According to The Maximize Market Research's most recent research study, "Global Low-Code Development Platform Market - Global Analysis and Forecast to 2029", Global Low-Code Development Platform Market size was valued at USD 17.25 Bn. in 2021 and the total Low-Code Development Platform revenue is expected to grow at 27.8% from 2022 to 2029, reaching nearly USD 122.75 Bn.

Global Low-Code Development Platform Market Overview:

The goal of this study is to provide an overview of the Low-Code Development Platform industry as well as detailed market segmentation based on segments and regions. The research contains critical information on the market positions of the top Low-Code Development Platform firms, as well as significant industry trends and opportunities.

The research also focuses on the top industry players in the Global Low-Code Development Platform market, including details such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This study investigates Low-Code Development Platform Global, Regional, and Company Market Trends, Volume, and Value. This research looks at the whole Low-Code Development Platform Market Size from a global perspective, analyzing historical data and predictions.

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Market Scope:

Following completion of market engineering, which included calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to acquire information and verify and validate important numbers. To accomplish market estimation and forecasting for the overall market segments and sub-segments given in the Low-Code Development Platform market research, both top-down and bottom-up methodologies, as well as multiple data triangulation methods, were widely employed throughout the whole market engineering process. Extensive qualitative and quantitative analysis is also performed on all of the figures obtained during the whole market engineering process in order to provide essential information throughout the report.

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The report's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are calculated using weights allocated to each segment based on their utilization rate and average sale price. The percentage adoption or usage of the given market Size in the corresponding area or nation is used to calculate the country-wise splits of the overall market and its sub-segments.

Segmentation:

Due to the growing need to digitise financial services such as origination, client onboarding, self-servicing, back office operations, etc., the BFSI industry had the greatest revenue share of over 30% in 2021. Low-code development platforms are gaining popularity among them as a way to enhance user experiences, cut down on operating expenses, foster organisational agility, and accelerate time to market. The way financial service (FS) firms create value for their clients, employees, and other stakeholders has changed significantly over the course of several technological generations. The need for apps and software solutions is rising as a result of the continual need to innovate, comply with regulatory requirements, and find answers to problems more quickly than previously. Financial services companies are increasingly utilising minimal-code platforms for quick application development at a cheap cost.

Key Players:

Acquisitions, partnerships, and collaborations were among the inorganic growth strategies mentioned in the industry. Industry participants in the Low-Code Development Platform market are expected to profit from strong future growth possibilities due to rising demand. The following are a few firms involved in the global Low-Code Development Platform industry.

• Caspio
• K2
• MatsSoft
• Mendix
• OutSystems
• Appian
• Salesforce
• ServiceNow
• AgilePoint
• Bizagi
• Dwkit
• Visual LANSA
• KissFlow
• Microsoft
• Oracle
• Pegasystems
• Magic Software Enterprises
• Zoho
• Quick Base
• LANSA

Regional Analysis:

The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after examining the political, economic, social, and technological variables influencing the Low-Code Development Platform market in these regions.

COVID-19 Impact Analysis on Low-Code Development Platform Market:

As a result of the COVID-19 outbreak, customer behaviour has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19's impact on the Low-Code Development Platform market and will help you build your business in compliance with the new industry standards.

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Key Questions Answered in the Low-Code Development Platform Market Report are:

• What will be the Low-Code Development Platform market's CAGR throughout the projected period?
• Which market category emerged as the market leader in the Low-Code Development Platform industry?
• Who are the key players in the Low-Code Development Platform market?
• How big will the Low-Code Development Platform market be in 2029?
• Which firm had the biggest market share in the Low-Code Development Platform industry?

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