Dublin, Sept. 13, 2022 (GLOBE NEWSWIRE) — The “Low-Code Development Platform Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.
The global low-code development platform market is expected to grow from $19.37 billion in 2021 to $25.16 billion in 2022 at a compound annual growth rate (CAGR) of 29.9%. The low-code development platform market is expected to grow to $68.84 billion by 2026 at a CAGR of 28.6%.
North America is the largest region in the low-code development platform market in 2021. The regions covered in the low-code development platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa .
Increasing demand for applications for business organizations is expected to drive the growth of the low-code development platform market in the coming years. Low code is a coding-based software that allows users optimized business unit business processes to create and manage applications quickly with less manual coding.
According to the bureau of labor statistics, a labor department based in the USA indicated that there will be a shortage of engineers in 2026 of 1.2 million. Furthermore, only 39.6% of candidates for IT job opportunities meet all employer criteria. This will create a need for low code platforms where tasks can be completed automatically with precision.
Advances in technology are shaping the low-code development platform market. The integration of AI provides the opportunity to use low-code development platforms in various applications such as solving complex functions, detecting content using keywords or colors, and placing information on template.
Artificial intelligence is used to engineer a low-code development platform to integrate legacy systems by eliminating technical complexity. For example, in May 2021, Zoho Corporation, a web-based business tools company in India launched Qntrl which provides workflow solutions targeted at closing the growing process management gap for in contemporary, complex processes that require close collaboration with various stakeholders. It uses low-code or no-code technology to accomplish these tasks along with artificial intelligence and machine learning.
In January 2022, Jitterbit, a US-based API transformation company acquired PrimeApps for an undisclosed amount. With this acquisition, Jitterbit will provide the first end-to-end platform that enables non-technical individuals to effortlessly build and deploy enterprise-grade business apps that can connect to any system, all through a low-code, custom design interface. PrimeApps is a low-code application development service based in Turkey.
Scope
Markets Covered:
1) By Segment: Platform; Services
2) By Application: Web-Based; Mobile-Based; Desktop And Server Based
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs); Big Business
4) By Industry: Banking, Financial Services, And Insurance (BFSI); Retail And eCommerce; Government And Defense; Taking care of your health; IT; Energy And Utilities; Working
Main Topics Covered:
1. Executive Summary
2. Low Code Development Platform Market Characteristics
3. Low Code Development Platform Market Trends and Strategies
4. Impact Of COVID-19 On Low Code Development Platform
5. Low Code Development Platform Market Size And Growth
6. Low Code Development Platform Market Segmentation
7. Low Code Development Platform Market Regional And Country Analysis
8. Asia-Pacific Low Code Development Platform Market
9. China Low Code Development Platform Market
10. India Low Code Development Platform Market
11. Japan Low Code Development Platform Market
12. Australia Low Code Development Platform Market
13. Indonesia Low Code Development Platform Market
14. South Korea Low Code Development Platform Market
15. Western Europe Low Code Development Platform Market
16. UK Low Code Development Platform Market
17. Germany Low Code Development Platform Market
18. France Low Code Development Platform Market
19. Eastern Europe Low Code Development Platform Market
20. Russia Low Code Development Platform Market
21. North America Low Code Development Platform Market
22. USA Low Code Development Platform Market
23. South America Low Code Development Platform Market
24. Brazil Low Code Development Platform Market
25. Middle East Low Code Development Platform Market
26. Africa Low Code Development Platform Market
27. Low Code Development Platform Market Competitive Landscape And Company Profiles
28. Major Mergers And Acquisitions In The Low Code Development Platform Market
29. Low Code Development Platform Market Future Outlook and Potential Analysis
30. Appendix
Mentioned Companies
- AgilePoint
- Appian Corporation
- Caspio Inc.
- Fujitsu RunMyProcess
- K2
- LANSA
- Magic Software Enterprises Ltd.
- MatsSoft Limited
- Mendix Technology
- Microsoft Corporation
- Netcall
- Oracle Corporation
- Outsystems Inc.
- Pegasystems Inc.
- QuickBase Inc.
- Salesforce.com Inc.
- ServiceNow Inc.
- WaveMaker
- Zoho
- Alphabet Inc.
- Google Inc.
- TrackVia
For more information about this report visit https://www.researchandmarkets.com/r/r9psl5
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