Product Code: A09592
Low-code development platform is a visual approach to software development that enables faster delivery of applications through minimal hand-coding. The graphical user interface and the drag-and-drop features of a low-code platform automates aspects of the development process, eliminating dependencies on traditional computer programming approaches. Low-code platforms democratize app development, particularly for the 'citizen' developers, i.e. business users with little formal coding experience, such as business analysts or project managers. These low-code tools enable less technical employees to make a larger business impact in numerous ways, such as relieving IT department backlogs, reducing shadow IT, and taking more ownership over business process management (BPM) workstreams. These benefits are expected to drive the growth of the market in the upcoming years. Since low-code applications require little to no coding experience, it allows for more flexibility in a developer's coding background. By eliminating this bottleneck, low-code platforms shorten the application development lifecycle, enabling them to accomplish more assignments in less time. Such factors are expected to drive the growth of the market during the forecast period.
Factors such as growing digitalization and social media penetration around the world are positively impacting the growth of the market. In addition, increase in the adoption of low-code development platform across businesses to enhance operation & productivity is expected to boost the growth of the market in the future. Furthermore, increase in investments in various sectors such as BFSI, healthcare, and others is expected to provide lucrative growth opportunities for the market during the forecast period. Moreover, low-code development platform helps to reduce costs over the entire development lifecycle, further creating numerous opportunities for the market growth in the upcoming years. However, concerns over low-code development platform's security and compliance are growing, especially for apps that use consumer data, this factor is predicted to hamper the growth of the market.
The low-code development platform market is segmented into component, deployment mode, application type, organization size, industry vertical, and region. By component, it is bifurcated into platform and services. By deployment mode, it is divided into on-premise and cloud. Based on application type, it is divided into web-based, mobile-based, and desktop & server-based. By organizational size, the market is segregated into small & medium-sized enterprises and large enterprises. By industry vertical, the market is classified into BFSI, IT and telecom, manufacturing, healthcare, retail and e-commerce, government, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the low-code development platform market are: AgilePoint Inc., Appian Corporation, Mendix Technology BV, Microsoft Corporation, Oracle Corporation, OutSystems, Inc., Pegasystems Inc., Salesforce.com Inc., ServiceNow, Inc., and Zoho Corporation Pvt. Ltd. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the low-code development platform market globally.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global low-code development platform market forecast along with the current and future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on global low-code development platform market trends is provided in the report.
- The Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the global low-code development platform market from 2021 to 2031 is provided to determine the market potential.
Key Market Segments
By Deployment Mode
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By Application Type
- Web-based Application
- Mobile-based Application
- Desktop and Server-based Application
By Industry Vertical
- BFSI
- IT and Telecom
- Manufacturing
- Healthcare
- Retail and E-commerce
- Government
- Others
By Component
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Microsoft Corporation
- Pegasystems Inc.
- ServiceNow, Inc.
- OutSystems, Inc.
- Salesforce.com Inc.
- Mendix Technology BV
- Appian Corporation
- AgilePoint Inc.
- Oracle Corporation
- Zoho Corporation Pvt. Ltd.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in demand for business digitization
- 3.4.1.2. Less dependency on IT professionals
