Low Code Development Platform Market Analysis 2020-2027: Key Findings, Regional Analysis, Key Players Profiles and Future Prospects
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 2017 to 2023.
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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