New York, According to a new market research report published by Global Insight Services “Low Code Development Platform Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A low code development platform is a software platform that enables developers to create applications with minimal coding. The platform provides a visual drag-and-drop interface for building applications, as well as a variety of pre-built components that can be used to accelerate development. Low code platforms are often used to develop mobile apps, web apps, and enterprise software.
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Key Trends
There are a few key trends in Low Code Development Platform technology.
One is the trend towards platforms that allow for more collaboration between developers and non-developers. This is important because it allows for a more streamlined development process, as well as increased flexibility and agility.
Another key trend is the move towards platforms that are more cloud-based. This has a number of benefits, including increased scalability and reduced costs.
Finally, there is a trend towards platforms that offer more comprehensive functionality. This includes things like built-in analytics and reporting, as well as support for a variety of development frameworks.
Key Drivers
The key drivers of the Low Code Development Platform market are the need for faster application development, the need for less code, and the need for less technical expertise.
Low Code Development Platforms allow businesses to develop applications faster and with less code than traditional development approaches.
They also require less technical expertise, making them ideal for businesses that do not have in-house development resources.
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Market Segments
The low code development platform market is segmented by component, application, end-user, and region. By component, the market is classified into solutions, and services. Based on application, it is bifurcated into web-based, mobile-based, and others. On the basis of end-user, it is divided into BFSI, retail, healthcare, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global low code development platform market includes players such as Salesforce Inc, Microsoft Corporation, Appian Corporation, Oracle Corporation, Pegasystems Inc, Magic Software Enterprises Ltd, AgilePoint, OutSystems, Mendix, Zoho Corporation , and others.
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Reasons to buy Low Code Development Platform Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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