Digital transformation amongst almost all industries will drive the low-code development platform market growth globally to $187 Billion by 2030 according to growth forecasts from ResearchAndMarkets.com, rising from $10.3 billion in 2019.

As companies increasingly rely on digital solutions to reduce time and resource requirements to stay competitive in the market, the ability to make processes easier and develop improved solutions for customers, has resulted in the growing demand for low-code development platforms across the globe.

Low-code app development allows developers with differing levels of experience, to create mobile and web applications using drag-and-drop components.  Low-code software makes it easier for non-technical and citizen developers as they do not have to write code and the infrastructure can be supported by professional developers.

The demand for low-code development services is also projected to increase due to the rising need for integration, implementation and low-code consulting services with further demand growing due to an increased need for upgrading, technical expertise, maintenance and monitoring of low-code platforms.

Many global industries already make use of low-code development platforms including banking, financial services, insurance, media, entertainment, retail, manufacturing, healthcare, energy, utilities and government to successfully develop web, mobile and third-party applications.

Due to the early adoption of new technologies, increased disposable income, high IT spending, and technically inclined population in the region, North America has emerged as the largest low-code development platform market in the past, however demand for low-code platforms is also predicted to increase considerably in the Asia-Pacific region in the coming years, owing to the surging internet penetration, increasing utilisation of smartphones and rapid economic growth.

Hence, the demand for low-code development platforms is growing due to digital transformation across the globe.

The complete ResearchAndMarkets.com report, “Low-Code Development Platform Market Research Report: By Offering, Deployment Type, Enterprise, Vertical – Global Industry Analysis and Growth Forecast to 2030” can be downloaded here: https://www.researchandmarkets.com/reports/5184624/low-code-development-platform-market-research