As 2024 approaches, the low-code application development platforms market is growing significantly. Organizations across industries are embracing low-code solutions to streamline their application development processes and enhance operational agility. This surge in demand has fueled intense competition among platform providers, resulting in a wide range of specialized low-code tools to meet diverse requirements. Low-code technology has firmly integrated into modern application development strategies, enabling organizations to quickly adapt to evolving digital landscapes and customer demands. Low-code Application Development Platform Compendium 2024 is a companion to Everest Group’s recently published Low-code Application Development Platforms PEAK® Matrix Assessment 2023 report. The compendium provides comprehensive and fact-based snapshots of 24 low-code platforms. Each profile offers an overview of the platform provider, its proprietary solutions, client portfolio across geographies, industries, and buyer sizes, as well as use cases and case studies. The compendium will enable platform providers to benchmark their strengths and limitations against their competitors and assist buyers of low-code platforms in assessing the platforms on their desired set of capabilities. Scope All industries and geographies Sources leveraged: analyst inputs, Everest Group research (spanning recruiters, industry experts, and industry associations), ongoing interactions with enterprises and providers, and publicly available secondary data sources Contents In this report, we feature 24 low-code platform provider profiles and include: An overview of each platform provider and their revenue range Adoption by buyer group, industry, and geography Key use cases Case studies Proprietary solutions Membership(s) Application Services Outsourcing Excellence

As 2024 approaches, the low-code application development platforms market experiences robust growth and significant innovation. Organizations across various industries are increasingly embracing low-code solutions to streamline their application development processes and enhance operational agility. This surge in demand has fueled intense competition among platform providers, resulting in a wide range of specialized low-code tools to meet diverse requirements. Low-code technology has firmly integrated into modern application development strategies, enabling organizations to quickly adapt to evolving digital landscapes and customer demands. Looking ahead, low-code technology’s influence will expand beyond internal applications to include customer-facing solutions and seamless integrations. This strategic expansion coincides with the rise of industry-specific low-code solutions tailored to sectors such as healthcare, finance, and insurance. These solutions feature pre-built templates, industry-specific connectors, and compliance features for simplified adoption. Low-code’s future is marked by accelerated growth, driven by the transformative potential of generative AI, poised to streamline, optimize, and revolutionize the application development process. In this report, we assess 24 low-code technology providers featured on the Low-code Application Development Solutions PEAK Matrix®. Each provider profile offers a comprehensive picture of its service focus, key Intellectual Property (IP) / solutions, domain investments, and case studies. Scope All industries and geographies The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading low-code application development platforms, client reference checks, and an ongoing analysis of the low-code application development services market Contents In this report, we feature 24 low-code technology provider profiles and include: A summary dashboard – assessment of market impact and vision and capability Platform providers’ key strengths and limitations Membership(s) Application Services Sourcing and Vendor Management

Businesses are increasingly turning to low-code application development to streamline software development processes and improve their ability in responding to market changes. As we enter 2023, low-code application development platforms have evolved to offer advanced capabilities, such as AI and ML integration, increased automation, and improved collaboration tools. Pure play low-code platforms, such as Appian, Mendix, and OutSystems, are emerging as vital elements in enterprise technology stacks. These platforms excel in building enterprise-grade applications. As the demand for these platforms skyrockets, there’s a parallel surge in the need for low-code application development services. The Low-code Application Development Services Compendium 2023 is a companion to Everest Group’s recently published Low-code Application Development Services PEAK Matrix® Assessment 2023 report. The compendium provides comprehensive and fact-based snapshots of 31 low-code providers. Each profile offers an overview of the provider’s products, client portfolio across geographies, industries, buyer sizes, use cases, and case studies. The compendium will enable providers to benchmark their strengths and limitations against their competitors and assist buyers of low-code platforms in assessing the providers on their desired set of capabilities. Scope All industries and geographies Market segment: application services Sources leveraged: analyst inputs, Everest Group research (spanning recruiters, industry experts, and industry associations), ongoing interactions with enterprises and providers, and publicly available secondary data sources Contents In this report, we feature 31 low-code service provider profiles and include: An overview of each provider and their revenue range Adoption by buyer group, industry, and geography Key use cases Case studies Proprietary solutions Membership(s) Application Services Sourcing and Vendor Management

