Market Research Report
Global Low-Code Development Platform Market By Application Type By Component, By Deployment Mode, By Vertical, By Organization Size, By Region, Forecast & Opportunities, 2025
|Published by||TechSci Research||Product code||935738|
|Published||Content info||119 Pages
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|Global Low-Code Development Platform Market By Application Type By Component, By Deployment Mode, By Vertical, By Organization Size, By Region, Forecast & Opportunities, 2025|
|Published: May 1, 2020||Content info: 119 Pages||
The global low-code development market is expected to register significant growth during the forecast period. With the advancement of technology, internet and mobile applications have taken over the daily lives of people, which are some of the key factors that drive the market forward. In addition to this, business processes and companies are the major end users of this market. Additionally, surging investments from the IT companies globally, daily life operations, like food delivery and commutation have added to the share of market, extensively.
Global low-code development platform market is segmented based on application, component, deployment mode, vertical, organization size, region and company. The vertical segment in the market is further segmented into BFSI, government, healthcare and life sciences, education, media and entertainment, retail and ecommerce, manufacturing, IT & telecom, energy & utilities and others, out of which IT & telecom leads the market. The increasing demand for business applications and the IT sector on a global level, rapid development of applications plays a major role in assuring customer satisfaction and facilitates prompt digitalization. Based on the regional analysis, the market is segmented into Asia-Pacific, Europe, North America, South America, and Middle East & Africa. In 2019, North America dominated the global low code development platform market with United States occupying the top spot due to the presence of leading companies in the country, early adoption of technology by large and small sized enterprises in web and application development. However, Asia-Pacific is expected to witness substantial growth in its market share during the forecast years followed by Europe on account of the overall economic growth of these regions.
Major players in the global low-code development market include Salesforce.com Inc, Outsystems Inc, Mendix Inc, Google LLC, Caspio, Inc., Appian Corp, Microsoft Corp, Lansa Inc, Zoho Corp, Appsheet Inc, etc. The digitalization transformation has led most of the segments of the companies, for instance, sales, human resource, operations, accounting, finance, digital marketing, etc., has fueled the market globally consequently increasing the competition amongst themselves.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global low-code development platform market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global low-code development market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Banking & Financial Services & Insurance
Healthcare and Life Sciences
Media and Entertainment
Retail and Ecommerce
Telecom and IT
Energy & Utilities
Small & Medium Enterprises (SMEs)
Middle east & Africa
Company Profiles: Detailed analysis of the major companies present in global low-code development market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: