In the economic downturn, the promise of low-code platforms to accelerate software delivery has resulted in a flurry of competition and acquisitions. The need to remove any red-tape from the app modernization process has never been greater during the Covid-19 crisis, prompting executive directives for organizations to accelerate digital transformations. Whether enterprises are entrenched in new software delivery efforts or barely beginning them, Covid-19’s impact has CIOs opting for emerging technologies in order to hurry along digital projects and combat the inevitable economic impact.
As a result, enterprises are motivated to prioritize their modern software delivery initiatives through the high-productivity development tools of low-code platforms. Heightened importance around low-code app development platforms has been prompted by complex application architectures, a global shortage of professional software developers, and the need for business transformation delivered through meaningful back-end data integrations.
Increased prominence has ensured lucrative funding, acquisitions, and profitability. Pushing rapidly into the low-code and automation space are global public cloud platform providers Google, Microsoft and Amazon as they begin strategies around visualization tools and automation capabilities. Earlier this year Google acquired no-code provider AppSheet, and this summer Amazon announced a low-code tool, Honeycode, with more AWS services expected.
Leading low-code vendors have been demonstrating their ability to disrupt the application platform marketspace with a model-driven visual approach, significantly speeding the app development process by enabling collaboration between business and IT stakeholders. This is achieved through high-productivity design tools, AI-injected connectors to backend systems, and process automation technologies, all of which address complex workflows including those in high-compliance industries. Solutions are able to provide best practices/recommendations during the UX process to ease complex backend data integration requirements associated with interactive B2C apps and automate workflow controls.
In a recent Competitive Landscape Assessment, GlobalData rates Microsoft and Salesforce as “Leading’’ competitors in this space. GlobalData rates Appian, Mendix, OutSystems, and Pegasystems as “Very Strong’’ competitors.
Verdict deals analysis methodology
This analysis considers only announced and completed artificial intelligence deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.