Indian application development market is expected to touch $227 million this fiscal year, a 22.6 per cent growth over last year, according to a recent market trends data.
In a report titled 'Market Trends: Application Development Software, Worldwide, 2012-2016', published by research and advisory firm Gartner, the application development market boom will be triggered by the increasing adoption of software delivery through cloud computing platform along with evolving software delivery models, new development methodologies, emerging mobile application development and open source software.
"Application modernization and increasing agility will continue to be a solid driver for AD spending, apart from other emerging dynamics of cloud, mobility and social computing," said Asheesh Raina, principal research analyst at Gartner.
Gartner also threw its predictions on the smartphone and tablet market stating that these markets will outnumber native PC projects by a ratio of 4:1 by 2015. It also predicted that by the end of 2012, 70 percent of Java applications will get implemented on an open source Java application server. The firm also found out that the emerging trend in the application market is cloud computing and 90 percent of the mainstream companies and government agencies will use the service by 2015.
"The trend is compelling enough to force traditional AD vendors to 'cloud-enable' their existing offerings and position them as a service to be delivered through the cloud," Raina said. Gartner said that by 2013 CIOs will expect more than 20 percent of their employees to use tablets instead of laptops.
The report also stated that open source software would become a key element of the software quality landscape and would continue to broaden its presence and create pressure on market leaders during the next three to five years.
"Open source software tools will continue to erode revenue for some AD categories in design, testing and Web development. This is being driven primarily by the success of Eclipse and NetBeans, as well as by overall revitalization of the market by new small software providers looking for technical and market disruptive approaches for offering products. Limited budgets and economic conditions compelling enough to focus on cost reduction, also fuel the use of open-source software in various development projects." Raina added.