Low-Code Application Development Platform Market Exhibiting At A CAGR Of 22.5% From 2024 To 2030Posted by Neha Bora on June 25th, 2024 San Francisco, 25 June 2024: The Report Low-Code Application Development Platform Market Size, Share & Trends Analysis Report By Component (Platform, Services), By Application, By Deployment, By Organization Size, By Region, And Segment Forecasts, 2024 - 2030 The global low-code application development platform market size is anticipated to reach USD 101.68 billion by 2030, registering a CAGR of 22.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The process of digital transformation requires several new approaches and technologies. Thus, low-code application development platforms play a key role by minimizing the time and cost required in conventional software development processes. These platforms help enterprise employees engage in the development process, irrespective of their technical expertise, which enables them to accelerate business value. Al is gaining traction in various end-use industries, such as manufacturing, healthcare, and retail. Software applications can be developed for end users with an AI-based low-code application platform. Various businesses invest in this platform owing to its multiple applications and possible advantages. For instance, in June 2023, Appian, low-code application development platform provider, announced that BAI Communications Australia (BAI), a company that designs, builds, and operates communications infrastructure, is using Appian’s AI-powered process platform to digitize and optimize Site Access Management. This development is aimed at helping BAI ensure a broader shift in business processes, optimize operations and maximize ROI with a higher level of automation. Scalability in low-code application development platforms ensures that the applications built on these platforms can easily adapt to the changing needs of businesses. These platforms allow multiple developers to build different use cases across teams and geographies to provide interconnected application portfolios. Moreover, the out-of-the-box characteristic of low-code development platforms delivers reusability, enabling repeated usage of pre-configured components, modules, and functionalities. These characteristics provide certain common core functions required for various applications and are reused to build other solutions, which significantly accelerates the software development process. It is essential for low-code development platform users to reuse newly built or pre-built modules, plug-ins, and entire applications to build necessary applications faster. Thus, the aforementioned factors collectively drive the growth of the market. Access Research Report of Low-Code Application Development Platform Market @ https://www.grandviewresearch.com/industry-analysis/low-code-application-development-platform-market Low-Code Application Development Platform Market Report Highlights
Low-Code Application Development Platform Market Report Scope
List of Key Players in the Low-Code Application Development Platform Market
Access Press Release of Low-Code Application Development Platform Market @ https://www.grandviewresearch.com/press-release/global-low-code-application-development-platform-market About Grand View Research Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. For More Information: https://www.grandviewresearch.com/horizon Like it? Share it!More by this author |