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Global No-code Development Platforms Market Set to Reach USD 68.03 billion by 2030, With a Sustainable CAGR of 24.1% | Growth Market Reports
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the global no-code development platforms market is segmented into desktop & server-based, web-based, and, mobile-based. The web-based application segment is anticipated to expand at a sustainable CAGR during the forecast period, owing to the growing demand for web-based applications across the globe. The segment is projected to boost further in the coming years, owing to the wide-scale availability and several customization options provided by web-based apps.
the global no-code development platforms market is divided into services and platform. The platform segment is expected to grow at a significant pace during the forecast period, owing to the growing number of enterprises demanding no-code development platform services to create software and applications. The advantages provided by no-code development platforms such as reduced cost, development, and deployment time are expected to further segment growth in the coming years.
the global no-code development platforms market is bifurcated into large enterprise, and small & medium enterprise. The small & medium enterprise segment is anticipated to grow at a considerable pace during the forecast period, due to the growing number of SMEs utilizing the no-code development platforms to build technology solutions. The low initial investment required for utilizing the services of no-code development platforms to build software is enabling the small & medium enterprise segment to grow at a faster pace.
, the global market is divided into on-premise and cloud. The cloud segment is projected to expand rapidly during the forecast period, as the demand for cloud-based no-code solutions is rising across worldwide enterprises. The advantage of cloud-based includes the flexibility of devices, locations, and storage, which are expected to further the segment growth rapidly in the coming years.
the global no-code development platforms market is divided into education, BFSI, healthcare, IT & telecom, media & entertainment, retail, government, manufacturing, and others. The BFSI segment is projected to expand at a considerable rate during the projected period, owing to the large amount of data generated by the BFSI enterprises across the globe. The BFSI companies are able to develop various solutions rapidly and deploy them for operational automation as well as efficiently servicing the customers.
the global market is categorized into five major regions, namely, North America , Europe , Asia Pacific , Latin America , and the Middle East & Africa . The market in North America is projected to expand at a significant CAGR during the projected period, owing to the presence of key market players and increasing innovative solutions launched in the region. The market in Asia Pacific is anticipated to hold a substantial share of the global no-code development platforms market, owing to the rising incorporation of no-code solutions by enterprises in the region.
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