Rapid Application Development Market size was valued at US$ 32.52 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 42.9% from 2023 to 2029, reaching nearly US$ 395.75 Bn.
Rapid Application Development Market Overview:
Rapid Application Development Market is expected to reach US$ 395.75 Bn. by 2029. The Rapid Application Development (or RAD) strategy is focused on prototyping and an iterative approach with little (or no) preparation. In general, taking a RAD approach to software development implies focusing less on planning and more on development and creating a prototype.