LOW CODE DEVELOPMENT PLATFORM MARKET ANALYSIS

Low Code Development Platform Market, By Deployment Mode (Cloud and On-premise), By Enterprise Size (Large Enterprises and Small and Medium-sized Enterprises), By Application Type (Web-based Application, Mobile-based Application, and Desktop and Server-based Application), By Industry Vertical (BFSI, IT and Telecom, Manufacturing, Healthcare, Retail and E-commerce, Government, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024
Code : CMI5222
Pages :172
Formats :
Excel and PDF
Industry : Smart Technologies

Market Challenges: Hesitation towards New Technologies

Established vendors in traditional development areas could view these platforms as threats and compete aggressively. Additionally, many organizations may prefer to rely on in-house custom developed solutions over newer low code options due to concerns about long term costs, lock-in, and support. Adoption may also be slowed by developers wanting to stick with familiar tools instead of learning new approaches.

Market Opportunities: Rapid Application Development

There is growing demand for rapid application development without extensive coding. Low code answers this need by allowing business users and citizen developers to build apps easily. As platforms advance with improved features, utilities, and interfaces, their ease of use will help drive greater adoption across more domains and use cases. Partnerships can further increase outreach and implementation.