Low Code Development Platform Market Research Report by Forecast to 2023

Posted by Kiran on November 13th, 2019

Low Code Development Platform Market Highlights:

Low code development platform (LCDP) is considered as a new development of applications software. Market Research Future reports the exit of the conventional process of computer programming and the increasing number of application programming interface (API) is going to steer the growth of the global low code development platform market at a CAGR of 32% over the forecast period 2017-2023.

Major Key Players:

Marvel players contributing to the Low Code Development PlatformMarketinevitably are listed as Salesforce (U.S.), OutSystems(U.S.) and Mendix(U.S.), Google Inc., (U.S.), Caspio (U.S.), Appian (U.S.), Microsoft Corporation (U.S.), MatsSoft (U.K), K2(U.S.), Bizagi (U.K), AgilePoint (U.S.) Service now (U.S.), Kony Inc, (U.S), and TrackVia Inc. (U.S.).

Access Report Details @ https://www.marketresearchfuture.com/reports/low-code-development-platform-market-5355

Market Drivers & Constraints:

With better development of application programming in the present time, which has replaced the conventional process of computer programming is boosting the global market for the low code development platform. Low code development platform mainly concentrates on the creation and development of business processes, where a user uses web applications. In this case, the Low code development platform offers low or no coding techniques, which assists in the reduction of time and cost for the development of the platform, which has scored to be advantageous to the businesses.

Market Segmentation:

The market of low code development platform globally has been segmented into type, component, deployment, organization size, and applications.

In terms of the type, the low code development platform is segmented into database app platform, process app platform, general-purpose platform, and request handling platform. 

In terms of component, this market segment includes solution and services, where the solution segment is divided into mobile solutions and web solutions. Whereas, the service segment includes professional services and managed services.

Detailed Regional Outlook:

Region-wise, the market for low code development platform globally is studied across the key regions of North America, Asia Pacific, Europe, the Middle East, and Africa, and Latin America.

Continuously surging of internet users and the development of mobile and web applications for the business organization is expanding the market size in the North American region and positioning as a leading region in the forecast period. The market has also grown owing to a change in the computer world, focus on innovation and development, and burgeoning information and communication technology industry. Apart from this, the well-established BFSI industry in this region also creates opportunities for the market to grow immensely during the review period.