What Does This Global Low-Code Development Platform Market Report Include?
Parameters | Values |
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Market Size and Forecast Years | 2021 to 2023 |
Compounded Average Growth Rate (CAGR) |
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Year-over-Year Growth Depiction | Included |
Market Opportunity Score | Included |
Market Dynamics or Impacting Factors | Included |
Market Dynamics Impact Analysis | Included |
PORTER’s Five Forces Analysis (in Brief) | Included (Detailed Analysis Can be included on Demand) |
Segments Included |
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Regions Included | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Included | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, BeNeLux, Russia, China, Japan, India, South Korea, Thailand, Indonesia, Malaysia, Australia, Brazil, Argentina, Saudi Arabia, UAE, Egypt, and South Africa |
Competitor Benchmarking | Included |
Company/Vendor Market Share Analysis | Included |
Key Development Analysis for top 5 Companies | Included |
Market Share Acquisition Key Strategies | Included |
Key Market Players | Salesforce, Microsoft, Appian, Oracle, Pegasystems, Magic Software Enterprises, AgilePoint, OutSystems, Zoho, and K2.
* This section is completely customizable upto 15 companies; you can share the list of companies you want us to profile and we will include them in the final report for you |
The global Low-Code Development Platform market size accounted for $12.78 Billion in 2022 growing at the CAGR of 29.56% from 2023 to 2033. This growth is attributed to several macros and microeconomic factors such as
- Growing necessity for speedy customization and scalability are the driving factor for Low-Code Development Platform
- Driver 2
Further several factors restraining the market growth include
- Restraining 1
- Restraining 2
Collaborations and Alliances in the Low-Code Development Platform market are expected to generate higher avenues during the forecast period.
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the Low-Code Development Platform market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
 In terms of COVID 19 impact, the Low-Code Development Platform market report also includes the following data points:
- Impact on Low-Code Development Platform market size
- End-User Trend, Preferences, and Budget Impact
- Regulatory Framework/Government Policies
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Low-Code Development Platform market
The global Low-Code Development Platform market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.
Our report covers extensive competitive intelligence which includes the following data points:
- Business Overview
- Business Segment Data
- Financial Data
- Product Segment Analysis and Specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
The report covers market sizing and forecasting at the country level as well as at the segment level. Low-Code Development Platform market is analyzed across the below-mentioned different segments:
- Application
- Web-based
- Mobile-based
- Desktop and Server-based
- Others
- Component
- Platform
- Service
- Industry
- BFSI
- Retail and eCommerce
- Government and Defense
- Healthcare
- IT
- Others
Low-Code Development Platform market is also analyzed across the below-mentioned regions/countries:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East & Africa
Some of the key players in Low-Code Development Platform market include:
- Salesforce
- Microsoft
- Appian
- Oracle
- Pegasystems
- Magic Software Enterprises
- AgilePoint
- OutSystems
- Zoho
- K2
REPORT CONTENT BRIEF:
- High-level analysis of the current and future market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- Low-Code Development Platform market estimates for 2020 and forecast from 2021 to 2028
- Vendor market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding has taken and investment is done, among others.
Target Audience
- Manufacturers
- Suppliers and traders
- Government, associations, and industrial bodies
- Investors and trade experts
- Consulting Firms or Individual Consultant
- Anyone interested in understanding the industry dynamics of Low-Code Development Platform market
Frequently Asked Questions (FAQ)
Low-code development platform Market size ?
The global low-code development platform market size is as follows:
- According to MarketsandMarkets, the market was valued at USD 13.2 billion in 2020 and is estimated to reach USD 45.5 billion by 2025
- Statista reports that the global low-code platform market revenue was valued at almost 22.5 billion U.S. dollars in 2022 and is forecast to reach approximately 32 billion U.S. dollars by 2025
- Grand View Research states that the global low-code development platform market was estimated at USD 6.78 billion in 2022 and is expected to reach USD 8.38 billion in 2023. The market is projected to grow at a compound annual growth rate (CAGR) of 22.9% from 2023 to 2030
- Mordor Intelligence estimates the market size at USD 16.17 billion in 2024, and it is expected to reach USD 62.15 billion by 2029, growing at a CAGR of 30.90%
- Fortune Business Insights projects that the global low-code development platform market will grow from $13.89 billion in 2021 to $94.75 billion by 2028 at a CAGR of 31.6%
What are Low-code development platform products
Low-code development platforms are software tools that enable developers to create applications with minimal coding. These platforms provide pre-built templates, drag-and-drop interfaces, and other tools that allow developers to quickly build applications for specific business needs. Some of the low-code development platform products offered by various manufacturers include:
- Salesforce Platform
- ServiceNow App Engine
- UiPath: Robotics Process Automation (RPA)
- OutSystems
- Appian
- Mendix
- Google App Maker
- Microsoft PowerApps
- Apps Script
- Kintone
Wholesale Low-code development platform ?
As a software tool, low-code development platforms are not typically offered as a standalone product for wholesale purchase. Instead, they are provided as a service by low-code development platform manufacturers. These manufacturers offer a wide range of low-code development platforms to help businesses accelerate software delivery by quickly building apps for specific business needs. Some of the leading low-code development platform manufacturers include Salesforce Platform, ServiceNow App Engine, UiPath: Robotics Process Automation (RPA), OutSystems, Appian, Mendix, Google App Maker, Microsoft PowerApps, Apps Script, and Kintone. These low-code development platforms are designed to help businesses optimize their software development processes, reduce costs, and improve efficiency.
Low-code development platform companies ?
Some of the leading low-code development platform companies include:
- Salesforce Platform
- ServiceNow App Engine
- UiPath: Robotics Process Automation (RPA)
- OutSystems
- Appian
- Mendix
- Google App Maker
- Microsoft PowerApps
- Kintone
These companies offer a wide range of low-code development platforms to help businesses accelerate software delivery by quickly building apps for specific business needs. Low-code platforms let developers work from existing templates and drag prebuilt elements, forms, and objects together to get a particular department or team the simple working app they need with a lot less hassle. These platforms are designed to serve both tech-savvy and average employees, democratizing access to simple app-building tools within a company. The low-code development platform market is expected to grow significantly, with a focus on enhancing the efficiency and precision of software development processes and addressing the increasing demand for digital transformation