Press release
Low-Code Development Platform Market to Expand in Coming Years Projected to Reach worth $125.6 Billion by 2031
Low-Code Development Platform Market
The report offers an in-depth examination of key investment opportunities, winning market strategies, growth drivers, potential challenges, market sizing and forecasts, the competitive environment, and evolving industry trends. This analysis is designed to serve stakeholders-including market leaders, new entrants, investors, and shareholders-in formulating strategic plans to enhance their positioning in the competitive landscape.
Download Sample Report (Get Full Insights in PDF - 405 Pages) at: https://www.alliedmarketresearch.com/request-sample/A09592
Impact of COVID-19:
1. The adoption of low-code development platforms accelerated notably during the COVID-19 pandemic. Businesses faced an urgent need to automate operational processes and fast-track digital transformation efforts, which in turn drove demand for low-code solutions.
2. These platforms enabled organizations to enhance workflow efficiencies and scale up automation projects rapidly with minimal hand-coding, addressing the rising complexity in IT requirements during the crisis.
3. As a result, significant investments were directed toward low-code technologies, positioning them as a strategic asset for business continuity and innovation in the forecast period.
Market Segmentation Analysis:
The market is segmented based on Component, Deployment Mode, Application Type, Enterprise Size, Industry Vertical, and Region. The report presents these segments using both tabular data and graphical insights, aiding stakeholders in identifying the highest revenue contributors and segments with the fastest growth potential.
Buy Now & Get Exclusive Report at: https://www.alliedmarketresearch.com/checkout-final/4b425e0f31c6498f65c344ed2c4bec27
By Component:
The platform component accounted for the majority market share in 2021, contributing approximately two-thirds of the total revenue.
The services component is expected to be the fastest-growing segment, with a projected CAGR of 31.6% throughout the forecast timeline.
By Deployment Mode:
Cloud-based deployment was the dominant model in 2021, representing over half of the total market share.
Meanwhile, on-premise deployment is expected to grow at a CAGR of 23.2% from 2022 to 2031, reflecting growing security and compliance considerations in certain industries.
By Enterprise Size:
Large enterprises led the market in 2021, generating more than 60% of the total revenue.
However, small and medium-sized enterprises (SMEs) are projected to witness the highest growth, with a CAGR of 30.1%, driven by the rising accessibility and affordability of low-code platforms.
Access the full Report Summary at: https://www.alliedmarketresearch.com/low-code-development-platform-market-A09592
By Application Type:
Mobile-based applications were the leading application type in 2021, contributing over 40% of the total market revenue.
Web-based applications are anticipated to register the fastest growth during the forecast period, with a CAGR of 31.2%.
The report also includes analysis of desktop and server-based applications.
By Industry Vertical:
The IT and telecom sector emerged as the largest contributor in 2021, accounting for nearly one-third of the overall market.
The banking, financial services, and insurance (BFSI) sector is expected to grow at the fastest rate, with a CAGR of 34.6%, owing to rising demand for digital financial services and process automation.
Other industries examined include manufacturing, government, healthcare, retail and e-commerce, and others.
By Region:
North America led the global market in 2021, generating around 40% of the total revenue, thanks to high digital maturity and a strong presence of key market players.
The Asia-Pacific region is forecasted to exhibit the highest CAGR of 30.6%, driven by increasing digitization, economic development, and supportive government initiatives in countries such as India and China.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/A09592
Key Market Players:
The report highlights major industry participants including AgilePoint Inc., Appian Corporation, Mendix Technology BV, Microsoft Corporation, Oracle Corporation, OutSystems Inc., Pegasystems Inc., Salesforce.com Inc., ServiceNow Inc., and Zoho Corporation Pvt. Ltd. These companies are actively pursuing strategies such as partnerships, geographic expansion, collaborations, and joint ventures to strengthen their market presence and innovation capabilities. The study outlines each player's performance, competitive advantage, and contributions to industry advancements.
This thorough analysis offers stakeholders a strategic blueprint for understanding market dynamics and capitalizing on emerging growth opportunities within the low-code development platform industry.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: + 1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Low-Code Development Platform Market to Expand in Coming Years Projected to Reach worth $125.6 Billion by 2031 here
News-ID: 4020329 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
