Press release
Low-Code Development Platform Market to Reach USD 122.75 Bn by 2029, emerging at a CAGR of 27.8 percent and forecast 2023-2029
Low-Code Development Platform Market
Low-code is a revolutionary visual development approach for application development, leveraging the power of abstraction. Low-code platforms come equipped with user-friendly visual builders, pre-built code snippets, form and report templates, and built-in integrations, which accelerate application development and expand the innovation potential to a broader audience.
This groundbreaking technology, coupled with visual tools, simplifies complex tasks. It empowers anyone to design application software, moving away from traditional development methods. Low-code development platforms offer robust tools for creating applications or systems, alongside inputs, outputs, and business logic. Low-code takes a more visual approach to crafting business applications, enabling "citizen developers," including designers and business owners, to effortlessly construct and test apps without the need for developers.
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Low-Code Development Platform Market Research Methodology:
Maximize's report is underpinned by a robust research methodology that combines primary and secondary data sources. Primary sources include interviews with industry experts, CEOs, vice presidents, marketing directors, technology and innovation directors, and executives from major organizations actively participating in the low-code development platform market. Primary interviews were conducted on both the supply and demand sides. Secondary sources used for data collection encompass annual reports, press releases, investor presentations, white papers, articles authored by respected experts, websites, directories, and databases. The report employs various analytical tools such as value chain analysis, PESTLE analysis, and the PORTER'S Five Forces model to offer a comprehensive understanding of the market dynamics.
What are Low-Code Development Platform Market Dynamics:
The report highlights the rapidly growing communication sector as a primary driver for the Low-Code Development Platform market. Supportive policies for fixed-line devices from telecom regulatory authorities are another driving force. The need to significantly expand current fiber optic infrastructure to accommodate the forthcoming 5G wireless standard is expected to bolster market growth. The surge in smartphone penetration in the United States is a prominent driver, while the increase in the utilization of wireless communication tools has led to reduced demand for traditional fixed-line equipment.
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What is Low-Code Development Platform Market Segmentation:
by Component
Solution
Services
by Deployment Mode
On-Premises
Cloud
by Application Type
Web-Based
Mobile-Based
by Organization Size
Small And Medium-Sized Enterprises (SMEs)
Large Enterprises
by Industry
Banking, Financial Services, And Insurance (BFSI)
Telecom And IT
Government
Energy And Utilities
Manufacturing
Healthcare And Life Sciences
Retail And Ecommerce
Media And Entertainment
Education
Others (Travel And Tourism, And Transportation And Logistics)
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Who are Low-Code Development Platform Market Key Players:
1. Caspio (US)
2. OutSystems (US)
3. Appian (US)
4. Salesforce (US)
5. Quickbase, Inc. (US)
6. LANSA INC (US)
7. ServiceNow (US)
8. AgilePoint, Inc. (US)
9. Bizagi (US)
10.Microsoft Corporation (US)
11.Oracle Corporation (US)
12.Pegasystems Inc (US)
13.KissFlow (US)
14.Blazedpath (US)
15.Mendix Technology BV (Netherlands)
16.Appsemble BV. (Netherlands)
17.Novulo (Netherlands)
18.Smart Shaped SRL (Italy)
19.Aurachain (Romania)
20.ClickPaas (China)
21.eNextCloud (India)
22.Zoho Corporation (India)
23.Magic Software Enterprises Ltd (Israel)
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Table of content for the Low-Code Development Platform Market includes:
Low-Code Development Platform Market: Research Methodology
Low-Code Development Platform Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Low-Code Development Platform Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Low-Code Development Platform Market Regional Insights:
North America: Dominated the Low-Code Development Platform market with the highest market share in 2022, around 35%. North America is poised to maintain its dominance at the end of the forecast period. The region boasts a significant presence of several leading regional organizations focused on creating innovative products and services, fueling market growth. The United States and Canada, with their robust economic conditions, are expected to be major contributors to the low-code development platform market's growth. Geographical presence, substantial Research and Development (R&D) activities, partnerships, acquisitions, and mergers are key factors for deploying low-code development platforms and services.
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Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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