Report Description

 

Forecast Period

2024-2029

Market Size (2023)

USD 11.9 Billion

CAGR (2024-2029)

25.6%

Fastest Growing Segment

Cloud

Largest Market

North America

 

Market Overview

Global Low-Code Development Platform Market was valued at USD 11.9 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 25.6% through 2029. The Global Low-Code Development Platform Market is witnessing significant growth, driven by the need for agile and efficient application development in today's rapidly evolving business landscape. Low-code development platforms provide a streamlined approach, allowing organizations to create applications with minimal hand-coding, reducing the traditional reliance on manual programming. This approach empowers both professional developers and business users with varying technical backgrounds to collaborate seamlessly in the application development process.

The market's surge is fueled by the growing demand for accelerated digital transformation and the need for quick adaptation to changing business requirements. Low-code platforms facilitate rapid prototyping, iteration, and deployment, enabling organizations to respond swiftly to market dynamics and customer expectations. Moreover, these platforms contribute to cost savings by minimizing the time and resources required for application development.

As businesses increasingly prioritize agility and innovation, the low-code development paradigm has gained traction across diverse industries. It allows organizations to overcome the challenges of traditional development methods, providing a more efficient way to build and deploy applications. With features like visual development interfaces and pre-built templates, low-code platforms democratize application development, making it accessible to a broader range of users. This market evolution underscores the transformative impact of low-code development platforms in driving digital innovation and enhancing business responsiveness.

Key Market Drivers

Accelerated Digital Transformation Initiatives

One of the primary drivers propelling the Global Low-Code Development Platform Market is the intensified focus on digital transformation initiatives by organizations across various industries. As businesses strive to stay competitive in the digital age, the demand for rapid application development solutions has surged. Low-code platforms, with their visual development interfaces and simplified coding processes, empower organizations to expedite the creation of custom applications. This agility is crucial in adapting to evolving market demands, enhancing customer experiences, and gaining a competitive edge. The ability of low-code platforms to facilitate faster prototyping and deployment aligns seamlessly with the imperative of accelerated digital transformation, positioning them as catalysts for organizational innovation and modernization.

Increased Need for Business Agility

In an era marked by rapid technological advancements and dynamic market conditions, the quest for business agility has become a paramount driver for the adoption of low-code development platforms. These platforms empower organizations to respond swiftly to changing business requirements by enabling both professional developers and business users to participate collaboratively in the application development process. The visual nature of low-code platforms allows users with varying technical expertise to contribute to the development cycle, reducing dependency on specialized coding skills. This democratization of the development process enhances agility, enabling businesses to quickly iterate, test, and deploy applications. As companies navigate an environment where agility is synonymous with resilience, low-code platforms play a pivotal role in fostering adaptive and responsive organizational cultures.

Cost-Efficiency and Resource Optimization

The Global Low-Code Development Platform Market is driven by the compelling need for cost-efficiency in application development. Traditional software development methodologies often entail significant time and resource investments, making them less responsive to rapidly changing business needs. Low-code platforms mitigate these challenges by offering a visual and intuitive development environment that reduces the reliance on extensive manual coding. The pre-built templates and reusable components provided by these platforms further streamline the development process, significantly cutting down on development time and associated costs. This cost-effectiveness makes low-code platforms an attractive option for organizations seeking efficient ways to build and deploy applications while optimizing resource utilization.

Growing Demand for Citizen Development

The surge in demand for citizen development, where employees outside the IT department actively contribute to application development, is a key driver shaping the Global Low-Code Development Platform Market. Low-code platforms empower business users with limited coding skills to participate in the creation of applications, breaking down traditional silos between IT and business departments. This democratization of development fosters a culture of collaboration and innovation within organizations, allowing business users to contribute directly to the development of solutions that address their unique needs. The rising importance of citizen development as a driver reflects the transformative impact of low-code platforms in making application development more inclusive and responsive to diverse user perspectives.

