Low-Code Development Platform Market size was valued at USD 17.25 Bn. in 2021 and the total Low-Code Development Platform revenue is expected to grow at 27.8% from 2022 to 2029, reaching nearly USD 122.75 Bn.
Low-Code Development Platform Market Overview
The industry overview gives thorough details about the size of the market all the market dynamics including strategies, market revenue, pricing analysis, micro and macro market trends and scenarios & Industry benchmarks. The region wise consumer preference, market size & Industrial rivalry is also covered in detailed
Access the Low-Code Development Platform Market 2022 to 2029, which has been compiled with information on market size and forecasts, regulations, reimbursement policies, competitive benchmarking analyses, macro-environmental analyses, and studies on the regulatory and technological framework.
Low-Code Development Platform Market Report Scope and Research Methodology
The Low-Code Development Platform market size for individual segments were determined through various secondary sources including industry associations, white papers, and journals. Surveys, administering questionnaires and telephonic interviews with Low-Code Development Platform industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. The PESTLE analysis was used to understand the potential impact of the micro-economic and macro-economic factors affecting the Low-Code Development Platform Market.
Dedicated study of the rivalry in the industry is covered, which includes market leaders, followers, and new entrants. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive Low-Code Development Platform market engineering and calculations for market statistics; market size estimations, market forecasts, market breakdown and data triangulation. The secondary data was collected from the company’s annual reports, articles, paid and free databases, etc. To estimate the regional and global Low-Code Development Platform market size, the bottom-up approach was used.
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Low-Code Development Platform Market Regional Insights
The regional analytics cover North America, South America, Asia Pacific, Europe & Middle East and Africa. The report includes a detailed explanation of market size, trends, competition & adoption of technology region wise.
Low-Code Development Platform Market Segmentation
Due to the growing need to digitize financial services such origination, customer onboarding, self-servicing, back office operations, etc., the BFSI category maintained the greatest revenue share of over 30% by industry in 2021. Low-code development platforms are gaining popularity among them as a way to enhance user experiences, cut down on operating expenses, foster organizational agility, and accelerate time to market.
The way financial service (FS) firms create value for their clients, employees, and other stakeholders has changed significantly over the course of several technological generations. The need for apps and software solutions is rising as a result of the continual need to innovate, comply with regulatory requirements, and find answers to problems more quickly than previously. Financial services companies are increasingly using minimal-code platforms for quick application development at a low cost.
The banking, financial services, and insurance (BFSI) industry is seeing an increase in customer demand for cutting-edge digital products and services, which calls for a quicker application development process to allow for frequent updates and a short time-to-market for new products. For their applications, banks need to be developed using a contemporary, straightforward, and safe methodology that makes use of publicly available frameworks, reusable code, and componentry.
Low-Code Development Platform Market Key Players
• Quickbase, Inc. (US)
• LANSA INC (US)
• ServiceNow (US)
• AgilePoint, Inc. (US)
• Bizagi (US)
• Microsoft Corporation (US)
• Oracle Corporation (US)
• Pegasystems Inc (US)
• KissFlow (US)
• Blazedpath (US)
• Mendix Technology BV (Netherlands)
• Appsemble BV. (Netherlands)
• Novulo (Netherlands)
• Smart Shaped SRL (Italy)
• Aurachain (Romania)
• ClickPaas (China)
• eNextCloud (India)
• Zoho Corporation (India)
• Magic Software Enterprises Ltd (Israel)
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Key questions answered in the Low-Code Development Platform Market are:
- What is Low-Code Development Platform ?
- What are the global trends in the Low-Code Development Platform Market?
- What was the Low-Code Development Platform Total Market size in 2022?
- What is expected Low-Code Development Platform Market size by 2029?
- Who held the largest market share in Low-Code Development Platform Market?
- Who are the leading companies and what are their portfolios in Low-Code Development Platform Market?
- What are the major challenges that the Low-Code Development Platform Industry could face in the future?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Industrial Manipulator Market Size, Share, Size & Forecast by different segment | 2022−2029
- Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
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