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Software Construction Components Market to Perceive Substantial Growth During 2024
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Increasing demand for new applications with augmented features and customization capabilities are rendering software development companies with an acute lack of time. This is leading software developers to use CBSE as a means to save time and provide quick customization capabilities. Also, increasing development and maintenance costs in the software industry are the major drivers identified for the software construction components market. The advent of internet of things (IoT) has made software development a larger and complex process. The need for reducing complexity and increasing productivity is strengthening the growth of the software construction components market. However, the time required to develop the components and the trustworthiness of these components are the major challenges tackled by the market. The rapidly emerging market for IoT is expected to open up numerous opportunities for the software construction components market as software development is anticipated to rise as a consequence of IoT penetration.
The Global Software Construction Component Market can be segmented on the basis of component model, level of reuse, composition type, enterprise and geography. Based on component model, the market can be divided into Component Object Model (COM) model, Enterprise JavaBeans (EJB) model, .NET model, Common Object Request Broker Architecture (CORBA) component Model and Service Component Architecture (SCA). According to level of reuse, the software construction component market is segregated into code level components, entire applications, analysis level products and design level products. Depending on composition types, the market is segmented into sequential composition, hierarchical composition and additive composition. Based on enterprise size, the market is divided into large enterprises and small and medium enterprises. Based on geography, the market is classified into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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Some of the leading players in the software construction components market are International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Sybase (SAP), MTW Solutions, ComponentSource, Inc., GrapeCity Inc., ASG Technologies, Infragistics, Inc., Developer Express Inc., Syncfusion, Progress Software Corporation, Dundas Data Visualization, Inc., Rogue Wave Software, Inc. and , ABB Group.
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