The Global Low-Code Application Development Platform Market was $15.30 Bn in 2020, and it is expected to reach $79.4 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 17.9% between 2020-2030. The Low-Code Application Development Platform is a type of platform that use to develop many apps in less time and need low-cost investment. Most of the large, medium and small enterprises are adopting this platform to integrate IT management into the business. In addition, the application developer focusing more on developing the customer and center applications are relations. Increasing demand for innovation application and software automation is enhancing the market growth in the forecast period. Now, moving forward, the huge demand for the Global Low-Code Application Development Platform Market in the software department is further estimated to create new necessities for the market of growth over the forecast period of 2020-2030.
Global Low-Code Application Development Platform Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The global Low-Code Application Development Platform market is segmented into component, application, organization size, deployment type, and industry. By Component, the global Low-Code Application Development Platform market has been bifurcated as Introduction, Platform, and Services. By Application Low-Code Application Development Platform market is divided into Introduction, Web-Based, Mobile-Based, and Desktop and Server-Based. By Deployment Type, the global Low-Code Application Development Platform market is bifurcated as On-Premises and Cloud. By Organization Size Low-Code Application Development Platform market is segmented into Overview, Large Enterprises, and Small and Medium-Sized Enterprises. By Industry, the global Low-Code Application Development Platform market is divided into Overview, Banking, Financial Services, and Insurance, Retail and eCommerce, Government and Defense, Healthcare, Information And Technology, Energy And Utilities, Manufacturing, and Others.
By Region, North America is Holding the Major Market Share
The global Low-Code Application Development Platform Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa. However, North America has the considerable share during the forecast period. The increasing number of IT spending Business start-ups, huge investment, and the massive demand for the application are boosting the Low-Code Application Development Platform market growth during the forecast period. Apart from that, Asia Pacific has also been steadily increasing the market share in worldwide for the massive demand for Low-Code Application Development Platform.
Major Players in the Global Low-Code Application Development Platform Market
Some of the key players in the report of Low-Code Application Development Platform Market include Microsoft, Appian, Oracle, Salesforce, Magic Software Enterprises, Pegasystems, Outsystems, Mendix, Zoho, Agilepoint, Quick Base, Fujitsu Runmyprocess, Netcall, Lansa, and Wavemaker, among others.
The Global Low-Code Application Development Platform Market Has Been Segmented into:
Global Low-Code Application Development Platform Market: By Component
Global Low-Code Application Development Platform Market: By Application
Global Low-Code Application Development Platform Market: By Deployment Type
Global Low-Code Application Development Platform Market: By Organization Size
Global Low-Code Application Development Platform Market: By Industry
Global Low-Code Application Development Platform Market: By Region
Customization options available to meet your custom research requirements :