Pune, Oct 18, 2022: Maximize Market Research has published a report on the Low-Code Development Platform Market that provides a detailed analysis for the forecast period of 2022 to 2029. According to the report, the Low-Code Development Platform Market size is worth USD 17.25 Bn. in 2021 and the total market revenue is expected to grow by 27.8 percent from 2022 to 2029, reaching nearly USD 122.75 Bn.
Low-Code Development Platform Market Scope:
The report provides comprehensive market insights for industry stakeholders, including explanation of complex market data in plain language, industry history and current situation, as well as expected market size and trends. The research examines all industry categories, with an emphasis on major companies such as market leaders, followers, and new entrants. The report includes a PESTLE analysis for each country. A thorough picture of the competitive landscape of the major competitors in the Low-Code Development Platform market by products and services, revenue, financial situation, portfolio, growth plans, and geographical presence makes the investor guide to -student
Low-Code Development Platform Market Overview:
Complex operations are further simplified through the use of technology and visual aids. The use of low-code and no-code technologies is the latest phase in this trend. They enable anyone to develop application software using graphical user interfaces and declarative programming. LC development platforms provide tools for developing applications or systems, as well as inputs, outputs, and business logic. LC design of corporate apps is more attractive. It allows “citizen developers,” such as designers and business owners, to create and test apps without requiring the services of professionals.
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Low-Code Development Platform Market Dynamics:
The availability of open APIs and microservices, as well as advances in function-as-a-service (FaaS) and serverless applications, indicate how next-generation systems are evolving into collections of connected service. Over time, organizations typically acquire a wide range of tools and technologies (bespoke and off-the-shelf) from several providers. It often happens for multinational corporations to grow and diversify by acquiring other companies and quickly starting operations in new areas by developing apps without addressing a global plan in IT growth.
Low-Code Development Platform Market Regional Outlook:
North America led the Low-Code Development Platform market in 2021, accounting for nearly 35% of the market, and is likely to maintain its dominance beyond the forecast period. The significant presence of many well-known companies in the region primarily focused on developing new goods and services is driving the growth of the market. Both the United States and Canada have strong economies and are expected to be major contributors to the growth of the low-code development platform market. Key factors for implementing low-code development platforms and services include geographical presence, substantial R&D activity, collaboration, procurement, and integration.
Low-Code Development Platform Market Segmentation:
Based on Component, the Low-Code Development Platform Market is segmented into Solutions and Services
Based on Deployment Mode, the Low-Code Development Platform Market is segmented into On-Premises and Cloud
Based on Application Type, the Low-Code Development Platform Market is segmented into Web-Based and Mobile-Based
Based on Organization Size, the Low-Code Development Platform Market is segmented into SMEs and Large enterprises
Based on Industry, the Low-Code Development Platform Market is segmented into Banking, Financial Services, And Insurance (BFSI), Telecom And IT, Government, Energy, And Utilities, Manufacturing, Healthcare & Life Sciences, Retail And Ecommerce, Media And Entertainment, Education and More
Based on Region, the Low-Code Development Platform Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Key Competitors in the Low-Code Development Platform Market:
Key players in the Low-Code Development Platform market include:
- Caspian
- K2
- MatsSoft
- Mendix
- OutSystems
- Appian
- Salesforce
- Service Today
- AgilePoint
- Bizagi
- Dwkit
- Visual LANSA
- KissFlow
- Microsoft
- Oracle
- Pegasystems
- Magic Software Enterprises
- Zoho
- Fast Base
- LANSA
The key Questions answered in the Low-Code Development Platform Market Report are:
- What is the competitive scenario of the Low-Code Development Platform Market?
- What are the key factors helping the growth of the Low-Code Development Platform Market?
- Which region is expected to hold the largest share of the Low-Code Development Platform Market in 2029?
- What will be the CAGR of the Low-Code Development Platform Market during the forecast period?
- Which are the prominent players in the Low-Code Development Platform Market?
- What will be the expected size of Low-Code Development Platform Market in 2029?
- Which company holds the largest share in the Low-Code Development Platform Market in 2021?
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About Maximize Market Research:
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