The low-code development platform market is expected to reach US$ 62.73 Bn by 2028; it is estimated to grow at a compound annual growth rate of 27.6% between 2022 and 2028.
A low-code development platform provides an environment for 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 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 an increasing number of new entrants penetrating the market rapidly and creating challenges for the existing players.
MARKET DYNAMICS
The increasing demand for web and mobile applications by organizations for business processes, the increasing number of APIs being offered by the vendors, and the penetration of smartphones across various industries are the major factors expected to drive the growth of the low-code development platform market during the forecast period. Additionally, the increasing popularity of software automation and innovative applications is creating an opportunity for the low-code development platform market players to gain a strong market position and generate more revenue.
MARKET SCOPE
The "Global Low-Code Development Platform Market Analysis to 2028" is a specialized and in-depth study of the low-code development platform market with a special focus on 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, and industry vertical. The global low-code development platform market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading low-code development platform market player. It also offers key trends and opportunities in the low-code development platform market.
Strategic Insights
MARKET SEGMENTATION
The global low-code development platform market is segmented by component, deployment, application type, organization size, and industry vertical. Based on component, the low-code development platform market is bifurcated into solutions and services. Based on deployment, the market is bifurcated into on-premise and cloud. Based on application type, the market is bifurcated into web-based and mobile. Based on organization size, the market is segmented into SMEs and large enterprises. Based on industry vertical, the low-code development platform market is segmented into BFSI, government, healthcare, education, retail, media & entertainment, IT & telecom, and others.
The report provides a detailed industry overview, including qualitative and quantitative information. It provides an overview and forecast of the global low-code development platform market based on various segments. It also provides market size and forecast estimates from 2020 to 2028 with respect to 5 major regions: 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 analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
From the regional perspective, North America dominates the low-code development platform market with ~35% market share in 2021. The dominance of North America in the low-code development platform market is majorly due to the presence of a large number of players who have been increasingly focusing on developing innovative products. Some of the key low-code development platform market players in the region include Microsoft Corporation, Oracle Corporation, and Salesforce, Inc. These players have been witnessing constant demand from SMEs and large enterprises.
The below figure showcases the revenue growth trends in the global low-code development platform market:
Source: The Insight Partners Analysis
The report analyzes factors influencing the low-code development platform market from both the demand and supply sides. Further, it evaluates market dynamics during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis highlighting the factors impacting the low-code development platform market in these regions.
IMPACT OF COVID-19 PANDEMIC
The US, India, Brazil, France, Russia, Turkey, the UK, Argentina, and Colombia were among the worst-affected countries by the pandemic of COVID-19. The pandemic disrupted the functioning of various industry verticals, leading to serious volatility and instability in the business environment. Implementing containment measures, such as trade bans, travel restrictions, and workplace workforce limitations, also impacted various businesses' normal functioning. Such disruptions promoted strong uptake of digital transformation across the world, which, in turn, positively impacted the low-code development platform market, as such solutions allowed for accelerating automation and streamlining workflow. Thus, the pandemic positively impacted the global low-code development platform market.
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The report provides a detailed industry overview, including qualitative and quantitative information. It provides an overview and forecast of the global low-code development platform market based on various segments. It also provides market size and forecast estimates from 2020 to 2028 with respect to 5 major regions: 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 analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
From the regional perspective, North America dominates the low-code development platform market with ~35% market share in 2021. The dominance of North America in the low-code development platform market is majorly due to the presence of a large number of players who have been increasingly focusing on developing innovative products. Some of the key low-code development platform market players in the region include Microsoft Corporation, Oracle Corporation, and Salesforce, Inc. These players have been witnessing constant demand from SMEs and large enterprises.
The below figure showcases the revenue growth trends in the global low-code development platform market:
Source: The Insight Partners Analysis
The report analyzes factors influencing the low-code development platform market from both the demand and supply sides. Further, it evaluates market dynamics during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis highlighting the factors impacting the low-code development platform market in these regions.
