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Low code development platform market scrutinized in new research

IT Market Research

Low-code platforms have the capability to resolve delivery-speed problems more cost effectively, with improved performance and at greater scale, than traditional development methods. Currently, vendors are more focused on aiding organizations of all sizes with an aim to drive business creativity by rapidly transforming ideas into advanced and secure omni channel applications.

The global low code development platform market Make an Inquiry about this news was valued at US$ 1,647.0 Mn in 2015 and is anticipated to increase at a CAGR of 54.5% from 2017 to 2025. A low-code development platform bundles all components together into a single intelligible set of tools that enables to create applications visually.

In addition, the growing requirement for software automation and innovative applications for business procedures forced software developers to build custom applications in volume. Low code development platform have the capability to build and deploy applications seamlessly with a minimum of hand-coding, minimal upfront investment in setup, training, and deployment.