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Global Low Code Development Platform Market Research Report: Forecast (2021-2026)

  • ID: 5439526
  • Report
  • March 2022
  • Region: Global
  • 245 Pages
  • MarkNtel Advisors LLP

FEATURED COMPANIES

  • AgilePoint Inc.
  • Kony Inc.
  • MatsSoft Limited
  • Oracle Corporation
  • Pegasystems Inc.
  • Salesforce

Market Overview


Low code is a modern approach to software development that relegates the need to write code manually. Low-code platforms enable the developer to build, edit and test custom business applications. It can be done by anyone, even by people with limited technical knowledge or development experience.

According to this research report, “Global Low Code Development Platform Market Analysis, 2021,” the market is likely to grow at a CAGR of around 28% in the forecast period, i.e., 2021-26, primarily due to the rapid digital advancements across several industries and the surging need for digitalization of agile DevOps practices.

Many businesses are rapidly adopting mobile-based apps to make their operations more convenient, efficient, and profitable. The rising need for customization & scalability is another critical aspect further fuelling the market growth. Besides, mobile-based apps expand business abilities and enable owners to explore different possibilities while transforming operational processes to achieve substantial profits. Hence, based on these factors, the overall market is very likely to propel exponentially in the forecast years.

Impact of COVID-19


The outbreak of the Covid-19 pandemic made a positive impact on the Global Market. There has been a gradual increase in the demand for low-code development platforms, and it shall grow in the forecast years. However, with the outbreak, there were increasing challenges where businesses across the world shut. It also brought up challenges in raising the budget post-Covid-19 among the organizations.

Market Segmentation


Cloud Deployment to Witness the Largest Market Share

Based on the Deployment Type, the market bifurcates into On-Premise and Cloud Deployment. Of two, the Cloud Deployment segment is likely to witness the largest share at a significant CAGR in the forecast years. The cloud-based deployment is cheaper than on-premise storage, offers 24*7 services, and helps obtain data from multiple devices & locations with minimum support and maintenance. It is also beneficial for increasing scalability & management capabilities for developing business applications. Hence, the factors cited above drive the segment growth, thereby fueling the overall market growth in the coming years.

Large Enterprises (LE) to Attain the Fastest Market Growth

Based on the Organization Size, the market classifies into Small & Medium-Sized Enterprises and Large Enterprises. However, the Large Enterprises (LE) segment is more likely to attain the fastest market growth in the forecast years. It owes to the higher budget of Large Enterprises than low or medium-sized enterprises to develop more business apps in less time. Hence, large enterprises like IT & telecom, BFSI, retail, government, manufacturing, healthcare, and others are gaining full adoption of low code application development platforms in their professions. These factors are likely to lead Large Enterprises to attain the fastest market growth in the forecast years, states the publisher in their research report, “Global Low Code Development Platform Market Analysis, 2021.”

Regional Landscape

North America Dominates with the Largest Market Share

North America dominated the global market in recent years and shall continue its dominance in the forecast years by attaining the largest market share. It owes to the availability of various market players dedicatedly delivering low-code development platforms & services to several end-user industries in the North American Market. The US & Canada have strong economic conditions and are likely to be the prominent patrons to the low-code development platform market growth. Furthermore, partnerships, significant R&D activities, and acquisitions, & mergers are other factors for growth in the deployment of low-code development platforms and services. These enhanced platforms & services are propelling the growth of the market in North America.

Market Driver


The prominent market driver is the rapidly expanding digitalization at the workplace and the trend to Bring-Your-Own-Device, thereby increasing the demand for the low-code development platform market. Besides, the rapid inclination toward a digital workspace with new technologies is another critical aspect that shall create lucrative growth opportunities for the low-code development platform market.

Competitive Landscape


According to the publisher, the leading players in the Global Low Code Development Platform Market are Appian Corporation, Oracle Corporation, Microsoft Corporation, Salesforce, MatsSoft Limited, AgilePoint Inc., Lansa Inc., Magic Software Enterprises Ltd., Kony Inc., OutSystems Inc., Pegasystems Inc., QuickBase Inc., Zoho.

