DUBLIN , Aug. 9, 2022 /PRNewswire/ — The “Low-Code Development Platform Market Research Report – Global Industry Analysis, Trends and Growth Forecast to 2030” report has been added to ResearchAndMarkets. com’s offering.
The global low-code development platform market revenue, which was $12, 500. 6 million in 2020, is predicted in order to witness a 31. 3% CAGR during 2020-2030, to reach $190, 792. 6 million by 2030. A key reason behind this would be the remote working policies, movement restrictions, and general lockdowns that were implemented around the world during the COVID-19 pandemic. These measures led to a drastic rise in the particular demand for computer and mobile applications offering news and gaming, COVID-related alerts, and other features.
Low-code development platforms allow even those with almost zero knowledge of computer programming and coding to create applications plus software, with its drag-and-drop approach. Even before the outbreak, the swift digital transformation had driven the demand for all kinds of mobile and computer software and applications. As a result, IT companies are using the low-code advancement technology in order to cut their software growth time plus cost, by engaging citizen developers.
Most users have deployed low-code development systems over the particular cloud as this mode offers increased scalability, 24/7 data access, and reduced IT expenditure.
In the coming years, small and medium enterprises (SMEs) will become quite important in the low-code development platform marketplace as the particular proposition of reduced expenses and quicker app delivery provided by this particular technology makes it ideal for smaller companies with limited finances.
The IT sector has been the largest user of this technology till now as it creates most of the software and programs for computers and mobile phones. Hence, such businesses have widely adopted these solutions to optimize their own productivity plus reduce their particular reliance on expensive resources.
In the future, the particular demand with regard to services, such as low-code advancement platform integration and deployment, training, consultation, and upgradations, will increase faster than for the solutions themselves.
In the years to come, Asia-Pacific (APAC) will be the fastest-growing low-code growth platform market on account of the increasing focus of governments on digital transformation, burgeoning smartphone and internet penetration, and expanding IT field. Moreover, a lot of North American and European companies outsource application plus software development to those based in APAC, which is driving the particular usage associated with this technologies.
Marketplace Dynamics
Styles
- Need For Optimum TTM Strategy
- Increasing Preference Toward Cloud-Based Low-Code Advancement System
- Low-Code Development Has Progressed Beyond App Growth
- Edge Computing Is Becoming More Popular
Drivers
- Increasing Demand For Business Digitization
- Less Dependency On IT Professionals
- Stringent Government Norms
- Use of Low-Code Development Tools Minimizes the Problem associated with “Shadow IT”
- Automation of Workflows
Restraints
- Threat To Scalability and Security associated with Data
- Impact Analysis of Restraints On Market Forecast
Opportunities
- AI-Enabled Low-Code Advancement Platforms In order to Accelerate Digital Transformation
- Businesses Are Within Desperate Need of Programmers With Necessary Skill Sets
Key Topics Covered:
Chapter 1. Study Background
Section 2. Analysis Methodology
Chapter 3. Executive Summary
Section 4. Market Indicators
Chapter 5. Introduction
Chapter six. Global Marketplace Size plus Forecast
Section 7. North America Market Size and Prediction
Chapter 8. Europe Market Size and Forecast
Chapter 9. Apac Market Dimension and Forecast
Chapter 10. Latam Marketplace Size plus Forecast
Section 11. Mea Market Size and Prediction
Chapter 12. Major Markets
Chapter 13. Competitive Landscape
Chapter 14. Company Profiles
Chapter 15. Appendix
Companies Mentioned
- Appian Corporation
- Salesforce. com Inc.
- Alphabet Incorporation.
- Oracle Corporation
- ServiceNow Inc.
- MatsSoft Limited
- AgilePoint Incorporation.
- Outsystems Inc.
- Caspio Incorporation.
- Microsoft Company
- Mendix Technology B. V.
- Lansa Inc.
- QuickBase Incorporation.
- Pegasystems Inc.
- Magic Software Enterprises Ltd.
- Temenos Headquarters SA
For more information about this report visit https://www.researchandmarkets.com/r/tkpya0
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