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Low-code Development Platform Market Worth $35.2 Billion By 2030: Grand View Research, Inc.SAN FRANCISCO, July 6, 2022 /PRNewswire/ -- The global low-code development platform market size is expected to reach USD 35.2 billion by 2030, registering a CAGR of 22.9% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growth can be majorly attributed to the growing interest of organizations, especially amid the COVID-19 pandemic, toward the digital transformation of their business processes. The growing demand for solutions that can expedite the application development and automation of business processes has created wider scope for the adoption of low-code development platforms, thereby favoring the market expansion. Key Industry Insights & Findings from the report:
Read 171-page market research report, "Low-code Development Platform Market Size, Share & Trends Analysis Report By Application Type (Web-based, Mobile-based), By Deployment Type (Cloud, On-Premise), By Organization Size , By End-use, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research. Low-Code Development Platform Market Growth & Trends The market growth is being further driven by the continuous technological developments introduced by the industry players. For instance, in September 2021, Mendix Technology BV introduced artificial intelligence and other advanced features to its low-code development platform to allow companies to develop software more efficiently. The company has named the AI feature Page Bot which provides recommendations to the software teas about how to design a new application's user interface. Low-Code Development Platform Market Segmentation Grand View Research has segmented the global low-code development platform market based on application type, deployment type, organization size, end-use, and region: Low-code Development Platform Market - Application Type Outlook (Revenue, USD Million, 2018 - 2030)
Low-code Development Platform Market - Deployment Type Outlook (Revenue, USD Million, 2018 - 2030)
Low-code Development Platform Market - Organization Size Outlook (Revenue, USD Million, 2018 - 2030)
Low-code Development Platform Market - End-use Outlook (Revenue, USD Million, 2018 - 2030)
Low-code Development Platform Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)
List of Key Players of the Low-Code Development Platform Market
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Browse through Grand View Research's Next Generation Technologies Industry Research Reports. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg |