Global Low Code Development Market to Be Valued At US$ 14 Bn by the End of 2022: Fact.MR Study
According to
Fact.MR, the global low code development market will grow at a 29.5% CAGR from
2022 to 2032, reaching US$ 187 billion by the end of the forecast period. With
minimal code development technology taking the lead, the software and
application development sector is on the edge of disruption.
The demand for
low-code development solutions has historically increased at a CAGR of
25% from 2017 to 2021. The need to react quickly has made digital solutions
less effective, which has sped up the adoption of no code and minimal code.
Platforms for low-code development have made it possible for businesses of all
sizes to produce applications to the standard set by the industry.
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Report Attributes
Values
Anticipated
Market Value in 2022
US$ 14 Bn
...