Global Low Code Development Platform Market Highlights Key Development Factors and Upcoming Trends During forecast 2017-2025

Posted on 2018-04-26 by Mark Hub in Technology // 0 Comments

Albany, USA, 2018-Apr-26 — /EPR Network/ —In order to study the various trends and patterns prevailing in the overall market for Low Code Development Platform, Market Research Reports Search Engine (MRRSE) has included a new report titled “Low Code Development Platform Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Highly fragmented, yet full of promises, the global low code development platform market is forecast to report exponential growth in the coming years. Google Inc. is one of the recent players to join the bandwagon. In December 2016 they announces a flurry of low-code solutions for developers. With this, they joined OutSystems besides other vendors who identified and acknowledged the daily struggles of IT teams with regards to resources challenges and huge backlogs. “With IT organizations exploring novel and better means of delivering apps faster, the market is expected to show impressive growth in the near future,” said a lead MRRSE analyst. As a result of this, the global low code development platform is booming and MRRSE predicts it to reach a whopping US$126,638.0 Mn by the end of 2025.

During the forecast period from 2017 to 2025, the global low code development platform market will exhibit a record 54.5% CAGR, finds MRRSE in a new study. While North America currently holds dominance, in no time the market players will discover lucrative prospects in emerging nations across emerging nation. As per MRRSE, the North America low code development platform market held over 40% of the global market in 2016. Based on deployment, trends are tilted in favor of cloud-based deployment, which accounted for nearly 55% of the overall market in the same year.

Low Code Development Platforms Help Developers Seamlessly Deploy Applications

A low code development platform packs all components necessary in an intelligible set of tools, which gears the creation of applications visually. Innovative applications are need of the hour, besides which the demand for software automation has augmented as well. This has compelled developers to create custom applications in bulk. A low code development platform is a hand in glove fit for this purpose, enabling developers to create and deploy applications as seamlessly as possible. The development platform requires minimal hand-coding or upfront investment in setup. Furthermore, it offers easy training and development, which makes it an ideal tool for developers to tactically mitigate a few intrinsic challenges they used to face in the job almost on a daily basis.

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In addition, low code development platforms provide a unique communication mechanism to support IT businesses and stakeholders. In doing so they ensure more effective communications and improved software quality. Recent studies have revealed that app development has outgrown the market for information and communication technologies in the last couple of years. Experts believe this growth to accelerate further in the coming years, in turn creating lucrative prospects for the global low code development platform market’s expansion.

The report also includes competitive profiling of the key players associated with the low code development platform around the globe. The important business strategies adopted by them, their market positioning, financials, SWOT analysis and recent developments have also been identified in the research report. The competitive landscape section of the report also gives an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the future.

Some of the major players in global low code development platform market are AgilePoint, Bizagi Appian Corporation, Caspio, Inc., Mendix, OutSystems, MatsSoft Inc., Salesforce.com, Inc., Microsoft Corporation and Google Inc. Details such as financials, business strategies, SWOT analysis, recent developments, and other such strategic information pertaining to these players has been duly provided as part of company profiling.

Market Segmentation:

Low Code Development Platform Market, by Deployment

Cloud
- Private
- Public
- Hybrid
On-premise

Low Code Development Platform Market, by Type

General Purpose Platform
Database App Platform
Mobile – First App Platform
Process App Platform
Request Handling Platform
Others

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In addition, the report provides analysis of the Low Code Development Platform Market with respect to the following geographic segments:

North America
- The U.S.
- Canada
- Rest of North America
Europe
- The U.K.
- Germany
- France
- Rest of Europe

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