The article cited AMA's Global Low Code Platform Market Study explored substantial growth with CAGR of %. According the report, Introduction of New and Improved Financial Products and Services
is one of the primary growth factors for the market. Need to Develop New Software Applications Due to Growing Automation of Business Process
is also expected to contribute significantly to the Low Code Platform market. Overall, BFSI
applications of Low Code Platform, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Mendix (Siemens) (Germany), OutSystems (United States), ServiceNow (United States), Pivotal Software, Inc. (VMware) (United States), LiveCode (United Kingdom), Pegasystems Inc. (United States), GeneXus (Uruguay), Salesforce (United States), Appian (United States), Zoho Corporation (India), WaveMaker (United States) and LANSA (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Organization Size, such as SMEs, is boosting the Low Code Platform market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Platform, such as Windows, is boosting the Low Code Platform market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Low Code Platform market identified that the demand is rising in many different parts of the world as "Increasing Competition between Companies Led Startups to Adopt Low Code Platform". Furthermore, some recent industry insights like "On 11th May 2021, Appian unveiled the latest version of the Appian Low-code Automation Platform. The new launch increases the limits of the low-code business with the overview of low-code data, a new code-free method for uniting enterprise data." is constantly making the industry dynamic. One of the challenges that industry facing is "The Platforms are More Constrained and Have Limited User Interface"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Low Code Platform market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Low Code Platform market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Low Code Platform market tight? Which application/end-user category or Product Type [General Purpose, Process, Request-Handling and Others] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Low Code Platform market and other related sub-markets covered in the study.
o Key & emerging players in the Low Code Platform market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Low Code Platform market size is calculated using market estimation process, the Low Code Platform market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Low Code Platform market size has been validated using both top-down and bottom-up approaches.