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Global Low-Code Development Platform Market Assessment 2020-2025 - Impact of COVID-19, Trends & Developments, Use Cases, Competitive LandscapeDUBLIN, May 29, 2020 /PRNewswire/ -- The "Low-Code Development Platform Market by Component (Platform and Services), Application Type, Deployment Type (Cloud and On-Premises), Organization Size (SMEs and Large Enterprises), Industry, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global low-code development platform market is projected to grow from USD 13.2 billion in 2020 to USD 45.5 billion by 2025, at a CAGR of 28.1% during the forecast period. This market study covers the low-code development platform market size across segments. It aims at estimating the market size and the growth potential of this market across different segments by component, application type, deployment type, organization size, industry, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Major vendors offering low-code development platform software include Salesforce (US), Microsoft (US), Appian (US), Oracle (US), Pegasystems (US), Magic Software Enterprises (US), AgilePoint (US), OutSystems (US), Zoho (India), Quick Base (US), LANSA (US), Fujitsu RunMyProcess (France), Netcall (UK), WaveMaker (US), and K2 (US). Increasing need of digitalization and maturity of agile DevOps practices to drive the overall growth of the low-code development platform market. The increasing need of digitalization and maturity of agile DevOps practices are expected to enhance the use of low-code development platform market across the globe. Dependency on vendor-supplied customization restraining the growth of the low-code development platform market. By component, the platform segment to hold a larger market size in 2020 The low-code development platform simplifies the designing, modelling, and implementing of business application and refining and optimizing processes, which involves human interaction or multiple business disciplines. Therefore, the platform segment registers the highest growth rate during the forecast period. By application type, the web-based segment to register the highest growth rate during the forecast period Web application is considered as the face of an organization and by using the low-code development platform organizations can roll out user-defined web-based applications quickly. Instead of writing the programming language for the development of web-based applications, employees with less development experience can also create sophisticate applications. Therefore, the web-based segment holds the highest growth rate during the forecast period. The Asia Pacific to register the highest growth rate during the forecast period Asia Pacific (APAC) has witnessed an advanced and dynamic adoption of new technologies and is expected to record the highest CAGR in the global low-code development platform market during the forecast period. APAC constitutes major economies, such as China, Japan, and Australia and New Zealand, which are expected to register high growth rates in the low-code development platform market. Industries such as government and defense, Information Technology (IT), healthcare, manufacturing, retail and eCommerce, Banking, Financial Services and Insurance (BFSI) are expected to adopt low-code development platform solutions at the highest rate in the region. Companies operating in APAC would benefit from the flexible economic conditions, industrialization-motivated policies of the governments, as well as from the growing digitalization, which is expected to have a significant impact on the business community. Key Topics Covered 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview and Industry Trends 6 Impact of COVID-19 on Low-Code Development Platform Market 7 Low-Code Development Platform Market, by Component 13 Competitive Landscape 14 Company Profiles For more information about this report visit https://www.researchandmarkets.com/r/n799nd Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-low-code-development-platform-market-assessment-2020-2025---impact-of-covid-19-trends--developments-use-cases-competitive-landscape-301067809.html SOURCE Research and Markets |