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Low Code Development Platform Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 128
  • SKU: IRTNTR73598
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At an accelerating CAGR of 27.96%, the low code development platform market share is expected to increase by USD 35.73 billion from 2021 to 2026. This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

This low code development platform report extensively covers market segmentation by product (platform and services) and geography (North America, APAC, Europe, South America, and Middle East and Africa).

The low code development platform (LCDP) market vendors studied and compiled in this report include AgilePoint Inc., Appian Corp., Aura Difusion SL, Betty Blocks BV, CREATIO EMEA Ltd., Cybozu Inc., Fujitsu Ltd., Idera Inc., Magic Software Enterprises Ltd., Mendix Technology BV, Microsoft Corp., Netcall plc, Newgen Software Technologies Ltd., Nintex Global Ltd., Oracle Corp., OutSystems Software em Rede SA, Pegasystems Inc., Pramati Software Pvt. Ltd., Quickbase Inc., Salesforce.com Inc., ServiceNow Inc., Skuid Inc., Thinkwise Innovation B.V., TrackVia Inc., Tyler Technologies Inc., and Zoho Corp. Pvt. Ltd. among others.

What will the Low Code Development Platform Market Size be During the Forecast Period?

Low Code Development Platform Market Size

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Parent Market Analysis

Technavio categorizes the global low code development platform market as a part of the global systems software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the low code development platform market during the forecast period.

Who are the Major Low Code Development Platform Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AgilePoint Inc.
  • Appian Corp.
  • Aura Difusion SL
  • Betty Blocks BV
  • CREATIO EMEA Ltd.
  • Cybozu Inc.
  • Fujitsu Ltd.
  • Idera Inc.
  • Magic Software Enterprises Ltd.
  • Mendix Technology BV
  • Microsoft Corp.
  • Netcall plc
  • Newgen Software Technologies Ltd.
  • Nintex Global Ltd.
  • Oracle Corp.
  • OutSystems Software em Rede SA
  • Pegasystems Inc.
  • Pramati Software Pvt. Ltd.
  • Quickbase Inc.
  • Salesforce.com Inc.
  • ServiceNow Inc.
  • Skuid Inc.
  • Thinkwise Innovation B.V.
  • TrackVia Inc.
  • Tyler Technologies Inc.
  • Zoho Corp. Pvt. Ltd.

 

This statistical study of the LCDP market encompasses successful business strategies deployed by the key vendors. The low code development platform market is fragmented and the vendors are deploying growth strategies such as technological advancements to compete in the market.

Product Insights and News

  • Appian Corp. - The company offers a low code development platform for designing enterprise-ready apps, building UIs, and integrating people, technologies, data, and systems into a single workflow.
  • Appian Corp. - Under the unified segment, the company provides a low code platform that accelerates the creation of high-impact business applications and workflows.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The low code development platform market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Low Code Development Platform Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the low code development platform market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Low Code Development Platform Market?

Low Code Development Platform Market Market segmentation by region

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48% of the market's growth will originate from North America during the forecast period. The US is the key market for low code development platforms in North America. Market growth in this region will be faster than the growth of the market in South America, Europe, and the MEA.

The increasing establishment of data centers and the adoption of technologies such as IoT, artificial intelligence (AI), and the Fifth generation (5G) will facilitate the low code development platform market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the low code development platform market in North America witnessed a slow growth, owing to the outbreak of COVID-19. The pandemic created a lethal scenario across North America, which has compelled governments to impose nationwide lockdowns to contain the spread of the disease. However, with the initiation of large-scale COVID-19 vaccination drives and the lifting of lockdown restrictions from Q4 2020, several end-user industries have resumed their operations, which has led to a surge in the demand for low code development platforms in the region. Thus, the regional low code development platform market is expected to grow moderately during the forecast period.

What are the Revenue-generating Product Segments in the Low Code Development Platform Market?

Low Code Development Platform Market Segmentation

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The low code development platform market share growth by the platform segment will be significant during the forecast period. Platforms help in developing applications to implement the best practices for customer service and measure the performance of key metrics, including market attribution, ad-campaign effectiveness, return on investment (RoI), and monitor the performance of the sales force in sales and marketing organizations. Therefore, the platform segment is expected to witness growth during the forecast years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the low code development platform market size and actionable market insights on post COVID-19 impact on each segment.