Businesses are increasingly adopting low-code application development to streamline their software development processes and respond quickly to market changes. In 2023, low-code application development platforms have evolved to offer advanced capabilities, such as artificial intelligence and machine learning integration, increased automation, and improved collaboration features. Enterprise technology stacks are now including pure play low-code platforms as a significant component. Platforms such as Appian, Mendix, and OutSystems are highly skilled at building enterprise-grade applications. As the demand for these platforms skyrockets, the demand for low-code application development services is correspondingly increasing. In this report, we assess 31 low-code application development service providers featured on the Low-code Application Development Services PEAK Matrix®. The study will enable buyers to choose the best-fit provider based on their sourcing considerations, while providers will be able to benchmark their performance against each other. Scope All industries and geographies The assessment is based on Everest Group’s annual RFI process for the calendar year 2022, interactions with leading low-code application development service providers, client reference checks, and an ongoing analysis of the low-code application development services market Contents In this report, we feature 31 low-code application development service provider profiles and include: A summary dashboard – assessment of market impact and vision and capabilities Providers’ key strengths and limitations Membership(s) Application Services Sourcing and Vendor Management

Application transformation is an ongoing and continuous process in which an application’s environment and its features constantly evolve based on changing business needs and technology advances. Application transformation enables business-critical applications to stay relevant and aligned with modern user expectations – typically by leveraging technologies such as cloud and big data, as well as the principles of DevOps and agile development. By evolving from legacy applications to always-improving applications, businesses can maintain their competitive edge, accelerate improvements, and remain flexible as systems change. Following the pandemic, the adoption of a multi-cloud strategy, which provides enterprises and business units the autonomy to choose the best-fit Cloud Service Providers (CSPs) to deploy applications or workloads, has increased. This technology-first strategy allows enables enterprises to fight talent shortages across industries. In this research, we look at why application transformation initiatives fail and the three success factors for enterprises to define a successful transformation agenda. We also explore enterprise priorities, the talent scenario, and outsourcing considerations to define best-in-class practices for application modernization. Scope All industries and geographies Market segment: application services Sources leveraged: analyst inputs, Everest Group research (spanning recruiters, industry experts, and industry associations), ongoing interactions with enterprises and providers, and publicly available secondary data sources Contents In this report, we examine: State of the market for application transformation services and adoption across industries and processes Benefits and challenges of the multi-/hybrid-cloud model of cloud adoption Enterprise priorities, talent scenario, and outsourcing considerations for application transformation services Membership(s) Application Services Sourcing and Vendor Management

Low-code application development platforms are narrowing the gap between continuous business needs and the IT function’s limited bandwidth, especially after the pandemic. However, the industry faces an acute talent shortage, and there is need to improve developer productivity. A subsequent rise in talent costs is also compelling organizations to cater to application development requirements internally, wherever possible, rather than looking out in the market. Enterprises have just started using low-code solutions and successful adoption depends on selecting the right provider and platform for their needs, keeping in mind the trade-off between the cost and accompanying benefits. In this research, we present detailed assessments of 14 platform providers featured on the Low-code Application Development Solutions PEAK Matrix® and categorize them as Leaders, Major Contenders, and Aspirants based on their capabilities and offerings. Scope The assessment is based on Everest Group’s RFI process, interactions with leading low-code platform providers, client reference checks, and an ongoing analysis of the low-code solutions market All industries and geographies Contents This report features detailed assessments, including strengths and limitations, of 14 platform providers focused on low-code application development solutions. Membership(s) Application Services Sourcing and Vendor Management

Low code is transforming software development in numerous ways, by enabling analysts at every level to create real-time solutions that do not just impact them but also their teams and organizations. This advantage, along with the availability of traditional developers and IT to plug gaps in situations where no APIs or plug-ins are available, is a win-win for everyone. Notably, low code has increased the number of applications that exist globally, and, in fact, 60% of all applications will be developed using low-code platforms over the next four to five years. Low-code Workflow Automation Platforms Compendium 2022 is a companion to Everest Group’s recently published Low-code Workflow Automation Platforms State of the Market 2022 report. The compendium provides comprehensive and fact-based snapshots of 15 low-code providers. Each profile offers an overview of the technology provider, its products, client portfolio across geographies, industries, and buyer sizes, as well as use cases and case studies. The compendium will enable technology providers to benchmark their strengths and limitations against their competitors and assist buyers of low-code platforms in assessing the providers on their desired set of capabilities. Scope All industries and geographies Market segment: application services Sources leveraged: analyst inputs, Everest Group research (spanning recruiters, industry experts, and industry associations), ongoing interactions with enterprises and providers, and publicly available secondary data sources Contents This report looks at: An overview of each platform and overall revenue range Adoption by buyer group, industry, and geography Key use cases Case studies Proprietary solutions Membership (s) Application Services Sourcing and Vendor Management

