According to the MarkNtel Advisors research report, "Global Low Code Development Platform Market Analysis, 2021," the market is likely to grow at a CAGR of 28% in the forecast period of 2021-26. It owes to the rapid digital transformation in several end-user verticals and the soaring need for customization in business operations. A Low-Code Development Platform (LCDP) offers an environment to build applications through graphical user interfaces & configuration rather than traditional hand-coded computer programming systems. Furthermore, it allows developers to create apps using a user interface with model-driven logic. Hence, these platforms produce fully operational applications and are likely to increase market growth at a robust pace.

Key questions answered in the study
1. What are the current and future trends in the Global Low Code Development Platform Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Low Code Development Platform Market?
5. What is the customer orientation, purchase behavior, and expectations from the Global Low Code Development Platform Market service providers across various regions?

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Impact of Covid-19
The outbreak of COVID-19 had a positive impact on the Global Low-Code Development platform market due to the growing demand for low-code development platforms. With the imposition of lockdown by governments across regions, most markets adopted WFH (Work from Home) culture, which further grew the need for advanced technologies. Hence, the overall market growth witnessed a terrific surge amid the COVID-19 outbreak.

BFSI industry to Witness Fastest Growth
Based on the End-User industries, the BFSI industry is likely to witness the fastest market growth in the forecast period. It owes prominently to the abundant information generated across these organizations. Multiple organizations are bringing low-code development platforms & services to improve industrialization in the customer service sector, as it is the core factor for customer acquisition & maintenance in the BFSI industry. Furthermore, the industry is likely to introduce new & improved financial products & services now and then intensify its operations, making it more attractive for the low-code development platform providers. Hence, all these factors are likely to lead the market toward attaining exponential growth in the forecast period.

"Global Low Code Development Platform Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Low Code Development Platform providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

According to MarkNtel Advisors, the major leading players in the Global Low Code Development Platform Market are Appian Corporation, Oracle Corporation, Microsoft Corporation, Salesforce, MatsSoft Limited, AgilePoint Inc., Lansa Inc., Magic Software Enterprises Ltd., Kony Inc., OutSystems Inc., Pegasystems Inc., QuickBase Inc., Zoho.

Market Segmentation:
1. By Component (Platform, Services)
2. By Organization Size (Small & Medium-Sized Enterprises, Large Enterprises)
3. By Application (Web-Based, Mobile Based, Desktop and Server Based)
4. By Deployment Type (On-Premises, Cloud)
5. By End-User (BFSI, Retail, Government & Defense, Healthcare, Energy & Utilities, IT & Telecom, Others (Manufacturing, Education, etc.))
6. By Region (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa)
7. By Competitors (Appian Corporation, Oracle Corporation, Microsoft Corporation, Salesforce, MatsSoft Limited, AgilePoint Inc., Lansa Inc., Magic Software Enterprises Ltd., Kony Inc., OutSystems Inc., Pegasystems Inc., QuickBase Inc., Zoho)