IMPACT OF COVID-19 PANDEMIC
The US, India, Brazil, France, Russia, Turkey, the UK, Argentina, and Colombia were among the worst-affected countries by the pandemic of COVID-19. The pandemic disrupted the functioning of various industry verticals, leading to serious volatility and instability in the business environment. Implementing containment measures, such as trade bans, travel restrictions, and workplace workforce limitations, also impacted various businesses' normal functioning. Such disruptions promoted strong uptake of digital transformation across the world, which, in turn, positively impacted the low-code development platform market, as such solutions allowed for accelerating automation and streamlining workflow. Thus, the pandemic positively impacted the global low-code development platform market.
MARKET PLAYERS
The reports cover key developments in the low-code development platform market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies, such as product launches, product approvals, and others, including patents and events. Inorganic growth strategy activities witnessed in the market are mergers, acquisitions, partnerships, and collaborations. These activities have paved the way for business expansion and market players' customer base. Market players are anticipated to have lucrative growth opportunities in the near future with the rising demand for the low-code development platform market.
The report also includes the profiles of key low-code development platform market companies, their SWOT analysis, and market strategies. In addition, the report focuses on leading industry players with information, such as company profiles, components, and services offered, financial information for the last 3 years, and key development in the past 5 years.
Below mentioned is the list of a few companies engaged in the low-code development platform market:
- Appian Corporation
- Mendix Technology BV
- Microsoft Corporation
- Oracle Corporation
- OutSystems- Software em Rede, S.A.
- Pegasystems Inc.
- Salesforce, Inc.
- ServiceNow, Inc.
- Quickbase, Inc.
- Zoho Corporation Pvt. Ltd.
The Insight Partner's dedicated research and analysis team comprises experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment, Application Type, Organization Size, and Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Low-Code Development Platform Market - By Component
1.3.2 Low-Code Development Platform Market - By Deployment
1.3.3 Low-Code Development Platform Market - By Application Type
1.3.4 Low-Code Development Platform Market - By Organization Size
1.3.5 Low-Code Development Platform Market - By Industry Vertical
1.3.6 Low-Code Development Platform Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LOW-CODE DEVELOPMENT PLATFORM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. LOW-CODE DEVELOPMENT PLATFORM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LOW-CODE DEVELOPMENT PLATFORM MARKET - GLOBAL MARKET ANALYSIS
6.1. LOW-CODE DEVELOPMENT PLATFORM - GLOBAL MARKET OVERVIEW
6.2. LOW-CODE DEVELOPMENT PLATFORM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LOW-CODE DEVELOPMENT PLATFORM MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION
7.3.1. Overview
7.3.2. Solution Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. LOW-CODE DEVELOPMENT PLATFORM MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
8.1. OVERVIEW
8.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3. ON-PREMISE
8.3.1. Overview
8.3.2. On-Premise Market Forecast and Analysis
8.4. CLOUD
8.4.1. Overview
8.4.2. Cloud Market Forecast and Analysis
9. LOW-CODE DEVELOPMENT PLATFORM MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION TYPE
9.1. OVERVIEW
9.2. APPLICATION TYPE MARKET FORECASTS AND ANALYSIS
9.3. WEB-BASED
9.3.1. Overview
9.3.2. Web-based Market Forecast and Analysis
9.4. MOBILE
9.4.1. Overview
9.4.2. Mobile Market Forecast and Analysis
