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Allied Market Research

Low-Code Development Platform Market By Component ( Solution and Services), By Deployment Model (On-Premises, and Cloud-Based), By Organization Size (Large Enterprises, and Small and Medium Sized Enterprises), and By Industry Verticals (BFSI, Telecom & IT, Government & Public Sector, Manufacturing, Healthcare & Life Sciences, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09592
Pages: NA
Aug 2021 | 439 Views
 
Author(s) : NA
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Low-Code Development Platform Market Insight

The low-code platform has become the most strategic investment for IT organizations. Platforms offer less coding techniques to save cost and time for better implementation. These platforms have evolved from simple, segmented application tools to tools for digital conversion, changing the way users interact with organizations and the way organizations communicate through information. In developing countries, IT investments have accelerated, mainly in China and India, which will boost the growth of the low-code development market in the coming years. The disruption caused by the digital transformation among various sectors will give surge to the market conditions in the forecasted period.

Low-Code Development Platform Market Scope and Structure Analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($)

  Segments covered

Component, Deployment Model, Organization Size, Industry Verticals, and Regions

  Geographies covered

North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analysed in the market include AgilePoint, Appian, Fujitsu RunMyProcess, LANSA, Magic Software Enterprises, Microsoft, Netcall, Oracle, Pegasystems, and Quick Base.

 

Impact of COVID-19 on Low-Code Development Platform Market: 

  • Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global low-code development platform market in 2020.
  • Using low-code development platform can help companies to reduce complexity of program and to improve the automation in the customer service business functions. 
  • Overall, the pandemic is expected to have a positive impact on the low-code development platform market 

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Increase in adoption of low-code development platform in small and medium, owing to develop more number of apps in fewer time. In addition, the growing demand for software mechanisation and innovative submissions and the ease of deployment have also led to the growth of the low-cost development market. However, lack of skill professional restricts to growth of the market. Furthermore, bank and financial institution are frequently introduces new and improved financial products and services to enhance its business operations, which is expected to provide lucrative opportunity to boost market.

New launches to flourish the market

With new innovation OutSystems supports all low-code platforms aim professional developers, some target citizen developers and some target web developers. With this platform, traditional developers can easily write down the order dimensions to applications so they have more time to innovate and attack backlogs They can also reduce technical downtime and avoid accumulating more technical debt in the future. Outsystems is one of the few low-code platform developers to take seriously because it is enterprise-grade and includes the kind of capabilities that traditional developers expect beyond just the command-line option.

Integration AI technology in low-code development platform

Low-code platforms are introducing artificial intelligence (AI) technology to assist both citizen developers and traditional. Enables traditional developers to get quick feedback and insights into potential application cases so they can avoid performance-related issues, data-related issues, and more.  AI serves as a guide for code developers, It monitors what the user is trying to do and shows the way.  Code developers eventually become more adept due to integration of AI.

Key segments covered:

Segments

Subsegments

  Component

  • Solutions
  • Services

  Deployment Model

  • On-Premises
  • Cloud-Based

  Organization Size

  • Small & Medium-Sized Enterprises
  • Large Enterprises

  Industry Verticals

  • BFSI
  • Telecom & IT
  • Government & Public Sector
  • Manufacturing
  • Healthcare & Life Sciences
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global low-code development platform industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the low-code development platform market share.
  • The current market is quantitatively analyzed from 2021 to 2027 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed low-code development platform market analysis based on competitive intensity and how the competition will take shape in coming years.
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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