Global Low Code Development Platform Market to witness exponential growth in the forecast period of 2021-26 with a CAGR of 28%

According to the MarkNtel Advisors research report, "Global Low Code Development Platform Market Analysis, 2021," the market is likely to grow at a CAGR of 28% in the forecast period of 2021-26. Companies throughout the world are finding many ways to connect with users on digital platforms. They are widely transforming businesses to low-code development platforms for the easy & hassle-free creation of complicated web applications. Rapid digital transformation & technological advancements that change the way users interact with organizations and the surging adoption of easily accessible and high-performing applications are the prime aspects driving the market. Moreover, the snowballing demand for high productivity application development platforms is another crucial factor likely to propel the overall market growth in the forecast period.

Get a sample copy of the market research: https://www.marknteladvisors.com/query/request-sample/global-low-code-development-platform-market.html

Key questions answered in the study
1. What are the current and future trends in the Global Low Code Development Platform Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Low Code Development Platform Market?
5. What is the customer orientation, purchase behavior, and expectations from the Global Low Code Development Platform Market service providers across various regions?

Small & Medium Enterprise (SME) to Dominate with Largest Share

Based on the Organization Size, the Small & Medium Enterprise (SME) size segment is likely to dominate the global market with the largest market share in the forecast period. It owes to the growing digital transformation of small & medium enterprises after understanding the effects of low code and how it lowers the dependency on hard-to-hire technical. Furthermore, it also enables SMEs to secure themselves from technology fraud, escapes debt, and reduces IT backlogs. Hence, the demand shall increase in the coming years, and the segment shall dominate the market.

On Premise Segment Witnessed Fastest Growth
Based on the Deployment Type, the ‘On Premise’ segment witnessed the fastest market growth in recent years. It was due to the strong beliefs of many organizations in developing code and using the available platforms for the development of low code applications. Producers with a lack of knowledge of deployment and low-code application development remotely brought more demand for the adoption of ‘on premise’ deployment models.

For more details visit: https://www.marknteladvisors.com/research-library/global-low-code-development-platform-market.html

"Global Low Code Development Platform Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Low Code Development Platform providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

According to MarkNtel Advisors, the leading players in the Global Low Code Development Platform Market are Appian Corporation, Oracle Corporation, Microsoft Corporation, Salesforce, MatsSoft Limited, AgilePoint Inc., Lansa Inc., Magic Software Enterprises Ltd., Kony Inc., OutSystems Inc., Pegasystems Inc., QuickBase Inc., Zoho.

Market Segmentation:
1. By Component (Platform, Services)
2. By Organization Size (Small & Medium-Sized Enterprises, Large Enterprises)
3. By Application (Web-Based, Mobile Based, Desktop and Server Based)
4. By Deployment Type (On Premise, Cloud)
5. By End-User (BFSI, Retail, Government & Defense, Healthcare, Energy & Utilities, IT & Telecom, Others (Manufacturing, Education, etc.))
6. By Region (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa)
7. By Competitors (Appian Corporation, Oracle Corporation, Microsoft Corporation, Salesforce, MatsSoft Limited, AgilePoint Inc., Lansa Inc., Magic Software Enterprises Ltd., Kony Inc., OutSystems Inc., Pegasystems Inc., QuickBase Inc., Zoho.)

MarkNtel Advisors
1147 88AVE, Delta, British Columbia, BC,V4C,3B8, CANADA
Email: sales@marknteladvisors.com
Tel: +1613-707-5086
Website: https://www.marknteladvisors.com

MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.