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PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1341954

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PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1341954

AI Spurs Growth of Low-code Application Platforms

PAGES: 19 Pages
DELIVERY TIME: 1-2 business days
Web Access (Regional License)
USD 2450

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Customers Drive IT Democratization, Hyperautomation, and Composable Businesses with Modern Low-code Platforms

As businesses emerged from the COVID-19 pandemic operating environment, they found themselves facing the Great Resignation, an economic downturn, and a potential recession. These dynamics caused them to reassess spending and force business units to do more with less. Low-code application platforms (LCAPs), a technology that was just gaining popularity at the start of the pandemic, are well suited to help businesses meet these challenges. LCAPs allow for faster, easier application development, enabling businesses to quickly create and deploy new services that automate both employee tasks and customer interactions. They also allow line-of-business team members to take a more active role in creating the services they need to work smartly in a completely new operating environment.

The LCAP market has rapidly expanded in the last two years. While some providers have mature services, new entrants continue to appear. Frost & Sullivan estimated LCAP market revenue to be approximately $25 billion in late 2022 and expects it to approach $70 billion by 2026. This Growth Opportunity report offers an overview of the LCAP market and discuss prime growth strategies that will help vendors boost adoption of their platforms in the coming years.

Product Code: K8DE-72

Table of Contents

Strategic Imperatives

  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • The Impact of the Top 3 Strategic Imperatives on the Low-code Application Platform Industry
  • Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis

  • Market Overview
  • Growth Drivers
  • Growth Restraints

Growth Opportunity Universe

  • Growth Opportunity 1: Develop Vertical- and Persona-specific Workflows, SDKs, and IDEs
  • Growth Opportunity 2: Integrate Virtual Reality into LCAPs
  • List of Exhibits
  • Legal Disclaimer
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Jeroen Van Heghe

Manager - EMEA



Christine Sirois

Manager - Americas


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