Global Low-code Development Platform Market Size study, by Application Type (Web-based, Mobile-based), By Deployment Type (Cloud, On-Premise), By Organization Size (SME, Large Enterprise) by End-use (BFSI, Automotive & Manufacturing, Retail, Education, IT

Global Low-code Development Platform Market Size study, by Application Type (Web-based, Mobile-based), By Deployment Type (Cloud, On-Premise), By Organization Size (SME, Large Enterprise) by End-use (BFSI, Automotive & Manufacturing, Retail, Education, IT & Telecom, Transportation & Logistics, Others) and Regional Forecasts 2022-2028

Global Low-code Development Platform Market is valued approximately USD 5.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 22.9% over the forecast period 2022-2028. A low-code development platform offers a development environment for creating application software using a graphical user interface. A low-coded platform may generate fully functional apps or may need further coding for certain scenarios. The increase can be attributed to enterprises' rising interest in digital transformation and automation of their business operations. The rising necessity for solutions to automate company activities to be deployed quickly has opened the path for the adoption of low-code development platforms. These platforms provide building pieces that business users and IT developers may utilise to assemble into workflows and applications without the need for hand-coding. The growing customer preference for low-code development has necessitated the development of better methods for scaling apps and educating users, whether professional developers or company employees, about these solutions. Pegasystems Inc., for example, announced new Pega Platform templates, services, and training courses in May 2022 to assist citizen developers in quickly and effectively creating low-code apps. Low-code platforms are becoming an important aspect of current cloud platforms in many enterprises, allowing them to improve their strategy while reducing cost and complexity. Mendix on IBM Cloud, App Maker on Google Cloud Platforms, and PowerApps on Microsoft are some well-known low-code platforms from major public cloud providers. However, Dependency on vendor supplied customization impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Low-code Development Platform Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America emerged as the market leader due to the region's strong presence of many prominent businesses that are primarily focused on the creation of new goods. With the rising inclusion of low-code platforms in the area, particularly in China, Asia Pacific is predicted to achieve the greatest CAGR from 2022 to 2030. Several local suppliers across all main sectors are leveraging these platforms to expedite application delivery, grow developer taskforces, reduce operational costs, and boost innovation. Mendix, for example, is utilised by a number of Chinese enterprises, including CIMC Vehicles, SAIC Motor, and Maxnerva Technology Services.

Major market player included in this report are:
Appian
Creatio
LANSA
Mendix Technology BV
Microsoft
Oracle
OutSystems
Pegasystems Inc.
Quickbase
Salesforce, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application Type:
Web-based
Mobile-based
By Deployment Type:
Cloud
On-Premise
By Organization Size:
SME
Large Enterprise
By End-use:
BFSI
Automotive & Manufacturing
Retail
Education
IT & Telecom
Transportation & Logistics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Low-code Development Platform Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Appian
Creatio
LANSA
Mendix Technology BV
Microsoft
Oracle
OutSystems
Pegasystems Inc.
Quickbase
Salesforce, Inc.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.