Low-Code Development Platform Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	150 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224288

Best Price Guarantee
Price	from $4,850
Length	150 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224288

Low-Code Development Platform Market

Growth Factors of Low-code Development Platform Market

The low-code development platform market size was valued at USD 22.25 billion in 2023, and the market is now projected to grow from USD 28.75 billion in 2024 to USD 264.40 billion by 2032, exhibiting a CAGR of 32.0% during the forecast period of 2023-2030.

The COVID-19 pandemic created significant opportunities on the low-code development platform market growth. During the COVID-19 pandemic, the global market's volatility and instability due to related shut down led to a high demand for remote software development tools worldwide. The pandemic increased the requirement to automate processes and prioritize transformation ideas. It has generated an urgent demand for new online apps and services from private and public sectors.

The low-code development platform market share globally has been contributed due to the growing digital transformation across financial institutions. Through digital transformation, businesses seek to augment service quality and productivity by streamlining workflows. Utilizing low/no-code development, insurance companies can substantially reduce their IT investment costs, fast adaptation to changing environments, and enhance operational efficiency by decreasing skill gaps among employees. It has become indispensable for digital revolution; authorize development teams with greater autonomy and reducing resource expenditures.

The trend is growing demand for low code artificial intelligence to boost market expansion. The low-code artificial intelligence is rising as a transformative concept within AI technology for various applications and software development. Being acquainted with its potential benefits, numerous enterprises are investing in this platform.

Comprehensive Analysis of Low-code Development Platform Market

The low-code development platform market and information & communication technology industry is growing at an exponential rate due to its market segmentation. This market expansion effectively provides a thorough regional assessment considering the dominant supply and demand forces that impact the technology industry. These segmentations are methodically segregated by types of component, deployment, enterprise size, application type, and industry. Similarly, the application types are web & cloud based, mobile based, and desktop based. The component is bifurcated into platform and services. The enterprise size is small & medium enterprises and large enterprises. The deployments are cloud and on-premises. The industries are BFSI, healthcare, education, retail, IT and telecommunication, manufacturing, government, and others.

The North American region is conducive to the global low-code development platform market, leading to a recall of USD 7.58 billion due to early adoption of digital and intelligent technologies and the increasing numbers of SMEs investments in digital initiatives are boosting the platform demand.

The top players in the market play a vital role in the information & communication technology industry assuring industrial prospectus growth and setting market standards. These players are Appian Corporation (U.S.), Oracle Corporation (U.S.), Salesforce.com, Inc. (U.S.), OutSystems Inc. (U.S.), Microsoft Corporation (U.S.), Mendix Technology BV (Netherlands), Pegasystems Inc. (U.S.), Betty Blocks (Netherlands), ServiceNow Inc. (U.S.), and Zoho Corporation Pvt. Ltd. (India), these market players present a level-playing competitive landscape.

In January 2024, ServiceNow announced a five-year strategic partnership with Visa to reform payment services. The partnership launched ServiceNow Disputes Management, Built with Visa, and a reliable low code platform that acts as a disputes resolution solution for issuers.

Segmentation Table

Global Low-code Development Platform Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Growth Rate CAGR of 32.0% from 2024 to 2032

Segmentation By Component

Platform
Services

By Deployment

On-premises
Cloud

By Enterprise Size

Large Enterprise
SMEs

By Application Type

Web & Cloud Based
Mobile Based
Desktop Based

By Industry

BFSI
Healthcare
Education
IT and Telecommunication
Media and Entertainment
Manufacturing
Government
Retail
Others (Energy and Utilities)