Key Questions Answered in the Market Research Report:


1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Low Code Development Platform Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Low Code Development Platform Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Low Code Development Platform Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Low Code Development Platform Market study?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AgilePoint Inc.
  • Kony Inc.
  • MatsSoft Limited
  • Oracle Corporation
  • Pegasystems Inc.
  • Salesforce

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Preface3. Executive Summary4. Impact of COVID-19 on Global Low Code Development Platform Market5. Global Low Code Development Platform Market Trends & Insights
6. Global Low Code Development Platform Market Dynamics
6.1. Drivers
6.2. Challenges
6.3. Impact Analysis
7. Global Low Code Development Platform Market Hotspots & Opportunities8. Global Low Code Development Platform Market Regulations & Policy
9. Global Low Code Development Platform Market Start-Up Ecosystem
9.1. Entrepreneurial Activity
9.2. Year on Year Funding Received
9.3. Funding Received by Top Companies
9.4. Key Investors Active in the Market
9.5. Series Wise Funding Received
9.5.1. Seed Funding
9.5.2. Angel Investing
9.5.3. Venture Capitalists (VC) Funding
9.5.4. Others
10. Global Low Code Development Platform Market Outlook, 2016- 2026F
10.1. Market Size & Analysis
10.1.1. By Revenue
10.2. Market Share & Analysis
10.2.1. By Component
10.2.1.1. Platform
10.2.1.2. Services
10.2.2. By Application
10.2.2.1. Web Based
10.2.2.2. Mobile Based
10.2.2.3. Desktop and Server Based
10.2.3. By Organization Size
10.2.3.1. Small & Medium Sized Enterprises
10.2.3.2. Large Enterprises
10.2.4. By Deployment Type
10.2.4.1. On-Premise
10.2.4.2. Cloud
10.2.5. By End Users
10.2.5.1. BFSI
10.2.5.2. Retail
10.2.5.3. Government & Defense
10.2.5.4. Healthcare
10.2.5.5. Energy & Utilities
10.2.5.6. IT & Telecom
10.2.5.7. Others (Manufacturing, Education, etc.)
10.2.6. By Region
10.2.6.1. North America
10.2.6.2. South America
10.2.6.3. Europe
10.2.6.4. Middle East & Africa
10.2.6.5. Asia-Pacific
10.2.7. By Competitors
10.2.7.1. Competition Characteristics
10.2.7.2. Market Share & Analysis
10.2.7.3. Competitive Matrix
11. North America Low Code Development Platform Market Outlook, 2016-2026F
11.1. Market Size & Analysis
11.1.1. By Revenue
11.2. Market Share & Analysis
11.2.1. By Component
11.2.2. By Application
11.2.3. By Organization Size
11.2.4. By End Users
11.2.5. By Country
11.2.5.1. The US
11.2.5.2. Canada
11.2.5.3. Mexico
11.3. The US Low Code Development Platform Market Outlook, 2016-2026F
11.3.1. Market Size & Analysis
11.3.1.1. By Revenue
11.3.2. Market Share & Analysis
11.3.2.1. By Component
11.3.2.2. By End User
11.4. Canada Low Code Development Platform Market Outlook, 2016-2026F
11.4.1. Market Size & Analysis
11.4.1.1. By Revenue
11.4.2. Market Share & Analysis
11.4.2.1. By Component
11.4.2.2. By End User
11.5. Mexico Low Code Development Platform Market Outlook, 2016-2026F
11.5.1. Market Size & Analysis
11.5.1.1. By Revenue
11.5.2. Market Share & Analysis
11.5.2.1. By Component
11.5.2.2. By End User
12. South America Low Code Development Platform Market Outlook, 2016-2026F
12.1. Market Size & Analysis
12.1.1. By Revenue
12.2. Market Share & Analysis
12.2.1. By Component
12.2.2. By Application
12.2.3. By Organization Size
12.2.4. By End Users
12.2.5. By Country
12.2.5.1. Brazil
12.3. Brazil Low Code Development Platform Market Outlook, 2016-2026F
12.3.1. Market Size & Analysis
12.3.1.1. By Revenue
12.3.2. Market Share & Analysis
12.3.2.1. By Component
12.3.2.2. By End User
13. Europe Low Code Development Platform Market Outlook, 2016-2026F
13.1. Market Size & Analysis
13.1.1. By Revenue
13.2. Market Share & Analysis
13.2.1. By Component
13.2.2. By Application
13.2.3. By Organization Size
13.2.4. By End Users
13.2.5. By Country
13.2.5.1. Germany
13.2.5.2. The UK
13.2.5.3. France
13.2.5.4. Spain
13.2.5.5. Italy
13.2.5.6. Others
13.3. Germany Low Code Development Platform Market Outlook, 2016-2026F
13.3.1. Market Size & Analysis
13.3.1.1. By Revenue
13.3.2. Market Share & Analysis