Low Code Development Platform Market: Key Drivers, Trends, and Challenges

The pricing strategies of vendors is notably driving the low code development platform market growth, although factors such as low skillset in emerging economies may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the low code development platform industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Low Code Development Platform Market Driver

  • One of the key factors driving the global low code development platform industry growth is the pricing strategies of vendors.
  • The high price of the software and constrained IT budgets have led the vendors to re-evaluate software pricing and delivery models.
  • Visual LANSA has a three-tiered pricing structure which is USD 16.66 per user per month.
  • The customers focus on certain economic and market factors such as ROI, the ability to opt for free models, and constrained IT budgets while implementing such a platform.
  • The vendors have to accommodate varying customer pricing preferences and budgets.
  • Vendors are providing SaaS, commercial open-source models, and term licensing to be in sync with the changing demands.
  • The varying pricing structures of the low code development platform will increase its adoption among end-users during the forecast period.

Key Low Code Development Platform Market Trend

  • Surge in digital transformation in the IT industry is one of the key low code development platform market trends that is expected to impact the industry positively in the forecast period.
  • IT solutions, telecommunication network infrastructure, banking and finance, healthcare, utilities, retail, and healthcare, and many other industries are aggressively investing in low code development platforms.
  • The governments are also working on a collaboration with market participants to accelerate the deployment of 5G technology.
  • In May 2021, the Abu Dhabi Investment Office announced the launch of Amazon Web Services for the cloud to transform digital infrastructure to boost the digital economy.
  • The digital transformation is anticipated to be a highly valued edge computing service across end-user industries.
  • The quicker processing power and smaller form factors by moving processing power to the cloud via mobile cloud computing nodes will benefit the users during the forecast period. 

Key Low Code Development Platform Market Challenge

  • One of the key challenges to the global low code development platform industry growth is the low skillset in emerging economies.
  • One of the major limitations of a low code development platform is customization. The vendor that is designing the low code development platform must understand the needs and objectives of the organization for whom it is designing the program.
  • The low code development is much more constraint when building custom software owing to the limitation of the hardware and the capabilities of the native language for the developers.
  • The lack of skills and awareness to work with it among various lower-level employees, especially in industries such as retail and construction may hamper its adoption.
  • Failure to understand the needs can result in the wastage of resources. Such factors can reduce employee engagement and motivation and result in minimal or no skill enhancement among the developers, which, in turn, will restrain the growth of the global low code development platform market during the forecast period.

This low code development platform market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Low Code Development Platform Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 27.96%

Market growth 2022-2026

$ 35.73 billion

Market structure

Fragmented

YoY growth (%)

