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Published Date: 2017-11-29Number of Pages: 169

Low Code Development Platform Market (Deployment - Cloud (Private, Public, and Hybrid) and On-premise; Type - General Purpose Platform, Database App Platform, Mobile - First App Platform, Process App Platform, and Request Handling Platform) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Global Low Code Development Platform Market: Snapshot

The global low code development platform market was valued at US$ 1,647.0 Mn in 2015 and is anticipated to increase at a CAGR of 54.5% from 2017 to 2025. A low-code development platform bundles all components together into a single intelligible set of tools that enables to create applications visually. In addition, the growing requirement for software automation and innovative applications for business procedures forced software developers to build custom applications in volume. Low code development platform have the capability to build and deploy applications seamlessly with a minimum of hand-coding, minimal upfront investment in setup, training, and deployment. Furthermore, low code development platforms offer an exceptional communication mechanism to support business and IT stakeholders, thus ensuring better software quality and more effective business results. Moreover, the market for app development has outgrown the information and communication technologies market in the past few years, and its growth is estimated to accelerate in the future.

Application development and delivery (AD&D) leaders are more focused on adopting these platforms as an important tool for creating noncritical applications utilizing nontraditional developer talent. AD&D professionals are gaining confidence that low-code development platforms can support rapid delivery of even more complex, large, and trustworthy customer solutions. Therefore, increasing investment in development platforms across the globe is expected to drive the growth of the low code development platform market. Apart from this, Low-code platforms are expected to make life easier for many small and medium businesses, especially considering the cost of bringing on new and more developers. Consequently, this is impelling the demand for the low code development platform among end-users.

global low code platform market

North America Emerges as Leading Region in Global Low Code Development Platform

Regionally, North America shows the highest potential for the market’s expansion. It accounted for nearly 40% of the global low code development platform market in 2016. Besides this, Europe is exhibiting lucrative prospects. The region’s rising investment in development platforms is helping the low code development platform market growth in Europe. Furthermore, increasing demand for customer application will aid the market’s expansion. Low-code platforms help in resolving concerns related to delivery-speed and does this at an affordable cost. Low-code development platforms therefore offer improved performance compared to their traditional counterparts.

In the forthcoming years, Asia Pacific is expected to offer robust growth opportunities to the global low code development platform market. This is largely due to the rising demand from emerging nations such as India, China, and Japan.

Demand for Mobile-first App Platform and General Purpose Platform Forecast to Rise

Low code development platform is bifurcated by type and deployment type. By type, the global low code development platform market is categorized into general purpose platform, mobile - first app platform, database app platform, request handling platform, process app platform and others. Among these, mobile - first app platform and general purpose platform are the major segments which are expected to fuel the growth of low code development platform market over the forecast period. Based on deployment type, the market is segmented into on-premise and cloud-based. Furthermore, the cloud-based deployment segment is further categorized into public, private and hybrid. Among these deployment type, hybrid cloud is the key segment which is expected to enhance the growth of low code development platform market around the globe.

Major players such as Google, Microsoft and Salesforce are estimated to work towards integration and creation of apps on the cloud services that they offer. They are expected to focus on providing an end-to-end app that would exploit the plethora of services in their ecosystem easily. Some of the major players in global low code development platform market are AgilePoint, Bizagi Appian Corporation, Caspio, Inc., Mendix, OutSystems, MatsSoft Inc., Salesforce.com, Inc., Microsoft Corporation and Google Inc.

Global Low Code Development Platform Market: Overview

This report provides an analysis of the global low code development platform for the period of 2015 to 2025, wherein the period from 2017 to 2025 comprises the forecast period and 2016 is the base year. Data for 2015 is provided as historical information. The report covers all the major trends and technologies playing a major role in the growth of the low code development platform market over the forecast period. It also highlights various drivers, restraints and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on the market’s growth in terms of revenue in US$ Mn, across different geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa and South America.

Low-code platforms have the capability to resolve delivery-speed problems more cost effectively, with improved performance and at greater scale, than traditional development methods. Currently, vendors are more focused on aiding organizations of all sizes with an aim to drive business creativity by rapidly transforming ideas into advanced and secure omni channel applications. Low-code development platforms have evolved as a faster way to deploy and build innovative business applications. Cloud based mobile apps will largely be attractive for enterprises, as they would want to reduce the data security issue inherent in BYOD. The growing demand for low code development platforms in industries such as healthcare, manufacturing, IT & telecom, government, BFSI and education is expected to reinforce the growth of the low code development platform market over the forecast period.

Global Low Code Development Platform Market: Scope of the Study

The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints and opportunities that influence the current nature and future status of this market. The report also provides ecosystem analysis and key market indicators for the low code development platform market. The low code development platform market data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological and legal factors along with the current market dynamics affecting the market growth.

Global Low Code Development Platform Market: Key Segments

Low code development platform market is bifurcated by type and deployment type. By type, the global low code development platform market is categorized into general purpose platform, mobile - first app platform, database app platform, request handling platform, process app platform and others. Among these, mobile - first app platform and general purpose platform are the major segments which are expected to fuel the growth of low code development platform market over the forecast period. Based on deployment type, the market is segmented into on-premise and cloud-based. Furthermore, the cloud-based deployment segment is further categorized into public, private and hybrid. Among these deployment type, hybrid cloud is the key segment which is expected to enhance the growth of low code development platform market around the globe.

Global Low Code Development Platform Market: Competitive Outlook

The report also includes competitive profiling of the key players associated with the low code development platform around the globe. The important business strategies adopted by them, their market positioning, financials, SWOT analysis and recent developments have also been identified in the research report. The competitive landscape section of the report also gives an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the future.

Some of the major players in global low code development platform market are AgilePoint, Bizagi Appian Corporation, Caspio, Inc., Mendix, OutSystems, MatsSoft Inc., Salesforce.com, Inc., Microsoft Corporation and Google Inc. Details such as financials, business strategies, SWOT analysis, recent developments, and other such strategic information pertaining to these players has been duly provided as part of company profiling.

Market Segmentation:

Low Code Development Platform Market, by Deployment

  • Cloud
    • Private
    • Public
    • Hybrid
  • On-premise

Low Code Development Platform Market, by Type

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

In addition, the report provides analysis of the Low Code Development Platform Market with respect to the following geographic segments:

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • India
    • China
    • Japan
    • Australia
    • Rest of APAC
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Argentina
    • Rest of South America


 
 
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