- 3.4.1.3. Stringent government norms moderately impact the market
- 3.4.1.4. Low-code development platform helps business to remain updated with current trends
- 3.4.2. Restraints
- 3.4.2.1. Lack of flexibility and customization
- 3.4.2.2. Lack of Talent
- 3.4.3. Opportunities
- 3.4.3.1. The implementation of future SaaS will include low-code
- 3.4.3.2. Alignment with industry standards
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: LOW-CODE DEVELOPMENT PLATFORM MARKET, BY COMPONENT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Platform
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Services
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: LOW-CODE DEVELOPMENT PLATFORM MARKET, BY DEPLOYMENT MODE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. On-premise
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Cloud
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: LOW-CODE DEVELOPMENT PLATFORM MARKET, BY ENTERPRISE SIZE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Large Enterprises
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Small and Medium-sized Enterprises
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: LOW-CODE DEVELOPMENT PLATFORM MARKET, BY APPLICATION TYPE
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Web-based Application
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Mobile-based Application
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Desktop and Server-based Application
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
CHAPTER 8: LOW-CODE DEVELOPMENT PLATFORM MARKET, BY INDUSTRY VERTICAL
- 8.1. Overview
- 8.1.1. Market size and forecast
- 8.2. BFSI
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by region
- 8.2.3. Market share analysis by country
- 8.3. IT and Telecom
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by region
- 8.3.3. Market share analysis by country
- 8.4. Manufacturing
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by region
- 8.4.3. Market share analysis by country
- 8.5. Healthcare
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by region
- 8.5.3. Market share analysis by country
- 8.6. Retail and E-commerce
- 8.6.1. Key market trends, growth factors and opportunities
- 8.6.2. Market size and forecast, by region
- 8.6.3. Market share analysis by country
- 8.7. Government
- 8.7.1. Key market trends, growth factors and opportunities
- 8.7.2. Market size and forecast, by region
- 8.7.3. Market share analysis by country
- 8.8. Others
- 8.8.1. Key market trends, growth factors and opportunities
- 8.8.2. Market size and forecast, by region
- 8.8.3. Market share analysis by country
CHAPTER 9: LOW-CODE DEVELOPMENT PLATFORM MARKET, BY REGION
- 9.1. Overview
- 9.1.1. Market size and forecast By Region
- 9.2. North America
- 9.2.1. Key trends and opportunities
- 9.2.2. Market size and forecast, by Component
- 9.2.3. Market size and forecast, by Deployment Mode
- 9.2.4. Market size and forecast, by Enterprise Size
- 9.2.5. Market size and forecast, by Application Type
- 9.2.6. Market size and forecast, by Industry Vertical
- 9.2.7. Market size and forecast, by country
- 9.2.7.1. U.S.
- 9.2.7.1.1. Key market trends, growth factors and opportunities
- 9.2.7.1.2. Market size and forecast, by Component
- 9.2.7.1.3. Market size and forecast, by Deployment Mode
- 9.2.7.1.4. Market size and forecast, by Enterprise Size
- 9.2.7.1.5. Market size and forecast, by Application Type
- 9.2.7.1.6. Market size and forecast, by Industry Vertical
- 9.2.7.2. Canada
- 9.2.7.2.1. Key market trends, growth factors and opportunities
- 9.2.7.2.2. Market size and forecast, by Component
- 9.2.7.2.3. Market size and forecast, by Deployment Mode
- 9.2.7.2.4. Market size and forecast, by Enterprise Size
- 9.2.7.2.5. Market size and forecast, by Application Type
- 9.2.7.2.6. Market size and forecast, by Industry Vertical
- 9.3. Europe
- 9.3.1. Key trends and opportunities
- 9.3.2. Market size and forecast, by Component
- 9.3.3. Market size and forecast, by Deployment Mode
- 9.3.4. Market size and forecast, by Enterprise Size
- 9.3.5. Market size and forecast, by Application Type
- 9.3.6. Market size and forecast, by Industry Vertical
- 9.3.7. Market size and forecast, by country
- 9.3.7.1. UK
- 9.3.7.1.1. Key market trends, growth factors and opportunities
- 9.3.7.1.2. Market size and forecast, by Component
- 9.3.7.1.3. Market size and forecast, by Deployment Mode
