Low-Code Development Platform Market: Global Overview and Forecast (2023-2029)
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 purpose of this study is to provide a thorough examination of the Low-Code Development Platform market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Low-Code Development Platform market's growth. The study also offers a comprehensive analysis of the market's value chain.

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Market Scope:

The research method used to assess and anticipate the Low-Code Development Platform market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Low-Code Development Platform market was calculated using the revenue of significant enterprises.

Drivers:

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.

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)

Key Players:

The major players covered in the Low-Code Development Platform market report 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:

Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

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

Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Low-Code Development Platform market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Low-Code Development Platform industry, which is driving through the COVID-19 emergency to handle risk digitising jobs in order to convey trusted data and experiences to the CEOs.

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

Which segment grabbed the largest share in the Low-Code Development Platform market?
How was the competitive scenario of the Low-Code Development Platform market in 2020?
Which are the key factors responsible for the Low-Code Development Platform market growth?
Which region held the maximum share in the Low-Code Development Platform market in 2020?
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