Product ID: UCMIG45B2040
Low-code Development Platform Market Size, Share, Growth Analysis, By Application Type(Web-based, Mobile-based), By Deployment Type(Cloud, On-premise), By Organization Size(SME, Large Enterprise), By End-Use(BFSI, Automotive & Manufacturing), By Region(North America, Asia Pacific) - Industry Forecast 2024-2031
Report ID:
UCMIG45B2040 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Low-code Development Platform Market Insights
Market Overview:
In 2021, the global low-code development platform market achieved a significant value of USD 5.5 billion. Projections indicate that this market is set to experience substantial growth, with an anticipated compound annual growth rate (CAGR) of approximately 22.9% from 2022 to 2030. These promising figures demonstrate the increasing adoption and demand for low-code development platforms worldwide, emphasizing their potential for transformative impact in the software development industry.
Low-code Development Platform Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the IT Consulting & Other Services by segment aggregation, the contribution of the IT Consulting & Other Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Low-code Development Platform Market Report Snapshots
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