Low Code Development Platform Market Latest Technology Advancements, Growth and Huge Growth Opportunities 2021 to 2025

The report presents an in-depth assessment of the Low Code Development Platform Market including enabling technologies, key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Low Code Development Platform investments from 2021 till 2025.

The low code development platform market is expected to witness a CAGR of 27.9% during the forecast period (2020-2025).

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Low Code Development Platform Market: Salesforce.com Inc., Microsoft Corporation, Appian Corporation, Oracle Corporation, Pegasystems Inc., Magic Software Enterprises Ltd, AgilePoint Inc., Outsystems Inc., Mendix Inc., ZOHO Corporation, QuickBase Inc.

Key Developments:

- May 2020 - Claris International Inc. announced the launch of its latest FileMaker 19, the low-code development platform for businesses. This is enabling the rapid production of custom apps using JavaScript integrations, drag-and-drop add-ons, and machine learning via Apples Core ML.
- May 2020 - Microsoft announced the acquisition of Softomotive, a provider of robotic process automation (RPA). With this acquisition, the company has planned to deliver a comprehensive low-code desktop automation solution with a WinAutomation form Softomotive.

Market Overview:

The use of the low code development platform has increased across the world due to the rapid increase in the need for digitization and a strong ecosystem developed for Agile and DevOps practices.
- Global businesses are increasingly demanding for modern multichannel applications to gain a competitive advantage, creating add-on pressure on the development team. Hence, the organizations are in constant search of developers. The low-code developer platform enables the organization with high productivity for accelerating its delivery of business applications and offering better customer experiences.
- In recent years, the adoption of a low-code development platform increased by the Accidental Death and Dismemberment (AD&D)services in the insurance sector, as they need governance strategies immediately and need more flexibility with analysis. Hence, these organizations are looking forward to raising AD&D responsiveness by pushing low-code platforms into the business unit and enlisting businesspeople to assist with the ongoing projects.
- The SATA Group Airlines has mentioned partnering with Outsystems for acquiring its low-code development platform. With this deployment, the company has enabled customer's needs as the center of the development process and create greater value for the business.

Regional Analysis:

For comprehensive understanding of market dynamics, the global Low Code Development Platform Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key Market Trends
Information Technology Segment to Witness Significant Growth
- In recent past years, IT professionals have been showing greater interest in the low-code development platforms because of significant payoffs it offers for their own developers, and for their customers relying on their software applications. According to the recent survey conducted by Salesforce.com has concluded that over 67% of IT professions are extremely interested in low-code development in 2019. The figure grew from 48% two years before.
- The organizations that have been actively focused on technology advancement with low-code development in the IT sector are expected to gain the biggest impact across the business departments, and their ability to staff more people towards for complex tasks.
- However, as the market is still emerging in the market, it needs for the governance and training for staff. The IT sector lacks confidence in non-developer staff for creating application development. Appian Corporation has mentioned that less than 24% of IT organizations have appropriate IT governance processes for non-developers to create applications. Additionally, only close to one-third of the IT organizations have proper training programs to empower non-developers to use low-code development techniques. This is expected to create hinder the studied market growth.

The report has 150 tables and figures browse the report description and TOC:

https://www.marketinsightsreports.com/reports/10192355903/low-code-development-platform-market-growth-trends-forecasts-2020-2025?Mode=48       

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Low Code Development Platform Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Low Code Development Platform Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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