Low Code Development Platform Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Low code development platform is a type of technology that creates apps through the configuration of functions instead of coding these functions. It reduces the amount of hand coding required and initial investment setup cost, thereby enabling the accelerated delivery of business applications.
Low code development platform is a type of technology that creates apps through the configuration of functions instead of coding these functions. It reduces the amount of hand coding required and initial investment setup cost, thereby enabling the accelerated delivery of business applications.
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<strong>Low</strong> <strong>Code</strong> <strong>Development</strong> <strong>Platform</strong> <strong>Market</strong> -<br />
<strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>,<br />
<strong>Trends</strong> <strong>and</strong> <strong>Forecast</strong> <strong>2017</strong> – <strong>2025</strong><br />
<strong>Low</strong> code development platform is a type of technology that creates apps through<br />
the configuration of functions instead of coding these functions. It reduces the<br />
amount of h<strong>and</strong> coding required <strong>and</strong> initial investment setup cost, thereby enabling<br />
the accelerated delivery of business applications. <strong>Low</strong> code development platforms<br />
rely on declarative development tools, which include domain languages, visual data<br />
modeling <strong>and</strong> flow diagramming instead of programming languages. If the tools suit<br />
the target applications, application development <strong>and</strong> delivery (AD&D) enterprises<br />
can develop custom apps faster with low code platforms than they can by using<br />
programming languages. <strong>Low</strong> code development platforms are accessible via low<br />
cost or free self-service offerings instead of the big upfront financial costs<br />
associated with enterprise software. Today companies are finding it difficult to<br />
survive with the unrelenting pace of disruptive innovation <strong>and</strong> fast-changing<br />
customer behavior. Services that deliver engaging, simple <strong>and</strong> convenient customer<br />
experiences are key to enterprise progress. A low code development platform<br />
provides just what is needed in the form of accelerated development of apps. The<br />
companies share the visually configuring new applications using low code<br />
development platforms which helps them speed up development <strong>and</strong> allows the<br />
business to provide feedback on resulting applications functionality. <strong>Low</strong> code<br />
development platforms are developed as a means to allow for the use of working<br />
applications <strong>and</strong> quick creation that can address the data needs of the organization.<br />
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Businesses have deployed computer widely across organizations as a result of the<br />
microcomputer revolution enabling widespread automation of business processes<br />
using a variety of software. The need for new applications for business processes<br />
<strong>and</strong> software automation places dem<strong>and</strong>s on software developers to create<br />
applications in minimum time <strong>and</strong> with minimum upfront cost, which is expected to<br />
drive the low code development platform market. However, security concerns about<br />
low code development platforms are growing, especially with those apps which use<br />
consumer data restraining the growth of the low code development platform
market. Also there are a few myths related to the use of low code development<br />
platform solutions. These myths are that low code developments are not for pro<br />
developers <strong>and</strong> that they are for citizen developers only, as well as that low code<br />
development gets rid of the need for any programming. These myths are also<br />
hindering the growth of the low code development platform market. Software<br />
application developers are ramping up investments in development platforms,<br />
which support a wide range of app use cases, which is expected to create<br />
opportunities for the growth of the low code development platform market.<br />
The global low code development platform market can be segmented on the basis<br />
of type, deployment model, enterprise size <strong>and</strong> region. On the basis of type, the low<br />
code development platform market can be segmented into general purpose<br />
platform, database app platform, mobile-fist app platform, process app platform <strong>and</strong><br />
request h<strong>and</strong>ling platform segments. On the basis of deployment model, the low<br />
code development platform market can be classified into private cloud, public cloud<br />
<strong>and</strong> hybrid cloud. In terms of enterprise size the market can be segmented into<br />
small & medium enterprises <strong>and</strong> large enterprises. Geographically, the low code<br />
development platform market can be segmented into North America, Asia Pacific,<br />
Europe, Middle East & Africa (MEA) <strong>and</strong> South America.<br />
Major players in the low code development platform market are Agile Point, Appian<br />
Corporation, Bizagi, Caspio, Inc., Matssoft, Mendix, Micropact, Outsystems,<br />
Salesforce.com, Inc., <strong>and</strong> Service Now, Inc.<br />
The report offers a comprehensive evaluation of the market. It does so via in-depth<br />
qualitative insights, historical data, <strong>and</strong> verifiable projections about market size. The<br />
projections featured in the report have been derived using proven research<br />
methodologies <strong>and</strong> assumptions. By doing so, the research report serves as a<br />
repository of analysis <strong>and</strong> information for every facet of the market, including but<br />
not limited to: Regional markets, technology, types, <strong>and</strong> applications.<br />
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<strong>Platform</strong> <strong>Market</strong>. Request a sample to stay abreast on the key trends<br />
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The study is a source of reliable data on:<br />
<strong>Market</strong> segments <strong>and</strong> sub-segments<br />
<strong>Market</strong> trends <strong>and</strong> dynamics<br />
Supply <strong>and</strong> dem<strong>and</strong>
<strong>Market</strong> size<br />
Current trends/opportunities/challenges<br />
Competitive l<strong>and</strong>scape<br />
Technological breakthroughs<br />
Value chain <strong>and</strong> stakeholder analysis<br />
The regional analysis covers:<br />
North America (U.S. <strong>and</strong> Canada)<br />
Latin America (Mexico, Brazil, Peru, Chile, <strong>and</strong> others)<br />
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium,<br />
Netherl<strong>and</strong>s, <strong>and</strong> Luxembourg)<br />
Eastern Europe (Pol<strong>and</strong> <strong>and</strong> Russia)<br />
Asia Pacific (China, India, Japan, ASEAN, Australia, <strong>and</strong> New Zeal<strong>and</strong>)<br />
Middle East <strong>and</strong> Africa (GCC, Southern Africa, <strong>and</strong> North Africa)<br />
The report has been compiled through extensive primary research (through<br />
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indicators, <strong>and</strong> regulations <strong>and</strong> m<strong>and</strong>ates is included under the purview of<br />
the study. By doing so, the report projects the attractiveness of each major segment<br />
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Highlights of the report:<br />
A complete backdrop analysis, which includes an assessment of the parent market<br />
Important changes in market dynamics<br />
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Historical, current, <strong>and</strong> projected size of the market from the st<strong>and</strong>point of both<br />
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Reporting <strong>and</strong> evaluation of recent industry developments<br />
<strong>Market</strong> shares <strong>and</strong> strategies of key players<br />
Emerging niche segments <strong>and</strong> regional markets<br />
An objective assessment of the trajectory of the market<br />
Recommendations to companies for strengthening their foothold in the market<br />
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