DUBLIN, October 19, 2021–(BUSINESS WIRE)–The "Global Low Code Development Platform Market Research 2021-2026" report has been added to ResearchAndMarkets.com's offering.
Global Low Code Development Platform Market is likely to grow at a CAGR of around 28% in the forecast period, i.e., 2021-26, primarily due to the rapid digital advancements across several industries and the surging need for digitalization of agile DevOps practices.
Many businesses are rapidly adopting mobile-based apps to make their operations more convenient, efficient, and profitable. The rising need for customization & scalability is another critical aspect further fuelling the market growth. Besides, mobile-based apps expand business abilities and enable owners to explore different possibilities while transforming operational processes to achieve substantial profits. Hence, based on these factors, the overall market is very likely to propel exponentially in the forecast years.
Impact of COVID-19
The outbreak of the Covid-19 pandemic made a positive impact on the Global Market. There has been a gradual increase in the demand for low-code development platforms, and it shall grow in the forecast years. However, with the outbreak, there were increasing challenges where businesses across the world shut. It also brought up challenges in raising the budget post-Covid-19 among the organizations.
Market Segmentation
Cloud Deployment to Witness the Largest Market Share
Based on the Deployment Type, the market bifurcates into On-Premise and Cloud Deployment. Of two, the Cloud Deployment segment is likely to witness the largest share at a significant CAGR in the forecast years.
The cloud-based deployment is cheaper than on-premise storage, offers 24*7 services, and helps obtain data from multiple devices & locations with minimum support and maintenance. It is also beneficial for increasing scalability & management capabilities for developing business applications. Hence, the factors cited above drive the segment growth, thereby fueling the overall market growth in the coming years.
Large Enterprises (LE) to Attain the Fastest Market Growth
Based on the Organization Size, the market classifies into Small & Medium-Sized Enterprises and Large Enterprises. However, the Large Enterprises (LE) segment is more likely to attain the fastest market growth in the forecast years. It owes to the higher budget of Large Enterprises than low or medium-sized enterprises to develop more business apps in less time.
Hence, large enterprises like IT & telecom, BFSI, retail, government, manufacturing, healthcare, and others are gaining full adoption of low code application development platforms in their professions. These factors are likely to lead Large Enterprises to attain the fastest market growth in the forecast years.
Regional Landscape
North America Dominates with the Largest Market Share
North America dominated the global market in recent years and shall continue its dominance in the forecast years by attaining the largest market share. It owes to the availability of various market players dedicatedly delivering low-code development platforms & services to several end-user industries in the North American Market. The US & Canada have strong economic conditions and are likely to be the prominent patrons to the low-code development platform market growth.
Furthermore, partnerships, significant R&D activities, and acquisitions, & mergers are other factors for growth in the deployment of low-code development platforms and services. These enhanced platforms & services are propelling the growth of the market in North America.
Market Driver
The prominent market driver is the rapidly expanding digitalization at the workplace and the trend to Bring-Your-Own-Device, thereby increasing the demand for the low-code development platform market. Besides, the rapid inclination toward a digital workspace with new technologies is another critical aspect that shall create lucrative growth opportunities for the low-code development platform market.
Competitive Landscape
Leading players in the Global Low Code Development Platform Market are
Appian Corporation
Oracle Corporation
Microsoft Corporation
Salesforce
MatsSoft Limited
AgilePoint Inc.
Lansa Inc.
Magic Software Enterprises Ltd.
Kony Inc.
OutSystems Inc.
Pegasystems Inc.
QuickBase Inc.
Zoho
For more information about this report visit https://www.researchandmarkets.com/r/rvxkss
View source version on businesswire.com: https://www.businesswire.com/news/home/20211019006005/en/
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Estate planning can be complicated. You often need the services of a professional. Preparing a will is only one part of the estate planning process. When you are preparing your will, you need to decide whether or not a no-contest … Continue reading → The post What Is a No-Contest Clause in a Will? appeared first on SmartAsset Blog.
