Low-Code Development Platform Market by Component (Solution and Services (Professional and Managed)), Deployment Mode, Organization Size, Vertical (Telecom and IT, BFSI, Government), and Region - Global Forecast to 2022

  • ID: 4450215
  • Report
  • Region: Global
  • 118 Pages
  • Markets and Markets
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The Low-Code Development Platform Market Size is Expected to Grow from USD 4.32 Billion in 2017 to USD 27.23 Billion by 2022, at a CAGR of 44.5%

FEATURED COMPANIES

  • AgilePoint
  • Appian
  • Bizagi
  • Caspio
  • K2
  • MatsSoft
  • MORE

The rising demand for software automation and innovative applications across the globe is expected to be driving the growth of the low-code development platform market

The low-code development platform market size is expected to grow from USD 4.32 billion in 2017 to USD 27.23 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 44.49% during the forecast period. The market is expected to be driven by the increased need for software automation and innovative applications by global organizations. Similarly, the low cost of development and easy deployment features are said to be fueling the growth of the low-code development platform market. However, resentment from the technical teams in organizations is expected to be restraining the growth of the market.

Integration services in the professional services segment is expected to have the largest market size in the low-code development platform market in 2017

The integration services segment is estimated to have the largest market size in 2017. Integrating a comprehensive and robust low-code development platform with the other components of the IT system is one of the basic and most important steps toward deploying the platform. These integrations are done, keeping in mind the standards and compliances set by the government bodies and organizations.

North America is expected to contribute to the largest market share and Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period

North America is estimated to hold the largest market share and dominate the global low-code development platform market in 2017. Factors such as the increasing focus of Application Development & Delivery (AD&D) professionals to develop customer-centric applications and the ease of development of web and mobile apps are said to be pushing organizations in North America to adopt the low-code development platform solution. APAC offers growth opportunities for the low-code development platform market to grow, as countries in this region are investing majorly for the deployment of the low-code development platform to rapidly deliver robust applications.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profile of primary participants is as follows:

  • By Company: Tier 1 - 20%, Tier 2 - 45%, and Tier 3 - 35%
  • By Designation: C-level - 48%, Director level - 37%, and Others (sales managers, marketing managers, and product managers) - 15%
  • By Region: North America - 22%, Europe - 45%, APAC - 26%, and RoW - 7%

Key low-code development platform vendors are Appian (US), Salesforce (US), ServiceNow (US), AgilePoint (US), Bizagi (UK), Caspio (US), K2 (US), MatsSoft Limited (UK), Mendix (US), and OutSystems (US).

Research Coverage

The research covers the low-code development platform market on the basis of different segments, such as components (solution and services), deployment modes, organization size, application types, and verticals in North America, Europe, APAC, MEA, and Latin America. Additionally, it includes the factors that are expected to be driving the growth of the low-code development platform market and its growth opportunities. It also includes the restraining factors and challenges that are possibly limiting the growth of the low-code development platform market. Moreover, the report includes detailed company profiles of the key players offering low-code development platform and services.

The report would help the market leaders/new entrants in this market in the following ways:

1. This report segments the low-code development platform market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report helps stakeholders understand the competitors better and gain more insights to improve their positions in the business. The competitive landscape section includes competitor ecosystem, new product developments, busines expansions, partnerships, and mergers and acquisitions.

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FEATURED COMPANIES

  • AgilePoint
  • Appian
  • Bizagi
  • Caspio
  • K2
  • MatsSoft
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Low-Code Development Platform Market
4.2 Market By Region, 2017 vs 2022
4.3 Market By Vertical, 2017 vs 2022

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Regulatory Implications
5.2.1 Payment Card Industry Data Security Standard (PCI DSS)
5.2.2 Health Insurance Portability and Accountability Act (HIPAA)
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Organizations’ Need for Web and Mobile Apps for Their Business Processes
5.3.1.2 Increasing Api Offerings By Vendors
5.3.1.3 Proliferation of Smartphones Across Various Industries
5.3.2 Restraints
5.3.2.1 Resentment From the Technical Teams in Organizations
5.3.3 Opportunities
5.3.3.1 Ongoing Trend for Digitization in the IT Industry
5.3.3.2 Rising Demand for Software Automation and Innovative Applications
5.3.4 Challenges
5.3.4.1 Need to Build the Customized Applications in Line With the Organizational Needs
5.4 Innovation Spotlight

6 Low-Code Development Platform Market By Component
6.1 Introduction
6.2 Solution
6.3 Services
6.3.1 Professional Services
6.3.1.1 Training and Development
6.3.1.2 Integration
6.3.1.3 Support and Maintenance
6.3.2 Managed Services

7 Low-Code Development Platform Market By Application Type
7.1 Introduction
7.2 Web-Based
7.3 Mobile
7.3.1 IOS
7.3.2 Android
7.3.3 Windows