By Region

North America (By Component, Deployment, Enterprise Size, Application Type, Industry, and Country)
U.S.
Canada
Mexico
South America (By Component, Deployment, Enterprise Size, Application Type, Industry, and Country)
Brazil
Argentina
Rest of South America
Europe (By Component, Deployment, Enterprise Size, Application Type, Industry, and Country)
U.K.
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe
Middle East & Africa (By Component, Deployment, Enterprise Size, Application Type, Industry, and Country)
Turkey
Israel
GCC
North Africa
South Africa
Rest of the Middle East & Africa
Asia Pacific (By Component, Deployment, Enterprise Size, y Application Type, Industry, and Country)
China
Japan
India
South Korea
ASEAN
Oceania
Rest of Asia Pacific

1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends; 3.3. Impact of Generative AI
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Global Low Code Development Platform Key Players Market Share/Ranking, 2023
5. Global Low Code Development Platform Market Size Estimates and Forecasts, By Segments, 2019-2032: 5.1. Key Findings; 5.2. By Component (USD); 5.2.1. Platform; 5.2.2. Services; 5.3. By Deployment (USD); 5.3.1. On-premises; 5.3.2. Cloud; 5.4. By Enterprise Size (USD); 5.4.1. Large Enterprises; 5.4.2. SMEs; 5.5. By Application Type (USD); 5.5.1. Web & Cloud Based; 5.5.2. Mobile Based; 5.5.3. Desktop Based; 5.6. By Industry (USD); 5.6.1. BFSI; 5.6.2. Healthcare; 5.6.3. Education; 5.6.4. IT and Telecommunication; 5.6.5. Media and Entertainment; 5.6.6. Manufacturing; 5.6.7. Government; 5.6.8. Retail; 5.6.9. Others; 5.7. By Region (USD); 5.7.1. North America; 5.7.2. South America; 5.7.3. Europe; 5.7.4. Middle East & Africa; 5.7.5. Asia Pacific
6. North America Low Code Development Platform Market Size Estimates and Forecasts, By Segments, 2019-2032: 6.1. Key Findings; 6.2. By Component (USD); 6.2.1. Platform; 6.2.2. Services; 6.3. By Deployment (USD); 6.3.1. On-premises; 6.3.2. Cloud; 6.4. By Enterprise Size (USD); 6.4.1. Large Enterprises; 6.4.2. SMEs; 6.5. By Application Type (USD); 6.5.1. Web & Cloud Based; 6.5.2. Mobile Based; 6.5.3. Desktop Based; 6.6. By Industry (USD); 6.6.1. BFSI; 6.6.2. Healthcare; 6.6.3. Education; 6.6.4. IT and Telecommunication; 6.6.5. Media and Entertainment; 6.6.6. Manufacturing; 6.6.7. Government; 6.6.8. Retail; 6.6.9. Others; 6.7. By Country (USD); 6.7.1. United States; 6.7.2. Canada; 6.7.3. Mexico
7. South America Low Code Development Platform Market Size Estimates and Forecasts, By Segments, 2019-2032: 7.1. Key Findings; 7.2. By Component (USD); 7.2.1. Platform; 7.2.2. Services; 7.3. By Deployment (USD); 7.3.1. On-premises; 7.3.2. Cloud; 7.4. By Enterprise Size (USD); 7.4.1. Large Enterprises; 7.4.2. SMEs; 7.5. By Application Type (USD); 7.5.1. Web & Cloud Based; 7.5.2. Mobile Based; 7.5.3. Desktop Based; 7.6. By Industry (USD); 7.6.1. BFSI; 7.6.2. Healthcare; 7.6.3. Education; 7.6.4. IT and Telecommunication; 7.6.5. Media and Entertainment; 7.6.6. Manufacturing; 7.6.7. Government; 7.6.8. Retail; 7.6.9. Others; 7.7. By Country (USD); 7.7.1. Brazil; 7.7.2. Argentina; 7.7.3. Rest of South America
