The global demand for Low-code Development platform Market is presumed to reach the market size of nearly USD 29.13 MN by 2028 from USD 6.5 MN in 2021 with a CAGR of 23.9% under the study period 2022 - 2028.
A low-code development platform is a graphical user interface with basic logic and drag-and-drop functionality. The Low-code development framework is a programming environment that enables users to create software applications with graphical user interfaces and configuration without learning complex programming languages. Users having no advanced knowledge of coding or software development can utilize these easy ways to build software for various reasons, including designing mobile and business applications. Low-code development platforms are a quick and simple way to get started in software development. Professional developers may swiftly develop apps utilizing low-code modular methodologies because they do not have to create code line by line. They also enable non-software experts to build and test applications, such as business analysts, office administrators, small-business owners, and others.
Market Dynamics
The demand for low-code development platforms is likely to rise in the coming years as demand for integration, implementation, and consulting services rises. Furthermore, the need for these services is growing as there is a greater need for low-code platform upgrades, technical understanding, maintenance, and monitoring. In addition, growing digital transformation in the IT sector, and a growing requirement for robust solutions, are prospects for the Low-Code Development Platform market. Nevertheless, the low code development platform market's growth is being hampered by its reliance on vendor-supplied customization.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of low-code development platform. The growth and trends of low-code development platform industry provide a holistic approach to this study.
Market Segmentation
This section of the low-code development platform market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
By Application Type
- Web-Based
- Mobile-Based
- Desktop And Server-Based
By Organization Size
- Small And Medium-Sized Enterprises (Smes)
- Large Enterprises
By Industry
- BFSI
- Retail And Ecommerce
- Government And Defense
- Healthcare
- IT
- Energy And Utilities
- Manufacturing
- Others (Education, Transportation And Logistics, And Media And Entertainment)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Low-code development platform market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Low-code development platform Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the low-code development platform market include Salesforce, Microsoft, Appian, Oracle, Pegasystems, Magic Software Enterprises, AgilePoint, OutSystems, Zoho (India), Quick Base, LANSA, Fujitsu RunMyProcess (France), Netcall (UK), WaveMaker,K2. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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