Low-Code Development Platform Market size was valued at USD 22.04 Bn. in 2022 and the total Low-Code Development Platform revenue is expected to grow at 27.8% from 2023 to 2029, reaching nearly USD 122.75 Bn.
Low-Code Development Platform Market Overview:
The primary goal of this research is to assist the user in understanding the Low-Code Development Platform market in terms of definition, segmentation, market potential, significant trends, and the problems that the Low-Code Development Platform industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Market Dynamic:
The increased emphasis on improving business operations drives digitization throughout organisations worldwide. Regardless of industry, all firms are providing digital tools to their workers, employees, and staff. Businesses employ technological innovation to improve services and increase revenue by simplifying labour operations. According to Dell's Digital Transformation Index, 8 out of 10 businesses will have progressed their digital transformation by 2020.
Segmentation:
Due to the increasing requirement to digitise financial services such as origination, client onboarding, self-service, back office operations, and so on, the BFSI category maintained the greatest revenue share of more than 30% in 2022. They are becoming more interested in low-code development platforms in order to improve user experiences, reduce operational costs, increase organisational agility, and reduce time to market.
The many generations of technical advances have dramatically impacted the way financial service (FS) organisations create value for their clients, employees, and other stakeholders. The ongoing need to innovate, meet regulatory requirements, and solve problems faster than ever before is increasing demand for apps and software solutions. Financial services firms are increasingly turning to minimal-code platforms for rapid application development.
Global Low-Code Development Platform Market, by Component (2022-2029)
• Solution
• Services
Global Low-Code Development Platform Market, by Organization Size (2022-2029)
• Small And Medium-Sized Enterprises (SMEs)
• Large Enterprises
Global Low-Code Development Platform Market, by Deployment Mode (2022-2029)
• Cloud
• On-premises
Global Low-Code Development Platform Market, by Application Type (2022-2029)
• Web-Based
• Mobile-Based
Global Low-Code Development Platform Market, by Industry (2022-2029)
• Banking, Financial Services, And Insurance (BFSI)
• Telecom And IT
• Government
• Energy And Utilities
• Manufacturing
• Healthcare And Life Sciences
• Retail And Ecommerce
• Media And Entertainment
• Education
• Others (Travel And Tourism, And Transportation And Logistics)
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Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Low-Code Development Platform market are
1. Caspio (US)
2. OutSystems (US)
3. Appian (US)
4. Salesforce (US)
5. Quickbase, Inc. (US)
6. LANSA INC (US)
7. ServiceNow (US)
8. AgilePoint, Inc. (US)
9. Bizagi (US)
10.Microsoft Corporation (US)
11.Oracle Corporation (US)
12.Pegasystems Inc (US)
13.KissFlow (US)
14.Blazedpath (US)
15.Mendix Technology BV (Netherlands)
16.Appsemble BV. (Netherlands)
17.Novulo (Netherlands)
18.Smart Shaped SRL (Italy)
19.Aurachain (Romania)
20.ClickPaas (China)
21.eNextCloud (India)
22.Zoho Corporation (India)
23.Magic Software Enterprises Ltd (Israel)
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Regional Analysis:
The report focuses on Global Regions and Market Size of Low-Code Development Platform , and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Low-Code Development Platform Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Low-Code Development Platform industry in 2021.
See also Immunocytokines Market: Revolutionizing Industries with Disruptive Growth Strategies
Key Questions answered in the Low-Code Development Platform Market Report are:
- What is the function of Low-Code Development Platform ?
- What is the predicted revenue generation of the Low-Code Development Platform market?
- At what growth rate is the Low-Code Development Platform market evolving?
- Who are the major market giants operating in the Low-Code Development Platform market?
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