10. LOW-CODE DEVELOPMENT PLATFORM MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
10.1. OVERVIEW
10.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
10.3. SMES
10.3.1. Overview
10.3.2. SMEs Market Forecast and Analysis
10.4. LARGE ENTERPRISE
10.4.1. Overview
10.4.2. Large Enterprise Market Forecast and Analysis
11. LOW-CODE DEVELOPMENT PLATFORM MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
11.1. OVERVIEW
11.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
11.3. BFSI
11.3.1. Overview
11.3.2. BFSI Market Forecast and Analysis
11.4. GOVERNMENT
11.4.1. Overview
11.4.2. Government Market Forecast and Analysis
11.5. HEALTHCARE
11.5.1. Overview
11.5.2. Healthcare Market Forecast and Analysis
11.6. EDUCATION
11.6.1. Overview
11.6.2. Education Market Forecast and Analysis
11.7. RETAIL
11.7.1. Overview
11.7.2. Retail Market Forecast and Analysis
11.8. MEDIA AND ENTERTAINMENT
11.8.1. Overview
11.8.2. Media and Entertainment Market Forecast and Analysis
11.9. IT AND TELECOM
11.9.1. Overview
11.9.2. IT and Telecom Market Forecast and Analysis
11.10. OTHERS
11.10.1. Overview
11.10.2. Others Market Forecast and Analysis
12. LOW-CODE DEVELOPMENT PLATFORM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Low-Code Development Platform Market Overview
12.1.2 North America Low-Code Development Platform Market Forecasts and Analysis
12.1.3 North America Low-Code Development Platform Market Forecasts and Analysis - By Component
12.1.4 North America Low-Code Development Platform Market Forecasts and Analysis - By Deployment
12.1.5 North America Low-Code Development Platform Market Forecasts and Analysis - By Application Type
12.1.6 North America Low-Code Development Platform Market Forecasts and Analysis - By Organization Size
12.1.7 North America Low-Code Development Platform Market Forecasts and Analysis - By Industry Vertical
12.1.8 North America Low-Code Development Platform Market Forecasts and Analysis - By Countries
12.1.8.1 United States Low-Code Development Platform Market
12.1.8.1.1 United States Low-Code Development Platform Market by Component
12.1.8.1.2 United States Low-Code Development Platform Market by Deployment
12.1.8.1.3 United States Low-Code Development Platform Market by Application Type
12.1.8.1.4 United States Low-Code Development Platform Market by Organization Size
12.1.8.1.5 United States Low-Code Development Platform Market by Industry Vertical
12.1.8.2 Canada Low-Code Development Platform Market
12.1.8.2.1 Canada Low-Code Development Platform Market by Component
12.1.8.2.2 Canada Low-Code Development Platform Market by Deployment
12.1.8.2.3 Canada Low-Code Development Platform Market by Application Type
12.1.8.2.4 Canada Low-Code Development Platform Market by Organization Size
12.1.8.2.5 Canada Low-Code Development Platform Market by Industry Vertical
12.1.8.3 Mexico Low-Code Development Platform Market
12.1.8.3.1 Mexico Low-Code Development Platform Market by Component
12.1.8.3.2 Mexico Low-Code Development Platform Market by Deployment
12.1.8.3.3 Mexico Low-Code Development Platform Market by Application Type
12.1.8.3.4 Mexico Low-Code Development Platform Market by Organization Size
12.1.8.3.5 Mexico Low-Code Development Platform Market by Industry Vertical
12.2. EUROPE
12.2.1 Europe Low-Code Development Platform Market Overview
12.2.2 Europe Low-Code Development Platform Market Forecasts and Analysis
12.2.3 Europe Low-Code Development Platform Market Forecasts and Analysis - By Component
12.2.4 Europe Low-Code Development Platform Market Forecasts and Analysis - By Deployment
12.2.5 Europe Low-Code Development Platform Market Forecasts and Analysis - By Application Type
12.2.6 Europe Low-Code Development Platform Market Forecasts and Analysis - By Organization Size
12.2.7 Europe Low-Code Development Platform Market Forecasts and Analysis - By Industry Vertical
12.2.8 Europe Low-Code Development Platform Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Low-Code Development Platform Market
