Global Low Code Development Platform Market to Grow Robustly at 54.5% CAGR by 2025

In order to study the various trends and patterns prevailing in the overall market for low code development platform, Market Research Reports Search Engine (MRRSE) has included a new report titled “Global Low Code Development Platform Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The global low code development platform market was valued at US$ 1,647.0 Mn in 2015 and is anticipated to increase at a CAGR of 54.5% from 2017 to 2025. A low-code development platform bundles all components together into a single intelligible set of tools that enables to create applications visually. In addition, the growing requirement for software automation and innovative applications for business procedures forced software developers to build custom applications in volume. Low code development platform have the capability to build and deploy applications seamlessly with a minimum of hand-coding, minimal upfront investment in setup, training, and deployment. Furthermore, low code development platforms offer an exceptional communication mechanism to support business and IT stakeholders, thus ensuring better software quality and more effective business results. Moreover, the market for app development has outgrown the information and communication technologies market in the past few years, and its growth is estimated to accelerate in the future.

Application development and delivery (AD&D) leaders are more focused on adopting these platforms as an important tool for creating noncritical applications utilizing nontraditional developer talent. AD&D professionals are gaining confidence that low-code development platforms can support rapid delivery of even more complex, large, and trustworthy customer solutions. Therefore, increasing investment in development platforms across the globe is expected to drive the growth of the low code development platform market. Apart from this, Low-code platforms are expected to make life easier for many small and medium businesses, especially considering the cost of bringing on new and more developers. Consequently, this is impelling the demand for the low code development platform among end-users.

Global Low Code Development Platform Market: Key Segments

Low code development platform market is bifurcated by type and deployment type. By type, the global low code development platform market is categorized into general purpose platform, mobile - first app platform, database app platform, request handling platform, process app platform and others. Among these, mobile - first app platform and general purpose platform are the major segments which are expected to fuel the growth of low code development platform market over the forecast period. Based on deployment type, the market is segmented into on-premise and cloud-based. Furthermore, the cloud-based deployment segment is further categorized into public, private and hybrid. Among these deployment type, hybrid cloud is the key segment which is expected to enhance the growth of low code development platform market around the globe.

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Global Low Code Development Platform Market: Competitive Outlook

The report also includes competitive profiling of the key players associated with the low code development platform around the globe. The important business strategies adopted by them, their market positioning, financials, SWOT analysis and recent developments have also been identified in the research report. The competitive landscape section of the report also gives an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the future.

Some of the major players in global low code development platform market are AgilePoint, Bizagi Appian Corporation, Caspio, Inc., Mendix, OutSystems, MatsSoft Inc., Salesforce.com, Inc., Microsoft Corporation and Google Inc. Details such as financials, business strategies, SWOT analysis, recent developments, and other such strategic information pertaining to these players has been duly provided as part of company profiling.

Market Segmentation:

Low Code Development Platform Market, by Deployment

Cloud
Private
Public
Hybrid
On-premise
Low Code Development Platform Market, by Type

General Purpose Platform
Database App Platform
Mobile - First App Platform
Process App Platform
Request Handling Platform
Others
In addition, the report provides analysis of the Low Code Development Platform Market with respect to the following geographic segments:

North America
The U.S.
Canada
Rest of North America
Europe
The U.K.
Germany
France
Rest of Europe
Asia Pacific (APAC)
India
China
Japan
Australia
Rest of APAC
Middle East and Africa (MEA)
GCC Countries
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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This release was published on openPR.