8 Low-Code Development Platform Market By Deployment Mode
8.1 Introduction
8.2 Cloud
8.3 On-Premises

9 Low-Code Development Platform Market By Organization Size
9.1 Introduction
9.2 Small and Medium-Sized Enterprises
9.3 Large Enterprises

10 Low-Code Development Platform Market By Vertical
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.3 Government
10.4 Healthcare and Life Sciences
10.5 Education
10.6 Media and Entertainment
10.7 Retail and Ecommerce
10.8 Manufacturing
10.9 Telecom and IT
10.10 Energy and Utilities
10.11 Others

11 Low-Code Development Platform Market By Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Middle East and Africa
11.6 Latin America

12 Competitive Landscape
12.1 Overview
12.2 Prominent Players Operating in the Market
12.3 Competitive Scenario
12.3.1 New Product Launches
12.3.2 Partnerships, Agreements, and Collaborations
12.3.3 Business Expansions
12.3.4 Mergers and Acquisitions

13 Company Profiles
(Business Overview, Products Offered, Recent Developments, and SWOT Analysis)
13.1 Appian
13.2 Salesforce
13.3 ServiceNow
13.4 AgilePoint
13.5 Bizagi
13.6 Caspio
13.7 K2
13.8 MatsSoft
13.9 Mendix
13.10 OutSystems
Details on Business Overview, Products Offered, Recent Developments, and SWOT Analysis Might Not Be Captured in Case of Unlisted Companies

14 Appendix
14.1 More Developments
14.1.1 New Product Launches
14.1.2 Partnerships, Agreements, and Collaborations
14.2 Discussion Guide

List of Tables
Table 1 Global Low-Code Development Platform Market Size and Growth, 2015-2022 (USD Million, Y-O-Y %)
Table 2 Innovation Spotlight: Latest Low-Code Development Platform Innovations
Table 3 Low-Code Development Platform Market Size By Component, 2015-2022 (USD Million)
Table 4 Solution: Market Size By Region, 2015-2022 (USD Million)
Table 5 Services: Market Size By Type, 2015-2022 (USD Million)
Table 6 Services: Market Size By Region, 2015-2022 (USD Million)
Table 7 Professional Services Market Size, By Type, 2015-2022 (USD Million)
Table 8 Professional Services Market Size, By Region, 2015-2022 (USD Million)
Table 9 Training and Development Market Size, By Region, 2015-2022 (USD Million)
Table 10 Integration Market Size, By Region, 2015-2022 (USD Million)
Table 11 Support and Maintenance Market Size, By Region, 2015-2022 (USD Million)
Table 12 Managed Services Market Size, By Region, 2015-2022 (USD Million)
Table 13 Market Size By Deployment Mode, 2015-2022 (USD Million)
Table 14 Cloud: Market Size By Region, 2015-2022 (USD Million)
Table 15 On-Premises: Market Size By Region, 2015-2022 (USD Million)
Table 16 Market Size By Organization Size, 2015-2022 (USD Million)
Table 17 Small and Medium-Sized Enterprises: Market Size By Region, 2015-2022 (USD Million)
Table 18 Large Enterprises: Market Size By Region, 2015-2022 (USD Million)
Table 19 Low-Code Development Platform Market Size By Vertical, 2015-2022 (USD Million)
Table 20 Banking, Financial Services, and Insurance: Market Size By Region, 2015-2022 (USD Million)
Table 21 Government: Market Size By Region, 2015-2022 (USD Million)
Table 22 Healthcare and Life Sciences: Market Size By Region, 2015-2022 (USD Million)
Table 23 Education: Market Size By Region, 2015-2022 (USD Million)
Table 24 Media and Entertainment: Market Size By Region, 2015-2022 (USD Million)
Table 25 Retail and Ecommerce: Market Size By Region, 2015-2022 (USD Million)
Table 26 Manufacturing: Market Size By Region, 2015-2022 (USD Million)
Table 27 Telecom and IT: Market Size By Region, 2015-2022 (USD Million)
Table 28 Energy and Utilities: Market Size By Region, 2015-2022 (USD Million)
Table 29 Others: Market Size By Region, 2015-2022 (USD Million)
Table 30 Low-Code Development Platform Market Size, By Region, 2017-2022 (USD Million)
Table 31 North America: Market Size By Country, 2015-2022 (USD Million)
Table 32 North America: Market Size By Component, 2015-2022 (USD Million)
Table 33 North America: Market Size By Service, 2015-2022 (USD Million)
Table 34 North America: Market Size By Professional Service, 2015-2022 (USD Million)
Table 35 North America: Market Size By Deployment Mode, 2015-2022 (USD Million)
Table 36 North America: Market Size By Organization Size, 2015-2022 (USD Million)
Table 37 North America: Market Size By Vertical, 2015-2022 (USD Million)
Table 38 Europe: Low-Code Development Platform Market Size, By Country, 2015-2022 (USD Million)
Table 39 Europe: Market Size By Component, 2015-2022 (USD Million)
Table 40 Europe: Market Size By Service, 2015-2022 (USD Million)
Table 41 Europe: Market Size By Professional Service, 2015-2022 (USD Million)
Table 42 Europe: Market Size By Deployment Mode, 2015-2022 (USD Million)
Table 43 Europe: Market Size By Organization Size, 2015-2022 (USD Million)
Table 44 Europe: Market Size By Vertical, 2015-2022 (USD Million)
Table 45 Asia Pacific: Low-Code Development Platform Market Size, By Country, 2015-2022 (USD Million)
Table 46 Asia Pacific: Market Size By Component, 2015-2022 (USD Million)
Table 47 Asia Pacific: Market Size By Service, 2015-2022 (USD Million)
Table 48 Asia Pacific: Market Size By Professional Service, 2015-2022 (USD Million)
Table 49 Asia Pacific: Market Size By Deployment Mode, 2015-2022 (USD Million)
Table 50 Asia Pacific: Market Size By Organization Size, 2015-2022 (USD Million)
Table 51 Asia Pacific: Market Size By Vertical, 2015-2022 (USD Million)
Table 52 Middle East and Africa: Low-Code Development Platform Market Size, By Sub-Region, 2015-2022 (USD Million)
Table 53 Middle East and Africa: Market Size By Component, 2015-2022 (USD Million)
Table 54 Middle East and Africa: Market Size By Service, 2015-2022 (USD Million)
Table 55 Middle East and Africa: Market Size By Professional Service, 2015-2022 (USD Million)
Table 56 Middle East and Africa: Market Size By Deployment Mode, 2015-2022 (USD Million)
Table 57 Middle East and Africa: Market Size By Organization Size, 2015-2022 (USD Million)
Table 58 Middle East and Africa: Market Size By Vertical, 2015-2022 (USD Million)
Table 59 Latin America: Low-Code Development Platform Market Size, By Country, 2015-2022 (USD Million)
Table 60 Latin America: Market Size By Component, 2015-2022 (USD Million)
Table 61 Latin America: Market Size By Service, 2015-2022 (USD Million)
Table 62 Latin America: Market Size By Professional Service, 2015-2022 (USD Million)
Table 63 Latin America: Market Size By Deployment Mode, 2015-2022 (USD Million)
Table 64 Latin America: Market Size By Organization Size, 2015-2022 (USD Million)
Table 65 Latin America: Market Size By Vertical, 2015-2022 (USD Million)
Table 66 New Product Launches, 2017
Table 67 Partnerships, Agreements, and Collaborations, 2017
Table 68 Business Expansions, 2015-2017
Table 69 Mergers and Acquisitions, 2016-2017

