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Top 10 Low Code Development Platform Software Companies to Record Soaring Adoption in Business Applications

January 23, 2023 | Information & Technology

The recent years have registered an escalating demand for low code development platforms by various corporations. The platforms provide enterprises the ability to create a wide range of applications at scale. The use of low code tools paves way to improvement and also provides the benefit of easy maintenance. According to a report published by Fortune Business Insights, the global market size for low code development platform was USD 10.82 billion in 2020. The market is expected to hit USD 94.75 billion by 2028, exhibiting a CAGR of 31.6% from 2021 to 2028.

The market expansion can be attributed to the growing ability of low code tools to create higher-quality applications. Additional factors favoring the industry landscape comprise the simplified and seamless techniques for the citizen development of business apps.