Quadrant Knowledge Solutions announced today that it has named GeneXus as a 2021 technology leader in the SPARK Matrix analysis of the global Low Code Application Development (LCAD) platform market.
The Quadrant Knowledge Solutions SPARK Matrix™ includes a detailed analysis of the global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides a competitive analysis and ranking of the leading Low Code Application Development Platform vendors in the form of its SPARK Matrix, providing strategic information for users to evaluate different vendor capabilities, competitive differentiation, and market position.
The Low Code Application Development (LCAD) platform market has essentially been around for several years. The increasing market traction in recent years across industry verticals and various geographical regions is due to the increased adaptation of digital transformation by both organizations and customers. Furthermore, advancements in the offerings powered by the unified low code automation platforms allows IT teams to deliver rapid and significant business values with scalable enterprise automation technologies. These include low-code robotic process automation (RPA), artificial intelligence (AI), API integration, workflow platforms, intelligent document processing (IDP), case management, analytics, pre-built services, and decision rules, amongst others. Additionally, the analytics features such as the ‘application health dashboard’ monitor the application performance and notify security alerts to the developers well in advance. They also provide recommendations to solve design issues and gain intelligent real-time design improvements. Hence, the release of unified low code automation technology enables the developers to create, test, maintain, and deploy applications faster, automating the end-to-end business operations.
The impact of Covid-19 has turbocharged digital transformation forward within the companies with their extensive incorporation of work from home policies and the significant shift in consumption patterns of end-consumers. The customers are extensively utilizing online platforms for majority needs, while the IT teams at organizations are catching up with these new demands to stay ahead of the curve in the competition in regard to the application development, maintenance, deployment, and provision of secure and scalable solutions, in less possible time. The vendors are also focusing on providing B2B, B2C, and B2E applications with larger scalability options. With the increase in demand of applications, the low code platform providers enable a deep set of capabilities for supporting collaborative development between professional and citizen developers that includes low-code and no-code design platforms, AI-assisted development, and built-in design recommendations. Additionally, they also promote the enabling of citizen developers to use governance features, prebuilt app templates, training programs, and provision of DevSecOps guardrails, amongst various other things.
The low code vendors provide an enterprise-grade application development platform that includes features like cloud availability, scalability, security, automatic upgrades & support for the latest- experiences, interactions, devices, and such others. An enterprise-grade application also utilizes multi-users, multi-developer, and multi-component features that can work on a large-scale data and can be secured and deployed on multiple platforms with ease. A single platform can be used to create- mobile apps, offline mobile/field service apps, omnichannel B2C customer engagement apps, and conversational apps. Additionally, self-service customer portals, apps requiring IoT integration, core systems modernization, front-office employee apps, back-office employee apps, and apps requiring AR/MR integration, can also be created with ease using the single platform service. The platform also frees up the users from all kinds of code lock-in, such that they are free to export and transfer their code to any other platform, as required.
“GeneXus, with its comprehensive BPM Suite allows automated, simplified and optimized integration solutions, along with an AI-powered, easy-to-learn low code application development platform which automatically creates, develops and maintains multi-experience and agile enterprise-level applications. The company has received strong ratings across the parameters of technology excellence and customer impact and has also been positioned amongst the technology leaders in the 2021 SPARK Matrix of the Low Code Application Development (LCAD) platform market”, said Sofia Ali, Analyst at Quadrant Knowledge Solutions. “GeneXus offers a compelling future-proofing of current technological offerings – by incorporating independent, multi-platform developments, and investments – preserved through time, which would help safeguard them irrespective of eventual changes or system adaptations, in order to attain future business realities, making use of advanced of LCAD technology. With its robust technology platform, comprehensive functional capabilities, and compelling product strategy and roadmap, GeneXus is well positioned to expand its market share in the global Low Code Application Development (LCAD) platform market”.
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