Bridging the IT Skills Gap

The scarcity of skilled IT professionals poses a significant challenge for organizations seeking to embark on digital transformation journeys. The Global Low-Code Development Platform Market addresses this challenge by providing a solution that reduces the dependency on specialized coding skills. Low-code platforms offer visual interfaces, drag-and-drop functionality, and pre-built components that enable users with varying technical backgrounds to participate in application development. This bridging of the IT skills gap is a critical driver, particularly in industries facing shortages of programming talent. By making application development more accessible, low-code platforms empower organizations to leverage a broader pool of talent, accelerating the pace of development and facilitating the execution of digital strategies even in the face of skill shortages.


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Key Market Challenges

Complexity and Scalability Concerns

A notable challenge facing the Global Low-Code Development Platform Market is the inherent complexity and scalability concerns associated with certain applications and projects. While low-code platforms excel in expediting the development of straightforward applications, they may encounter limitations when tackling complex, large-scale projects. As organizations increasingly rely on these platforms for mission-critical applications, concerns arise regarding their ability to handle intricate workflows, extensive integrations, and scalability requirements. Striking a balance between simplicity and the capacity to address complex enterprise needs remains a challenge for low-code platforms. The market's evolution hinges on addressing these concerns to ensure that low-code solutions can seamlessly scale to meet the diverse demands of enterprise-level applications without sacrificing efficiency or introducing unwarranted intricacies.

Integration Challenges with Legacy Systems

Integration challenges with existing legacy systems pose a significant hurdle for the Global Low-Code Development Platform Market. Many organizations operate with a legacy IT infrastructure comprising older applications and systems that may not seamlessly integrate with modern low-code solutions. Achieving interoperability between low-code platforms and legacy systems becomes crucial to maximize the benefits of digital transformation efforts. However, the diversity and complexity of legacy systems can impede smooth integration, leading to potential disruptions, data inconsistencies, and compatibility issues. Addressing these integration challenges is pivotal for the sustained growth of the low-code market, ensuring that organizations can leverage these platforms without compromising the functionality and stability of their existing IT landscapes.

Security and Compliance Risks

Security and compliance considerations represent a formidable challenge for the Global Low-Code Development Platform Market. As organizations entrust low-code platforms with the development of critical applications and sensitive data handling, ensuring robust security measures becomes imperative. The visual and user-friendly nature of low-code platforms may inadvertently lead to oversight in security protocols, potentially exposing applications to vulnerabilities. Additionally, compliance with industry regulations and data protection standards demands meticulous attention, especially in sectors such as finance, healthcare, and government. The challenge lies in establishing and maintaining a secure development environment within low-code platforms, implementing stringent access controls, and adhering to compliance standards to safeguard against data breaches and regulatory violations.

Perception and Cultural Shifts

A challenge for the Global Low-Code Development Platform Market is overcoming perception barriers and instigating cultural shifts within organizations. Traditional development approaches often instill a perception that low-code solutions are suitable only for simple or prototypical applications, sidelining them from more complex projects. Organizations need to recognize the capabilities of low-code platforms in handling diverse application development needs. Moreover, fostering a cultural shift towards embracing low-code development as a strategic and integral part of the overall IT strategy is crucial. This necessitates dispelling misconceptions, providing adequate training, and cultivating a mindset that views low-code platforms as empowering tools capable of driving innovation, agility, and collaboration across the entire spectrum of application development. The market's growth is intricately tied to its ability to transform organizational perceptions and facilitate a cultural shift towards embracing the full potential of low-code development.

Key Market Trends

Emphasis on Citizen Development

A prominent trend shaping the Global Low-Code Development Platform Market is the increasing emphasis on citizen development. Organizations are recognizing the value of enabling individuals outside the traditional IT department, often referred to as citizen developers, to actively contribute to application development. Low-code platforms, with their user-friendly interfaces and visual development tools, empower business users with varying technical backgrounds to participate in the creation of applications. This trend is fostering a more collaborative and inclusive approach to development, breaking down silos between IT and business departments. By democratizing the development process, low-code platforms are not only accelerating the pace of application delivery but also promoting innovation by leveraging the unique insights and expertise of individuals across the organization.