- 9.3.7.1.4. Market size and forecast, by Enterprise Size
- 9.3.7.1.5. Market size and forecast, by Application Type
- 9.3.7.1.6. Market size and forecast, by Industry Vertical
- 9.3.7.2. Germany
- 9.3.7.2.1. Key market trends, growth factors and opportunities
- 9.3.7.2.2. Market size and forecast, by Component
- 9.3.7.2.3. Market size and forecast, by Deployment Mode
- 9.3.7.2.4. Market size and forecast, by Enterprise Size
- 9.3.7.2.5. Market size and forecast, by Application Type
- 9.3.7.2.6. Market size and forecast, by Industry Vertical
- 9.3.7.3. France
- 9.3.7.3.1. Key market trends, growth factors and opportunities
- 9.3.7.3.2. Market size and forecast, by Component
- 9.3.7.3.3. Market size and forecast, by Deployment Mode
- 9.3.7.3.4. Market size and forecast, by Enterprise Size
- 9.3.7.3.5. Market size and forecast, by Application Type
- 9.3.7.3.6. Market size and forecast, by Industry Vertical
- 9.3.7.4. Italy
- 9.3.7.4.1. Key market trends, growth factors and opportunities
- 9.3.7.4.2. Market size and forecast, by Component
- 9.3.7.4.3. Market size and forecast, by Deployment Mode
- 9.3.7.4.4. Market size and forecast, by Enterprise Size
- 9.3.7.4.5. Market size and forecast, by Application Type
- 9.3.7.4.6. Market size and forecast, by Industry Vertical
- 9.3.7.5. Spain
- 9.3.7.5.1. Key market trends, growth factors and opportunities
- 9.3.7.5.2. Market size and forecast, by Component
- 9.3.7.5.3. Market size and forecast, by Deployment Mode
- 9.3.7.5.4. Market size and forecast, by Enterprise Size
- 9.3.7.5.5. Market size and forecast, by Application Type
- 9.3.7.5.6. Market size and forecast, by Industry Vertical
- 9.3.7.6. Rest of Europe
- 9.3.7.6.1. Key market trends, growth factors and opportunities
- 9.3.7.6.2. Market size and forecast, by Component
- 9.3.7.6.3. Market size and forecast, by Deployment Mode
- 9.3.7.6.4. Market size and forecast, by Enterprise Size
- 9.3.7.6.5. Market size and forecast, by Application Type
- 9.3.7.6.6. Market size and forecast, by Industry Vertical
- 9.4. Asia-Pacific
- 9.4.1. Key trends and opportunities
- 9.4.2. Market size and forecast, by Component
- 9.4.3. Market size and forecast, by Deployment Mode
- 9.4.4. Market size and forecast, by Enterprise Size
- 9.4.5. Market size and forecast, by Application Type
- 9.4.6. Market size and forecast, by Industry Vertical
- 9.4.7. Market size and forecast, by country
- 9.4.7.1. China
- 9.4.7.1.1. Key market trends, growth factors and opportunities
- 9.4.7.1.2. Market size and forecast, by Component
- 9.4.7.1.3. Market size and forecast, by Deployment Mode
- 9.4.7.1.4. Market size and forecast, by Enterprise Size
- 9.4.7.1.5. Market size and forecast, by Application Type
- 9.4.7.1.6. Market size and forecast, by Industry Vertical
- 9.4.7.2. Japan
- 9.4.7.2.1. Key market trends, growth factors and opportunities
- 9.4.7.2.2. Market size and forecast, by Component
- 9.4.7.2.3. Market size and forecast, by Deployment Mode
- 9.4.7.2.4. Market size and forecast, by Enterprise Size
- 9.4.7.2.5. Market size and forecast, by Application Type
- 9.4.7.2.6. Market size and forecast, by Industry Vertical
- 9.4.7.3. India
- 9.4.7.3.1. Key market trends, growth factors and opportunities
- 9.4.7.3.2. Market size and forecast, by Component
- 9.4.7.3.3. Market size and forecast, by Deployment Mode
- 9.4.7.3.4. Market size and forecast, by Enterprise Size
- 9.4.7.3.5. Market size and forecast, by Application Type
- 9.4.7.3.6. Market size and forecast, by Industry Vertical
- 9.4.7.4. Australia
- 9.4.7.4.1. Key market trends, growth factors and opportunities
- 9.4.7.4.2. Market size and forecast, by Component
- 9.4.7.4.3. Market size and forecast, by Deployment Mode
- 9.4.7.4.4. Market size and forecast, by Enterprise Size
- 9.4.7.4.5. Market size and forecast, by Application Type
- 9.4.7.4.6. Market size and forecast, by Industry Vertical
- 9.4.7.5. South Korea
- 9.4.7.5.1. Key market trends, growth factors and opportunities
- 9.4.7.5.2. Market size and forecast, by Component
- 9.4.7.5.3. Market size and forecast, by Deployment Mode
- 9.4.7.5.4. Market size and forecast, by Enterprise Size
- 9.4.7.5.5. Market size and forecast, by Application Type
- 9.4.7.5.6. Market size and forecast, by Industry Vertical
- 9.4.7.6. Rest of Asia-Pacific
- 9.4.7.6.1. Key market trends, growth factors and opportunities
