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Artificial Intelligence

Outlook on the Low-code Development Platform Global Market to 2030 – Players Include Appian, LANSA, Microsoft and Oracle

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Dublin, Aug. 23, 2022 (GLOBE NEWSWIRE) — The “Global Low-code Development Platform Market Size, Share & Trends Analysis Report by Application Type (Web-based, Mobile-based), by Deployment Type (Cloud, On-Premise), by Organization Size , by End-use, by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.

The global low-code development platform market size is expected to reach USD 35.2 billion by 2030, registering a CAGR of 22.9% from 2022 to 2030.

The growth can be majorly attributed to the growing interest of organizations, especially amid the COVID-19 pandemic, toward the digital transformation of their business processes.

The growing demand for solutions that can expedite the application development and automation of business processes has created wider scope for the adoption of low-code development platforms, thereby favoring the market expansion.

The market growth is being further driven by the continuous technological developments introduced by the industry players.

For instance, in September 2021, Mendix Technology BV introduced artificial intelligence and other advanced features to its low-code development platform to allow companies to develop software more efficiently.

The company has named the AI feature Page Bot which provides recommendations to the software teams about how to design a new application’s user interface.

Low-Code Development Platform Market Report Highlights

  • Web-based application segment is expected to witness a CAGR of over 22.0% from 2022 to 2030 owing to increasing demand for low-code development platforms as they help in developing applications using the similar resources as the traditional development process.
  • The SMEs segment is expected to witness a significant growth rate of nearly 24.0% from 2022 to 2030 with the growing need to develop software applications with minimum operational cost and workforce.
  • The IT and Telecom segment accounted for a revenue share of close to 21.0% in 2021 with the increasing need among these sectors to automate their operations and expedite the application development process.
  • In North America, the market was valued at nearly USD 1.7 billion in 2021 owing to the strong presence of various major market players in the region and the introduction of innovative low-code development platform offerings by these players .

Key Topics Covered:

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Industry Outlook
3.1 Market Segmentation
3.2 Market Size and Growth Prospects
3.3 Value Chain Analysis
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Growing Need to Accelerate Digital Transformation
3.4.1.2 Increasing Need to Improve Software Development Process
3.4.2 Market Restraint Analysis
3.4.2.1 Lack of Customization
3.4.3 Market Opportunity Analysis
3.4.3.1 Lucrative Opportunities in Several Industries
3.5 Penetration & Growth Prospects Mapping
3.5.1 PEST Analysis
3.5.2 PORTER’s Five Forces Analysis
3.6 Use Cases by End-use Industry
3.7 COVID-19 Impact on the Market
3.7.1 COVID19 Impact: Overview
3.7.2 Measures Taken by the Market Players
3.7.3 A Way Forward
3.8 COVID-19 Regional Analysis
3.8.1 North America
3.8.2 Europe
3.8.3 Asia Pacific
3.8.4 Latin America
3.8.5 Middle East & Africa
3.9 Low-Code Development Platform Market-Market Share Analysis, 2021
3.9.1 Key company market share analysis, 2021
3.9.2 Key global players, recent developments & their impact on the industry
3.9.3 Key company product comparison

Chapter 4 Low-Code Development Platform Market Application Outlook
4.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million)
4.2 Application Movement Analysis & Market Share, 2021 & 2030
4.3 Web-Based Low-Code Development Platform
4.4 Mobile-Based Low-Code Development Platform

Chapter 5 Low-Code Development Platform Market Deployment Outlook
5.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million)
5.2 Cloud-based Low-Code Development Platform
5.3 On-Premise Low-Code Development Platform

Chapter 6 Low-Code Development Platform Market Organization Size Outlook
6.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million)
6.2 Organization Size Movement Analysis & Market Share, 2021 & 2030
6.3 SME Low-Code Development Platform Market
6.4 Large Enterprises Low-Code Development Platform Market