Integration of Artificial Intelligence (AI) and Machine Learning (ML)

The integration of artificial intelligence (AI) and machine learning (ML) capabilities into low-code development platforms is a transformative trend reshaping the market. Organizations are leveraging AI and ML functionalities to enhance the intelligence of applications developed on low-code platforms. This includes automating decision-making processes, predicting user behavior, and enabling applications to learn and adapt over time. The marriage of low-code development and AI/ML capabilities is driving innovation by enabling the creation of more intelligent and adaptive applications. This trend aligns with the broader industry shift towards infusing applications with advanced analytics and cognitive capabilities, positioning low-code platforms as catalysts for building the next generation of smart and responsive applications.

Proliferation of Industry-Specific Solutions

A notable trend in the Global Low-Code Development Platform Market is the proliferation of industry-specific solutions tailored to meet the unique needs of various sectors. Low-code platforms are evolving beyond generic development tools to offer industry-specific templates, pre-built components, and compliance frameworks. This trend is particularly evident in sectors such as healthcare, finance, and manufacturing, where specific regulatory requirements and operational nuances demand specialized solutions. By providing industry-focused offerings, low-code platforms are streamlining application development for organizations operating in specific verticals, accelerating time-to-market, and ensuring compliance with sector-specific standards.

Rise of Hybrid Low-Code Platforms

Hybrid low-code platforms, combining the benefits of low-code development with traditional coding capabilities, are gaining prominence as a trend in the market. These platforms cater to organizations seeking the flexibility to incorporate custom coding when necessary, while still benefiting from the speed and simplicity offered by low-code development. Hybrid low-code platforms provide a middle ground that accommodates both professional developers and business users, allowing them to collaborate seamlessly. This trend reflects a pragmatic approach to application development, acknowledging that certain scenarios may require more traditional coding practices, while embracing the efficiency gains of low-code methodologies in other instances.

Focus on User Experience (UX) Design

The increasing focus on enhancing user experience (UX) design is a significant trend influencing the Global Low-Code Development Platform Market. Organizations recognize the critical role of user-centric design in the success of applications. Low-code platforms are incorporating features that facilitate intuitive and visually appealing UX design, enabling developers to create applications that resonate with end-users. This trend aligns with the broader industry shift towards prioritizing user satisfaction and engagement. Low-code platforms are equipping developers with tools for easily creating responsive and user-friendly interfaces, ultimately contributing to the success and adoption of applications in an increasingly competitive digital landscape.

Segmental Insights

Component Insights

The platform segment overwhelmingly dominated the Global Low-Code Development Platform Market, and this dominance is anticipated to persist during the forecast period. The platform component constitutes the core technology that empowers users to visually design, develop, and deploy applications with minimal hand-coding, making it the cornerstone of the low-code development ecosystem. Low-code platforms provide a comprehensive environment equipped with visual development tools, pre-built templates, and a range of functionalities that facilitate rapid application development. Organizations across diverse industries are increasingly leveraging these platforms to streamline their application development processes, enabling both professional developers and business users to collaborate seamlessly. The platform segment's dominance is attributed to its pivotal role in democratizing application development, allowing a broader spectrum of users to participate in the creation of applications. As the demand for efficient and agile development solutions continues to rise, low-code platforms are expected to maintain their dominance, underscoring their significance in driving digital innovation and accelerating time-to-market for a myriad of applications across industries. The services segment, while essential for providing support, training, and customization, is secondary to the platform itself in terms of market dominance, as the core functionality and capabilities lie within the low-code development platforms.

