About Low Code Development Platform
Developers are in high demand and short supply and numerous organizations are left without the tech ability expected to assemble applications or mechanize business measures as pressure for new software to support digital transformation efforts mounts. Low-code development platforms offer quick iterative delivery of new enterprise applications. So you can build great apps. Innovate faster. Companies that can’t hire developers can still build apps using low-code platforms. These platforms provide tech and business specialists with no coding experience to build apps and possibly fill talent gaps in their organization.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions expansions investments new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Low Code Development Platform market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Salesforce (United States), Microsoft (United States), AgilePoint (United States), OutSystems (United States), Zoho (India), Appian (United States), Oracle (United States), Fujitsu RunMyProcess (France) and Netcall (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Pegasystems (United States), Magic Software Enterprises (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Low Code Development Platform market by and Region.
On the basis of geography, the market of Low Code Development Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. Cloud will boost the Low Code Development Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Components, the sub-segment i.e. Platform will boost the Low Code Development Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Application types , the sub-segment i.e. Web-based will boost the Low Code Development Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Small and Medium-Sized Enterprises (SMEs) will boost the Low Code Development Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Low Code Development Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The increasing need for rapid customization and scalability
Market Growth Drivers:
The increasing adoption of a low code development platform in Enterprise mobility enables users to develop a business application using the low-code development platform and Swiftly increasing software category they labelled low-code development platforms
Challenges:
Selection of right process to implement automation
Restraints:
Dependency on vendor-supplied customization
Opportunities:
Rising demand for robust solutions to maximize the visibility and control over processes and Growing digital transformation in the IT industry
Market Leaders and their expansionary development strategies
In December 2023, Bellevue, Wash.-based workflow automation company Nintex has acquired Skuid, a Chattanooga, Tenn.,-based low-code application development platform.
In October 2023, ESDS Software Solution, a leading global technology solutions provider, announced the official launch of its revolutionary low code platform, "Low Code Magic," and its dedicated website, lowcodemagic.co.in, marking the auspicious occasion of Dussehra.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Low Code Development Platform Developer, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.