Low-code Development Platform Market Expanding At A CAGR 22.9% For The Forecast Period From 2022 To 2030
Posted by Neha Bora on August 29th, 2022
San Francisco, 29 Aug 2022: The Report Low-code Development Platform Market Size, Share & Trends Analysis Report By Application Type (Web-based, Mobile-based), By Deployment Type (Cloud, On-Premise), By Organization Size , By End-use, By Region, And Segment Forecasts, 2022 - 2030
The global low-code development platform market size is expected to reach USD 35.2 billion by 2030, registering a CAGR of 22.9% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growth can be majorly attributed to the growing interest of organizations, especially amid the COVID-19 pandemic, toward the digital transformation of their business processes. The growing demand for solutions that can expedite the application development and automation of business processes has created wider scope for the adoption of low-code development platforms, thereby favoring the market expansion.
The market growth is being further driven by the continuous technological developments introduced by the industry players. For instance, in September 2021, Mendix Technology BV introduced artificial intelligence and other advanced features to its low-code development platform to allow companies to develop software more efficiently. The company has named the AI feature Page Bot which provides recommendations to the software teams about how to design a new application’s user interface.
Access Research Report of Low-code Development Platform Market @ https://www.grandviewresearch.com/industry-analysis/low-code-development-platform-market-report
Low-Code Development Platform Market Report Highlights
List of Key Players of the Low-Code Development Platform Market
Access Press Release of Low-code Development Platform Market @ https://www.grandviewresearch.com/press-release/global-low-code-development-platform-market
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About the AuthorNeha Bora
Joined: September 16th, 2019
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