Newgen named niche player in 2024 Gartner Magic Quadrant

Newgen Software has been recognised as a Niche player in the 2024 Gartner Magic Quadrant for Enterprise Low-Code Application Platforms (LCAP). This recognition highlights the company's innovative approach to digital transformation through its comprehensive platform, NewgenONE, and marks the fifth consecutive year Newgen has been acknowledged in this competitive category.

Gartner's report assessed 13 low-code application platform providers, noting that "the enterprise LCAPs included in this research demonstrate successful adoption for business application delivery in all use cases and every business vertical."

Newgen primarily serves large and midsize enterprises in various sectors, including banking, insurance, government, and healthcare. The company's commitment to serving these industries is evident in its ability to tailor solutions that address the specific challenges faced by organisations in highly regulated environments.

Newgen has developed robust capabilities in Intelligent Document Processing and document management, ensuring businesses can automate and optimise their workflows effectively. Recently, the company has made significant advancements in its Optical Character Recognition (OCR) and Natural Language Processing (NLP) features by integrating Marvin GenAI tools. This innovation enhances NewgenONE's ability to process and analyse vast amounts of data efficiently, further empowering enterprises to make informed decisions.

Virender Jeet, CEO at Newgen Software, remarked, "Being recognised for the fifth consecutive year in the 2024 Gartner Magic Quadrant for Enterprise Low-Code Application Platforms (LCAP), we feel, is a testament to our unwavering commitment to innovation and excellence."

He further stated, "At Newgen, our mission is to drive transformative growth for businesses worldwide by simplifying complex workflows and embedding agility at the core of operations. We empower enterprises to not only navigate but thrive in the ever-evolving market and regulatory environments."

With its strong focus on innovation, Newgen Software continues evolving in the low-code application platform space. By enabling organisations to streamline operations and enhance productivity, Newgen empowers businesses to embrace digital transformation and remain competitive in a rapidly changing landscape.

As companies increasingly seek agile solutions to meet the demands of modern business, Newgen's focus on innovation and customer success provides a solid foundation for its ongoing development and potential recognition within the low-code application platform market.