Enterprise, Banking, and Telecom Low Code Application Development Platform

The global low-code development technologies industry has made its position in the market. According to Gartner, Inc.’s latest estimate, the industry will be worth 13.8 billion in the current year. That is about 22.6% greater than the previous year (2021). As a social and ethical phenomenon, the growth of the enterprise, banking, and telecom low-code development platform is expected to expand even more.
During the covid-19, there was an increase in remote production, which has continued to fuel low-code adoption. Low Code Application development platforms (LCAP) are expected to take the lead in low-code development technology in the market by 2023. The technology has already increased by 30% since 2020. It generated up to $5.8 billion in the year 2022.
Types of Low-Code Development Platforms
Low-code platforms have different categories to fulfill additional requirements of developers. Majorly, the enterprise, banking, and telecom low-code application development platforms are classified into five …