Low Code Development Platform Market - North America shows the Highest Potential for Growth

Highly fragmented, yet full of promises, the global low code development platform market is forecast to report exponential growth in the coming years. Google Inc. is one of the recent players to join the bandwagon. In December 2016 they announces a flurry of low-code solutions for developers. With this, they joined OutSystems besides other vendors who identified and acknowledged the daily struggles of IT teams with regards to resources challenges and huge backlogs.

“With IT organizations exploring novel and better means of delivering apps faster, the market is expected to show impressive growth in the near future,” said a lead TMR analyst. As a result of this, the global low code development platform is booming and Transparency Market Research (TMR) predicts it to reach a whopping US$126,638.0 Mn by the end of 2025.

A low code development platform packs all components necessary in an intelligible set of tools, which gears the creation of applications visually. Innovative applications are need of the hour, besides which the demand for software automation has augmented as well. This has compelled developers to create custom applications in bulk.

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A low code development platform is a hand in glove fit for this purpose, enabling developers to create and deploy applications as seamlessly as possible. The development platform requires minimal hand-coding or upfront investment in setup. Furthermore, it offers easy training and development, which makes it an ideal tool for developers to tactically mitigate a few intrinsic challenges they used to face in the job almost on a daily basis.

In addition, low code development platforms provide a unique communication mechanism to support IT businesses and stakeholders. In doing so they ensure more effective communications and improved software quality.

Recent studies have revealed that app development has outgrown the market for information and communication technologies in the last couple of years. Experts believe this growth to accelerate further in the coming years, in turn creating lucrative prospects for the global low code development platform market’s expansion.

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