Pune, Aug. 02, 2024 (GLOBE NEWSWIRE) — Low Code Development Platform Market Size & Growth Analysis: “As per the SNS Insider Research, The Low Code Development Platform Market size was recorded at USD 22.80 Billion in 2023 and is expected to surpass USD 271.7 Billion by 2032, growing at a CAGR of 31.7% over the forecast period of 2024-2032.” The Low Code Development Platform market is exponentially growing, basically because organizations need to change themselves faster in the rapidly changing business landscape. These have been game-changing platforms that are enabling businesses to build and deploy applications with minimal coding, speeding up development cycles, and reducing costs. By 2024, it is expected that more than 65% of application development will have low-code tools in use, growing further to about 70% by 2025. A confluence of factors increasing complexity in software development, talented developer shortages, and growing demands for digital transformation initiatives has created fertile ground for the growth of the LCDP market. For Instance, 80% of the business use Low-code because it lowers down the burden on the IT services and provide company with making different digital assets that increase their revenue by 60%. Over the past few years, the […]
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