Chapter 7 Low-Code Development Platform Market End-Use Outlook
7.1 Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million)
7.2 End-Use Movement Analysis & Market Share, 2021 & 2030
7.3 BFSI
7.4 Automotive & Manufacturing
7.5 Retail
7.6 Education
7.7 IT & Telecom
7.8 Transportation & Logistics
7.9 Others

Chapter 8 Low-Code Development Platform Market Regional Outlook
8.1 Low-Code Development Platform Market, By Region, 2021 & 2030
8.2 Regional Movement Analysis & Market Share, 2021 & 2030
8.3 North America
8.3.1 U.S.
8.3.2 Canada
8.4 Europe
8.4.1 Germany
8.4.2 U.K.
8.5 Asia Pacific
8.5.1 China
8.5.2 Japan
8.5.3 India
8.6 Latin America
8.6.1 Brazil
8.6.2 Mexico
8.7 MEA

Chapter 9 Competitive Landscape
9.1 Appian
9.1.1 Company Overview
9.1.2 Financial Performance
9.1.3 Product Benchmarking
9.1.4 Recent Developments
9.2 Creatio
9.2.1 Company Overview
9.2.2 Product Benchmarking
9.2.3 Recent Developments
9.3 LANSA
9.3.1 Company Overview
9.3.2 Product Benchmarking
9.3.3 Recent Developments
9.4 Mendix Technology BV
9.4.1 Company Overview
9.4.2 Product Benchmarking
9.4.3 Recent Developments
9.5 Microsoft
9.5.1 Company Overview
9.5.2 Financial Performance
9.5.3 Product Benchmarking
9.5.4 Recent Developments
9.6 Oracle
9.6.1 Company Overview
9.6.2 Financial Performance
9.6.3 Product Benchmarking
9.6.4 Recent Developments
9.7 OutSystems
9.7.1 Company Overview
9.7.2 Product Benchmarking
9.7.3 Recent Developments
9.8 Pegasystems Inc.
9.8.1 Company Overview
9.8.2 Product Benchmarking
9.8.3 Recent Developments
9.9 Quickbase
9.9.1 Company Overview
9.9.2 Product Benchmarking
9.9.3 Recent Developments
9.10 Salesforce, Inc.
9.10.1 Company Overview
9.10.2 Financial Performance
9.10.3 Product Benchmarking
9.10.4 Recent Developments
9.11 Servicenow
9.11.1 Company Overview
9.11.2 Financial Performance
9.11.3 Product Benchmarking
9.11.4 Recent Developments
9.12 Zoho Corporation Pvt. Ltd.
9.12.1 Company Overview
9.12.2 Product Benchmarking
9.12.3 Recent Developments

For more information about this report visit https://www.researchandmarkets.com/r/kupjae

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Artificial Intelligence

ID Quantique launches a quantum-safe communication ecosystem to facilitate the adoption of Quantum networks, with HEQA Security, LuxQuanta, Quantum Optics Jena and ThinkQuantum as first partners

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GENEVA, May 14, 2024 /PRNewswire/ — To accommodate the growing demand for telecom-grade solutions that enable fast and cost-effective migration to quantum-safe communications, ID Quantique’s new Clarion KX software platform now supports multi-vendor Quantum Key Distribution (QKD) interoperability. Today, we are pleased to welcome new technology partners: HEQA Security, LuxQuanta, Quantum Optics Jena and ThinkQuantum to our Clarion KX ecosystem.

