Market Overview:
The global low code development platform market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for low code development platforms from various industries such as BFSI, healthcare, retail, transportation and logistics, media and entertainment, telecom and IT, construction, and others. Low code development platforms are used for developing mobile apps, database apps, process apps, general purpose apps etc. These platforms help developers to create applications without writing any codes. This helps in reducing the time taken for app development.
Product Definition:
A Low Code Development Platform is a software development platform that enables developers to create applications without writing code. These platforms allow business users and non-technical staff to create custom applications using pre-defined templates and drag-and-drop tools. Low Code Development Platforms are important because they enable businesses to quickly create custom applications without the need for coding expertise.
Mobile:
Mobile is the most used device in the world. It has been estimated that there are more than six billion mobile phone users globally and this number is expected to reach eight billion by 2018. The adoption of smartphones has increased exponentially over the past few years, primarily due to price reduction and technological advancements such as 3G, 4G, etc., which have made mobile internet services affordable and ubiquitous.
Database App Platform:
The database application platform is a low code development platform that helps in managing data and applications. It provides an interface between the developers and database, which reduces the time required to develop, deploy, and manage applications.
Application Insights:
The software as a service (SAAS) segment dominated the global low code development platform market in terms of revenue share in 2017. The BFSI sector is expected to be one of the prominent users of low code development platforms over the forecast period. This can be attributed to increasing demand for real-time analytics and business solutions from banks, financial institutions, and insurance companies. In addition, growing penetration of smartphones has led to increased usage of mobile banking applications worldwide which has further propelled demand for LDDPs over the past few years.
Healthcare is another prominent application sector that uses LDDP extensively due to its need for data entry & management solutions coupled with advanced technologies such as big data analytics & cloud computing that facilitate effective information management practices across organizations globally. Furthermore, rising R&D investments by major healthcare manufacturers such as GE Healthcare Ltd., Siemens Healthineers Ltd.
Regional Analysis:
The Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well due to increasing investments in developing low code development platforms and growing adoption of cloud technology. Furthermore, a large number of mobile application developers are based out of APAC countries such as China and India, which also contributes to regional growth. Additionally, companies from North America have been making significant investments in developing new applications for low code development platform that can be deployed on these mobile devices across emerging markets such as India and China.
Europe accounted for more than 20% share of global revenue in 2017 owing to increased adoption by BFSI sector companies operating across various countries including Germany, U.K.
Growth Factors:
- Increased demand for faster application development and deployment: Low code development platforms enable developers to build and deploy applications faster than traditional coding methods. This is due to the platform’s ability to automate much of the application development process, including coding, testing, and deployment. As a result, businesses are able to get their applications up and running more quickly, which can help them stay competitive in today’s fast-paced marketplace.
- Growing popularity of mobile apps: The increasing popularity of mobile apps has driven businesses to look for ways to develop these apps more quickly and efficiently. Low code development platforms allow businesses to do just that by providing a simplified way for developers to create mobile apps without having extensive coding knowledge or experience. This makes it easier for businesses of all sizes – not just large enterprises –to develop custom mobile apps that meet their specific needs.
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Code Development Platform Market Research Report
By Type
Mobile, Database App Platform, Process App Platform, General Purpose Platform, Request Handling Platform, Other
By Application
BFSI, Healthcare, Retail, Transportation and Logistics, Media and Entertainment, Telecom and IT, Construction, Others
By Companies
Google Inc., AgilePoint, Bizagi Appian Corporation, Caspio, Inc., Mendix, Salesforce.com, Inc., Microsoft Corporation, MatsSoft Inc., OutSystems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Low Code Development Platform Market Report Segments:
The global Low Code Development Platform market is segmented on the basis of:
Types
Mobile, Database App Platform, Process App Platform, General Purpose Platform, Request Handling Platform, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Healthcare, Retail, Transportation and Logistics, Media and Entertainment, Telecom and IT, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Google Inc.
- AgilePoint
- Bizagi Appian Corporation
- Caspio, Inc.
- Mendix
- Salesforce.com, Inc.
- Microsoft Corporation
- MatsSoft Inc.
- OutSystems
Highlights of The Low Code Development Platform Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mobile
- Database App Platform
- Process App Platform
- General Purpose Platform
- Request Handling Platform
- Other
- By Application:
- BFSI
- Healthcare
- Retail
- Transportation and Logistics
- Media and Entertainment
- Telecom and IT
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low Code Development Platform Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low Code Development Platform is a platform that helps developers create low code applications. It provides tools and resources to help developers build faster, easier, and more reliable software.