26.57

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 48%

Key consumer countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AgilePoint Inc., Appian Corp., Aura Difusion SL, Betty Blocks BV, CREATIO EMEA Ltd., Cybozu Inc., Fujitsu Ltd., Idera Inc., Magic Software Enterprises Ltd., Mendix Technology BV, Microsoft Corp., Netcall plc, Newgen Software Technologies Ltd., Nintex Global Ltd., Oracle Corp., OutSystems Software em Rede SA, Pegasystems Inc., Pramati Software Pvt. Ltd., Quickbase Inc., Salesforce.com Inc., ServiceNow Inc., Skuid Inc., Thinkwise Innovation B.V., TrackVia Inc., Tyler Technologies Inc., and Zoho Corp. Pvt. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Low Code Development Platform Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive low code development platform market growth during the next five years
  • Precise estimation of the low code development platform market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the low code development platform industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of low code development platform market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Platform - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Platform - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Platform - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Platform - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Platform - Year-over-year growth 2021-2026 (%)
    • 5.4 Services - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 36: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Appian Corp.
              • Exhibit 89: Appian Corp. - Overview
              • Exhibit 90: Appian Corp. - Product / Service
              • Exhibit 91: Appian Corp. - Key news
              • Exhibit 92: Appian Corp. - Key offerings
            • 10.4 Betty Blocks BV
              • Exhibit 93: Betty Blocks BV - Overview
              • Exhibit 94: Betty Blocks BV - Product / Service
              • Exhibit 95: Betty Blocks BV - Key offerings
            • 10.5 Mendix Technology BV
              • Exhibit 96: Mendix Technology BV - Overview
              • Exhibit 97: Mendix Technology BV - Product / Service
              • Exhibit 98: Mendix Technology BV - Key offerings
            • 10.6 Microsoft Corp.
              • Exhibit 99: Microsoft Corp. - Overview
              • Exhibit 100: Microsoft Corp. - Business segments
              • Exhibit 101: Microsoft Corp. - Key news
              • Exhibit 102: Microsoft Corp. - Key offerings
              • Exhibit 103: Microsoft Corp. - Segment focus
            • 10.7 Oracle Corp.
              • Exhibit 104: Oracle Corp. - Overview
              • Exhibit 105: Oracle Corp. - Business segments
              • Exhibit 106: Oracle Corp. - Key news
              • Exhibit 107: Oracle Corp. - Key offerings
              • Exhibit 108: Oracle Corp. - Segment focus
            • 10.8 OutSystems Software em Rede SA
              • Exhibit 109: OutSystems Software em Rede SA - Overview
              • Exhibit 110: OutSystems Software em Rede SA - Product / Service
              • Exhibit 111: OutSystems Software em Rede SA - Key offerings
            • 10.9 Pegasystems Inc.
              • Exhibit 112: Pegasystems Inc. - Overview
              • Exhibit 113: Pegasystems Inc. - Product / Service
              • Exhibit 114: Pegasystems Inc. - Key news
              • Exhibit 115: Pegasystems Inc. - Key offerings
            • 10.10 Salesforce.com Inc.
              • Exhibit 116: Salesforce.com Inc. - Overview
              • Exhibit 117: Salesforce.com Inc. - Product / Service
              • Exhibit 118: Salesforce.com Inc. - Key news
              • Exhibit 119: Salesforce.com Inc. - Key offerings
            • 10.11 ServiceNow Inc.
              • Exhibit 120: ServiceNow Inc. - Overview
              • Exhibit 121: ServiceNow Inc. - Business segments
              • Exhibit 122: ServiceNow Inc. - Key news
              • Exhibit 123: ServiceNow Inc. - Key offerings
              • Exhibit 124: ServiceNow Inc. - Segment focus
            • 10.12 Zoho Corp. Pvt. Ltd.
              • Exhibit 125: Zoho Corp. Pvt. Ltd. - Overview
              • Exhibit 126: Zoho Corp. Pvt. Ltd. - Product / Service
              • Exhibit 127: Zoho Corp. Pvt. Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 128: Inclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 129: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 130: Research methodology
                • Exhibit 131: Validation techniques employed for market sizing
                • Exhibit 132: Information sources
              • 11.5 List of abbreviations
                • Exhibit 133: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Low Code Development Platform Market market growth will increase by $35.73 billion during 2022-2026.
              The low code development platform market market is expected to grow at a CAGR of 27.96% during 2022-2026.
              Technavio has segmented the low code development platform market market by product (Platform and Services) and geography (North America, APAC, Europe, South America, and Middle East and Africa).
              AgilePoint Inc., Appian Corp., Aura Difusion SL, Betty Blocks BV, CREATIO EMEA Ltd., Cybozu Inc., Fujitsu Ltd., Idera Inc., Magic Software Enterprises Ltd., Mendix Technology BV, Microsoft Corp., Netcall plc, Newgen Software Technologies Ltd., Nintex Global Ltd., Oracle Corp., OutSystems Software em Rede SA, Pegasystems Inc., Pramati Software Pvt. Ltd., Quickbase Inc., Salesforce.com Inc., ServiceNow Inc., Skuid Inc., Thinkwise Innovation B.V., TrackVia Inc., Tyler Technologies Inc., Zoho Corp. Pvt. Ltd. are a few of the key vendors in the low code development platform market market.
              North America will register the highest growth rate of 48% among the other regions. Therefore, the low code development platform market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the low code development platform market market growth are:
              • Pricing strategies of vendors
              • Surge in digital transformation in the IT industry
              The low code development platform market market vendors should focus on grabbing business opportunities from the platform segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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