12.2.8.1.1 Germany Low-Code Development Platform Market by Component
12.2.8.1.2 Germany Low-Code Development Platform Market by Deployment
12.2.8.1.3 Germany Low-Code Development Platform Market by Application Type
12.2.8.1.4 Germany Low-Code Development Platform Market by Organization Size
12.2.8.1.5 Germany Low-Code Development Platform Market by Industry Vertical
12.2.8.2 France Low-Code Development Platform Market
12.2.8.2.1 France Low-Code Development Platform Market by Component
12.2.8.2.2 France Low-Code Development Platform Market by Deployment
12.2.8.2.3 France Low-Code Development Platform Market by Application Type
12.2.8.2.4 France Low-Code Development Platform Market by Organization Size
12.2.8.2.5 France Low-Code Development Platform Market by Industry Vertical
12.2.8.3 Italy Low-Code Development Platform Market
12.2.8.3.1 Italy Low-Code Development Platform Market by Component
12.2.8.3.2 Italy Low-Code Development Platform Market by Deployment
12.2.8.3.3 Italy Low-Code Development Platform Market by Application Type
12.2.8.3.4 Italy Low-Code Development Platform Market by Organization Size
12.2.8.3.5 Italy Low-Code Development Platform Market by Industry Vertical
12.2.8.4 United Kingdom Low-Code Development Platform Market
12.2.8.4.1 United Kingdom Low-Code Development Platform Market by Component
12.2.8.4.2 United Kingdom Low-Code Development Platform Market by Deployment
12.2.8.4.3 United Kingdom Low-Code Development Platform Market by Application Type
12.2.8.4.4 United Kingdom Low-Code Development Platform Market by Organization Size
12.2.8.4.5 United Kingdom Low-Code Development Platform Market by Industry Vertical
12.2.8.5 Russia Low-Code Development Platform Market
12.2.8.5.1 Russia Low-Code Development Platform Market by Component
12.2.8.5.2 Russia Low-Code Development Platform Market by Deployment
12.2.8.5.3 Russia Low-Code Development Platform Market by Application Type
12.2.8.5.4 Russia Low-Code Development Platform Market by Organization Size
12.2.8.5.5 Russia Low-Code Development Platform Market by Industry Vertical
12.2.8.6 Rest of Europe Low-Code Development Platform Market
12.2.8.6.1 Rest of Europe Low-Code Development Platform Market by Component
12.2.8.6.2 Rest of Europe Low-Code Development Platform Market by Deployment
12.2.8.6.3 Rest of Europe Low-Code Development Platform Market by Application Type
12.2.8.6.4 Rest of Europe Low-Code Development Platform Market by Organization Size
12.2.8.6.5 Rest of Europe Low-Code Development Platform Market by Industry Vertical
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Low-Code Development Platform Market Overview
12.3.2 Asia-Pacific Low-Code Development Platform Market Forecasts and Analysis
12.3.3 Asia-Pacific Low-Code Development Platform Market Forecasts and Analysis - By Component
12.3.4 Asia-Pacific Low-Code Development Platform Market Forecasts and Analysis - By Deployment
12.3.5 Asia-Pacific Low-Code Development Platform Market Forecasts and Analysis - By Application Type
12.3.6 Asia-Pacific Low-Code Development Platform Market Forecasts and Analysis - By Organization Size
12.3.7 Asia-Pacific Low-Code Development Platform Market Forecasts and Analysis - By Industry Vertical
12.3.8 Asia-Pacific Low-Code Development Platform Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Low-Code Development Platform Market
12.3.8.1.1 Australia Low-Code Development Platform Market by Component
12.3.8.1.2 Australia Low-Code Development Platform Market by Deployment
12.3.8.1.3 Australia Low-Code Development Platform Market by Application Type
12.3.8.1.4 Australia Low-Code Development Platform Market by Organization Size
12.3.8.1.5 Australia Low-Code Development Platform Market by Industry Vertical
12.3.8.2 China Low-Code Development Platform Market
12.3.8.2.1 China Low-Code Development Platform Market by Component
12.3.8.2.2 China Low-Code Development Platform Market by Deployment
