Global Low Code Development Platform Market Size, Trends & Forecast By 2023

The global low code development platform market is expected to thrive at a CAGR of 40.4% during the projected period. The market was totaled at a valuation of USD 1.5 Billion in 2016 and is expected to reach at a notable revenue by 2023. Factors such as growing adoption of technologically advanced solutions for rapidly emerging applications is expected to fuel the market growth of low code development platform. Apart from this, rising demand for customer-centric web and mobile applications is also a major factor that is expected to augment the growth of market in near future.

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Segmentation

The research offers a comprehensive analysis of low code development platform market with respect to following sub-markets:

By Component
• Solution
• Services
• Professional
• Managed

By Type
• General Purpose Platform
• Database App Platform
• Mobile - First App Platform
• Process App Platform
• Request Handling Platform

By Deployment
• Cloud Based
• On-premise

By End-Use Vertical
• Telecom & Media
• Retail
• Healthcare
• BFSI
• Government
• Others

By Geography
• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
• Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape
The report profiles various major market players such as:
• Appian
• OutSystems
• AgilePoint
• Caspio
• Mendix
• MatsSoft Inc.,
• Microsoft Corporation
• Zoho Corporation Pvt. Ltd.
• ServiceNow
• SourceCode Technology Holdings, Inc.
• Other Major & Niche Players

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