Some of the key players operating in the low code development platform market are Google Inc., AgilePoint, Bizagi Appian Corporation, Caspio, Inc., Mendix, Salesforce.com, Inc., Microsoft Corporation, MatsSoft Inc., OutSystems.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low Code Development Platform Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Low Code Development Platform Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Code Development Platform Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Low Code Development Platform Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Low Code Development Platform Market Size & Forecast, 2018-2028
4.5.1 Low Code Development Platform Market Size and Y-o-Y Growth
4.5.2 Low Code Development Platform Market Absolute $ Opportunity
Chapter 5 Global Low Code Development Platform Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Low Code Development Platform Market Size Forecast by Type
5.2.1 Mobile
5.2.2 Database App Platform
5.2.3 Process App Platform
5.2.4 General Purpose Platform
5.2.5 Request Handling Platform
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low Code Development Platform Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Low Code Development Platform Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Healthcare
6.2.3 Retail
6.2.4 Transportation and Logistics
6.2.5 Media and Entertainment
6.2.6 Telecom and IT
6.2.7 Construction
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Code Development Platform Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low Code Development Platform Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Low Code Development Platform Analysis and Forecast
9.1 Introduction
9.2 North America Low Code Development Platform Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Low Code Development Platform Market Size Forecast by Type
9.6.1 Mobile
9.6.2 Database App Platform
9.6.3 Process App Platform
9.6.4 General Purpose Platform
9.6.5 Request Handling Platform
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Low Code Development Platform Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Healthcare
9.10.3 Retail
9.10.4 Transportation and Logistics
9.10.5 Media and Entertainment
9.10.6 Telecom and IT
9.10.7 Construction
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Low Code Development Platform Analysis and Forecast
10.1 Introduction
10.2 Europe Low Code Development Platform Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Low Code Development Platform Market Size Forecast by Type
10.6.1 Mobile
10.6.2 Database App Platform
10.6.3 Process App Platform
10.6.4 General Purpose Platform
10.6.5 Request Handling Platform
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Low Code Development Platform Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Healthcare
10.10.3 Retail
10.10.4 Transportation and Logistics
10.10.5 Media and Entertainment
10.10.6 Telecom and IT
10.10.7 Construction
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Low Code Development Platform Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low Code Development Platform Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Low Code Development Platform Market Size Forecast by Type
11.6.1 Mobile
11.6.2 Database App Platform
11.6.3 Process App Platform
11.6.4 General Purpose Platform
11.6.5 Request Handling Platform
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Low Code Development Platform Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Healthcare
11.10.3 Retail
11.10.4 Transportation and Logistics
11.10.5 Media and Entertainment
11.10.6 Telecom and IT
11.10.7 Construction
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Low Code Development Platform Analysis and Forecast
12.1 Introduction
12.2 Latin America Low Code Development Platform Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Low Code Development Platform Market Size Forecast by Type
12.6.1 Mobile
12.6.2 Database App Platform
12.6.3 Process App Platform
12.6.4 General Purpose Platform
12.6.5 Request Handling Platform
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Low Code Development Platform Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Healthcare
12.10.3 Retail
12.10.4 Transportation and Logistics
12.10.5 Media and Entertainment
12.10.6 Telecom and IT
12.10.7 Construction
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Low Code Development Platform Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low Code Development Platform Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Low Code Development Platform Market Size Forecast by Type
13.6.1 Mobile
13.6.2 Database App Platform
13.6.3 Process App Platform
13.6.4 General Purpose Platform
13.6.5 Request Handling Platform
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Low Code Development Platform Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Healthcare
13.10.3 Retail
13.10.4 Transportation and Logistics
13.10.5 Media and Entertainment
13.10.6 Telecom and IT
13.10.7 Construction
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low Code Development Platform Market: Competitive Dashboard
14.2 Global Low Code Development Platform Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Google Inc.
14.3.2 AgilePoint
14.3.3 Bizagi Appian Corporation
14.3.4 Caspio, Inc.
14.3.5 Mendix
14.3.6 Salesforce.com, Inc.
14.3.7 Microsoft Corporation
14.3.8 MatsSoft Inc.
14.3.9 OutSystems
