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

  • ID: 5439526
  • Report
  • June 2021
  • 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 the publisher 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 author 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 publishers, 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. Preface

3. Executive Summary

4. Impact of COVID-19 on Global Low Code Development Platform Market

5. 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 & Opportunities

8. 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

10. Global Low Code Development Platform Market Outlook, 2016- 2026F
10.1. Market Size & Analysis
10.2. Market Share & Analysis

11. North America Low Code Development Platform Market Outlook, 2016-2026F
11.1. Market Size & Analysis
11.2. Market Share & Analysis
11.3. The US Low Code Development Platform Market Outlook, 2016-2026F
11.4. Canada Low Code Development Platform Market Outlook, 2016-2026F
11.5. Mexico Low Code Development Platform Market Outlook, 2016-2026F

12. South America Low Code Development Platform Market Outlook, 2016-2026F
12.1. Market Size & Analysis
12.2. Market Share & Analysis
12.3. Brazil Low Code Development Platform Market Outlook, 2016-2026F

13. Europe Low Code Development Platform Market Outlook, 2016-2026F
13.1. Market Size & Analysis
13.2. Market Share & Analysis
13.3. Germany Low Code Development Platform Market Outlook, 2016-2026F
13.4. The UK Low Code Development Platform Market Outlook, 2016-2026F
13.5. France Low Code Development Platform Market Outlook, 2016-2026F
13.6. Spain Low Code Development Platform Market Outlook, 2016-2026F
13.7. Italy Low Code Development Platform Market Outlook, 2016-2026F

14. Middle East & Africa Low Code Development Platform Market Outlook, 2016-2026F
14.1. Market Size & Analysis
14.2. Market Share & Analysis
14.3. Saudi Arabia Low Code Development Platform Market Outlook, 2016-2026F
14.4. UAE Low Code Development Platform Market Outlook, 2016-2026F
14.5. South Africa Low Code Development Platform Market Outlook, 2016-2026F

15. Asia Pacific Low Code Development Platform Market Outlook, 2016-2026F
15.1. Market Size & Analysis
15.2. Market Share & Analysis
15.3. India Low Code Development Platform Market Outlook, 2016-2026F
15.4. China Low Code Development Platform Market Outlook, 2016-2026F
15.5. Japan Low Code Development Platform Market Outlook, 2016-2026F
15.6. South Korea Low Code Development Platform Market Outlook, 2016-2026F
15.7. Australia Low Code Development Platform Market Outlook, 2016-2026F

16. Global Low Code Development Platform Market Key Strategic Imperatives for Success and Growth

17. Competition Outlook
17.1. Competition Matrix
17.2. Company Profiles

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