The mobile application development platform (MADP) is projected to reach a market value of $14 billion by 2023 with an exceptional CAGR of 22%. A number of recent industry reports all project a constant and strong growth through at least 2023. For the many investors who are not familiar with this market, the recent reports can get them up to speed, quickly. The report from Market Research Future describes MADP " a group of products and services that allows the easy and fast development of mobile applications. These includes building, testing and deploying the mobile application on tablets and smartphones. Companies can build their own mobile application development platform or can buy from the third-party vendors. The features included in third party mobile application development platform includes front-end development tools for application programming interfaces (APIs)." Other sources discussing the report further explain that: "A mobile application development platform helps bring down the complexities associated with developing and designing mobile applications. IT solutions, including mobile backend-as-a-service (MBaaS) prevents the need for building back-end systems by for app developers. As a result, the platform enhances the front-end tasks, reduces the overall application development time, and improve the UI design for enhanced user experience. Active tech stocks in the market today include: Microsoft Corporation (NASDAQ: MSFT), WEBSAFETY Inc. (OTCPK: WBSI), SAP SE (NYSE: SAP), Adobe Inc. (NASDAQ: ADBE), Forescout Technologies, Inc. (NASDAQ: FSCT).

Below are the top five companies in the Application Software industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.

Adobe Sys Inc (NASDAQ:ADBE) traded in a range yesterday that spanned from a low of $283.60 to a high of $292.88. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $281.82 on volume of 3.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.