Low-Code Development Platform Market Present Scenario, Key Vendors, Industry Share and Growth Forecast up to 2029
Low-Code Development Platform Market Overview:
The purpose of this study is to provide a thorough examination of the Low-Code Development Platform Market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Low-Code Development Platform Market growth. The study also offers a comprehensive analysis of the market's value chain.
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Market Scope:
The research method used to assess and anticipate the Low-Code Development Platform Market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Low-Code Development Platform Market was calculated using the revenue of significant enterprises
The market for low-code development platforms was estimated to be worth USD 17.25 billion in 2021, and from 2022 to 2029, it is anticipated that revenue from these platforms will increase by 27.8%, or roughly USD 122.75 billion.
Segmentation:
Due to the growing need to digitise financial services such origination, customer onboarding, self-servicing, back office operations, etc., the BFSI category maintained the greatest revenue share of over 30% by industry in 2021. Low-code development platforms are gaining popularity among them as a way to enhance user experiences, cut down on operating expenses, foster organisational agility, and accelerate time to market.
Key Players:
The major players covered in the Low-Code Development Platform Market report are
• Caspio (US)
• Mendix (US)
• OutSystems (US)
• Appian (US)
• Salesforce (US)
• Quick Base (US)
• LANSA (US)
•ServiceNow (US)
• AgilePoint (US)
• Bizagi (US)
• Dwkit (US)
• Visual LANSA (US)
• Microsoft (US)
• Oracle (US)
• Pegasystems (US)
• Magic Software Enterprises (Israel)
• Zoho (India)
• KissFlow (India)
• K2 (France)
• MatsSof t(UK)
Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Low-Code Development Platform Market :
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Low-Code Development Platform Market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the =# industry, which is driving through the COVID-19 emergency to handle risk digitizing jobs in order to convey trusted data and experiences to the CEOs.
Key Questions Answered in the Low-Code Development Platform Market Report are:
- Which segment grabbed the largest share in the Low-Code Development Platform Market ?
- How was the competitive scenario of the Low-Code Development Platform Market in 2020?
- Which are the key factors responsible for the Low-Code Development Platform Market growth?
- Which region held the maximum share in the Low-Code Development Platform Market in 2020?
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Maximize market research, a global market research firm with a dedicated team of specialists and data, has carried out extensive research about the online event ticketing market. Maximize Market Research is positioned to estimate and forecast the market size with the competitive landscape of the industries. Maximize Market Research has a strong, unified team of industry specialists and analysts across sectors to ensure the entire Industry ecosystem is taken in perspective, factoring all recent development, latest trends, and futuristic the technological impact of uniquely specific industries. In line with the agreed scope and objective of the study, the companys approach is uniquely custom detailed.
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