Low Code Development Platform Market: To Witness Excellent Revenue Growth, Emerging Trends & Forecast To 2017 - 2025
The global market for low code development platform is highly fragmented and is expected to showcase thriving growth in the forecast period. Some of the prominent market players such as Microsoft, Salesforce, and Google are expected to work on the creation and development of apps based on cloud services. Also, these players are anticipated to focus on customer requirements and accordingly provide services embedded in the apps. Adding to this, the rising need for automation and creative applications have compelled the software developers to build apps in large volume. Some of the key players operating in the global low code development platform market include Bizagi Appian Corp., Caspio, MatsSoft Inc., AgilePoint, Mendix, and OutSystems. The market for low code development platform was valued at US$1647 mn in the year 2015. It is estimated to reach at a CAGR at 54.5% during the forecast period 2017-2025. The global market is segmented as per type and deploy...