Deployment Mode Insights

The cloud deployment mode emerged as the dominant force in the Global Low-Code Development Platform Market, and this dominance is projected to endure throughout the forecast period. The prevalence of cloud deployment is driven by the transformative benefits it offers to organizations, such as increased scalability, flexibility, accessibility, and cost-efficiency. Cloud-based low-code development platforms empower users to build and deploy applications from any location with internet access, fostering collaboration and enabling rapid iteration. This deployment mode aligns seamlessly with the modern trend of digital transformation, where organizations seek agile and scalable solutions to address dynamic business needs. The cloud segment's dominance signifies the growing preference for cloud-native architectures, which enhance the overall efficiency of application development processes. As organizations continue to prioritize the advantages of cloud-based solutions, the Global Low-Code Development Platform Market is poised to witness the sustained dominance of the cloud deployment mode, underscoring its role as a catalyst for driving innovation, reducing development timelines, and adapting to the evolving landscape of enterprise application development. While on-premises deployment remains a viable option for certain scenarios with specific security or compliance requirements, the scalability, accessibility, and collaborative potential offered by cloud deployment are expected to maintain its supremacy in the low-code development arena.

Application Type Insights

The mobile application type emerged as the dominant segment in the Global Low-Code Development Platform Market, and this dominance is anticipated to persist throughout the forecast period. The proliferation of smartphones and the increasing reliance on mobile applications across industries have fueled the demand for low-code development platforms that cater specifically to mobile app development. Organizations are prioritizing mobile applications to enhance customer engagement, streamline business processes, and stay competitive in the digital landscape. Low-code platforms offer a user-friendly and efficient environment for creating mobile apps, enabling both professional developers and business users to contribute to the development process. The mobile application segment's dominance reflects the growing significance of mobile-first strategies in today's business environment. As the mobile ecosystem continues to evolve with advancements in technology and user expectations, the demand for low-code development platforms tailored for mobile applications is expected to remain robust. While web-based and desktop/server applications maintain their relevance, the mobile segment's dominance underscores the industry's focus on delivering seamless and innovative user experiences through mobile platforms. The adaptability of low-code platforms to the specific requirements of mobile application development positions them as integral tools for organizations looking to capitalize on the mobile-centric trends shaping the digital landscape. As businesses increasingly prioritize mobile solutions to reach a broader audience and enhance user engagement, the mobile application segment is poised to maintain its dominance in the Global Low-Code Development Platform Market, driving accelerated development cycles and fostering a more inclusive approach to mobile app creation.


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Regional Insights

North America emerged as the dominant region in the Global Low-Code Development Platform Market, and this dominance is anticipated to persist throughout the forecast period. The region's leadership is attributed to several factors, including a robust technological infrastructure, a mature IT landscape, and a high adoption rate of digital transformation initiatives among enterprises. North American organizations have been at the forefront of leveraging low-code development platforms to accelerate application delivery, enhance agility, and respond swiftly to changing market demands. The region is home to a plethora of key players in the low-code market, contributing to a competitive and innovative landscape. Moreover, the proactive approach of North American enterprises towards embracing cutting-edge technologies aligns with the benefits offered by low-code platforms, positioning them as integral tools for digital innovation. As the demand for rapid application development and business process automation continues to surge, North America is expected to maintain its dominance in the low-code market. While other regions, such as Europe and Asia-Pacific, are witnessing increasing adoption of low-code development platforms, North America's established technological ecosystem, coupled with a culture of early technology adoption, positions it as a leader in driving the continued growth and evolution of the Global Low-Code Development Platform Market. The region's dominance is underscored by its ability to harness the transformative power of low-code platforms across diverse industries, including finance, healthcare, manufacturing, and beyond. As businesses across North America prioritize efficiency, innovation, and digital resilience, the adoption of low-code development platforms is poised to remain a pivotal component of their strategic IT initiatives, sustaining the region's leadership in the global landscape.