12.3.8.2.3 China Low-Code Development Platform Market by Application Type
12.3.8.2.4 China Low-Code Development Platform Market by Organization Size
12.3.8.2.5 China Low-Code Development Platform Market by Industry Vertical
12.3.8.3 India Low-Code Development Platform Market
12.3.8.3.1 India Low-Code Development Platform Market by Component
12.3.8.3.2 India Low-Code Development Platform Market by Deployment
12.3.8.3.3 India Low-Code Development Platform Market by Application Type
12.3.8.3.4 India Low-Code Development Platform Market by Organization Size
12.3.8.3.5 India Low-Code Development Platform Market by Industry Vertical
12.3.8.4 Japan Low-Code Development Platform Market
12.3.8.4.1 Japan Low-Code Development Platform Market by Component
12.3.8.4.2 Japan Low-Code Development Platform Market by Deployment
12.3.8.4.3 Japan Low-Code Development Platform Market by Application Type
12.3.8.4.4 Japan Low-Code Development Platform Market by Organization Size
12.3.8.4.5 Japan Low-Code Development Platform Market by Industry Vertical
12.3.8.5 South Korea Low-Code Development Platform Market
12.3.8.5.1 South Korea Low-Code Development Platform Market by Component
12.3.8.5.2 South Korea Low-Code Development Platform Market by Deployment
12.3.8.5.3 South Korea Low-Code Development Platform Market by Application Type
12.3.8.5.4 South Korea Low-Code Development Platform Market by Organization Size
12.3.8.5.5 South Korea Low-Code Development Platform Market by Industry Vertical
12.3.8.6 Rest of Asia-Pacific Low-Code Development Platform Market
12.3.8.6.1 Rest of Asia-Pacific Low-Code Development Platform Market by Component
12.3.8.6.2 Rest of Asia-Pacific Low-Code Development Platform Market by Deployment
12.3.8.6.3 Rest of Asia-Pacific Low-Code Development Platform Market by Application Type
12.3.8.6.4 Rest of Asia-Pacific Low-Code Development Platform Market by Organization Size
12.3.8.6.5 Rest of Asia-Pacific Low-Code Development Platform Market by Industry Vertical
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Low-Code Development Platform Market Overview
12.4.2 Middle East and Africa Low-Code Development Platform Market Forecasts and Analysis
12.4.3 Middle East and Africa Low-Code Development Platform Market Forecasts and Analysis - By Component
12.4.4 Middle East and Africa Low-Code Development Platform Market Forecasts and Analysis - By Deployment
12.4.5 Middle East and Africa Low-Code Development Platform Market Forecasts and Analysis - By Application Type
12.4.6 Middle East and Africa Low-Code Development Platform Market Forecasts and Analysis - By Organization Size
12.4.7 Middle East and Africa Low-Code Development Platform Market Forecasts and Analysis - By Industry Vertical
12.4.8 Middle East and Africa Low-Code Development Platform Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Low-Code Development Platform Market
12.4.8.1.1 South Africa Low-Code Development Platform Market by Component
12.4.8.1.2 South Africa Low-Code Development Platform Market by Deployment
12.4.8.1.3 South Africa Low-Code Development Platform Market by Application Type
12.4.8.1.4 South Africa Low-Code Development Platform Market by Organization Size
12.4.8.1.5 South Africa Low-Code Development Platform Market by Industry Vertical
12.4.8.2 Saudi Arabia Low-Code Development Platform Market
12.4.8.2.1 Saudi Arabia Low-Code Development Platform Market by Component
12.4.8.2.2 Saudi Arabia Low-Code Development Platform Market by Deployment
12.4.8.2.3 Saudi Arabia Low-Code Development Platform Market by Application Type
12.4.8.2.4 Saudi Arabia Low-Code Development Platform Market by Organization Size
12.4.8.2.5 Saudi Arabia Low-Code Development Platform Market by Industry Vertical
12.4.8.3 U.A.E Low-Code Development Platform Market
12.4.8.3.1 U.A.E Low-Code Development Platform Market by Component
12.4.8.3.2 U.A.E Low-Code Development Platform Market by Deployment
