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Global Low Code Development Platform Market

Global Low Code Development Platform Market, By Component (Solution and Services (Professional and Managed)), By Application Type (Web Based and Mobile (IOS, Android, and Windows)), By Deployment Model (Cloud, and On- Premises), By Organization Size (Small and Medium, and Large Enterprises), By Vertical (Banking, Financial Services, and Insurance, Government, Healthcare and Life Sciences, Education, Media and Entertainment, Retail and Ecommerce, Manufacturing, Telecom and IT, Energy and Utilities, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Global Low Code Development Platform Market, By Component (Solution and Services (Professional and Managed)), By Application Type (Web Based and Mobile (IOS, Android, and Windows)), By Deployment Model (Cloud, and On- Premises), By Organization Size (Small and Medium, and Large Enterprises), By Vertical (Banking, Financial Services, and Insurance, Government, Healthcare and Life Sciences, Education, Media and Entertainment, Retail and Ecommerce, Manufacturing, Telecom and IT, Energy and Utilities, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

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Executive Summary (3/3)<br />

Figure 2.2: 2.4: <strong>Global</strong> <strong>Global</strong> <strong>Low</strong> <strong>Low</strong> <strong>Code</strong> <strong>Code</strong> <strong>Development</strong> <strong>Development</strong> <strong>Platform</strong> <strong>Platform</strong> <strong>Market</strong> Vale <strong>Market</strong> Share<br />

(%), B<br />

Value Share (%), By Vertical – 2019 (E)<br />

Figure 2.5: <strong>Global</strong> <strong>Low</strong> <strong>Code</strong> <strong>Development</strong> <strong>Platform</strong> <strong>Market</strong><br />

Value Share (%), By Region – 2019 (E)<br />

Banking, FinancialServices, & Insurance<br />

Government<br />

Heathcare & LifeScience<br />

Education<br />

Media & Entertainment<br />

Retail & Ecommerce<br />

Manufacturing<br />

Telecom & IT<br />

Energy & Utilites<br />

Others<br />

XX.X%<br />

North America<br />

Europe<br />

Asia Pacific<br />

Latin America<br />

Middle East & Africa<br />

Analysis and Outcomes<br />

The BFSI industry requires market services and platform on a large-scale due to the voluminous information produced across these<br />

organizations. Organizations have implemented low-code development platform and services to improve the automation in the<br />

customer service business functions, as customer service is the core factor responsible for customer acquisition and retention in the<br />

BFSI industry. This industry frequently keeps introducing new and improved financial products and services to enhance its business<br />

operations, which makes it attractive for the low-code development platform providers to offer advanced solutions to the industry.<br />

Source: Prophecy <strong>Market</strong> Insights<br />

Copyright © PROPHECY MARKET INSIGHTS 2021, All Rights Reserved 43

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