The Global Low-Code Application Development Platform Market was $15.30 Bn in 2020, and it is expected to reach $79.4 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 17.9% between 2020-2030, as per the latest market research report titled Global Low-Code Application Development Platform Market – Industry analysis, size, share, growth, trends, and forecast, 2020-2030.
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The Low-Code Application Development Platform is a type of platform that use to develop many apps in less time and needs low-cost investment. The platform ensures half the development, investment in training, and set up. Apart from that, the Low-Code Application Development Platform drives innovative apps for business development and creates a perfect bond between the customer and retailer. The increasing awareness in the business and adopting IT management, huge investment, and other factors are the driver of the growth of the Low-Code Application Development Platform market in the forecast period.
However, the current pandemic of the COVID-19 makes some changes in the growth of the Low-Code Application Development Platform market. According to the experts, the growth rate graph of the Low-Code Application Development Platform market will take its actual position after this pandemic. Apart from that, the rising app developing center across the world offers major opportunities for significant growth in the forecast period of 2020-2030.
Geographically, The Low-Code Application Development Platform Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
Some of the key players in the report include Microsoft, Appian, Oracle, Salesforce, Magic Software Enterprises, Agilepoint, Pegasystems, Outsystems, Mendix, Lansa, Fujitsu Runmyprocess, Netcall, Zoho, Quick Base, and Wavemaker, among others.
The Global Low-Code Application Development Platform Market Has Been Segmented into:
- Desktop And Server-Based
By Deployment Type
By Organization Size
- Large Enterprises
- Small And Medium-Sized Enterprises
- Banking, Financial Services, and Insurance
- Retail And Ecommerce
- Government And Defense
- Information And Technology
- Energy And Utilities
- North America
- Asia Pacific
- Latin America
- Middle East & Africa