Businesses continue to struggle with the need to digitally transform in a challenging economic environment with scarce IT resources. These dynamics caused them to reassess spending and force business units to do more with less. Low-code application platforms (LCAPs), a technology that was just gaining popularity at the start of the pandemic, are well suited to help businesses meet these challenges.
LCAPs allow for faster, easier application development, enabling businesses to quickly create and deploy new services that automate employee tasks and customer interactions. They also allow line-of-business team members to take a more active role in creating the services they need to work smartly in a completely new operating environment. The integration of AI capabilities into LCAPs has made development easier and faster for non-technical users, while also exposing security and compliance vulnerabilities that can be corrected ahead of launching services into production.
This Frost Radar discusses strategic imperatives in the industry, evaluates providers based on platform capabilities, and offers information on companies to action.
Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.
Strategic Imperative
Growth Environment
Growth Environment (continued)
Frost Radar™: Low-Code Application Platforms, 2024
Frost Radar™ Competitive Environment
Frost Radar™ Competitive Environment (continued)
Frost Radar™ Competitive Environment (continued)
Appian
Appian (continued)
Appian (continued)
Appian (continued)
Creatio
Creatio (continued)
Creatio (continued)
Creatio (continued)
Globant
Globant (continued)
Globant (continued)
Kissflow
Kissflow (continued)
Kissflow (continued)
Kissflow (continued)
Mendix
Mendix (continued)
Mendix (continued)
Mendix (continued)
Microsoft
Microsoft (continued)
Microsoft (continued)
Oracle
Oracle (continued)
Oracle (continued)
Outsystems
Outsystems (continued)
Outsystems (continued)
Outsystems (continued)
Pega Systems
Pega Systems (continued)
Pega Systems (continued)
Salesforce
Salesforce (continued)
Salesforce (continued)
Salesforce (continued)
ServiceNow
ServiceNow (continued)
ServiceNow (continued)
Zoho
Zoho (continued)
Zoho (continued)
Zoho (continued)
Zoho (continued)
Best Practices
Growth Opportunities
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)
Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
Frost Radar™ Empowers Investors
Frost Radar™ Empowers Customers
Frost Radar™ Empowers the Board of Directors
Next Steps
Legal Disclaimer
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Frost Radar |
|---|---|
| Author | Karyn Price |
| Industries | Information Technology |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Low-Code Application Platforms |
| Keyword 2 | Low-Code Market |
| Keyword 3 | Low-Code Platform Growth |
| Podcast | No |
| Predecessor | K90D-01-00-00-00 |
| WIP Number | KA92-01-00-00-00 |
Frost Radar™: Low-Code Application Platforms, 2024
A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines
24-Sep-2024
Global
Frost Radar
