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

Key Developments

In March 2023, Microsoft Corporation unveiled the next-generation AI Copilot in Microsoft Power Apps, revolutionizing low-code development by introducing AI technology to the initial stages of application development. Developers can now build their business applications through intuitive natural language conversations with Copilot in Power Apps.
On November 14, 2023, OutSystems Japan Co., Ltd. introduced their low-code solution, OutSystems Developer Cloud, for cloud-native application development in the Japanese market. OutSystems offers a high-performance, low-code application platform suitable for developers and enterprise developers alike, enabling secure deployment in large-scale applications and facilitating full-stack development from front-end to back-end.
In July 2022, Kissflow, an India-based SaaS firm, launched its unified low-code/no-code work platform, accelerating business digital transformation by integrating task management for enterprise-wide users, including end users, teams, team managers, process specialists, citizen developers, and IT developers.
In January 2022, San Francisco-based low-code platform Retool announced its plans to expand its presence in India with tailored offerings, driven by significant interest from IT service providers and startups.
In September 2021, Akkio secured a USD 3 million investment from Bain Capital Ventures to bolster its automated decision-making capabilities using artificial intelligence and machine learning. Akkio offers a low-code platform equipped with advanced technologies, providing enterprises with comprehensive business insights and enabling benefits such as improved data analytics, enhanced user experience, cost reductions, and rapid development.
In June 2021, Salesforce.com, Inc. introduced the Salesforce Platform, incorporating low-code development tools to empower employees without technical skills, facilitating a swift shift toward digitalization.
In May 2021, Appian Corporation launched a new version of its low-code automation platform, featuring the addition of data capabilities and a code-free approach to enterprise data. The updated version also introduced AI-powered Intelligent Document Processing for developers.
In April 2021, Zoho Corporation Pvt. Ltd. partnered with two India-based tech companies, GoFloaters and Unmetrics, to provide a creator platform for supporting local authorities with a vaccination booking portal.
In February 2021, CEC Bank implemented a low-code application platform by Aurachain to enhance its SME online banking services.