Low-Code Development Platform Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Services); Deployment (On-Premise, Cloud); Application Type (Web-based, Mobile); Organization Size (SMEs, Large Enterprise); Industry Vertical (BFSI, Government, Healthcare, Education, Retail, Media and Entertainment, IT and Telecom, Others) and Geography
Report Code: TIPRE00006596 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Upcoming
MARKET OVERVIEW
A low code development platform provides an environment which is used by programmers to create application software using GUI and configuration instead of traditional programming. The ongoing trend for digitization across the IT industry is creating lucrative business opportunities for the companies operating in the low code development platform market to gain a strong customer base and generate more revenues. The low code development platform market is highly competitive with the increasing number of new entrants penetrating the market rapidly and create challenges for the existing players.
MARKET SCOPE
The "Global Low-Code Development Platform Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the low-code development platform market with detailed market segmentation by component, deployment, application type, organization size, industry vertical, and geography. The report provides key statistics on the market status of the leading low-code development platform market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers:
Restraints:
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The low-code development platform market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the low-code development platform market in these regions.
IMPACT OF COVID-19 ON LOW-CODE DEVELOPMENT PLATFORM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the low-code development platform market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from low-code development platform market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the low-code development platform market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
A low code development platform provides an environment which is used by programmers to create application software using GUI and configuration instead of traditional programming. The ongoing trend for digitization across the IT industry is creating lucrative business opportunities for the companies operating in the low code development platform market to gain a strong customer base and generate more revenues. The low code development platform market is highly competitive with the increasing number of new entrants penetrating the market rapidly and create challenges for the existing players.
MARKET SCOPE
The "Global Low-Code Development Platform Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the low-code development platform market with detailed market segmentation by component, deployment, application type, organization size, industry vertical, and geography. The report provides key statistics on the market status of the leading low-code development platform market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global low-code development platform market is segmented into solution and services.
- On the basis of deployment, the market is segmented into on-premise and cloud.
- Based on application type , the market is segmented into web-based and mobile.
- Based on organization size, the market is segmented into SMEs and large enterprise.
- Based on industry vertical he market is segmented into BFSI, government, healthcare, education, retail, media and entertainment, IT and telecom, and others.
MARKET DYNAMICS
Drivers:
- The increasing demand for web and mobile applications by organizations for business processes, increasing number of APIs being offered by the vendors, and penetrating of smartphones across various industries are the major factors that are expected to drive the growth of the low code development platform market.
- The increasing popularity of software automation and innovative applications is creating an opportunity for companies operating in the low code development platform market to gain a strong market position and generate more revenues.
Restraints:
- High cost may hinder the growth of the low-code development platform market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The low-code development platform market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the low-code development platform market in these regions.
IMPACT OF COVID-19 ON LOW-CODE DEVELOPMENT PLATFORM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the low-code development platform market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from low-code development platform market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the low-code development platform market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AgilePoint
- Appian
- Bizagi
- Caspio, Inc.
- Microsoft
- Mendix Technology BV
- OutSystems
- Salesforce.com, inc.
- Oracle
- Zoho Corporation Pvt. Ltd.
The List of Companies
1.AgilePoint
2.Appian
3.Bizagi
4.Caspio, Inc.
5.Microsoft
6.Mendix Technology BV
7.OutSystems
8.Salesforce.com, inc.
9.Oracle
10.Zoho Corporation Pvt. Ltd.
1.AgilePoint
2.Appian
3.Bizagi
4.Caspio, Inc.
5.Microsoft
6.Mendix Technology BV
7.OutSystems
8.Salesforce.com, inc.
9.Oracle
10.Zoho Corporation Pvt. Ltd.
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