8. Europe Low Code Development Platform Market Size Estimates and Forecasts, By Segments, 2019-2032: 8.1. Key Findings; 8.2. By Component (USD); 8.2.1. Platform; 8.2.2. Services; 8.3. By Deployment (USD); 8.3.1. On-premises; 8.3.2. Cloud; 8.4. By Enterprise Size (USD); 8.4.1. Large Enterprises; 8.4.2. SMEs; 8.5. By Application Type (USD); 8.5.1. Web & Cloud Based; 8.5.2. Mobile Based; 8.5.3. Desktop Based; 8.6. By Industry (USD); 8.6.1. BFSI; 8.6.2. Healthcare; 8.6.3. Education; 8.6.4. IT and Telecommunication; 8.6.5. Media and Entertainment; 8.6.6. Manufacturing; 8.6.7. Government; 8.6.8. Retail; 8.6.9. Others; 8.7. By Country (USD); 8.7.1. United Kingdom; 8.7.2. Germany; 8.7.3. France; 8.7.4. Italy; 8.7.5. Spain; 8.7.6. Russia; 8.7.7. Benelux; 8.7.8. Nordics; 8.7.9. Rest of Europe
9. Middle East & Africa Low Code Development Platform Market Size Estimates and Forecasts, By Segments, 2019-2032: 9.1. Key Findings; 9.2. By Component (USD); 9.2.1. Platform; 9.2.2. Services; 9.3. By Deployment (USD); 9.3.1. On-premises; 9.3.2. Cloud; 9.4. By Enterprise Size (USD); 9.4.1. Large Enterprises; 9.4.2. SMEs; 9.5. By Application Type (USD); 9.5.1. Web & Cloud Based; 9.5.2. Mobile Based; 9.5.3. Desktop Based; 9.6. By Industry (USD); 9.6.1. BFSI; 9.6.2. Healthcare; 9.6.3. Education; 9.6.4. IT and Telecommunication; 9.6.5. Media and Entertainment; 9.6.6. Manufacturing; 9.6.7. Government; 9.6.8. Retail; 9.6.9. Others; 9.7. By Country (USD); 9.7.1. Turkey; 9.7.2. Israel; 9.7.3. GCC; 9.7.4. North Africa; 9.7.5. South Africa; 9.7.6. Rest of MEA
10. Asia Pacific Low Code Development Platform Market Size Estimates and Forecasts, By Segments, 2019-2032: 10.1. Key Findings; 10.2. By Component (USD); 10.2.1. Platform; 10.2.2. Services; 10.3. By Deployment (USD); 10.3.1. On-premises; 10.3.2. Cloud; 10.4. By Enterprise Size (USD); 10.4.1. Large Enterprises; 10.4.2. SMEs; 10.5. By Application Type (USD); 10.5.1. Web & Cloud Based; 10.5.2. Mobile Based; 10.5.3. Desktop Based; 10.6. By Industry (USD); 10.6.1. BFSI; 10.6.2. Healthcare; 10.6.3. Education; 10.6.4. IT and Telecommunication; 10.6.5. Media and Entertainment; 10.6.6. Manufacturing; 10.6.7. Government; 10.6.8. Retail; 10.6.9. Others; 10.7. By Country (USD); 10.7.1. China; 10.7.2. Japan; 10.7.3. India; 10.7.4. South Korea; 10.7.5. ASEAN; 10.7.6. Oceania; 10.7.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases): 11.1. Appian Corporation; 11.1.1. Overview; 11.1.1.1. Key Management; 11.1.1.2. Headquarters; 11.1.1.3. Offerings/Business Segments; 11.1.2. Key Details (Key details are consolidated data and not product/service specific); 11.1.2.1. Employee Size; 11.1.2.2. Past and Current Revenue; 11.1.2.3. Geographical Share; 11.1.2.4. Business Segment Share; 11.1.2.5. Recent Developments; 11.2. Microsoft Corporation; 11.2.1. Overview; 11.2.1.1. Key Management; 11.2.1.2. Headquarters; 11.2.1.3. Offerings/Business Segments; 11.2.2. Key Details (Key details are consolidated data and not product/service specific); 11.2.2.1. Employee Size; 11.2.2.2. Past and Current Revenue; 11.2.2.3. Geographical Share; 