No-code Development Platforms Market Size to Reach USD 68.05 Billion in 2028, according to a Latest Analysis by Emergen Research

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Increasing need for faster application deployment and rising need to improve productivity are key factors driving global no-code development platforms market revenue growth

According to the most recent analysis by Emergen Research, the global no-code development platforms market size was USD 12.17 billion in 2020 and is projected to grow to USD 68.05 billion in 2028 at a revenue CAGR of 24.2%. The growing demand for quicker application deployment and the need to boost productivity are two of the key reasons propelling the global no-code development platforms market revenue growth. Going forward, it is also anticipated that rising demand for paperless management systems across a variety of industries will fuel the global market’s revenue growth.

No-code technologies are necessary for all organisations, not just those that are expanding quickly; even established businesses that are striving to become digital require them.You can gain a deeper insight of industry trends and acceptance by using the no-code statistics we have compiled.

Many people can now design solutions with no or little technical skills thanks to no-code/low-code tools. These tools benefit firms in various ways, including cost reduction and expansion. It is understandable why there is such a huge demand for no-code/low-code technologies when you take into account all the rapidly expanding enterprises that want to scale more effectively and cut expenses. No-code/low-code solutions are necessary for all organisations, not just those that are expanding quickly; older businesses who are attempting to go digital also require them. You can gain a deeper insight of industry trends and adoption by using the no-code/low-code statistics we have compiled.

Due to the enormous amount of information created by these firms, the BFSI business requires market services and platforms on a big scale. Since customer service is the primary element influencing client acquisition and retention in the BFSI sector, organisations have embraced low-code development platforms and services to enhance automation in business processes. For the purpose of enhancing business operations, this sector often introduces new and better financial products and services, which makes it appealing for suppliers of no-code development platforms to deliver cutting-edge solutions to the sector.

Web apps are regarded as an organization’s face, and by utilising the no-code development platform, businesses may swiftly launch user-defined web-based applications. Employees with less development knowledge can also design complex apps instead of developing the programming language for the development of web-based applications. For individuals with the necessary background, this platform can make daily tasks easier and even enable them to build more unique web-based apps by integrating pre-existing digital ecosystems.

Competitive Landscape:

Zoho Corporation, Appy Pie Inc., AppSheet, Airtable Inc., Quickbase, Inc., Kintone Corporation, Bubble Group, Inc., Salesforce.com, Inc., Clapptron Technologies Private Limited, and Microsoft Corporation

Some Key Highlights from the Report

• Platform segment revenue is expected to expand at a significantly robust CAGR during the forecast period owing to rising demand for no-code platforms among businesses to effectively deploy applications.

• Web-based segment is expected to lead in terms of revenue share over the forecast period owing to rising demand for web-based apps, as web-based apps have the potential to offer several advantages to organizations.

• North America is expected to account for a largest revenue share than other regional markets over the forecast period. Increasing demand for no-code development platforms among end-users in countries in the region to quickly deploy applications is expected to fuel North America market revenue growth going ahead.

Emergen Research has segmented the global no-code development platforms on the basis of component, application, organization size, end-use, and region:

Component Outlook (Revenue, USD Billion; 2018–2028)

• Platform

• Services

Application Outlook (Revenue, USD Billion; 2018–2028)

• Desktop & Server-based

• Mobile-based

• Web-based

Organization Size Outlook (Revenue, USD Billion; 2018–2028)

• Large Enterprises

• SMEs

End-Use Outlook (Revenue, USD Billion; 2018–2028)

• Construction

• Oil & Gas

• Manufacturing

• BFSI

• Retail & E-commerce

• Real Estate

• Healthcare

• Others

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