The low-code development platform market growth forecast will be driven by digital transformation across almost all industries as companies continue to integrate digital solutions to reduce costs and increase efficiency.
Low-code development platform growth forecasts from ResearchAndMarkets.com project the industry growth globally to reach $187 Billion by 2030, rising from $10.3 billion in 2019.
Many global industries already make use of low-code development platforms including healthcare, energy, financial services, banking, insurance, media, entertainment, retail, manufacturing, utilities and government to successfully develop web, mobile and third-party applications.
While North America has emerged as the largest low-code development platform market in the past, demand for low-code platforms is predicted to increase rapidly in the coming years through the Asia-Pacific region as demand for low-code development platforms continues to grow as a part of the digital transformation taking place across the globe.
The popularity of low-code software will be enhanced by the ease with which no-technical citizen developers can learn to create mobile and web applications using drag-and-drop components without writing code in an environment and infrastructure supported by professional developers.
The complete ResearchAndMarkets.com report, “Low-Code Development Platform Market Research Report: By Offering, Deployment Type, Enterprise, Vertical – Global Industry Analysis and Growth Forecast to 2030” can be downloaded here: https://www.researchandmarkets.com/reports/5184624/low-code-development-platform-market-research