According to Planet Market Reports, The Global Low-Code Development Platform Market was valued at USD 5.98 Billion in 2018 and is projected to reach USD 112.43 Billion by 2026, growing at a CAGR of 44.3% from 2019 to 2026.
What is Low-Code Development Platform?
Low code can be described as a process to design and develop enterprise grade applications fast and with minimal coding. This process ensures half the investment in training, development and set up. It helps skilled people to deliver value and information quickly and reliably. In addition, this platform helps to drive innovations involving business and technical teams to work together towards digital transformation. Low-Code Development platform generally consists of similar set of building blocks , with the help of which enterprise developers create applications faster and with less code.
Global Low-Code Development Platform Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Planet Market Reports narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Low-Code Development Platform Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
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Global Low-Code Development Platform Market Competitive Landscape
The “Global Low-Code Development Platform Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Appian US , Salesforce US , ServiceNow US , AgilePoint US , Bizagi UK , Caspio US , K2 US , MatsSoft Limited UK , Mendix US , and OutSystems US . Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
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