Frequently Asked Questions:
The global COVID-19 pandemic positively impacted the market, as several industries rushed to accelerate digital transformation to meet the dynamically changing consumer and employee needs. The pandemic forced companies to move their operations online, which increased the demand for software application development tools.
North American region accounted for the highest share in the global low-code development platform market regarding value and volume.
The increasing demand for software developers to perform IT operational processes in rapidly changing environments and the growing need for digitalization in various business processes are driving the growth of the global low-code development platform market during the predicted period.
The platform segment had a major share in 2021, with more than 58% of the market revenue. Besides, the services segment is projected to witness the fastest growth.
Web-based segment had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.