Making an application from scratch is resource-intensive and expensive, especially for new businesses and small businesses. It is extremely important for emerging industries to test concepts as soon as feasible and enter the market before rivals. They don't have extra time for protracted app updates. Low-code development platforms provide a cutting-edge environment that enables firms to swiftly develop software with little to no coding, reducing the need for in-depth coding knowledge. Organisations can prototype, develop, or scale applications using the platforms' basic code, scripts, and combinations without needing to establish elaborate infrastructures.
The global Low Code Development Platform Market size was valued at USD 7.61 billion in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 26.8% from 2022 to 2030.
Leading Companies in the Low Code Development Platform Industry:
1. Salesforce.com Inc.: Solutions for business cloud computing are offered by Salesforce Inc. The business provides customer relationship management software that links businesses and customers. Created in 1999. United States headquarters. Customer success — a constant fundamental value of the entire company — has always been at the centre of the Salesforce mergers and acquisitions strategy.
2. Appian Corporation: A low-code software development platform as a service from Appian Corp enables businesses to quickly create effective and distinctive applications. Created in 1999. U.S. administration. Today, Jidoka RPA platform creator Novayre Solutions SL was acquired by Appian (NASDAQ: APPN).
3. Microsoft Corporation: Microsoft creates and sells licences for both consumer and business applications. It is renowned for its Office productivity suite and Windows operating systems. Built in 1975. United States headquarters. The third-largest gaming firm in the world, Microsoft makes the biggest acquisition in history: The acquisition was made entirely in cash for six reasons.
4. Magic Software Enterprises Ltd: Software development firm Magic Software Enterprises Ltd. Software Services and IT Professional Services are included in the company's operating segment. IT Professional Services is where it makes the most money. Created in 1983. Head office in Israel. Recent acquisitions include Roshtov Software Industries (June 2016), Pow Pow Mobile (May 2019), and Appush (Aug 2022).
5. Pegasystems Inc: Pegasystems, a company that was founded in 1983, offers a range of products for managing business processes and client engagement. The Pega Infinity platform, which combines business process management (BPM) and customer relationship management (CRM) applications, is the company's main product. Created in 1983. United States headquarters. Pegasystems purchases process mining technology and collaborates with CDP.
6. Oracle Corporation: Enterprises all across the world can purchase enterprise resource planning, or ERP, software from Oracle. As the first commercial SQL-based relational database management system, Oracle was founded in 1977. United States headquarters. Adi Insights (May 2022), Cerner (Dec 2021), and GloriaFood (Jun 2021) are the most recent acquisitions.
7. ZOHO Corporation: Creator of an online platform for managing networks, IT infrastructure, and businesses with the goal of offering software support and resolving operational issues. Founded 1996. Office location in Chennai, Tamil Nadu. ePoise Systems, a startup in hiring automation, gets acquired by Zoho.
*Definition: A low-code development platform offers a growth surrounding utilized to make application software from a graphical user interface.
