Market Size Value by | US$ 1,128.82 Million by 2027 |
| Growth rate | CAGR of 4.6% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Drag and Drop App Builder Software Market Drivers and Opportunities
Rapid advancements in technology to Favor Market
Technological advancements, such as cloud computing and mobile app development, have played a significant role in the growth of the drag and drop app builder software market. These advancements have revolutionized the mobile app development industry and opened up new possibilities for businesses and developers to create rich and immersive mobile experiences. In conclusion, the rapid advancements in technology, including cloud computing and the adoption of low-code and no-code development platforms, have contributed to the growth of the drag and drop app builder software market. These advancements have revolutionized the mobile app development industry, making it more accessible and efficient for businesses and developers to create innovative and immersive mobile experiences.
Digitalization of Economies
The digitalization of economies has led to an increased demand for user-friendly app development tools, which has contributed to the growth of the drag and drop app builder software market. These platforms allow developers to create customized apps without extensive coding requirements or with minimal hand-coding, enabling them to accelerate the development of high-quality products. This is in contrast to the conventional software development life cycle (SDLC) that typically involves more time and effort. The rapid pace of digital transformation has driven companies to meet consumer needs quickly, and drag and drop app builders have emerged as a solution to facilitate this process.
Drag and Drop App Builder Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Drag and Drop App Builder Software market analysis are type and application.
- Based on type, the market is divided into cloud-based and web-based. The cloud-based segment held a larger market share in 2023.
- In terms of application, the market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger market share in 2023.
Drag and Drop App Builder Software Market Share Analysis by Geography
The geographic scope of the drag and drop app builder software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America dominated the drag and drop app builder software market in 2023. The United States and Canada have heavily invested in research and development activities, leading to the development of advanced and innovative technologies in the drag and drop app builder software market. Furthermore, Small and medium-sized enterprises (SMEs) operating in the IT sector in North America are expected to drive the market due to the growing affordability of cloud-based solutions.
Drag and Drop App Builder Software Market Report Scope
Drag and Drop App Builder Software Market News and Recent Developments
The Drag and Drop App Builder Software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In December 2020, Quixy, a prominent no-code application development, and Business Process Management (BPM) platform, achieved the distinguished recognition of being named a "Leader" in the No-Code Application Development category by G2, a renowned industry authority.
(Source: Quixy, Press Release, 2020)
- In September 2020, DronaHQ organized a No-Code Hackathon with the aim of engaging B-school students and fostering the traits of citizen development and a problem-solving mindset. The hackathon provided an opportunity for students to learn app development without the need for in-depth coding knowledge.
(Source: DronaHQ, Press Release, 2020)
Drag and Drop App Builder Software Market Report Coverage and Deliverables
The "Drag and Drop App Builder Software Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The drag and drop app builder software market size is expected to grow from US$ 1.23 billion in 2023 to US$ 1.79 billion by 2031; it is anticipated to expand at a CAGR of 4.8% from 2024 to 2031.
The rapid advancements in technology, such as cloud computing and mobile app development, have contributed to the growth of the drag and drop app builder software market.
The rise in demand for cloud-based drag and drop app builder software is likely to remain a key drag and drop app builder software market future trends.
The key players holding the majority of shares in the global drag and drop app builder software market are DronaHQ, Salesforce, Thunkable, Inc., WaveMaker, Inc., and Zoho Corporation.
The global drag and drop app builder software market is expected to reach US$ 1.79 billion by 2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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