List of Figures
Figure 1 Global Low-Code Development Platform Market Segmentation
Figure 2 Regional Scope
Figure 3 Global Market Research Design
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Assumptions
Figure 8 Market Size By Component, 2017 vs 2022 (USD Million)
Figure 9 Market Size By Organization Size, 2017 vs 2022 (USD Million)
Figure 10 Market Size By Deployment Mode, 2017 vs 2022 (USD Million)
Figure 11 Market Size By Region
Figure 12 Increasing Demand for Customized Enterprise Applications and Low Cost of Development Among Enterprises is Expected to Drive the Overall Growth of the Market During the Forecast Period
Figure 13 Asia Pacific is Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 14 Telecom and IT Vertical is Expected to Have the Highest Growth Rate During the Forecast Period
Figure 15 Market Investment Scenario: Asia Pacific is Expected to Rise as the Best Market for Investment in the Next 5 Years
Figure 16 Low-Code Development Platform Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Solution Segment is Expected to Exhibit the Higher CAGR During the Forecast Period
Figure 18 Cloud Deployment Mode is Expected to Exhibit the Higher CAGR During the Forecast Period
Figure 19 Small and Medium-Sized Enterprises Segment is Expected to Exhibit the Higher CAGR During the Forecast Period
Figure 20 Telecom and IT Vertical is Expected to Have the Highest CAGR During the Forecast Period
Figure 21 Asia Pacific is Expected to Exhibit the Highest CAGR During the Forecast Period
Figure 22 Asia Pacific is Expected to Have the Highest CAGR During the Forecast Period
Figure 23 North America: Market Snapshot
Figure 24 Asia Pacific: Market Snapshot
Figure 25 Key Developments By Leading Players in the Low-Code Development Platform Market During 2015-2017
Figure 26 Market Evaluation Framework
Figure 27 Appian: Company Snapshot
Figure 28 Appian: SWOT Analysis
Figure 29 Salesforce: Company Snapshot
Figure 30 Salesforce: SWOT Analysis
Figure 31 Servicenow: Company Snapshot
Figure 32 Servicenow: SWOT Analysis
Figure 33 Agilepoint: SWOT Analysis
Figure 34 Bizagi: SWOT Analysis

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  • AgilePoint
  • Appian
  • Bizagi
  • Caspio
  • K2
  • MatsSoft
  • Mendix
  • OutSystems
  • Salesforce
  • ServiceNow
Note: Product cover images may vary from those shown
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