The global application development and management market was valued at US$244.79 billion in 2021 and will grow at a compounded annual growth rate (CAGR) of 9.1% to reach a value of US$378.76 billion by 2026. The cumulative revenue generation opportunities for application development and management providers are estimated at US$1,602.41 billion between 2022 to 2026. The North America region was estimated to garner a share of 27.3% of the total global application development and management in 2021. The US is the major contributor to the growth of the application development and management market in this region.
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