11.2.2.4. Business Segment Share; 11.2.2.5. Recent Developments; 11.3. Salesforce.com, Inc.; 11.3.1. Overview; 11.3.1.1. Key Management; 11.3.1.2. Headquarters; 11.3.1.3. Offerings/Business Segments; 11.3.2. Key Details (Key details are consolidated data and not product/service specific); 11.3.2.1. Employee Size; 11.3.2.2. Past and Current Revenue; 11.3.2.3. Geographical Share; 11.3.2.4. Business Segment Share; 11.3.2.5. Recent Developments; 11.4. OutSystems Inc.; 11.4.1. Overview; 11.4.1.1. Key Management; 11.4.1.2. Headquarters; 11.4.1.3. Offerings/Business Segments; 11.4.2. Key Details (Key details are consolidated data and not product/service specific); 11.4.2.1. Employee Size; 11.4.2.2. Past and Current Revenue; 11.4.2.3. Geographical Share; 11.4.2.4. Business Segment Share; 11.4.2.5. Recent Developments; 11.5. Mendix Technology BV; 11.5.1. Overview; 11.5.1.1. Key Management; 11.5.1.2. Headquarters; 11.5.1.3. Offerings/Business Segments; 11.5.2. Key Details (Key details are consolidated data and not product/service specific); 11.5.2.1. Employee Size; 11.5.2.2. Past and Current Revenue; 11.5.2.3. Geographical Share; 11.5.2.4. Business Segment Share; 11.5.2.5. Recent Developments; 11.6. Oracle Corporation; 11.6.1. Overview; 11.6.1.1. Key Management; 11.6.1.2. Headquarters; 11.6.1.3. Offerings/Business Segments; 11.6.2. Key Details (Key details are consolidated data and not product/service specific); 11.6.2.1. Employee Size; 11.6.2.2. Past and Current Revenue; 11.6.2.3. Geographical Share; 11.6.2.4. Business Segment Share; 11.6.2.5. Recent Developments; 11.7. Pegasystems Inc.; 11.7.1. Overview; 11.7.1.1. Key Management; 11.7.1.2. Headquarters; 11.7.1.3. Offerings/Business Segments; 11.7.2. Key Details (Key details are consolidated data and not product/service specific); 11.7.2.1. Employee Size; 11.7.2.2. Past and Current Revenue; 11.7.2.3. Geographical Share; 11.7.2.4. Business Segment Share; 11.7.2.5. Recent Developments; 11.8. Betty Blocks; 11.8.1. Overview; 11.8.1.1. Key Management; 11.8.1.2. Headquarters; 11.8.1.3. Offerings/Business Segments; 11.8.2. Key Details (Key details are consolidated data and not product/service specific); 11.8.2.1. Employee Size; 11.8.2.2. Past and Current Revenue; 11.8.2.3. Geographical Share; 11.8.2.4. Business Segment Share; 11.8.2.5. Recent Developments; 11.9. ServiceNow Inc.; 11.9.1. Overview; 11.9.1.1. Key Management; 11.9.1.2. Headquarters; 11.9.1.3. Offerings/Business Segments; 11.9.2. Key Details (Key details are consolidated data and not product/service specific); 11.9.2.1. Employee Size; 11.9.2.2. Past and Current Revenue; 11.9.2.3. Geographical Share; 11.9.2.4. Business Segment Share; 11.9.2.5. Recent Developments; 11.10. Zoho Corporation Pvt. Ltd.; 11.10.1. Overview; 11.10.1.1. Key Management; 11.10.1.2. Headquarters; 11.10.1.3. Offerings/Business Segments; 11.10.2. Key Details (Key details are consolidated data and not product/service specific); 11.10.2.1. Employee Size; 11.10.2.2. Past and Current Revenue; 11.10.2.3. Geographical Share; 11.10.2.4. Business Segment Share; 11.10.2.5. Recent Developments
12. Key Takeaways