Recently, Everest Group, an internationally renowned consulting and research agency, released the "Everest Group Low-Code Application Development Platforms Peak Matrix Assessment 2023" survey report. 24 manufacturers were evaluated through technological innovation, product influence and market layout.
Among them, Appian, Mendix, Microsoft PowerApps, Oracleapex, Outsystems, Salesforce, and ServiceNow were named industry leadersGenexus, Innoveo, Joget, Kissflow, Neptune, Netrinos, Newgen, Pega, Quixy, Uipath Apps, Ungork, W**eMaker, and Zoho Creator are the top contendersAgilePoint, AppSmith, Apto AI, and Quickbase are rated as aspirants.
Based on the quadrants presented in the report, we can see that the market for low** application development platforms is oneDynamic, competitive, and highly fragmentedof the field. Showing rich market diversity and fierce innovation competition, each platform has its own functional characteristics and professional positioning, and reflects different enterprise sizes and their respective market strategies.
Market diversity
The diversity in the market is reflected not only in the number of companies offering low-quality solutions, but also in the diversity of their products and services. Salesforce, for example, is known for its CRM system, and its low** platform integrates its powerful customer relationship management features;Microsoft PowerApps is part of the Office 365 ecosystem, making it easy to integrate tightly with the rest of Microsoft's products. On the other hand, companies such as OutSystems and Mendix offer more general-purpose low** development environments that emphasize rapid development and multi-platform deployment. This shows that not only are there multiple options on the market, but each option is likely to be optimized for different types of businesses and needs.
Innovation & Competition
Industry leaders such as Appian and ServiceNow are at the forefront of the market because they offer proven solutions and strong market presence. These companies usually have ample resources to continuously invest in new technologies and features to strengthen their market position. At the same time, major competitors, such as Uipath Apps (the RPA industry leader) and Zoho Creator, may come up with innovative features or more competitive** strategies in specific areas to attract customers and challenge the existing market order. Aspirants, such as Appsmith and Quickbase, may use their flexibility and innovative spirit to develop specific features or services to meet underserved market segments.
Functionality and specialization
Different platforms have different specializations and functional focuses, which reflects their different understandings and strategic positioning of the market. Oracle Apex is focused on providing solutions for Oracle database users, while genexus and others may be focusing on easier to use design interfaces and automated program generation techniques. When choosing a low-quality platform, businesses can make decisions based on their specific needs and the features the platform offers.
Company size and market strategy
Differences in enterprise size and market strategy lead to differences in the market positioning of low** solution providers. Large enterprises such as Microsoft and Salesforce often offer a range of integrated business applications and services to meet a wide range of needs across industries. Businesses like Innoveo and Neptune may offer specialized solutions for specific industries or more niche markets. Comparatively, these smaller businesses may be more focused on the needs of a particular market and the ability to adapt quickly to market changes with limited resources.
Therefore, based on the current market environment, enterprise users can select the development platform that best matches their business needs according to their unique needs.
The report also mentions,As 2024 approaches, the low** app development platform market will experience strong growth and significant innovations. Organizations across industries are increasingly adopting low-level solutions to streamline their application development processes and enhance operational agility. The surge in demand has exacerbated fierce competition among platform providers, leading to the emergence of a variety of specialized low-quality tools to meet different needs. Low** technology is firmly embedded in modern application development strategies, enabling organizations to quickly adapt to changing digital environments and customer needs.
Looking to the future,The impact of low** technology will extend beyond in-house applications, including customer-facing solutions and seamless integration. This strategic expansion coincides with the rise of industry-specific low** solutions tailored to industries such as healthcare, finance, and insurance. These solutions simplify adoption with pre-built templates, industry-specific connectors, and compliance features. The future of low** features accelerated growth, driven by the transformative potential of generative AI, which will simplify, optimize, and revolutionize the application development process.
Leaders
Appian, Mendix, Microsoft PowerApps, Oracleapex, OutSystems, Salesforce, and ServiceNow
Leaders have demonstrated strong technological innovation capabilities in low-level development, and have further expanded low-level frontier capabilities through a group of technology partners. At the same time, they can also provide mature product templates, which can also be tailored to the needs of users.
Leaders are also injecting AI into low-level development platforms to create competitive barriers and provide multi-experience development services.
Leaders will face stiff competition as major competitors are investing heavily in low-level areas and innovating in technology.
Key contenders
Genexus, Innoveo, Joget, KissFlow, Neptune, Netrinos, Newgen, Pega, Quixy, Uipath Apps, Ungork, W**eMaker, and Zoho Creator
The main competitors are using low** to solve the actual needs of enterprises, such as business process orchestration, workflow automation, etc. However, there is still room for improvement in addressing customer experience management and AI-assisted approach.
Key competitors have mapped out a clear strategic path to enhance their product and service capabilities, and are challenging leaders with strong communities and growing offline markets.
Aspirants
AgilePoint, AppSmith, Apto AI, and QuickBase
Compared with the main competitors and leaders in terms of product innovation and market influence, the aspirants also have good performance in terms of actual business implementation. Its products are mainly used in small-scale process automation and workflow digitization needs.
Aspirants need to develop and deepen their own user community groups to enhance their market influence, and at the same time, they can try more business areas to seek development opportunities.
Report**: Everest Group website.