Recent Developments

  • In July 2023, a leading player in the Global Low-Code Development Platform Market, Google, unveiled an innovative series of AI-powered solutions aimed at transforming the landscape of application development. Leveraging advanced machine learning algorithms and sensors, these cutting-edge platforms empower developers and business users alike to streamline the application development process. Integrated seamlessly with the broader ecosystem of Low-Code Development Platforms, Google's offerings provide real-time insights, enhancing collaboration and decision-making in the development lifecycle. This marks a significant advancement in the integration of artificial intelligence into the low-code development arena, catering to the industry's increasing focus on efficiency and innovation.
  • In April 2023, another key player, Fitbit, made waves in the Low-Code Development Platform Market by introducing its latest line of IoT devices tailored for advanced application development. Equipped with state-of-the-art sensors and health algorithms, these wearables enable users to monitor various metrics crucial for efficient development, such as code quality, deployment success rates, and collaboration effectiveness. Fitbit's commitment to empowering developers resonates with the growing trend of user-centric application development and the integration of IoT technologies into the low-code ecosystem.
  • March 2023 witnessed Amazon's strategic move in the Low-Code Development Platform Market, launching an upgraded line of Echo devices seamlessly integrated with advanced technologies. These smart devices, with enhanced connectivity and intelligent automation capabilities, provide a transformative experience for developers working in smart home environments. The devices, equipped with improved sensors for environmental monitoring, facilitate the control of various aspects of the development environment effortlessly. Amazon's focus on intuitive user interfaces and enhanced functionalities aligns with the industry's increasing demand for interconnected and seamless development solutions.
  • In November 2023, Microsoft showcased its suite of IoT-enabled smart office solutions, signaling a paradigm shift in workplace productivity and efficiency. Utilizing IoT sensors, data analytics, and Low-Code Development Platforms, Microsoft's solutions optimize office spaces, automate routine development tasks, and enhance energy management. By providing real-time data on development environment occupancy, lighting, and climate control, Microsoft's smart office solutions enable businesses to create flexible, comfortable, and development-efficient workspaces. This development underscores the growing adoption of IoT technologies in commercial spaces, transforming traditional offices into intelligent, data-driven development environments.
  • In June 2023, SAMSUNG entered the Low-Code Development Platform Market with the launch of SmartThings Home Life. This comprehensive offering provides developers with an integrated and centralized control platform over the company's development appliances through smartphones. Incorporating the convenience of various SmartThings services, including development cooking, clothing care, energy optimization, home care, pet care, and air car development, SAMSUNG's SmartThings Home Life caters to the rising demand for a holistic and user-friendly approach to application development.

Key Market Players

  • Microsoft Corporation
  • Salesforce.com, Inc.
  • Google LLC
  • Appian Corporation
  • OutSystems
  • Mendix
  • Pegasystems Inc.
  • Oracle Corporation
  • SAP SE
  • IBM Corporation

By Component

By Deployment Mode

  By Application Type

By Vertical

By Region

  • Platform
  • Services
  • Cloud
  • On-Premises
  • Web-Based
  • Mobile
  • Desktop/Server
  • Banking & Financial Services & Insurance
  • Government
  • Healthcare and Life Sciences
  • Education
  • Media and Entertainment
  • Retail and Ecommerce
  • Manufacturing, Telecom and IT
  • Energy & Utilities
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Low-Code Development Platform Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Low-Code Development Platform Market, By Component:

o   Platform

o   Services

  • Low-Code Development Platform Market, By Deployment Mode:

o   Cloud

o   On-Premises

  • Low-Code Development Platform Market, By Application:

o   Web-Based

o   Mobile

o   Desktop/Server

  • Low-Code Development Platform Market, By Vertical:

o   Banking & Financial Services & Insurance

o   Government

o   Healthcare and Life Sciences

o   Education

o   Media and Entertainment

o   Retail and Ecommerce

o   Manufacturing, Telecom and IT

o   Energy & Utilities

o   Others

  • Low-Code Development Platform Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Indonesia

§  Vietnam

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

§  Peru

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Low-Code Development Platform Market.

