Low code development platform is a type of technology that creates apps through the configuration of functions instead of coding these functions. It reduces the amount of hand coding required and initial investment setup cost, thereby enabling the accelerated delivery of business applications. Low code development platforms rely on declarative development tools, which include domain languages, visual data modeling and flow diagramming instead of programming languages. If the tools suit the target applications, application development and delivery (AD&D) enterprises can develop custom apps faster with low code platforms than they can by using programming languages. Low code development platforms are accessible via low cost or free self-service offerings instead of the big upfront financial costs associated with enterprise software. Today companies are finding it difficult to survive with the unrelenting pace of disruptive innovation and fast-changing customer behavior.
Services that deliver engaging, simple and convenient customer experiences are key to enterprise progress. A low code development platform provides just what is needed in the form of accelerated development of apps. The companies share the visually configuring new applications using low code development platforms which helps them speed up development and allows the business to provide feedback on resulting applications functionality. Low code development platforms are developed as a means to allow for the use of working applications and quick creation that can address the data needs of the organization.
Businesses have deployed computer widely across organizations as a result of the microcomputer revolution enabling widespread automation of business processes using a variety of software. The need for new applications for business processes and software automation places demands on software developers to create applications in minimum time and with minimum upfront cost, which is expected to drive the low code development platform market. However, security concerns about low code development platforms are growing, especially with those apps which use consumer data restraining the growth of the low code development platform market. Also there are a few myths related to the use of low code development platform solutions. These myths are that low code developments are not for pro developers and that they are for citizen developers only, as well as that low code development gets rid of the need for any programming. These myths are also hindering the growth of the low code development platform market. Software application developers are ramping up investments in development platforms, which support a wide range of app use cases, which is expected to create opportunities for the growth of the low code development platform market.
The global low code development platform market can be segmented on the basis of type, deployment model, enterprise size and region. On the basis of type, the low code development platform market can be segmented into general purpose platform, database app platform, mobile-fist app platform, process app platform and request handling platform segments. On the basis of deployment model, the low code development platform market can be classified into private cloud, public cloud and hybrid cloud. In terms of enterprise size the market can be segmented into small & medium enterprises and large enterprises. Geographically, the low code development platform market can be segmented into North America, Asia Pacific, Europe, Middle East & Africa (MEA) and South America.
Major players in the low code development platform market are Agile Point, Appian Corporation, Bizagi, Caspio, Inc., Matssoft, Mendix, Micropact, Outsystems, Salesforce.com, Inc., and Service Now, Inc.
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