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Low Code Development Platform Market Growth Analysis 2027| OutSystems, Salesforce, Mendix, Caspio , Google Inc, Appian , MatsSoft , Microsoft Corporation, K2, AgilePoint

01-14-2022 08:44 AM CET | IT, New Media & Software

Press release from: Market Research Future

Low Code Development Platform Market

Low Code Development Platform Market

Low Code Development Platform Market Highlights:

As per the analysis by the Market Research Future Reports (MRFR), the global low code development platform market is estimated to grow at a CAGR of 32% during the forecast period from 2017 to 2023. There has been an increase in demand for software solutions and innovative applications due to enormous investment from the developed countries in the I.T. firms. The rising demand for apps for the business processes and rising number of application programming interface (API) offerings by the solution vendors are likely to be the important factors escalating the low code development during the review period. Besides, the perpetual evolution in the digitalization of I.T. firms has also aided considerably in the expansion of the global low code development platform market 2020.

The low code development provides no coding techniques or low techniques, which lessens expenses and investment of time for the Low Code Development Platform Market, which is of great benefit to the organizations. However, the customization based apps for the business organizations are likely to be a challenging factor for the low code development market during the forecast period from 2020 to 2027.

The COVID-19 pandemic disruption is estimated to transform the Low Code Development Platform Market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the Low Code Development Platform Market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.

Major Key Players:

The forefront players in the low code development platform market are OutSystems(U.S.), Salesforce (U.S.), Mendix(U.S.), Caspio (U.S.), Google Inc., (U.S.), Appian (U.S.), MatsSoft (U.K), Microsoft Corporation (U.S.), K2(U.S.), AgilePoint (U.S.), Bizagi (U.K), Service now (U.S.), TrackVia Inc. (U.S.), and Kony Inc, (U.S).

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Market Segmentation:
The low code development platform market is divided on the basis of component, type, organization size, deployment, applications, and region.

• On the basis of components, the low code development platform can be segregated on the basis of Service and solution. The solution-based low code development is categorized into web solutions and mobile solutions. Further, the service based low code development consists of managed services and professional services.

• On the basis of type, the low code development platform can be segregated into a general-purpose platform, database app platform, request handling platform, and process app platform.

• On the basis of organization size, the low code development platform can be segregated into small and medium enterprises and large enterprises.

• On the basis of deployment, the low code development platform can be segregated into the cloud and on-premises. The cloud, the segment is further classified into hybrid, private, and public.

• On the basis of applications, the low code development platform can be segregated into construction, financial services, and Insurance (BFSI), banking, retail, healthcare, I.T. & telecommunication, transportation & logistics, media & entertainment, and others.

• On the basis of region, the low code development platform can be segregated into Asia-Pacific, North America, Latin America, and the Middle East and Africa.

Regional Analysis:

On the basis of region, the low code development platform is divided into Asia-Pacific, North America, Latin America, and the Middle East and Africa. As per the analysis by the MRFR team, the North American region is leading the global low code development platform market. With the constant rise in the number of internet users and advancement in the web and mobile applications for the business organization, the market is likely to expand considerably.

The U.S. is the dominating country due to the presence of a large number of low code development platform providers. The Europe market is estimated to experience in the low code development platform in the forthcoming period. The APAC region is estimated to have a considerable growth during the forecast period from 2017 to 2023. The increasing investment in I.T. solutions and increased demand for mobile-based apps for the business organization has aided in propelling the market in the region.

Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….

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List of Tables
Table1 World Population By Major Regions (2017 To 2023)
Table2 Global Low Code Development Platform Market: By Region, 2017-2023
Table3 North America Low Code Development Platform Market: By Country, 2017-2023
Continued….

List of Figures
Figure 1 Global Low Code Development Platform Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porters’ Five Forces Analysis Of Global Low Code Development Platform Market
Continued….

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About Market Research Future:
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

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