12.4.8.3.3 U.A.E Low-Code Development Platform Market by Application Type
12.4.8.3.4 U.A.E Low-Code Development Platform Market by Organization Size
12.4.8.3.5 U.A.E Low-Code Development Platform Market by Industry Vertical
12.4.8.4 Rest of Middle East and Africa Low-Code Development Platform Market
12.4.8.4.1 Rest of Middle East and Africa Low-Code Development Platform Market by Component
12.4.8.4.2 Rest of Middle East and Africa Low-Code Development Platform Market by Deployment
12.4.8.4.3 Rest of Middle East and Africa Low-Code Development Platform Market by Application Type
12.4.8.4.4 Rest of Middle East and Africa Low-Code Development Platform Market by Organization Size
12.4.8.4.5 Rest of Middle East and Africa Low-Code Development Platform Market by Industry Vertical
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Low-Code Development Platform Market Overview
12.5.2 South and Central America Low-Code Development Platform Market Forecasts and Analysis
12.5.3 South and Central America Low-Code Development Platform Market Forecasts and Analysis - By Component
12.5.4 South and Central America Low-Code Development Platform Market Forecasts and Analysis - By Deployment
12.5.5 South and Central America Low-Code Development Platform Market Forecasts and Analysis - By Application Type
12.5.6 South and Central America Low-Code Development Platform Market Forecasts and Analysis - By Organization Size
12.5.7 South and Central America Low-Code Development Platform Market Forecasts and Analysis - By Industry Vertical
12.5.8 South and Central America Low-Code Development Platform Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Low-Code Development Platform Market
12.5.8.1.1 Brazil Low-Code Development Platform Market by Component
12.5.8.1.2 Brazil Low-Code Development Platform Market by Deployment
12.5.8.1.3 Brazil Low-Code Development Platform Market by Application Type
12.5.8.1.4 Brazil Low-Code Development Platform Market by Organization Size
12.5.8.1.5 Brazil Low-Code Development Platform Market by Industry Vertical
12.5.8.2 Argentina Low-Code Development Platform Market
12.5.8.2.1 Argentina Low-Code Development Platform Market by Component
12.5.8.2.2 Argentina Low-Code Development Platform Market by Deployment
12.5.8.2.3 Argentina Low-Code Development Platform Market by Application Type
12.5.8.2.4 Argentina Low-Code Development Platform Market by Organization Size
12.5.8.2.5 Argentina Low-Code Development Platform Market by Industry Vertical
12.5.8.3 Rest of South and Central America Low-Code Development Platform Market
12.5.8.3.1 Rest of South and Central America Low-Code Development Platform Market by Component
12.5.8.3.2 Rest of South and Central America Low-Code Development Platform Market by Deployment
12.5.8.3.3 Rest of South and Central America Low-Code Development Platform Market by Application Type
12.5.8.3.4 Rest of South and Central America Low-Code Development Platform Market by Organization Size
12.5.8.3.5 Rest of South and Central America Low-Code Development Platform Market by Industry Vertical
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. LOW-CODE DEVELOPMENT PLATFORM MARKET, KEY COMPANY PROFILES
14.1. AGILEPOINT
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. APPIAN
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. BIZAGI
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. CASPIO, INC.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. MICROSOFT
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. MENDIX TECHNOLOGY BV
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. OUTSYSTEMS
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. SALESFORCE.COM, INC.
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. ORACLE
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. ZOHO CORPORATION PVT. LTD.
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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