Insights into the global low-code development platform market

Dublin, Aug. 23, 2022 (GLOBE NEWSWIRE) — The “Analysis report on the global low-code development platform market size, share and trends by application type (web-based, mobile-based), by deployment type (cloud, on-premise ), by Organization Size, by End Use, by Region, and Industry Forecast, 2022-2030 » report has been added to from offer.

The global low-code development platform market size is expected to reach USD 35.2 billion by 2030, registering a CAGR of 22.9% from 2022 to 2030.

This growth can be mainly attributed to the increasing interest of organizations, especially in the context of the COVID-19 pandemic, for the digital transformation of their business processes.

The growing demand for solutions capable of accelerating application development and automating business processes has widened the possibilities for the adoption of low-code development platforms, thus driving the expansion of the market.

Market growth is further driven by continuous technological developments introduced by industry players.

For example, in September 2021, Mendix Technology BV introduced artificial intelligence and other advanced features in its low-code development platform to enable companies to develop software more efficiently.

The company named the feature AI Page Bot which provides recommendations to software teams on how to design the user interface of a new application.

Highlights of the Low-Code Development Platform Market Report

  • The web application segment is expected to witness a CAGR of over 22.0% from 2022 to 2030 owing to the growing demand for low-code development platforms as they help in developing applications using resources similar to the process of traditional development.
  • The SME segment is expected to witness a significant growth rate of nearly 24.0% from 2022 to 2030 with the growing need to develop software applications with minimum operational cost and manpower.
  • The IT and telecommunications segment accounted for a revenue share of almost 21.0% in 2021 with the growing need of these sectors to automate their operations and accelerate the application development process.
  • In North America, the market was valued at nearly $1.7 billion in 2021 owing to strong presence of different major market players in the region and introduction of innovative offerings of low-cost developer platforms. code by these actors.

Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Industry Outlook
3.1 Market Segmentation
3.2 Market Size and Growth Prospects
3.3 Value chain analysis
3.4 Market Dynamics
3.4.1 Market Driver Analysis Growing need to accelerate digital transformation Growing need to improve the software development process
3.4.2 Market Restraint Analysis Lack of personalization
3.4.3 Analysis of market opportunities Money-making opportunities in several industries
3.5 Mapping penetration and growth prospects
3.5.1 PEST analysis
3.5.2 PORTER’s five forces analysis
3.6 Use Cases by End-Use Industry
3.7 Impact of COVID-19 on the market
3.7.1 Impact of COVID19: Overview
3.7.2 Measures taken by market players
3.7.3 A way forward
3.8 Regional Analysis of COVID-19
3.8.1 North America
3.8.2 Europe
3.8.3 Asia-Pacific
3.8.4 Latin America
3.8.5 Middle East and Africa
3.9 Low Code Development Platform Market Share Analysis, 2021
3.9.1 Key Company Market Share Analysis, 2021
3.9.2 Global Key Players, Recent Developments and Their Impact on the Industry
3.9.3 Key Company Product Comparison

Chapter 4 Application Outlook of Low Code Development Platform Market
4.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million)
4.2 Application movement analysis and market share, 2021 and 2030
4.3 Web-based low-code development platform
4.4 Mobile-based low-code development platform

Chapter 5 Low-Code Development Platform Market Deployment Prospects
5.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million)
5.2 Cloud-based low-code development platform
5.3 On-premise low-code development platform

Chapter 6 Low Code Development Platform Market Organization Size Outlook
6.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million)
6.2 Analysis of the movement of the size of the organization and market share, 2021 and 2030
6.3 SMB Low-Code Development Platform Market
6.4 Large Enterprise Low-Code Development Platform Market

Chapter 7 End-Use Prospects of Low Code Development Platform Market
7.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million)
7.2 End-use movement analysis and market share, 2021 and 2030
7.3 BFSI
7.4 Automotive and manufacturing
7.5 Retail
7.6 Education
7.7 IT & Telecom
7.8 Transport and logistics
7.9 Others

Chapter 8 Regional Outlook of Low Code Development Platform Market
8.1 Low Code Development Platform Market, by Region, 2021 & 2030
8.2 Regional Movement Analysis and Market Share, 2021 & 2030
8.3 North America
8.3.1 United States
8.3.2 Canada
8.4 Europe
8.4.1 Germany
8.4.2 United Kingdom
8.5 Asia-Pacific
8.5.1 China
8.5.2 Japan
8.5.3 India
8.6 Latin America
8.6.1 Brazil
8.6.2 Mexico
8.7 AME

Chapter 9 Competitive Landscape
9.1 Appian
9.1.1 Company Overview
9.1.2 Financial performance
9.1.3 Product Benchmarking
9.1.4 Recent developments
9.2 Creation
9.2.1 Company Overview
9.2.2 Product Benchmarking
9.2.3 Recent developments
9.3.1 Company Overview
9.3.2 Product Benchmarking
9.3.3 Recent developments
9.4 Mendix Technology B.V.
9.4.1 Company Overview
9.4.2 Product Benchmarking
9.4.3 Recent developments
9.5 Microsoft
9.5.1 Company Overview
9.5.2 Financial performance
9.5.3 Product Benchmarking
9.5.4 Recent Developments
9.6 Oracle
9.6.1 Company Overview
9.6.2 Financial performance
9.6.3 Product Benchmarking
9.6.4 Recent Developments
9.7 External systems
9.7.1 Company Overview
9.7.2 Product Benchmarking
9.7.3 Recent developments
9.8 Pegasystems Inc.
9.8.1 Company Overview
9.8.2 Product Benchmarking
9.8.3 Recent developments
9.9 Quick base
9.9.1 Company Overview
9.9.2 Product Benchmarking
9.9.3 Recent developments
9.10 Salesforce, Inc.
9.10.1 Company Overview
9.10.2 Financial performance
9.10.3 Product Benchmarking
9.10.4 Recent Developments
9.11 Service now
9.11.1 Company Overview
9.11.2 Financial performance
9.11.3 Product Benchmarking
9.11.4 Recent Developments
9.12 Zoho Corporation Pvt. ltd.
9.12.1 Company Overview
9.12.2 Product Benchmarking
9.12.3 Recent developments

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