The Europe Low-Code Development Platform Market would witness market growth of 24% CAGR during the forecast period (2020-2026). Low code development tools have many benefits and more people can contribute to the application development process. These tools also help companies boost their agility. It reduces the complexity of the application process. Low code platforms have two other important benefits, i.e. high productivity and lower costs, as they develop more applications in less time.
Whether its business customers designing an app themselves or simplifying the production process for coders by automating manual procedures, low-code technology makes it simpler than ever to create versatile applications to achieve different tasks. In the long run, low-code platform applications help companies become more agile. Visual architecture that requires drawing instead of coding will speed the evolution of the image exponentially.
With the potential to create more applications with less time, prices are dropping. But this isn't the only driver. Low-code development eliminates the need for additional developers and lowers recruiting costs. And the right low-code technology will make anyone in the enterprise-not only IT-more efficient. Low-code development allows more software to be developed with less time. What used to take months can be reduced to days or even minutes. With low-code growth, time is no longer an obstacle to real innovation.
Based on Component, the market is segmented into Platform and Services. Based on Application, the market is segmented into Web-based, Desktop & Server-based and Mobile-based. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on End User, the market is segmented into BFSI, IT & Telecom, Healthcare, Retail & eCommerce, Government & Defense, Energy & Utilities, Manufacturing and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Low-Code Development Platform Market in Europe is expected to register a CAGR of 24% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Salesforce.com, Inc., Microsoft Corporation, Oracle Corporation, Pegasystems, Inc., Fujitsu Limited (Fujitsu RunMyProcess), Siemens AG (Mendix), Appian Corporation, K2 Software, Inc., QuickBase, Inc., and Zoho Corporation Pvt. Ltd.
Market Segmentation:
By Component
By Application
By Deployment Type
By End-User
By Country
Companies Profiled
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