Available Customizations:

Global Low-Code Development Platform market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Low-Code Development Platform Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Sources of Research

2.5.1.    Secondary Research

2.5.2.    Primary Research

2.6.  Approach for the Market Study

2.6.1.    The Bottom-Up Approach

2.6.2.    The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.    Data Triangulation & Validation

3.    Executive Summary

4.    Impact of COVID-19 on Global Low-Code Development Platform Market

5.    Voice of Customer

6.    Global Low-Code Development Platform Market Overview

7.    Global Low-Code Development Platform Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Application Type (Web-Based, Mobile, Desktop/Server)

7.2.2.    By Component (Platform, Services)

7.2.3.    By Deployment Mode (Cloud, On-Premises)

7.2.4.    By Vertical (Banking & Financial Services & Insurance, Government, Healthcare and Life Sciences, Education, Media and Entertainment, Retail and Ecommerce, Manufacturing, Telecom and IT, Energy & Utilities, Others)

7.2.5.    By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.  By Company (2023)

7.4.  Market Map

8.    North America Low-Code Development Platform Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Application Type

8.2.2.    By Component

8.2.3.    By Deployment Mode

8.2.4.    By Vertical

8.2.5.    By Country

8.3.  North America: Country Analysis

8.3.1.    United States Low-Code Development Platform Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Application Type

8.3.1.2.2.           By Component

8.3.1.2.3.           By Deployment Mode

8.3.1.2.4.           By Vertical

8.3.2.    Canada Low-Code Development Platform Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Application Type

8.3.2.2.2.           By Component

8.3.2.2.3.           By Deployment Mode

8.3.2.2.4.           By Vertical

8.3.3.    Mexico Low-Code Development Platform Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Application Type

8.3.3.2.2.           By Component

8.3.3.2.3.           By Deployment Mode

8.3.3.2.4.           By Vertical

9.    Europe Low-Code Development Platform Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Application Type

9.2.2.    By Component

9.2.3.    By Deployment Mode

9.2.4.    By Vertical

9.2.5.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Low-Code Development Platform Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Application Type

9.3.1.2.2.           By Component

9.3.1.2.3.           By Deployment Mode

9.3.1.2.4.           By Vertical

9.3.2.    France Low-Code Development Platform Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Application Type

9.3.2.2.2.           By Component

9.3.2.2.3.           By Deployment Mode

9.3.2.2.4.           By Vertical

9.3.3.    United Kingdom Low-Code Development Platform Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Application Type

