Low Code Development Platform Market 2021 Competitive Insights and Precise Outlook - Salesforce.com Inc., Microsoft Corporation, Appian Corporation, Oracle Corporation

The Low Code Development Platform Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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

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Top Leading Companies of Low Code Development Platform Market are 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. and others.

Industry News and Updates

- May 2020 - Claris International Inc, has 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, machine learning via Apple’s 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.

Key Market Trends

North America is Expected to hold the Largest Market Share

- The North America region is expected to hold the largest market share as it has the presence of prominent as well as dominant players in the market, offering low-code development platforms. Some of these players are Salesforce, Mendix, Nintex, OutSystems, Quick Base, and Microsoft, among others. Out of these, Microsoft and Salesforce have close competition.
- Additionally, the region has a greater opportunity for the studied market. According to the US Bureau of Labor, the IT sector in the country has limited bandwidth and has an ever-growing backlog of requests. There are over 200 thousand software development job openings in the country and only 30,000 computer science majors graduating annually. This is estimated to create more demand for low-code development platforms, as it enables the creation of applications by non-developers.
- The BFSI companies in the region are also actively adopting low-code development platforms. US-based Newgen Software has mentioned of helping several leading financial institutions in the United States to quickly process and disburse loans to their customers with its low-code development platform, under the SBA Paycheck Protection Program (PPP).

Regional Outlook of Low Code Development Platform Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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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.

Analytical Tools: The 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, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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