Low-code Development Platform Market Forecast
Regional Forecast:
The United States and Canada are key players in the low-code development platform market in North America. The increasing demand for rapid application development and the need for digital transformation are driving the growth of the market in this region. The presence of major players such as Microsoft, Salesforce, and Appian Corporation further contributes to the market's growth.
Asia Pacific:
Largest Region
North America
32% Market Share in 2023
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China, Japan, and South Korea are emerging as promising markets for low-code development platforms in the Asia Pacific region. The increasing adoption of digital technologies and the rising investment in IT infrastructure are fueling the market growth in these countries. With the presence of major players like Huawei Technologies Co. Ltd and Zoho Corporation, the market is expected to witness significant growth in the coming years.
Europe:
The United Kingdom, Germany, and France are leading markets for low-code development platforms in Europe. The region is witnessing a surge in demand for digital transformation solutions, driving the adoption of low-code development platforms. The presence of major players such as OutSystems, Mendix, and Pegasystems Inc. is further propelling the market growth in Europe. The increasing focus on enhancing business agility and reducing time-to-market is expected to drive the growth of the market in these countries.
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