With the looming threat of quantum computers capable of breaking public-key cryptography, the reality of “harvest now, decrypt later” attack poses immediate threat to the confidentiality of enterprise, government, and IT service providers’ data. Organizations worldwide are grappling with the urgency of migrating to quantum-safe infrastructure – the most complex, time-sensitive, and costly cryptographic overhaul in IT history. Stakes are high, as failure to timely employ available mitigation strategies could expose them to significant liabilities.
To fully mitigate the associated risks, organizations are now looking to enforce a defense in depth approach by leveraging both quantum-based and algorithmic technologies at different layers of the network stack. QKD solutions, the key building block of this strategy, have been already recognized to play a critical role in ensuring long term resilience to Quantum threat.
ID Quantique Clarion KX platform leverages an open and service-based architecture to support a cost-effective scale up of QKD networks. It provides for orchestration and management of out-of-band quantum-key delivery in real time, regardless of the underlying QKD solutions or the location of the consuming encryption appliances. With its support for heterogeneous QKD infrastructure in complex and SLA demanding environments, IDQ’s Clarion KX platform also enables telecom operators to generate new revenue streams by providing new Quantum-Safe as a Service offerings to their B2B customers looking for long-term security assurance.
With ID Quantique’s expanded ecosystem and open interfaces, customers can now also leverage hybrid QKD networks, including continuous variables (CV) QKD, discrete variables (DV) QKD or Entanglement based QKD.
“We are extremely proud to break another important barrier to large-scale adoption of quantum networks. Said Grégoire Ribordy CEO of ID Quantique. Offering a vendor-agnostic ecosystem allowing heterogeneous QKD infrastructure was one of the next logical steps the market was expecting – and this is now available thanks to our partners.”
 “Reaching QKD interoperability is a significant market milestone that empowers customers to choose products freely for their networks, maximizing flexibility and adaptability to meet business needs. Said Nir Bar-Lev, CEO, HEQA Security. This customer-centric approach reflects HEQA Security’s dedication to delivering innovative solutions, even before standards are fully finalized.”
“Safeguarding both present and future communications requires customized solutions aligned with specific network requirements. That is why we must ensure multi-vendor interoperability, allowing our industry to build on the unique properties and specifications of each QKD and related technologies from different providers.” says Vanesa Diaz, CEO of LuxQuanta. “We are very pleased with the seamless work that both our teams have done to integrate our NOVA LQ® system with Clarion KX software, and we look forward to continuing to nurture this partnership.
“The integration of different technological approaches is an important step for future network architecture,” says Kevin Füchsel, CEO of Quantum Optics Jena. “The demonstration shows that our partners and customers can rely on simple and fast interoperability. This brings us a big step closer to multi-user and multi-vendor networks.”
“Partnering between ThinkQuantum and IDQ for the mutual recognition of our own quantum networking solutions is definitely moving in the direction of overcoming the competition we daily experience on the market to cooperate in the support of our common clients and Industry growth”, Simone Capeleto, CEO of ThinkQuantum.
More info on Clarion KX Platform
For more information visit our website:www.idquantique.comwww.heqa-sec.comwww.LuxQuanta.comwww.qo-jena.comwww.thinkquantum.com
Photo: https://mma.prnewswire.com/media/2412582/ID_Quantique.jpgLogo: https://mma.prnewswire.com/media/2412581/ID_Quantique_Logo.jpg
Contact: Catherine Simondi – VP Marketing and Communication, ID Quantique, [email protected] or + 42 22 801 83 71 
 

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Artificial Intelligence

Sona, next-generation workforce management for frontline, raises $27.5M Series A led by Felicis

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LONDON, May 14, 2024 /PRNewswire/ — Sona, the next-generation, intelligent workforce management platform for frontline enterprises founded by Steffen Wulff Petersen, Oli Johnson and Ben Dixon, announced today its $27.5M Series A. Felicis led the financing with participation from Northzone, Google’s AI-fund Gradient, SpeedInvest, Antler, BAG Ventures, and numerous notable angels participated in the round. Sona has raised $40M+ to date and will use this fresh round of capital to expand its go-to-market function and build more advanced AI capabilities on its platform. In 2023 alone, Sona experienced an explosive 400%+ revenue growth. To date, over 4.6 million shifts have been created on Sona.