EV stocks are being dumped as a group today, even with these three names reporting good news recently.
Wood believes we're still in a strong bull market. Take advantage.
Yahoo Finance Live's Jared Blikre examines the latest market action, in addition to reporting on Biogen undergoing acquisition negotiations by Samsung
More than 90 large-cap stocks are down at least 20% from their 2021 highs, but analysts love many of them, including JD.com, PayPal and Disney.
Losing money in the S&P 500 is never fun. But it stings all the more when everyone else is making tons on their stocks.
Nvidia (NASDAQ: NVDA) stock dropped in Wednesday trading and is down 2% as of 11 a.m. ET, and bad news out of China may be the reason. This morning, Samsung announced that "due to the ongoing COVID-19 situation, we have decided to temporarily adjust operations at our manufacturing facilities in Xian, China." What does a Samsung plant in China have to do with a sliding stock price for Nvidia?
A cosmetics and skin care products company founded by married Taiwanese actors Zhang Ting and Lin Ruiyang has had assets worth 600 million yuan (US$94 million) frozen due to an investigation by China's market regulator over an alleged pyramid scheme. The market regulator in Shijiazhuang, the capital of northern China's Hebei province, said it had received several reports about a suspected pyramid scheme involving Shanghai Dowell Trading, according to a letter widely circulated on Chinese social
Buffett is taking profits off the table. It might be time to do the opposite.
What happened Shares of Novavax (NASDAQ: NVAX) were slipping 2.6% lower as of 11:35 a.m. ET on Wednesday. The company didn't report any new developments since yesterday's announcement that India had granted Emergency Use Authorization (EUA) to COVID-19 vaccine NVX-CoV2373.
Wages have gone up in a lot of sectors, but the numbers vary quite a bit, according to a Pew Research report.
These stocks are trading near their 52-week lows but have tremendous long-term growth opportunities.
The need of a robust charging infrastructure to support the growth of electric vehicles (EVs) is undisputed. What isn't as clear is which players will be instrumental in developing this infrastructure and, more importantly, whether can they do this profitably. Let's discuss which of the two top EV charging stocks, ChargePoint (NYSE: CHPT) and Blink Charging (NASDAQ: BLNK), is a better buy right now.
Get aboard the Tesla stock train, argues Dan Ives at Wedbush.
Biogen, which owns nearly half of a Samsung unit, shares surged Wednesday. A South Korean newspaper reported that Samsung wants to buy Biogen for as much as $42 billion.
The rally in Victoria's Secret may just be getting started, contends JP Morgan retail analyst Matt Boss.
For the second day in a row, shares of electric truck start-up Rivian (NASDAQ: RIVN) are rolling downhill. Down 5.4% as of 11:40 a.m. ET on Wednesday, the speed of Rivian stock's slide seems to be accelerating since yesterday. In a midday story yesterday, the electric cars news site reported on an email sent out by Rivian CEO RJ Scaringe to Rivian customers who had ordered "Adventure and Explore Package" models of R1T electric pickup trucks and R1T electric SUVs.
Required minimum distributions (RMDs) are a part of life for 401(k) and IRA account holders once they hit age 72, but there are ways to limit them.
We recommended CLF in October, so let's see if the stock is a magnet for new buyers — and whether holders should keep their steely resolve.
(Bloomberg) — Mukesh Ambani, Asia’s richest man, wants to expedite Reliance Industries Ltd.’s leadership transition and sees his $217 billion empire scaling new heights under his three children.Most Read from BloombergGhislaine Maxwell Found Guilty in Win for Epstein VictimsApple Aims to Prevent Defections to Meta With Rare $180,000 Bonuses for Top TalentMercedes Swept Up in China Internet Furor Over Model’s EyesThe Senator Who Could Rescue Biden’s AgendaCovid With Omicron Isn’t ‘Same Disease,’

source

Leave a Reply