Press Release
Press Release
The market for low-code development platform is being driven by its applications in various end-use industries owing to the dynamic shift in business operations and the emergence of digitisation. Low-code developing platforms can significantly reduce the amount of traditional coding, enabling accelerated delivery of business applications. In addition, the adoption of low-code tools as a result of adopting software as a service (SaaS) is further bolstering the growth of the market. Furthermore, with the outburst of the coronavirus pandemic, the market for low-code development platform is being influenced by the need to shift the mode of operations in various business units. A surge in remote operations in industries, including healthcare, retail, banking, and education, advances in the low-code development platforms like the inclusion of Artificial Intelligence (AI) by major market players is further promoting the market growth.
One of the global leaders in the low-code development platform industry, Salesforce.com (NYSE: CRM), recently announced the introduction of next-generation Salesforce Platform, including low-code development tools, in June 2021. With a rising focus on digitisation, the low-code technology by Salesforce empowers everyone within an organisation, irrespective of technical skills, to create applications on a single platform. The latest low-code technology is equipped with AI-driven data protection, identity management and DevOps capabilities to aid in speedy business outcomes. The low-code development platform by Salesforce is anticipated to be adopted by various end-use sectors for its flexibility and accuracy. Such innovations by market players are generating growth opportunities for its end users, consequently aiding the market growth of low-code development platform.
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The major players in the global low-code development platform market are Salesforce.com Inc., Microsoft Corporation, Oracle Corporation, Appian Corporation, and Zoho Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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