LCAP Technology Value Matrix 2023

November 7, 2023 - Value Matrix X197

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The Low Code Application Platform (LCAP) market is maturing, and the offerings from large ERP and CRM platforms are catching up with standalone vendors. The expansion of low- and no-code tools for citizen and professional developers along with the technical up-skilling of a new generation entering the workforce have increased the adoption of LCAPs. In addition, the complexity of applications being developed has risen in tandem. With the adoption of generative AI across virtually all LCAPs, users can expect the technology to aid and automate development and be embedded in the applications they build. Other common investment areas include support for government agencies and contractors, self-service analytics, process mining, and DevOps governance.

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Nucleus Research names Appian, Creatio, Mendix, Microsoft, Oracle, and Zoho as leading providers of Low Code Application Platform (LCAP) technology.