Low Code Development Platform Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2027
                     Low Code Development Platform Market Growth Rate, Future 
Scope, Analysis, Business Development and CAGR To 2027
Global Low Code Development Platform Research Report: by Type (Database 
App Platform, Process App Platform, General Purpose Platform, and Request 
Handling Platform) by Deployment, by Component, by Organization and by 
Applications- Forecast till 2027
Market Synopsis
The low code development platform market is projected to grow at a whopping 32% CAGR between 2020- 
2027, states the recent Market Research Future (MRFR) analysis. Low code development platforms or 
LCDPs, simply put, are the development of application software using GUI (graphical user interface) rather 
than conventional processes of computer programming. It has wide applications in construction, media and 
entertainment, IT and telecommunication, transportation and logistics, healthcare, BFSI, and others.
 
Various factors are propelling the global low code development platform market share. According to the 
recent MRFR report, such factors include the growing demand for mobile-based apps for business processes, 
rising API offerings by solution vendors, demand for software solutions & innovative applications for high 
investments in IT firms from developed countries, perpetual evolution in digitalization of IT firms, offers low 
techniques or no coding, and maturity of agile DevOps practices. Besides, owing to the growing impact of the 
COVID-19 outbreak, many organizations are laying emphasis on cost-cutting for sustaining their business, for 
which they are adopting low-code development platform to cut-down the operation costs, which is also having 
a positive impact on the market growth. 
 
On the contrary, the demand for customization based apps for a business may limit the global low code 
development platform market growth over the forecast period. 
 
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global low code development platform 
market based on applications, organization size, deployment, component, and type. 
 
By type, the low code development platform market is segmented into the request handling 
platform, general purpose platform, process app platform, and database app platform. 
 
By component, the low code development platform market is segmented into services and 
solutions. The solution segment is again segmented into web solutions and mobile solutions. 
The service based solutions are again segmented into managed services and professional 
services. Of these, solutions will dominate the market over the forecast period. 
 
By deployment, the low code development platform market is segmented into on the cloud and 
on-premise. The on the cloud segment will lead the market over the forecast period. 
 
By organization size, the global low code development platform market is segmented into large 
enterprises and small & medium enterprises. Of these, large enterprises will stay at the 
forefront in the market over the forecast period. 
 
By application, the global low code development platform market is segmented into 
construction, media and entertainment, IT and telecommunication, transportation and logistics, 
healthcare, BFSI, and others. Of these, the BFSI segment will have a major share in the market 
over the forecast period. 
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Regional Analysis
By region, the global low code development platform market covers the growth opportunities and recent 
trends across Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle East and 
Africa (MEA). Of these, North America will stay at the forefront in the market during the forecast period. 
The rise in internet users and the development of web and mobile applications for business 
organizations are adding to the global low code development platform market growth in the region. The 
United States holds a maximum share in the market. 
 
The global low code development platform market in the APAC region is predicted to have healthy 
growth over the forecast period for surging economic growth in India and China and rapidly increasing 
start-ups as IT firms. 
 
The global low code development platform market in Europe is predicted to have sound growth over the 
forecast period, and in the LAMEA is predicted to have steady growth over the forecast period. 
 
Key Players
Key contenders profiled in the global low code development platform market report include TrackVia 
Inc. (U.S.), Kony Inc, (U.S), Service now (U.S.), AgilePoint (U.S.), Bizagi (U.K), K2(U.S.), MatsSoft 
(U.K), Microsoft Corporation (U.S.), Appian (U.S.), Caspio (U.S.), Google Inc., (U.S.), Mendix(U.S.), 
OutSystems(U.S.) and Salesforce (U.S.). 
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