Dublin, Aug. 23, 2022 (GLOBE NEWSWIRE) — The “Global Low-code Development Platform Market Size, Share and Trends Analysis Report by Application Type (Web-based, Mobile-based), by Deployment Type (Cloud, On- Premise ), by Organization Size , by End-use, by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.
The size of the global low-code development platform market is expected to reach USD 35.2 billion by 2030, registering a CAGR of 22.9% from 2022 to 2030.
The growth can be primarily attributed to the growing interest of organizations, especially amid the COVID-19 pandemic, towards digital transformation of their business processes.
The growing need for solutions that can accelerate application development and automate business processes has created greater scope for the adoption of low-code development platforms, thereby favoring market expansion.
The growth of the market is further driven by the continuous technological development introduced by the industry players.
For example, in September 2021, Mendix Technology BV introduced artificial intelligence and other advanced features to its low-code development platform to allow companies to develop software more efficiently.
The company named the AI feature Page Bot that provides recommendations to software teams about how to design a new application’s user interface.
Low-Code Development Platform Market Report Highlights
- The web-based application segment is expected to witness a CAGR of more than 22.0% from 2022 to 2030 due to increasing demand for low-code development platforms as they help develop applications using similar resources as traditional development process.
- The SMEs segment is expected to witness a significant growth rate of nearly 24.0% from 2022 to 2030 with the growing need to develop software applications with minimum operational and workforce costs.
- The IT and Telecom segment accounted for a revenue share of close to 21.0% in 2021 with increasing demand in these sectors to automate their operations and speed up the application development process.
- In North America, the market will be valued at nearly USD 1.7 billion by 2021 due to the strong presence of various key market players in the region and the introduction of innovative low-code development platform offerings by these players .
Main Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Industry Outlook
3.1 Market Segmentation
3.2 Market Size and Growth Prospects
3.3 Value Chain Analysis
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Growing Need to Accelerate Digital Transformation
3.4.1.2 Increasing Need to Improve the Software Development Process
3.4.2 Market Restraint Analysis
3.4.2.1 Lack of Customization
3.4.3 Market Opportunity Analysis
3.4.3.1 Profitable Opportunities in Certain Industries
3.5 Mapping Entry and Growth Prospects
3.5.1 PEST Analysis
3.5.2 Analysis of PORTER’s Five Forces
3.6 End-use Industry Use Cases
3.7 Impact of COVID-19 on the Market
3.7.1 Impact of COVID19: Overview
3.7.2 Proposals Made by Market Players
3.7.3 An Advance
3.8 Regional Assessment of COVID-19
3.8.1 North America
3.8.2 Europe
3.8.3 Asia Pacific
3.8.4 Latin America
3.8.5 Middle East and Africa
3.9 Low-Code Development Platform Market-Market Share Analysis, 2021
3.9.1 Key company market share analysis, 2021
3.9.2 Key global players, recent developments and their impact on the industry
3.9.3 Key company product comparisons
Chapter 4 Low-Code Development Platform Market Application Outlook
4.1 Market Size Estimates and Forecasts and Trend Analysis, 2018-2030 (USD Million)
4.2 Application Movement Analysis and Market Share, 2021 and 2030
4.3 Web-Based Low-Code Development Platform
4.4 Mobile-Based Low-Code Development Platform
Chapter 5 Low-Code Development Platform Market Deployment Outlook
5.1 Market Size Estimates and Forecasts and Trend Analysis, 2018-2030 (USD Million)
5.2 Cloud-based Low-Code Development Platform
5.3 On-Premise Low-Code Development Platform
Chapter 6 Low-Code Development Platform Market Organization Size Outlook
6.1 Market Size Estimates and Forecast and Trend Analysis, 2018-2030 (USD Million)
6.2 Analysis of Movements in Organization Size and Market Share, 2021 and 2030
6.3 SME Low-Code Development Platform Market
6.4 Large Enterprises Low-Code Development Platform Market
Chapter 7 Low-Code Development Platform Market End-Use Outlook
7.1 Market Size Estimates and Forecast and Trend Analysis, 2018-2030 (USD Million)
7.2 End-Use Movement Analysis and Market Share, 2021 and 2030
7.3 BFSI
7.4 Automotive and Manufacturing
7.5 Retailing
7.6 Education
7.7 IT and Telecom
7.8 Transportation and Logistics
7.9 Other
Chapter 8 Low-Code Development Platform Market Regional Outlook
8.1 Low-Code Development Platform Market, By Region, 2021 and 2030
8.2 Regional and Market Share Movement Analysis, 2021 and 2030
8.3 North America
8.3.1 US
8.3.2 Canada
8.4 Europe
8.4.1 Germany
8.4.2 UK
8.5 Asia Pacific
8.5.1 China
8.5.2 Japan
8.5.3 India
8.6 Latin America
8.6.1 Brazil
8.6.2 Mexico
8.7 MEA
Chapter 9 Competitive Landscape
9.1 Appian
9.1.1 Company Overview
9.1.2 Financial Performance
9.1.3 Product Benchmarking
9.1.4 Recent Developments
9.2 Creation
9.2.1 Company Overview
9.2.2 Product Benchmarking
9.2.3 Recent Developments
9.3 LANDSCAPE
9.3.1 Company Overview
9.3.2 Product Benchmarking
9.3.3 Recent Developments
9.4 Mendix Technology BV
9.4.1 Company Overview
9.4.2 Product Benchmarking
9.4.3 Recent Developments
9.5 Microsoft
9.5.1 Company Overview
9.5.2 Financial Performance
9.5.3 Product Benchmarking
9.5.4 Recent Developments
9.6 Oracle
9.6.1 Company Overview
9.6.2 Financial Performance
9.6.3 Product Benchmarking
9.6.4 Recent Developments
9.7 OutSystems
9.7.1 Company Overview
9.7.2 Product Benchmarking
9.7.3 Recent Developments
9.8 Pegasystems Inc.
9.8.1 Company Overview
9.8.2 Product Benchmarking
9.8.3 Recent Developments
9.9 Quickbase
9.9.1 Company Overview
9.9.2 Product Benchmarking
9.9.3 Recent Developments
9.10 Salesforce, Inc.
9.10.1 Company Overview
9.10.2 Financial Performance
9.10.3 Product Benchmarking
9.10.4 Recent Developments
9.11 Service today
9.11.1 Company Overview
9.11.2 Financial Performance
9.11.3 Product Benchmarking
9.11.4 Recent Developments
9.12 Zoho Corporation Pvt. Ltd.
9.12.1 Company Overview
9.12.2 Product Benchmarking
9.12.3 Recent Developments
For more information about this report visit https://www.researchandmarkets.com/r/kupjae
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Global Low-code Development Platform Market