According to Planet Market Reports, The Global Low-Code Development Platform Market was valued at USD 5.98 Billion in 2018 and is projected to reach USD 112.43 Billion by 2026, growing at a CAGR of 44.3% from 2019 to 2026.
What is Low-Code Development Platform?
Low code can be described as a process to design and develop enterprise grade applications fast and with minimal coding. This process ensures half the investment in training, development and set up. It helps skilled people to deliver value and information quickly and reliably. In addition, this platform helps to drive innovations involving business and technical teams to work together towards digital transformation. Low-Code Development platform generally consists of similar set of building blocks , with the help of which enterprise developers create applications faster and with less code.
The latest survey on Global Low-Code Development Platform Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunity available and trend in the Low-Code Development Platform Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report aims to present the analysis of Global Low-Code Development Platform Market, By Component, By Region - North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.
Global Low-Code Development Platform Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Low code development platform has the ability to build more apps in less time which leads to low cost investment and hence is practiced in many companies. Large, medium and small-scale enterprises are adopting this platform as they are allowed to integrate with the IT management. In addition, Application Development and Delivery AD&D professionals are focusing towards developing customer centric applications. The ease of development of web and mobile apps are pushing organizations to adopt the low-code development platform solution. Owing to these factors low code development is gaining popularity. Moreover, rising demand for software automation & innovative applications, and the easy-to-deploy feature, is also enhancing the growth of low-cost development market.
However, the challenges such as customization and platform-related shortcomings are expected to restraint the growth of low code development platform market in the forecast period. The toolkits available in the market are not sufficient enough to analyze and resolve the customization issues in apps. This challenge is likely to limit the market growth for low code development platforms.
Planet Market Reports narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Low-Code Development Platform Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Low-Code Development Platform Market Competitive Landscape
The “Global Low-Code Development Platform Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Appian US , Salesforce US , ServiceNow US , AgilePoint US , Bizagi UK , Caspio US , K2 US , MatsSoft Limited UK , Mendix US , and OutSystems US . Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Low-Code Development Platform Market, By Component
o Professional services
o Managed services
Global Low-Code Development Platform Market, By Deployment mode
Global Low-Code Development Platform Market, By Organization size
• Small and Medium-sized Enterprises SMEs
• Large enterprises
Global Low-Code Development Platform Market, By Vertical
• Banking, Financial Services, and Insurance BFSI
• Telecom and IT
• Healthcare and life sciences
Global Low-Code Development Platform Market, By Application type
Global Low-Code Development Platform Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value USD Billion data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support
Customization of the Report
• In case of any queries or customization requirements please connect with our sales team, who will ensure that your requirements are met.
1.1 Overview of the Market
1.2 Scope of Report
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF Planet Market Reports
3.1 Data Mining
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL LOW-CODE DEVELOPMENT PLATFORM MARKET OUTLOOK
4.2 Market Dynamics
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL LOW-CODE DEVELOPMENT PLATFORM MARKET, BY COMPONENT
5.3.1 Professional services
5.3.2 Managed services
6 GLOBAL LOW-CODE DEVELOPMENT PLATFORM MARKET, BY DEPLOYMENT MODE
7 GLOBAL LOW-CODE DEVELOPMENT PLATFORM MARKET, BY ORGANIZATION SIZE
7.2 Small and Medium-sized Enterprises SMEs
7.3 Large enterprises
8 GLOBAL LOW-CODE DEVELOPMENT PLATFORM MARKET, BY VERTICAL
8.2 Banking, Financial Services, and Insurance BFSI
8.3 Telecom and IT
8.6 Healthcare and life sciences
9 GLOBAL LOW-CODE DEVELOPMENT PLATFORM MARKET, BY GEOGRAPHY
9.2 North America
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Latin America
9.5.2 Middle East
10 GLOBAL LOW-CODE DEVELOPMENT PLATFORM MARKETCOMPETITIVE LANDSCAPE
10.2 Company Market Ranking
10.3 Key Development Strategies
11 COMPANY PROFILES
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments
11.8 MatsSoft Limited
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments
12.1 Related Research
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Planet Market Reports added Latest and detailed market study report that focuses on “Global Low-Code Development Platform Market" Which offers essential information based on fresh ideas into Global Low-Code Development Platform Market industry along with unique market analysis which covers current top Manufactures in Global Low-Code Development Platform Market, growth, Consumption Demand, challenges, Historical data, subjects wise Survey of each chapters, Regional Insights, and Advancing industry trends, which will help our clients to aim Global Low-Code Development Platform Market. In addition, the report helps the customers to get a brief idea about Future demand and specifications of products which ensures the driving long-term income and productivity of global market.