Frost Radar™: Low-Code Application Platforms, 2024

Frost Radar™: Low-Code Application Platforms, 2024

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

Businesses continue to struggle with the need to digitally transform in a challenging economic environment with scarce IT resources. These dynamics caused them to reassess spending and force business units to do more with less. Low-code application platforms (LCAPs), a technology that was just gaining popularity at the start of the pandemic, are well suited to help businesses meet these challenges.

LCAPs allow for faster, easier application development, enabling businesses to quickly create and deploy new services that automate employee tasks and customer interactions. They also allow line-of-business team members to take a more active role in creating the services they need to work smartly in a completely new operating environment. The integration of AI capabilities into LCAPs has made development easier and faster for non-technical users, while also exposing security and compliance vulnerabilities that can be corrected ahead of launching services into production.

This Frost Radar discusses strategic imperatives in the industry, evaluates providers based on platform capabilities, and offers information on companies to action.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.