Predicting Microsofts Leadership in Low-Code Platforms Market by 2023

Microsoft has been recognized as a leader in The Forrester Wave™ Low-Code Development Platforms for Professional Developers Q2 2023. This testament to Microsoft's innovative approach towards AI development, unifying across professional and citizen development, makes them unmatchable in the market. Being acknowledged by Forrester report for its "best-in-class features for AI development", is indeed an honor for Microsoft.

• The universal development toolset is recognized for serving professional and citizen developers alike.
• Power Platform, being the most widely adopted low-code platform, is boosting the pace of digital transformation.
• It makes addressing thousands of overlooked processes inside organizations feasible.
• The company is also dedicated to leading the market in critical areas of process innovation.
• Their $10 billion investment in OpenAI amplifies their focus on leading in AI-assisted.

Deep Dive into the Topic

Microsoft's role as a leader in professional developer platforms is defining the future of software development. The synergy of professional and citizen developers is resulting in groundbreaking innovations. Power Platform, due to its widespread adoption worldwide, is enhancing the digital transformation speed by making it feasible to resolve traditionally overlooked processes. Furthermore, Microsoft's substantial investment in OpenAI underlines their commitment to spearhead AI-assisted developments, thereby shaping the era of smart computing.

The Forrester report commends Microsoft for its exceptional features in AI development, innovation history, and a unique strategy to unify professional and citizen development. The report praises Microsoft's vision for their platform to serve as a universal toolset for both professional and citizen developers, claiming it is credible and unparalleled.

The Power Platform from Microsoft, the most popular low-code platform, is rapidly accelerating digital transformation by making it possible to manage the many processes within organizations usually neglected by custom software. The company plans to remain at the forefront of process innovation in several key areas.

One of these areas is AI. Microsoft's $10 billion investment in OpenAI emphasizes their leadership in AI-assisted low-code, enjoying exclusive early access to the leading LLM innovator and having released GPT models since 2021. New GPT-powered Copilot capabilities have been introduced recently. Power Apps, Power Automate, Power Virtual Agents, and Power Pages are all now in public preview.

The company is also focusing on speeding up process innovation for developers, placing them at the heart of their innovation strategy. The Power Platform represents the "next layer of abstraction" in professional toolkits, maximizing productivity by uniting UX, data, and process automation in a single stack. The platform's reusable components can be used to create apps of varying complexity, speeding up the process from concept to application and reducing maintenance costs.

Microsoft aims to unite business and technology through governance and collaboration with Power Platform. It boosts professional developers' productivity and invites more participants, from citizen developers to subject matter experts. Microsoft's rapid innovation in collaboration tech, like co-presence, real-time co-authoring, and Office-style commenting for low-code makers, along with advancements such as 1-click integration with Synapse and on-demand generation of BI reports, exemplify their innovation in data.

All of these innovations are made in close collaboration with Power Platform developers, who also help focus Microsoft's innovation tech on the most significant outcomes for developers.

According to Satya Nadella, the Power Platform has become the leading business process automation and productivity suite for domain experts in every industry. With its revenues over the past twelve months exceeding $2 billion, up 72% year-on-year, the platform has now grown to over 30 million monthly active users. Forrester has recognized Microsoft as the low-code market leader for professional developers.

Learn about Microsoft is a leader in 2023 Forrester Wave Low-Code Platforms for Professional Developers

Microsoft is a leader in the 2023 Forrester Wave Low-Code Platforms for Professional Developers. It is recognized for its "best-in-class features for AI development", track record of innovation, and unique approach to unifying professional and citizen development. The Power Platform is accelerating digital transformation by making it possible to address thousands of processes which have traditionally been overlooked. Microsoft is investing heavily in OpenAI to lead in AI-assisted development. Additionally, Microsoft is focusing on process innovation, including modular components, digital assistants, integration with external services and platforms, and advanced analytics. Microsoft is also providing a comprehensive suite of tools for low-code development, such as Power Apps, Power Automate, Power Virtual Agents, and Power BI. These tools are designed to make low-code development easier and faster, while still allowing developers to incorporate their own code. Finally, Microsoft is providing a suite of services to ensure that low-code development is secure, reliable, and compliant with industry standards.

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Keywords

Low-Code Platforms, Low-Code Development, Professional Developers, Forrester Wave, AI Development, Process Innovation, OpenAI, Digital Transformation, Custom Software, Universal Development.