9.3.3.2.2.           By Component

9.3.3.2.3.           By Deployment Mode

9.3.3.2.4.           By Vertical

9.3.4.    Italy Low-Code Development Platform Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Application Type

9.3.4.2.2.           By Component

9.3.4.2.3.           By Deployment Mode

9.3.4.2.4.           By Vertical

9.3.5.    Spain Low-Code Development Platform Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Application Type

9.3.5.2.2.           By Component

9.3.5.2.3.           By Deployment Mode

9.3.5.2.4.           By Vertical

9.3.6.    Belgium Low-Code Development Platform Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Application Type

9.3.6.2.2.           By Component

9.3.6.2.3.           By Deployment Mode

9.3.6.2.4.           By Vertical

10. South America Low-Code Development Platform Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Application Type

10.2.2. By Component

10.2.3. By Deployment Mode

10.2.4. By Vertical

10.2.5. By Country

10.3.            South America: Country Analysis

10.3.1. Brazil Low-Code Development Platform Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Application Type

10.3.1.2.2.         By Component

10.3.1.2.3.         By Deployment Mode

10.3.1.2.4.         By Vertical

10.3.2. Colombia Low-Code Development Platform Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Application Type

10.3.2.2.2.         By Component

10.3.2.2.3.         By Deployment Mode

10.3.2.2.4.         By Vertical

10.3.3. Argentina Low-Code Development Platform Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Application Type

10.3.3.2.2.         By Component

10.3.3.2.3.         By Deployment Mode

10.3.3.2.4.         By Vertical

10.3.4. Chile Low-Code Development Platform Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Application Type

10.3.4.2.2.         By Component

10.3.4.2.3.         By Deployment Mode

10.3.4.2.4.         By Vertical

10.3.5. Peru Low-Code Development Platform Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Application Type

10.3.5.2.2.         By Component

10.3.5.2.3.         By Deployment Mode

10.3.5.2.4.         By Vertical

11. Middle East & Africa Low-Code Development Platform Market Outlook

11.1.            Market Size & Forecast

11.1.1. By Value

11.2.            Market Share & Forecast

11.2.1. By Application Type

11.2.2. By Component

11.2.3. By Deployment Mode

11.2.4. By Vertical

11.2.5. By Country

11.3.            Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Low-Code Development Platform Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Application Type

