Low Code Development Platform Market Research Report by Forecast to 2023
Summary Influential factors validating market growth include the increasing demand for digitization and the growing adoption of the cloud platform. The growing cloud-based applications and cloud-based data storage along with the rising demand for mobile communication and the Internet of Things (IoT) drive the LCDP Market On the other hand, the customization based apps for the business organizations are anticipated to limit the market growth over the review period 2017-2023. Nevertheless, the availability of a well-established infrastructure that allows the implementation of innovative technologies and higher penetration of smart devices is expected to foster the market growth over the review period..
Low Code Development Platform Market Research Report by Forecast to 2023
Major Key Players: • • • • • • •
Salesforce (U.S.) OutSystems(U.S.) Mendix(U.S.) Google Inc., (U.S.) Caspio(U.S.) Appian (U.S.) Microsoft Corporation (U.S.)
Segmentation: • •
On the basis of the size of the organization, the low code development platform market is bifurcated into small & medium enterprises (SMEs), and large enterprises. Based on the application, the global low code development platform market is divided into retail, banking, financial services, and Insurance (BFSI), healthcare, IT & telecommunication, transportation & logistics, media & entertainment, construction, and others.
Regional Analysis: The North American region is one of the major regional markets for low code development platform and is expected to lead the market with a substnaital valuation over the review period. The U.S is the leading country in this region, owing to the presence of major market players. Continual rise in the number of internet users and development of mobile and web applications for the business organization are majorly driving the growth of the low code development platform market in this region and are likely to continue the same over the review period.
