The report from Prescient & Strategic Intelligence Pvt. Ltd suggests there will be a massive growth in the low code market: „The global low-code development platform market was valued at $5.6 billion in 2018, and is expected to reach $52.3 billion by 2024, progressing at a CAGR of 45.2% during the forecast period.“
The digital transformation among all areas of industries and digitization of business processes plays the key role, followed by government regulations. The low code approach enables companies to adapt rapidly to changing environment, especially with cloud based development.
The powerful combination of AI and low code Mendix solutions, which Creatity offers, is expected to bring even more opportunities and improvement for businesses.
Find the report here: https://www.psmarketresearch.com/market-analysis/low-code-development-platform-market