Low-code platforms solve the great divide between unrelenting business needs and restricted IT bandwidth to deliver. However, as with any technology, enterprises need to use them wisely to derive maximum value. The low-code adoption journey has just started for enterprises, and successful enterprise-grade adoption depends on selecting the right platform for the right use case, keeping in mind the cost and benefits of adoption. The pandemic and the subsequent emergence of remote working models have paved the way for low-code adoption, and the market is likely to continue to grow at a staggering rate of 24-26% in the medium term. Notably, low code is transforming software development in numerous ways. It has increased the number of applications that exist globally, and, over the next four to five years, 60% of all applications will be developed using low-code platforms. Low code enables analysts at every level to create real-time solutions, not just impacting them individually, but their teams and overall organizations. This advantage, along with the availability of traditional developers and IT to fill in gaps in cases where there are no APIs or plug-ins available, is a recipe for success. Scope All industries and geographies Market segment: application services Sources leveraged: analyst inputs, Everest Group research (spanning recruiters, industry experts, and industry associations), ongoing interactions with enterprises and providers, and publicly available secondary data sources Contents In this report, we study the following topics: Low-code application development – overview and architecture Global low-code development platforms state of the market Enterprise journey in low-code adoption Low-code business use cases Membership(s) Application Services Sourcing and Vendor Management

Enterprises have not focused on application management as a source of digital transformation but as a means to achieve cost savings and run the business. However, as they scale their digital transformation initiatives, they struggle to align their application management portfolios to achieve the intended business outcomes. In this research, Everest Group has enhanced its earlier Business Value Orchestrator (BVO) platform in light of changing business and technology priorities. We recommend that enterprises build a seamless layer of integration, analytics, and business value across their Site Reliability Engineering (SRE), hyper automation, and newer sourcing models. This will need enterprises to invest in next-generation BVO The next-generation BVO goes beyond traditional data aggregation models to build actionable insights. It also brings other IT organizations outside application management to create business value. This report will help enterprises understand how they can transform their application management functions to align with digital initiatives. The research also captures trends for overall IT services markets and application services deals for 2020. Scope All geographies and industries Market segment: application services Sources leveraged: Ongoing interactions with enterprises, year-round tracking of technology vendors and service providers, Everest Group Transaction Intelligence Database, analyst inputs, and other publicly available sources Contents In this research, we recommend a pragmatic method and framework for enterprises to transformation their application management strategies to drive digital transformation. In particular, we focus on: The overall information technology services market size and growth Next-generation application management and its role in digital transformation Key trends in the application services market, including bundling, sources of opportunity, deal details, and scope of services Key buyer adoption trends in application services Membership(s) Application Services Sourcing and Vendor Management

Application transformation is an ongoing and continuous process, in which the application’s environment and features constantly evolve based on changing business needs and technology advances. To compete in a digital world, enterprises are not only looking to substitute legacy applications with flexible and modular cloud-based ones, but also reimagining their processes to align with a cloud-first strategy. They want to achieve faster time-to-market, cost savings, enhanced and immersive experiences, and scalability through such transformation initiatives. In this research, we present detailed assessments of 29 IT service providers featured on Everest Group’s Application Transformation Services PEAK Matrix® and categorize them as Leaders, Major Contenders, and Aspirants based on their capabilities and offerings. Each profile provides a comprehensive picture of the service provider’s service focus, key Intellectual Property (IP) / solutions, and domain investments. Scope All industries and geographies The assessment is based on Everest Group’s annual RFI process for the calendar year 2021, interactions with leading application transformation service providers, client reference checks, and an ongoing analysis of the application transformation services market Contents This report features 29 application transformation service provider profiles, each of which includes: A detailed assessment of the service provider’s strengths and areas of improvement An overview of the provider’s application transformation services business and offerings – revenue split across the value chain and details of projects by buyer size, industry, and geography Assessments of the provider’s application transformation services case studies, delivery capabilities, domain investments, and key solutions Membership (s) Application Services Sourcing and Vendor Management