Searching for your content…
In-Language News
Contact Us
from 8 AM – 10 PM ET
News provided by
Jan 05, 2022, 09:00 ET
Share this article
BANGALORE, India, Jan. 5, 2022 /PRNewswire/ — The Low Code Development Platform Market is Segmented by Type (Mobile, Database App Platform, Process App Platform, General Purpose Platform, Request Handling Platform, Other), Application (BFSI, Healthcare, Retail, Transportation and Logistics, Media and Entertainment, Telecom and IT, Construction, Others). The report covers global opportunity analysis and industry forecasts from 2021 to 2027.
The global Low Code Development Platform market size is projected to reach USD 39790 Million by 2027, from USD 5861.3 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 30.9% during 2021-2027.
Major Factors Driving The Growth Of Low Code Development Platform Market Size Are:
The rapid increase in the need for digitization and a strong ecosystem developed for Agile and DevOps practices, the elimination of gaps in the required IT skills, and the increasing need for rapid customization and scalability are all driving the use of the low-code development platform around the world.
Get your sample today:
Trends Influecing The Growth Of Low Code Development Platform Market :
Increasing digital businesses is expected to drive the growth of the low code development platform market. IT leaders are under pressure to dramatically accelerate application delivery speed and time to  value as a result of digital business acceleration. The rise in low-code has been impacted by the rising need for custom software solutions in support of digital transformation, which has prompted the emergence of citizen developers outside of IT.
IT operations occur in dynamic environments, necessitating rapid customization choices in the software development process, which low-code development platforms seek to address. As a result, these platforms shorten time to market and minimize backlogs, allowing organizations to generate value faster and for less money. This feature is in turn expected to drive the growth of low code development platform market size.
Furthermore, SaaS and Hyper Automation will drive the low-code industry. Low-code development technologies are now available from all of the main software-as-a-service (SaaS) suppliers. LCAPs and process automation tooling will grow in tandem with the popularity of SaaS and the adoption of these vendors’ platforms in the low-code market. Furthermore, business technologists want to come up with and implement their own ideas in order to automate their business applications and workflows.
Furthermore, the low code development platform market growth is likely to be driven by SMEs in the industry, owing to the increased affordability of cloud-based solutions. In addition, SMEs in the field are aiming to save costs, as low-code development platforms may allow even untrained professionals to produce apps at a low cost.
Browse the Table of Contents and List of figures at:
Low Code Development Platform Market Share Analysis:
Based on Application, the BFSI segment is expected to be the most lucrative. Because of the vast amount of data created by these businesses, the BFSI industry demands large-scale market services and platforms. Because customer service is the most important aspect in client acquisition and retention in the BFSI market, organisations have introduced low-code development platforms and services to boost automation in customer service business processes.
Based on region, North America is expected to be the most lucrative region. Several important market companies are present in North America, providing low-code development platforms and services to all end customers in the region. Both the United States and Canada have robust economies and are projected to be key contributors to the low-code development platform market’s growth.
Report Customization Request:
Leading Players in the Low Code Development Platform Market
Chapter Cost Request:
Buy Now for Single User + Covid-19 Impact :
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
To see the full list of related reports on the Low Code Platform
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. 
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources
Valuates Reports
[email protected]
For U.S. Toll-Free Call  +1-(315)-215-3225
For IST Call  +91-8040957137
WhatsApp : +91 9945648335
Follow on Twitter –
Follow on Linkedin –
Follow on Facebook –
SOURCE Valuates Reports
More news releases in similar topics
Cision Distribution 888-776-0942
from 8 AM – 9 PM ET


Leave a Reply