Low Code Development Platform Market Comprehensive Research Study and Strong Growth in Future


Low Code Development Platform Market Overview
Low code development platform market is gaining momentum due to its adoption across digital-transformation-focused and customer centric organizations. These platforms allow the creation of application software through graphical user interfaces (GUI) and configuration instead of traditional procedural computer programming. These platforms find application in industries such as healthcare, manufacturing, IT and telecom, government, BFSI and education.

Based on type of platforms, the low code development platform market is categorized as general purpose platform, mobile-first app platform, database app platform, process app platform, request handling platform and others. Of them, mobile-first app platform is expected to witness faster growth during the forecast period as it allows vendors to deploy high-quality mobile applications significantly faster.

Based on deployment type, the low code development platform market is categorized as on-premises and cloud-based deployment. Cloud-based deployment is further categorized into public, private and hybrid cloud. Among these, hybrid cloud is expected to propel the growth of the market during the forecast period.

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North America is expected to register highest revenue during the forecast period, owing to the presence of large number of low code development platform providers. APAC will witness substantial growth due to increasing investment in IT solutions and enhanced demand for mobile based-apps.

Low Code Development Platform Market Dynamics
Factors, such as rising demand for software automation & innovative applications, ease of development of web and mobile apps, low cost of development and the easy-to-deploy feature, are driving the adoption of the low-code development platform across the globe. The market is restrained due to the customization and performance issues of the platform.

Challenges
Low code development platform market face challenges in terms of customization and platform-specific limitations. These factors hamper the market growth. The readily available toolkits in the market are yet to resolve customization problems faced by developments from their roots, thus hindering the markets growth.

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Low Code Development Platform Market Competitive Landscape
Some of the major players in global low code development platform market are AgilePoint, Bizagi, Appian, Caspio Inc., Mendix, OutSystems, MatsSoft, Salesforce.com, Microsoft Corporation and Google Inc.

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