Recently recognized as "Customers' Choice" in the 2022 Gartner Peer Insights Report1, OutSystems is named a Leader in the Magic Quadrant for the sixth consecutive time SINGAPORE, Jan. 25, 2023 /PRNewswire/ OutSystems,a global leader in high-performance application development, today announced it has once again been named by Gartner, Inc. as a Leader in the January 2023 Magic Quadrant for Enterprise Low-Code Application Platforms (LCAP). In its sixth consecutive time as a Leader2, OutSystems was positioned highest on the vertical axis for "ability to execute" based on its product/service, sales execution/pricing, customer experience, market responsiveness/record, overall viability, marketing execution, and operations. Low-code developmentcontinues to see high adoption growth due to demands for greater velocity in application delivery across large and midsize organizations with extreme engineering efficiency, continued scarcity of tech talent, and growing hybrid
OutSystems Named a Leader and Positioned Highest for Ability to Execute in 2023 Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
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The worldwide market for low-code development tools will grow nearly 23% this year, to $13.8 billion, driven in part by a surge in do-it-yourself projects initiated in response to the COVID-19 pandemic.
That’s according to Gartner Inc. research released today, which also says a similar growth rate will propel the market to nearly $17 billion in 2022.
“While low-code application development is not new, a confluence of digital disruptions, hyper-automation and the rise of composable business has led to an influx of tools and rising demand,” Fabrizio Biscotti, research vice president at Gartner, said in a prepared statement. Composable business is an organizational structure made up of building blocks that can be combined and shifted as needed.