Low-Code Development Platform Market Trends, Segmentation, Regional Outlook, Future Plans and Forecast to 2029


Posted September 6, 2023 by nirankammr

Low-Code Development Platform Market size was valued at USD 22.04 Bn. in 2022 and the total Low-Code Development Platform revenue is expected to grow at 27.8% from 2023 to 2029, reaching nearly USD 122.75 Bn.
 
Low-Code Development Platform Market Overview

Maximize Market Research’s new report, Global Low-Code Development Platform Market 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Low-Code Development Platform Market.

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Low-Code Development Platform Market Scope and Methodology

The report comprehensively assesses the Low-Code Development Platform Market’s size estimation, encompassing existing and upcoming trends. It delivers an extensive examination of pivotal advancements, marketing tactics, supply and demand indicators, and profiles of market proprietors, leaders, potential contenders, and new entrants. Employing a bottom-up approach, the report estimates the Low-Code Development Platform Market. Primary data sources involve interviews with notable industry experts, business owners, and marketing specialists, while secondary sources encompass financial reviews and annual reports of top manufacturers. For comprehensive insights into market penetration, competitive landscape, demand analysis, and regional evaluation, the study spans local, regional, and global levels.

Low-Code Development Platform Market Dynamics:

The rising emphasis on improving company operations increases digitalization across organizations globally. All businesses, regardless of industry, are providing digital tools to their workers, employees, and staff. Businesses use technology innovation to provide better services and boost revenue through simpler labor procedures. According to Dell's Digital Transformation Index, in 2020, 8 out of 10 enterprises have advanced their digital transformation.

Nevertheless, to shift to online platforms, businesses and their employees must have extensive technological knowledge. According to the survey, up to 61% of stakeholders claimed that they only adopt 50% of the IT solutions presented. However, qualified individuals with proper knowledge and expertise are difficult to locate and keep. Bitkom, for example, had 55,000 open posts in 2022 due to a lack of IT specialty among candidates. Low-code development platforms have emerged as critical tools for digital transformation. It lowers resource expenses by delegating greater power to the development team. As a result, platform growth is projected to be fueled by the increased need to address the urgent business model requirements of digital transformation.

Low-Code Development Platform Market Regional Insights

The Low-Code Development Platform Market exhibits extensive categorization across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis furnishes the current status of the Low-Code Development Platform Market within the countries covered. This report offers a comprehensive assessment of factors, market dimensions, growth rates, and regional import-export dynamics.

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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)

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)

Key questions answered in the Low-Code Development Platform Market are:

What is Low-Code Development Platform Market ?
What was the Low-Code Development Platform Market size in 2022?
What are the different segments of the Low-Code Development Platform Market?
What growth strategies are the players considering to increase their presence in Low-Code Development Platform Market ?
What are the upcoming industry applications and trends for the Low-Code Development Platform Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Low-Code Development Platform Market?
Who are the key players in the Low-Code Development Platform Market?
What segments are covered in the Low-Code Development Platform Market?
Who are the leading companies and what are their portfolios in Low-Code Development Platform Market?
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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
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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About Maximize Market Research:

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Issued By MMR
Country India
Categories Affiliate Program , Blogging , Business
Tags lowcode development platform market , lowcode development platform market size , lowcode development platform market scope
Last Updated September 6, 2023