Covina, United States: Global Low Code Development Platform Market, By Component (Solutions and Services (Professional and Managed)), By Application Type (Web Based and Mobile (IOS, Android, and Windows)), By Deployment Model (Cloud, and On -Premises), By Organization Size (Small and Medium, and Large Business), By Vertical (Banking, Financial Services, and Insurance, Government, Healthcare and Life Sciences, Education, Media and Entertainment , Retail and Ecommerce, Labor, Telecom and IT, Energy and Utilities, etc.) and Regions – Global Forecast to 2030
Low Code Development Platform Market Outlook
- Market Value 2020: US $ 16.3 Bn
- Market Value Estimate 2030: US $ 160.90 Bn
- CAGR: 26.0 %
The term “low code generation platform”Refers to the process of creating software and applications using a graphical user interface (GUI) rather than the more traditional method of computer programming. The platforms focus primarily on the design and implementation of business processes, as well as on user interfaces such as web apps and database systems. As a result of minimal or no coding low code generation requirements, the time and cost of developing the platform is reduced, which benefits business processes. This is an example of a visual software development environment that allows businesses and individuals to drag and drop application components, connect them, and build mobile or web apps.
Top News related to Industry, Innovation:
- In May 2022- The debut and availability of Interplay 7, code-named “Spirit,” was announced today by Iterate.ai, a company whose innovation ecosystem enables businesses to create finished, production-ready of low-code applications. Interplay 7 introduces a number of powerful new features that greatly simplify application development and eliminate common barriers experienced by developers while heading into production. Interplay 7 is specifically designed to accelerate enterprise innovation and the speed of strategies going to market.
- In March 2019- Appian announced the next release of its low code platform, making it easier than ever to build powerful enterprise applications up to 20x faster. The new version accelerates development and expands the platform’s low-code/no-code capabilities to several key components, including integration, robotic process automation (RPA), interface design, enterprise mobility, and interaction. to the customer.
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Main Segmentation of Low Code Development Platform market:
The global low code development platforms market is worth US $ 16.3 billion in 2020 and is estimated to be US $ 160.90 billion in 2030 and is expected to register a CAGR of 26.0%. The market report is segmented based on component, application type, deployment model, organization size, vertical, and region.
- By part, the global low code development platform market is divided into solutions and services.
- By application type, the global low code development platform market is categorized into web based and mobile.
- Through the deployment model, the global low code development platform market is split into the cloud and into places.
- In organizational size, the global low code development platform market is divided into small and medium, and large enterprises.
- By vertical, the global low code development platform market is divided into banking, financial services, and insurance, government, healthcare and life sciences, education, media and entertainment, retail and ecommerce, manufacturing, telecom and it, energy and equipment, and so on.
- According to the region, North America is estimated to have the highest revenue share in the global low code development platform during the forecast period, due to the presence of a large number of low code development platform providers in this region.
The Low Code Development Platform Market Report cites the following promising regions:
- North America – US, Canada
- Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific-Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
- Latin America – Brazil, Mexico, Argentina, Other parts of Latin America
- Middle East and Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa
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Top-tier key players:
Prominent players operating in the global Low Code Development Platform market include Bizagi, Appian, K2 Solution Inc., Salesforce.com, Inc., Caspio, Inc., MatsSoft Inc., AgilePoint, Inc. Mendix, ServiceNow and OutSystems.
Premium Report offers:
- Market share analyzes for regional and national segments
- A description of the business, including its objectives, finances, and latest developments.
- In addition to a comprehensive market share analysis, the report contains data on significant drivers, restraints, and opportunities.
- The market power of consumers and suppliers is demonstrated by Porter’s five-force analysis.
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