Low-Code Development Platform Market Outlook to 2027 - Leading Key Players AgilePoint, Appian, Bizagi, Caspio, MatsSoft, Mendix, OutSystems, Salesforce, SourceCode Technology Holdings and Zoho

MARKET INTRODUCTION

A low code development platform provides an environment which is used by programmers to create application software using GUI and configuration instead of traditional programming. The ongoing trend for digitization across the IT industry is creating lucrative business opportunities for the companies operating in the low code development platform market to gain a strong customer base and generate more revenues. The low code development platform market is highly competitive with the increasing number of new entrants penetrating the market rapidly and create challenges for the existing players.

MARKET DYNAMICS

The increasing demand for web and mobile applications by organizations for business processes, increasing number of APIs being offered by the vendors, and penetrating of smartphones across various industries are the major factors that are expected to drive the growth of the low code development platform market. The increasing popularity of software automation and innovative applications is creating an opportunity for companies operating in the low code development platform market to gain a strong market position and generate more revenues.

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MARKET SCOPE

The "Global Low Code Development Platform Market Analysis to 2027" is a specialized and in-depth study of the low code development platform industry with a special focus on the global market trend analysis. The report aims to provide an overview of low code development platform market with detailed market segmentation by component, deployment, application type, organization-size, industry vertical, and geography. The global low code development platform market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading low code development platform market players and offers key trends and opportunities in the low code development platform market.

MARKET SEGMENTATION

The global low code development platform market is segmented on the basis of component, deployment, application type, organization-size, and industry vertical. On the basis of component the market is segmented as solution and services. On the basis of deployment the market is segmented as on-premise and cloud. Based on application type the market is segmented as web-based and mobile. On the basis of organization size, the market is segmented as SMEs and large enterprise. Based in industry vertical the market is segmented as BFSI, government, healthcare, education, retail, media and entertainment, IT and Telecom, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global low code development platform market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The low code development platform market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting low code development platform market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the low code development platform market in these regions.

MARKET PLAYERS

The reports cover key developments in the low code development platform market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from low code development platform market are anticipated to lucrative growth opportunities in the future with the rising demand for low code development platform in the global market. Below mentioned is the list of few companies engaged in the low code development platform market.

The report also includes the profiles of key low code development platform companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

• AgilePoint Inc.
• Appian
• Bizagi
• Caspio, Inc.
• MatsSoft
• Mendix
• OutSystems
• Salesforce, inc.
• SourceCode Technology Holdings, Inc.
• Zoho Corporation Pvt. Ltd.

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Key Elements that the report acknowledges:

• Market size and growth rate during forecast period.
• Key factors driving the Low-Code Development Platform Market.
• Key market trends cracking up the growth of the Low-Code Development Platform Market.
• Challenges to market growth.
• Key vendors of Low-Code Development Platform Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Low-Code Development Platform Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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This release was published on openPR.