Low-code Development Platform Market Worth $35.2 Billion By 2030: Grand View Research, Inc.
Salesforce, Inc. (CRM)
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Source: PR Newswire
SAN FRANCISCO, July 6, 2022 /PRNewswire/ -- The global low-code development platform market size is expected to reach USD 35.2 billion by 2030, registering a CAGR of 22.9% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growth can be majorly attributed to the growing interest of organizations, especially amid the COVID-19 pandemic, toward the digital transformation of their business processes. The growing demand for solutions that can expedite the application development and automation of business processes has created wider scope for the adoption of low-code development platforms, thereby favoring the market expansion.Key Industry Insights & Findings from the report:Web-based application segment is expected to witness a CAGR of over 22.0% from 2022 to 2030 owing to increasing demand for low-code development platforms as they help in developing applications using the similar resources as the traditional development process.The SMEs segment is expected to
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