- 9.4.7.6.2. Market size and forecast, by Component
- 9.4.7.6.3. Market size and forecast, by Deployment Mode
- 9.4.7.6.4. Market size and forecast, by Enterprise Size
- 9.4.7.6.5. Market size and forecast, by Application Type
- 9.4.7.6.6. Market size and forecast, by Industry Vertical
- 9.5. LAMEA
- 9.5.1. Key trends and opportunities
- 9.5.2. Market size and forecast, by Component
- 9.5.3. Market size and forecast, by Deployment Mode
- 9.5.4. Market size and forecast, by Enterprise Size
- 9.5.5. Market size and forecast, by Application Type
- 9.5.6. Market size and forecast, by Industry Vertical
- 9.5.7. Market size and forecast, by country
- 9.5.7.1. Latin America
- 9.5.7.1.1. Key market trends, growth factors and opportunities
- 9.5.7.1.2. Market size and forecast, by Component
- 9.5.7.1.3. Market size and forecast, by Deployment Mode
- 9.5.7.1.4. Market size and forecast, by Enterprise Size
- 9.5.7.1.5. Market size and forecast, by Application Type
- 9.5.7.1.6. Market size and forecast, by Industry Vertical
- 9.5.7.2. Middle East
- 9.5.7.2.1. Key market trends, growth factors and opportunities
- 9.5.7.2.2. Market size and forecast, by Component
- 9.5.7.2.3. Market size and forecast, by Deployment Mode
- 9.5.7.2.4. Market size and forecast, by Enterprise Size
- 9.5.7.2.5. Market size and forecast, by Application Type
- 9.5.7.2.6. Market size and forecast, by Industry Vertical
- 9.5.7.3. Africa
- 9.5.7.3.1. Key market trends, growth factors and opportunities
- 9.5.7.3.2. Market size and forecast, by Component
- 9.5.7.3.3. Market size and forecast, by Deployment Mode
- 9.5.7.3.4. Market size and forecast, by Enterprise Size
- 9.5.7.3.5. Market size and forecast, by Application Type
- 9.5.7.3.6. Market size and forecast, by Industry Vertical
CHAPTER 10: COMPETITIVE LANDSCAPE
- 10.1. Introduction
- 10.2. Top winning strategies
- 10.3. Product Mapping of Top 10 Player
- 10.4. Competitive Dashboard
- 10.5. Competitive Heatmap
- 10.6. Top player positioning, 2021
CHAPTER 11: COMPANY PROFILES
- 11.1. AgilePoint Inc.
- 11.1.1. Company overview
- 11.1.2. Key Executives
- 11.1.3. Company snapshot
- 11.1.4. Operating business segments
- 11.1.5. Product portfolio
- 11.1.6. Key strategic moves and developments
- 11.2. Appian Corporation
- 11.2.1. Company overview
- 11.2.2. Key Executives
- 11.2.3. Company snapshot
- 11.2.4. Operating business segments
- 11.2.5. Product portfolio
- 11.2.6. Business performance
- 11.2.7. Key strategic moves and developments
- 11.3. Mendix Technology BV
- 11.3.1. Company overview
- 11.3.2. Key Executives
- 11.3.3. Company snapshot
- 11.3.4. Operating business segments
- 11.3.5. Product portfolio
- 11.3.6. Key strategic moves and developments
- 11.4. Microsoft Corporation
- 11.4.1. Company overview
- 11.4.2. Key Executives
- 11.4.3. Company snapshot
- 11.4.4. Operating business segments
- 11.4.5. Product portfolio
- 11.4.6. Business performance
- 11.4.7. Key strategic moves and developments
- 11.5. Oracle Corporation
- 11.5.1. Company overview
- 11.5.2. Key Executives
- 11.5.3. Company snapshot
- 11.5.4. Operating business segments
- 11.5.5. Product portfolio
- 11.5.6. Business performance
- 11.5.7. Key strategic moves and developments
- 11.6. OutSystems, Inc.
- 11.6.1. Company overview
- 11.6.2. Key Executives
- 11.6.3. Company snapshot
- 11.6.4. Operating business segments
- 11.6.5. Product portfolio
- 11.6.6. Key strategic moves and developments
- 11.7. Pegasystems Inc.
- 11.7.1. Company overview
- 11.7.2. Key Executives
- 11.7.3. Company snapshot
- 11.7.4. Operating business segments
- 11.7.5. Product portfolio
- 11.7.6. Business performance
- 11.7.7. Key strategic moves and developments
- 11.8. Salesforce.com Inc.
- 11.8.1. Company overview
- 11.8.2. Key Executives
- 11.8.3. Company snapshot
- 11.8.4. Operating business segments
- 11.8.5. Product portfolio
- 11.8.6. Business performance
- 11.8.7. Key strategic moves and developments
- 11.9. ServiceNow, Inc.
- 11.9.1. Company overview
- 11.9.2. Key Executives
- 11.9.3. Company snapshot
- 11.9.4. Operating business segments
- 11.9.5. Product portfolio
- 11.9.6. Business performance
- 11.9.7. Key strategic moves and developments
- 11.10. Zoho Corporation Pvt. Ltd.
- 11.10.1. Company overview
- 11.10.2. Key Executives
- 11.10.3. Company snapshot
- 11.10.4. Operating business segments
- 11.10.5. Product portfolio
- 11.10.6. Key strategic moves and developments