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Low Code Development Platform Market Report : By Industry Trends, Growth And Forecast 2023 To 2032

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Pooja tbrc
Low Code Development Platform Market Report : By Industry Trends, Growth And Forecast 2023 To 2032

The Business Research Company’s Low Code Development Platform Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Low Code Development Platform Global Market Report 2023 evaluates low code development platform market size, growth rate, drivers, trends, and major companies. 

 

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. 

 

Request A Free Sample Of The Report (Includes Graphs And Tables): 

https://www.thebusinessresearchcompany.com/sample.aspx?id=6607&type=smp 

 

The global low-code development platform market size grew from $25.2 billion in 2022 to $32.67 billion in 2023, at a compound annual growth rate (CAGR) of 29.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The low-code development platform market size is expected to grow to $92.09 billion in 2027 at a CAGR of 29.6%. 

 

The low code development platform market segments in the report are: 

1) By Component: Platform, Services 

 

2) By Application: Web-Based, Mobile-Based, Desktop And Server-Based 

 

3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises 

 

4) By Industry: Banking, Financial Services, And Insurance (BFSI), Retail And eCommerce, Government And Defense, Healthcare, IT, Energy And Utilities, Manufacturing 

 

 

Get More Information On The Low Code Development Platform Market Report: 

https://www.thebusinessresearchcompany.com/report/low-code-development-platform-global-market-report 

 

The table of contents in TBRC’s low code development platform market report includes: 

1. Executive Summary 

2. Low Code Development Platform Market Characteristics 

3. Low Code Development Platform Market Trends And Strategies 

4. Low Code Development Platform Market – Macro Economic Scenario 

5. Low Code Development Platform Market Size And Growth 

….......... 

26. Africa Low Code Development Platform Market 

27. Low Code Development Platform Market Competitive Landscape And Company Profiles 

28. Key Mergers And Acquisitions In The Low Code Development Platform Market 

29. Low Code Development Platform Market Future Outlook and Potential Analysis 

30. Appendix 

 

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. 

 

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Low-Code Development Platform Market Trends, Application and Regional Forecast to 2025
Ashish Verma 2021-09-15
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The low-code development platform market is projected to grow from USD 13.2 billion in 2020 to USD 45.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 28.1% during the forecast period.

The increasing need of digitalization and maturity of agile DevOps practices are expected to enhance the use of low-code development platform market across the globe.These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their presence in the low-code development platform market.

Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2017 to 2020 to innovate their offerings and broaden their customer base.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=103455110Based on organization size, the SMEs segment to lead the market in 2020Small businesses are expected to witness a higher growth in the adoption of low-code development platform and services.

The growing awareness of the benefits of process automation, the increasing focus of governments on digital transformation, and business expansions by global vendors are expected to be the driving factors for the growth of the low-code development platform market.

The adoption rate for low-code development platform and services is high in SMEs and is expected to dominate the low-code development platform market, in terms of market size, during the forecast period.Based on industry, the BFSI to grow at the fastest rate during the forecast period.The BFSI industry requires low-code development platform and services at a large-scale due to the voluminous information produced across these organizations.

Low-code development platform and services helps the BFSI industry in enriching the customer experience using new financial products and services driving the overall market during the forecast period.North America to hold the largest market share during the forecast period.North America has the presence of several prominent market players delivering advanced solutions to all the end users in the regions.

Breaking The Complexity Barrier: Low Code Development Platforms For Simplicity
sachin sadgir 2023-07-13
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The versatility of Low Code Development Platform is also noteworthy. Furthermore, Low Code Development Platform foster a collaborative environment by bridging the gap between business users and IT departments.  One of the key advantages of Low Code Development Platform is their ability to democratize software development.  Another significant benefit of Low Code Development Platform is their ability to accelerate the development lifecycle. In contrast, low code platforms leverage pre-built components and templates, enabling developers to create functional prototypes in a fraction of the time.
Global Low Code Development Platform Market Is Estimated To Witness High Growth Owing To Increasing Demand
Poonam 2023-08-23
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The global Low Code Development Platform Market is estimated to be valued at US$ 7. B) Market Key Trends: One key trend driving the growth of the low code development platform market is the increasing demand for rapid application development. Economic: The increasing adoption of low code development platforms is driven by the need for cost-effective application development solutions. The global Low Code Development Platform Market Growth is expected to witness high growth, exhibiting a CAGR of 26. In conclusion, the global low code development platform market is expected to witness significant growth due to the increasing demand for rapid application development.