11.3.1.2.2.         By Component

11.3.1.2.3.         By Deployment Mode

11.3.1.2.4.         By Vertical

11.3.2. UAE Low-Code Development Platform Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Application Type

11.3.2.2.2.         By Component

11.3.2.2.3.         By Deployment Mode

11.3.2.2.4.         By Vertical

11.3.3. South Africa Low-Code Development Platform Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Application Type

11.3.3.2.2.         By Component

11.3.3.2.3.         By Deployment Mode

11.3.3.2.4.         By Vertical

11.3.4. Turkey Low-Code Development Platform Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Application Type

11.3.4.2.2.         By Component

11.3.4.2.3.         By Deployment Mode

11.3.4.2.4.         By Vertical

11.3.5. Israel Low-Code Development Platform Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Application Type

11.3.5.2.2.         By Component

11.3.5.2.3.         By Deployment Mode

11.3.5.2.4.         By Vertical

12. Asia Pacific Low-Code Development Platform Market Outlook

12.1.            Market Size & Forecast

12.1.1. By Application Type

12.1.2. By Component

12.1.3. By Deployment Mode

12.1.4. By Vertical

12.1.5. By Country

12.2.            Asia-Pacific: Country Analysis

12.2.1. China Low-Code Development Platform Market Outlook

12.2.1.1.     Market Size & Forecast

12.2.1.1.1.         By Value

12.2.1.2.     Market Share & Forecast

12.2.1.2.1.         By Application Type

12.2.1.2.2.         By Component

12.2.1.2.3.         By Deployment Mode

12.2.1.2.4.         By Vertical

12.2.2. India Low-Code Development Platform Market Outlook

12.2.2.1.     Market Size & Forecast

12.2.2.1.1.         By Value

12.2.2.2.     Market Share & Forecast

12.2.2.2.1.         By Application Type

12.2.2.2.2.         By Component

12.2.2.2.3.         By Deployment Mode

12.2.2.2.4.         By Vertical

12.2.3. Japan Low-Code Development Platform Market Outlook

12.2.3.1.     Market Size & Forecast

12.2.3.1.1.         By Value

12.2.3.2.     Market Share & Forecast

12.2.3.2.1.         By Application Type

12.2.3.2.2.         By Component

12.2.3.2.3.         By Deployment Mode

12.2.3.2.4.         By Vertical

12.2.4. South Korea Low-Code Development Platform Market Outlook

12.2.4.1.     Market Size & Forecast

12.2.4.1.1.         By Value

12.2.4.2.     Market Share & Forecast

12.2.4.2.1.         By Application Type

12.2.4.2.2.         By Component

12.2.4.2.3.         By Deployment Mode

12.2.4.2.4.         By Vertical

12.2.5. Australia Low-Code Development Platform Market Outlook

12.2.5.1.     Market Size & Forecast

12.2.5.1.1.         By Value

12.2.5.2.     Market Share & Forecast

12.2.5.2.1.         By Application Type

12.2.5.2.2.         By Component

12.2.5.2.3.         By Deployment Mode

12.2.5.2.4.         By Vertical

12.2.6. Indonesia Low-Code Development Platform Market Outlook

12.2.6.1.     Market Size & Forecast

12.2.6.1.1.         By Value

12.2.6.2.     Market Share & Forecast

12.2.6.2.1.         By Application Type

12.2.6.2.2.         By Component

12.2.6.2.3.         By Deployment Mode

12.2.6.2.4.         By Vertical

12.2.7. Vietnam Low-Code Development Platform Market Outlook

12.2.7.1.     Market Size & Forecast

12.2.7.1.1.         By Value

12.2.7.2.     Market Share & Forecast

12.2.7.2.1.         By Application Type

12.2.7.2.2.         By Component

12.2.7.2.3.         By Deployment Mode

12.2.7.2.4.         By Vertical

13. Market Dynamics

13.1.            Drivers

13.2.            Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.            Microsoft Corporation

15.1.1. Business Overview

15.1.2. Key Revenue and Financials  

15.1.3. Recent Developments

15.1.4. Key Personnel/Key Contact Person

15.1.5. Key Product/Services Offered

15.2.            Salesforce.com, Inc.

15.2.1. Business Overview

15.2.2. Key Revenue and Financials  

15.2.3. Recent Developments

15.2.4. Key Personnel/Key Contact Person

15.2.5. Key Product/Services Offered

15.3.            Google LLC

15.3.1. Business Overview

15.3.2. Key Revenue and Financials  

15.3.3. Recent Developments

15.3.4. Key Personnel/Key Contact Person

15.3.5. Key Product/Services Offered

15.4.            Appian Corporation

15.4.1. Business Overview

15.4.2. Key Revenue and Financials  

15.4.3. Recent Developments

15.4.4. Key Personnel/Key Contact Person

15.4.5. Key Product/Services Offered

15.5.            OutSystems

15.5.1. Business Overview

15.5.2. Key Revenue and Financials  

15.5.3. Recent Developments

15.5.4. Key Personnel/Key Contact Person

15.5.5. Key Product/Services Offered

15.6.            Mendix

15.6.1. Business Overview

15.6.2. Key Revenue and Financials  

15.6.3. Recent Developments

15.6.4. Key Personnel/Key Contact Person

15.6.5. Key Product/Services Offered

15.7.            Pegasystems Inc.

15.7.1. Business Overview

15.7.2. Key Revenue and Financials  

15.7.3. Recent Developments

15.7.4. Key Personnel/Key Contact Person

15.7.5. Key Product/Services Offered

15.8.            Oracle Corporation

15.8.1. Business Overview

15.8.2. Key Revenue and Financials  

15.8.3. Recent Developments

15.8.4. Key Personnel/Key Contact Person

15.8.5. Key Product/Services Offered

15.9.            SAP SE

15.9.1. Business Overview

15.9.2. Key Revenue and Financials  

15.9.3. Recent Developments

15.9.4. Key Personnel/Key Contact Person

15.9.5. Key Product/Services Offered

15.10.         IBM Corporation

15.10.1.              Business Overview

15.10.2.              Key Revenue and Financials  

15.10.3.              Recent Developments

15.10.4.              Key Personnel/Key Contact Person

15.10.5.              Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Low-Code Development Platform Market was USD 11.9 Billion in 2023.

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The dominant segment by Application Type in the Global Low-Code Development Platform Market in 2023 was Mobile.

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North America stands as the dominant region in the Global Low-Code Development Platform Market.

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The Global Low-Code Development Platform Market is driven by the increasing demand for rapid application development, the growing emphasis on digital transformation, and the need for user-friendly platforms that enable both professional developers and non-technical users to contribute to the application development process efficiently.

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Sakshi Bajaal

Business Consultant
Press Release

Low-Code Development Platform Market Expands with Cloud Segment at a robust CAGR of 25.6%

Jan, 2024

The Global Low-Code Development Platform Market is rising due to the increasing demand for faster application development and automation, enabling organizations to streamline processes and respond qu