Global Low-Code Application Development Platform Market Size study, by Component, by Application Type, by Deployment Type, by Organization Size, by Industry and Regional Forecasts 2022-2032

Description

The Global Low-Code Application Development Platform Market was valued at approximately USD 27.75 billion in 2023 and is projected to expand with a robust CAGR of 28.10% over the forecast period 2024-2032. Low-code development is revolutionizing the software industry by enabling enterprises to build applications with minimal hand-coding, significantly reducing development time and cost. The surge in digital transformation initiatives, coupled with the pressing need for agile, scalable, and cost-effective software solutions, is driving the adoption of low-code platforms. Organizations worldwide are leveraging these platforms to bridge the IT skills gap, improve operational efficiency, and enhance customer experiences through rapid application deployment.

The Global Low-Code Application Development Platform Market is experiencing a surge in demand, fueled by several transformative factors. Enterprises are under mounting pressure to deliver innovative digital solutions at unprecedented speed, making traditional development methodologies increasingly inadequate. Low-code platforms provide a visual development environment that simplifies application creation, fostering collaboration between IT and business teams. Moreover, the increasing penetration of cloud computing and the growing trend of remote work have further catalyzed market growth. Key investments by tech giants and venture capitalists in low-code startups underscore the market's potential, with substantial funding directed toward the enhancement of AI-driven automation and integration capabilities within these platforms.

Key regional markets considered in this study include North America, Europe, Asia Pacific, Latin America, and the Rest of the World. North America currently dominates the low-code application development platform market, driven by the presence of leading tech companies, early adoption of advanced technologies, and a well-established digital infrastructure. The region's enterprises are increasingly deploying low-code solutions to expedite software development and streamline business operations. Meanwhile, Asia Pacific is expected to witness the fastest growth over the forecast period, propelled by rapid digitalization, increasing cloud adoption, and the growing demand for enterprise mobility solutions across emerging economies such as China, India, and Southeast Asia.

The Global Low-Code Application Development Platform Market presents a competitive landscape characterized by a mix of established players and emerging disruptors. Companies are focusing on expanding their product portfolios through strategic acquisitions and partnerships while heavily investing in research and development to integrate AI and machine learning capabilities into their platforms. Additionally, major market players are actively enhancing user experience by offering drag-and-drop functionalities, pre-built templates, and seamless third-party integrations, thereby driving greater adoption among enterprises of all sizes.

Major market players included in this report are:

Microsoft Corporation
Salesforce, Inc.
OutSystems
Mendix (a Siemens business)
Appian Corporation
Pegasystems Inc.
ServiceNow, Inc.
Oracle Corporation
Google LLC
IBM Corporation
Quick Base, Inc.
Kissflow Inc.
Zoho Corporation
Creatio
Kony, Inc. (Temenos)

The detailed segments and sub-segment of the market are explained below:

By Component:

Platform
Services

By Application Type:

By Deployment Type:

Cloud
On-Premises

By Organization Size:

Small & Medium Enterprises (SMEs)
Large Enterprises

By Industry:

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of MEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level insights into major regions.
Competitive landscape with information on key market players.
Analysis of key business strategies and recommendations on future market approaches.
Comprehensive study of market dynamics, growth factors, challenges, and opportunities.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Low-Code Application Development Platform Market Executive Summary

1.1. Global Low-Code Application Development Platform Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. {By Component, Application Type, Deployment Type, Organization Size, Industry}
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Low-Code Application Development Platform Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Low-Code Application Development Platform Market Dynamics

3.1. Market Drivers
- 3.1.1. Surge in Digital Transformation Initiatives
- 3.1.2. Demand for Agile and Scalable Software Solutions
- 3.1.3. Increased Adoption of Cloud Computing & Remote Work Trends
- 3.1.4. Bridging the IT Skills Gap
3.2. Market Challenges
- 3.2.1. Integration Complexities with Legacy Systems
- 3.2.2. Security and Compliance Concerns
- 3.2.3. High Initial Investment and Training Costs
3.3. Market Opportunities
- 3.3.1. AI-Driven Automation and Integration Capabilities
- 3.3.2. Enhanced Collaboration Between IT and Business Teams
- 3.3.3. Cost Efficiency and Faster Time-to-Market

Chapter 4. Global Low-Code Application Development Platform Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Low-Code Application Development Platform Market Size & Forecasts by Component 2022-2032

5.1. Segment Dashboard
5.2. Global Low-Code Application Development Platform Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Platform
- 5.2.2. Services

Chapter 6. Global Low-Code Application Development Platform Market Size & Forecasts by Application Type, Deployment Type, and Organization Size 2022-2032

6.1. Segment Dashboard
6.2. Global Low-Code Application Development Platform Market: {Application Type / Deployment Type / Organization Size} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Application Type
- 6.2.2. Deployment Type
- 6.2.3. Organization Size
  - 6.2.3.1. Small & Medium Enterprises (SMEs)
  - 6.2.3.2. Large Enterprises

Chapter 7. Global Low-Code Application Development Platform Market Size & Forecasts by Region 2022-2032

7.1. North America Market
- 7.1.1. U.S. Market
- 7.1.2. Canada Market
7.2. Europe Market
- 7.2.1. U.K. Market
- 7.2.2. Germany Market
- 7.2.3. France Market
- 7.2.4. Spain Market
- 7.2.5. Italy Market
- 7.2.6. Rest of Europe Market
7.3. Asia Pacific Market
- 7.3.1. China Market
- 7.3.2. India Market
- 7.3.3. Japan Market
- 7.3.4. Australia Market
- 7.3.5. South Korea Market
- 7.3.6. Rest of Asia Pacific Market
7.4. Latin America Market
- 7.4.1. Brazil Market
- 7.4.2. Mexico Market
- 7.4.3. Rest of Latin America Market
7.5. Middle East & Africa Market
- 7.5.1. Saudi Arabia Market
- 7.5.2. South Africa Market
- 7.5.3. Rest of MEA Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Microsoft Corporation
- 8.1.2. Salesforce, Inc.
- 8.1.3. OutSystems
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Microsoft Corporation
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Salesforce, Inc.
- 8.3.3. OutSystems
- 8.3.4. Mendix (a Siemens business)
- 8.3.5. Appian Corporation
- 8.3.6. Pegasystems Inc.
- 8.3.7. ServiceNow, Inc.
- 8.3.8. Oracle Corporation
- 8.3.9. Google LLC
- 8.3.10. IBM Corporation
- 8.3.11. Quick Base, Inc.
- 8.3.12. Kissflow Inc.
- 8.3.13. Zoho Corporation
- 8.3.14. Creatio
- 8.3.15. Kony, Inc. (Temenos)

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes