Low-Code Development Platform Market Growth 2022 : Size, Analysis, Key Players, And Global Forecast Till 2031

The global low-code development platform market report by the business research company identifies the increasing demand for applications for business organizations is expected globally to be a major growth driver for the low-code development platform market. Low code is a coding-based software that allows business unit optimized business processes users to create and manage applications quickly with less manual coding. According to the bureau of labor statistics, a USA-based department of labor indicated there will be a shortage of engineers by 2026 by 1.2 million. Moreover, only 39.6% of candidates for IT job opportunities fulfill all of the employer's standards. This will create a demand for low code platforms where tasks can be completed automatically with precision.

The global low-code development platform market size is expected to grow from $19.37 billion in 2021 to $25.16 billion in 2022 at a compound annual growth rate (CAGR) of 29.9%. The global low-code development platform market size is expected to grow to $68.84 billion in 2026 at a CAGR of 28.6%.

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Major players in the low-code development platform market are AgilePoint, Appian Corporation, Caspio Inc, Fujitsu RunMyProcess, LANSA, Magic Software Enterprises Ltd., MatsSoft Limited, Mendix Technology, Microsoft Corporation, Netcall, Oracle Corporation, Outsystems Inc, Pegasystems Inc, QuickBase Inc, ServiceNow Inc, WaveMaker, Zoho, Alphabet Inc, Google Inc, and TrackVia.

The global low-code development platform market is segmented -
1) By Component: Platform, Services

2) By Application: Web-Based, Mobile-Based, Desktop and Server-Based

3) By Organization Size: Small and Medium-Sized Enterprises (SMEs), Large Enterprises

4) By Industry: Banking, Financial Services, and Insurance (BFSI), Retail and eCommerce, Government and Defense, Healthcare, IT, Energy and Utilities, Manufacturing

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The Low-Code Development Platform Market Report Contents Include
1. Executive Summary
2. Low Code Development Platform Market Characteristics
3. Low Code Development Platform Market Trends And Strategies
4. Impact Of COVID-19 On Low Code Development Platform
5. Low Code Development Platform Market Size And Growth
....
26. Africa Low Code Development Platform Market
27. Low Code Development Platform Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Low Code Development Platform Market
29. Low Code Development Platform Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the low-code development platform market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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