The Latin America, Middle East and Africa Low-Code Development Platform Market would witness market growth of 29% CAGR during the forecast period (2020-2026). Low-code is a new approach to building different business applications quickly. With a low-code development platform, you don't code the application line-by - line, you draw it - like a flowchart. This makes the development of strong new applications fast and intuitive. Low-code development platforms minimize the amount of conventional hand coding that accelerates the production of software applications. A common benefit is that a broader variety of individuals will contribute to the production of the application - not only those with specific programming skills. LCDPs can also reduce the initial installation, preparation, implementation and repair costs.
The key objective of a low-code platform for developers is to ensure that they reduce the time they spend working on an application relative to conventional hand coding. Using visual interfaces, drag-and-drop components, and more, these low-code systems minimize the manual work of coding to a large degree. They are ideal for developers to build applications of any complexity and are usually not limited to any particular platform, unless otherwise restricted by the provider. Different kinds of low-code platforms appeal to various needs and customers, and companies may need to consider the specialties of each category before they make a purchase. With the right platform, the organization's growth will be simpler than ever before.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Low-Code Development Platform Market in LAMEA is expected to register a CAGR of 29% 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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