The frontline workforce represents nearly 2 billion people worldwide, 56% of the global workforce. In spite of this, frontline innovations have received

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Artificial Intelligence

Dangbei to Unveil Mars Pro 2: World’s First Google TV 4K Laser Projector with Licensed Netflix

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A leap forward in home entertainment, combining a super-bright 4K laser cinema with the convenience of Google TV and licensed Netflix access
TUMWATER, Wash., May 14, 2024 /PRNewswire/ — Dangbei, an innovator in smart entertainment, today announces the launch of its flagship model, Dangbei Mars Pro 2, the world’s first Google TV 4K laser projector with a built-in, licensed Netflix app. It marks the first projector to combine laser-illuminated Ultra HD picture, Dolby and DTS:X surround sound, the vast content universe of Google TV, and advanced smart controls. This makes it a truly all-in-one entertainment hub, transforming spaces into a movie theater, a gaming arena, or even a sports bar.

The Brightest Projector from Dangbei
Boasting a stellar 2450 ISO lumens powered by a laser light source, Dangbei Mars Pro 2 is Dangbei’s brightest projector to date. This translates to consistently vibrant visuals, day or night, for years to come. The premium 4K UHD picture with HDR10+ support offers a theater-quality experience, and the ALPD® technology ensures speckle-free and color fringing-free visuals.
Netflix and More at Fingertips
Mars Pro 2 makes streaming a breeze. The pre-installed, licensed Netflix app delivers smooth, stutter-free playback, taking Netflix viewing on projectors to new heights. Google TV’s intuitive interface allows for managing watchlists, multiple profiles, and getting personalized recommendations from all preferred streaming services, including Netflix, YouTube, Prime Video, Hulu, Disney+, and more.
Big Picture, Big Sound
Despite its compact size compared to traditional projectors, Mars Pro 2 can project expansive images up to 200 inches—over 2.5 times larger than a 75-inch TV. The immersive adventure goes beyond visuals. Mars Pro 2 boasts powerful sound with dual 12W built-in speakers, a spacious 600ml sound chamber, Dolby Audio, and DTS:X support, creating a next-level cinematic soundscape.
Smarter Image Optimization
Mars Pro 2 debuts Dangbei’s next-gen intelligent image optimization technology, InstanPro AI Image Setup. It leverages a combination of dToF, CMOS, and AI algorithms to offer a range of functionalities. Users can enjoy faster autofocus, auto keystone, screen fit, obstacle avoidance, eye protection, and AI brightness control—all designed for a perfect viewing experience.
Unleash Endless Entertainment
Dangbei Mars Pro 2 is a one-stop shop for entertainment. A dedicated game mode with low latency, 4K 60Hz refresh rate, HDMI 2.1, and WiFi 6 ensures seamless gameplay. MEMC technology smooths out fast-action for sporting events and more. Plus, Mars Pro 2 comes with 3D capabilities including Blu-ray, all delivered in whisper-quiet operation under 24 dB for uninterrupted enjoyment.
Pricing and Availability
Dangbei Mars Pro 2 will be officially released on May 28th, available both on the official website and Amazon US for $1899. To mark the occasion, Dangbei will offer a special discount of $400, bringing the price down to $1499. Customers can even claim a free gimbal stand (valued at $139) with their purchase of Mars Pro 2 on the Official Website, by subscribing to the newsletter prior to launch. 
The new product will also be available on Amazon UK/EU and other marketplaces like MediaMarkt, Fnac, Alza, Datart, and Allegro.
About Dangbei
Dangbei is a premium smart entertainment provider specializing in projectors and other innovative products. Trusted by over 200 million users worldwide, Dangbei offers stunning visuals and immersive sound, transforming spaces into vibrant entertainment, work, and life hubs.
In China, Dangbei leads in software for large screens, providing a vast app and content library across entertainment, health, education, and productivity. Dangbei ranks Top 2 in terms of shipments in China and Top 1 in the laser projector category. Learn more at us.dangbei.com.
Photo – https://mma.prnewswire.com/media/2397856/Mars_Pro_2.jpg

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