13.3.2.1. By Component
13.3.2.2. By End User
13.4. The UK Low Code Development Platform Market Outlook, 2016-2026F
13.4.1. Market Size & Analysis
13.4.1.1. By Revenue
13.4.2. Market Share & Analysis
13.4.2.1. By Component
13.4.2.2. By End User
13.5. France Low Code Development Platform Market Outlook, 2016-2026F
13.5.1. Market Size & Analysis
13.5.1.1. By Revenue
13.5.2. Market Share & Analysis
13.5.2.1. By Component
13.5.2.2. By End User
13.6. Spain Low Code Development Platform Market Outlook, 2016-2026F
13.6.1. Market Size & Analysis
13.6.1.1. By Revenue
13.6.2. Market Share & Analysis
13.6.2.1. By Component
13.6.2.2. By End User
13.7. Italy Low Code Development Platform Market Outlook, 2016-2026F
13.7.1. Market Size & Analysis
13.7.1.1. By Revenue
13.7.2. Market Share & Analysis
13.7.2.1. By Component
13.7.2.2. By End User
14. Middle East & Africa Low Code Development Platform Market Outlook, 2016-2026F
14.1. Market Size & Analysis
14.1.1. By Revenue
14.2. Market Share & Analysis
14.2.1. By Component
14.2.2. By Application
14.2.3. By Organization Size
14.2.4. By End Users
14.2.5. By Country
14.2.5.1. Saudi Arabia
14.2.5.2. UAE
14.2.5.3. South Africa
14.2.5.4. Others
14.3. Saudi Arabia Low Code Development Platform Market Outlook, 2016-2026F
14.3.1. Market Size & Analysis
14.3.1.1. By Revenue
14.3.2. Market Share & Analysis
14.3.2.1. By Component
14.3.2.2. By End User
14.4. UAE Low Code Development Platform Market Outlook, 2016-2026F
14.4.1. Market Size & Analysis
14.4.1.1. By Revenue
14.4.2. Market Share & Analysis
14.4.2.1. By Component
14.4.2.2. By End User
14.5. South Africa Low Code Development Platform Market Outlook, 2016-2026F
14.5.1. Market Size & Analysis
14.5.1.1. By Revenue
14.5.2. Market Share & Analysis
14.5.2.1. By Component
14.5.2.2. By End User
15. Asia Pacific Low Code Development Platform Market Outlook, 2016-2026F
15.1. Market Size & Analysis
15.1.1. By Revenue
15.2. Market Share & Analysis
15.2.1. By Component
15.2.2. By Application
15.2.3. By Organization Size
15.2.4. By End Users
15.2.5. By Country
15.2.5.1. India
15.2.5.2. China
15.2.5.3. Japan
15.2.5.4. South Korea
15.2.5.5. Australia
15.2.5.6. Others
15.3. India Low Code Development Platform Market Outlook, 2016-2026F
15.3.1. Market Size & Analysis
15.3.1.1. By Revenue
15.3.2. Market Share & Analysis
15.3.2.1. By Component
15.3.2.2. By End User
15.4. China Low Code Development Platform Market Outlook, 2016-2026F
15.4.1. Market Size & Analysis
15.4.1.1. By Revenue
15.4.2. Market Share & Analysis
15.4.2.1. By Component
15.4.2.2. By End User
15.5. Japan Low Code Development Platform Market Outlook, 2016-2026F
15.5.1. Market Size & Analysis
15.5.1.1. By Revenue
15.5.2. Market Share & Analysis
15.5.2.1. By Component
15.5.2.2. By End User
15.6. South Korea Low Code Development Platform Market Outlook, 2016-2026F
15.6.1. Market Size & Analysis
15.6.1.1. By Revenue
15.6.2. Market Share & Analysis
15.6.2.1. By Component
15.6.2.2. By End User
15.7. Australia Low Code Development Platform Market Outlook, 2016-2026F
15.7.1. Market Size & Analysis
15.7.1.1. By Revenue
15.7.2. Market Share & Analysis
15.7.2.1. By Component
15.7.2.2. By End User
16. Global Low Code Development Platform Market Key Strategic Imperatives for Success and Growth
17. Competition Outlook
17.1. Competition Matrix
17.1.1. Product Portfolio
17.1.2. Target Markets
17.1.3. Target End Users
17.1.4. Research & Development
17.1.5. Strategic Alliances
17.1.6. Strategic Initiatives
17.2. Company Profiles
17.2.1. Appian Corporation
17.2.2. Oracle Corporation
17.2.3. Microsoft Corporation
17.2.4. Salesforce
17.2.5. MatsSoft Limited
17.2.6. AgilePoint Inc.
17.2.7. Lansa Inc.
17.2.8. Magic Software Enterprises Ltd.
17.2.9. Kony Inc.
17.2.10. OutSystems Inc.
17.2.11. Pegasystems Inc.
17.2.12. QuickBase Inc.
17.2.13. Zoho
18. Disclaimer
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Appian Corporation
  • Oracle Corporation
  • Microsoft Corporation
  • Salesforce
  • MatsSoft Limited
  • AgilePoint Inc.
  • Lansa Inc.
  • Magic Software Enterprises Ltd.
  • Kony Inc.
  • OutSystems Inc.
  • Pegasystems Inc.
  • QuickBase Inc.
  • Zoho
Note: Product cover images may vary from those shown