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:

The primary goal of this research is to assist the user in understanding the   Low-Code Development Platform market in terms of definition, segmentation, market potential, significant trends, and the problems that the   Low-Code Development Platform  industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

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Market Scope:

The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

Segmentation:

Because of the growing demand for financial services to be digitalized, including origination, client onboarding, self-servicing, back office operations, etc., the BFSI segment had the greatest revenue share by industry in 2022, accounting for over 30% of total revenue. Low-code development platforms are gaining popularity among them as a way to enhance user experiences, cut down on operating expenses, foster organisational agility, and accelerate time to market.

 

Global Low-Code Development Platform Market, by Component (2022-2029)
• Solution
• Services
Global Low-Code Development Platform Market, by Organization Size (2022-2029)
• Small And Medium-Sized Enterprises (SMEs)
• Large Enterprises
Global Low-Code Development Platform Market, by Deployment Mode (2022-2029)
• Cloud
• On-premises
Global Low-Code Development Platform Market, by Application Type (2022-2029)
• Web-Based
• Mobile-Based
Global Low-Code Development Platform Market, by Industry (2022-2029)
• 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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Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the   Low-Code Development Platform  market are

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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Regional Analysis:

The report focuses on Global Regions and Market Size of   Low-Code Development Platform , and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.

COVID-19 Impact Analysis on   Low-Code Development Platform  Market:

The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the   Low-Code Development Platform  industry in 2021.

See also  Immunocytokines Market: Revolutionizing Industries with Disruptive Growth Strategies

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

  • What is the function of   Low-Code Development Platform ?
  • What is the predicted revenue generation of the   Low-Code Development Platform  market?
  • At what growth rate is the   Low-Code Development Platform  market evolving?
  • Who are the major market giants operating in the   Low-Code Development Platform  market?

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