Need for Optimum TTM Strategy is Noted as Major Driver of Low-Code Development Platform Market
The key factors driving the growth of the low-code development platform market are the rapid digitization, less requirement for IT professionals associated with the technology, and regulatory uncertainty. The market revenue, which was $5.6 billion in 2018, is projected to increase to $52.3 billion by 2024, at a CAGR of 45.2% during 2019–2024 (forecast period). With the use of the low-code development platform, developers can combine several pre-programed application components to create a new app, thus staying less reliant on IT professionals. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/low-code-development-platform-market/report-sample Based on component, the market is bifurcated into services and solutions, of which solutions held the larger revenue share in 2018. This was because of the rising adoption of the technology in various sectors, in order a curb the IT spending. During the forecast period, the services bifurcation
