Global No-code Development Platforms Market is Expected to Reach USD 102.7 Billion by 2031

According to a recent market study published by Growth Market Reports, titled, "Global No-code Development Platforms Market by Application, by Component, by Organization Type, by Deployment, by Industry and by Regions: Size, Share, Trends and Opportunity Analysis, 2022-2031", the market was valued at USD 14.9 Billion in 2022 and is expected to grow at a healthy growth rate of 24.1% by the year 2031.

The Global No-code Development Platforms Market is anticipated to grow significantly during the forecast period. Factors such Increasing Need for Digital Transformation, High Demand for Hyper-automation, Low Cost for App Development, and Availability of Cloud-based Platforms are boosting the market.

Get Sample Report @ https://growthmarketreports.com/request-sample/4801

The global No-code Development Platforms Market has been segmented based on Application, Component, Organization Type, Deployment, Industry, and region. In terms of Application, the No-code Development Platforms market is categorized as Desktop & Server-based, Web-based, Mobile-based. Based on Component, the market is categorized as Services and Platform.

By Organization Type, the market is categorized as Large Enterprise and Small & Medium Enterprise. By Deployment, market is categorized as On-premise, Cloud. By Industry, the market is categorized as Education, BFSI, Healthcare, IT & Telecom, Media & Entertainment, Retail, Government, Manufacturing, and Others. By region, the global No-code Development Platforms market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

No-code application development platform mostly uses drag-and-drop features for application development. This makes it easy for enterprises to create applications. Therefore, enterprises hire non-IT application developers who are inexpensive than to hire IT developers. This helps the enterprise to save on the cost of application development.

No-code application development platforms enable fast development of applications, and it reduces the time-to-market (TAT). This gives the enterprise an early mover advantage in terms of large market share, which in turn benefits the cost of development. Therefore, enterprises are able to offer jobs to non-IT developers with little training. This helps to lower the cost of hiring for the company. No-code application development platforms are cost-effective alternatives to traditional application development.

As per Growth Market Reports industry analyst Akash Vedpathak, the spread of the COVID-19 pandemic has had a serious impact on the society and overall economy of the world. The global spread of COVID-19 boosted the demand for no-code development platforms. The pandemic had an impact on many businesses, due to government limitations on the movement of people, which encouraged firms to continue working remotely with their clients and consumers.

The reason for the low-code market's remarkable growth is the growing emphasis in the IT sector to deliver value to the business, which has been driven by the COVID-19 pandemic and lockdowns, as well as the restrictions of traditional development, that restrict developer productivity and enhance backlogs. Low-code development platforms, with their visual approach to coding, enable current development teams to construct high-quality business-class apps. Digitalization boosted the use of no-code platforms, propelling the no-code platform market.

Key Takeaways from the Study:

• The players include Pegasystems Inc., Microsoft, Salesforce, Inc., Appian, Oracle, Mendix Technology BV, ServiceNow, OutSystems, WaveMaker, Inc., Airtable, Quickbase, LANSA INC., Fujitsu, Creatio, AgilePoint, Zoho Corporation Pvt. Ltd., AppSheet, Kintone Southeast Asia Sdn. Bhd., Netcall, Bubble Group, Inc, Clapptron Technologies Private Limited, Appy Pie, RunMyProcess.

• The No-code Development Platforms market in North America is expected to grow significantly during the forest period, owing to the presence of major market players, increased investments in R&D, and successful mergers and acquisitions in the region. Furthermore, increased demand for no-code development platforms among end-users in the region to rapidly deploy applications is anticipated to boost the market revenue in North America.

• The No-code Development Platforms market in Asia-Pacific is expected to grow significantly during the forest period, owing to the increasing adoption of mobile applications. Furthermore, the region consists of many SMEs with limited capital, which forces them to use managed services, including no-code platforms. Governments in the region have adopted a mobile-first policy in order to deliver services to their citizens, driving the market.

• The No-code Development Platforms market in Europe is expected to grow significantly during the forest period. The market growth is likely to be driven by an increased emphasis on BFSI, healthcare, retail, and education for efficient application development in the region. The UK and Germany are likely to demonstrate significant growth. Brexit and the COVID-19 outbreak in the UK are critical factors that are impacting the market.

• In terms of Application, the no-code development platforms market is segmented into desktop & server-based. web-based, and mobile-based, The web-based segment is anticipated to have a significant share in the market, the growth of the segment is attributed to the increasing demand for web-based applications and rising awareness about their high potential to provide various benefits to businesses. The ease of initial development and advancement makes them beneficial to manage and enables the potential to offer flexible work hours to the workforce. Web-based applications give customers cross-device access, customization for multiple devices, integration with other systems, decrease maintenance, and offer flexibility and scalability, which fuel the segment.

• In terms of Component, the global No-code Development Platforms market is fragmented into services and platform. The Services Segment is anticipated to have a significant share in the market, the growth of the segment is attributable to many reasons such as Support and maintenance services which are essential for ensuring the quality, security, and reliability of no-code applications, especially for large-scale and complex projects. As the demand for no-code platforms grows, so does the demand for services that can help users to maximize the benefits and minimize the risks of using no-code platforms. The increasing need for support and maintenance services among no-code platform users is driving the service segment.

Report of No-code Development Platforms Market Scope:

Target Audience

• Supply-side: Software Providers and Developers

• Demand Side: Individual and Enterprises

• Regulatory Side: Concerned government authorities, and other regulatory bodies.