Low Code Development Platform Market, By Deployment Mode, By Enterprise Size, By Application Type, By Industry Vertical, By Geography

Description

The Low Code Development Platform Market is estimated to be valued at US$ 15.63 billion in 2024 and is expected to reach US$ 94.81 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 29.4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 15.63 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	29.40%	2031 Value Projection:	US$ 94.81 Bn

Figure. Low Code Development Platform Market Share (%), By Region, 2024

Low Code Development Platform Market - IMG1

The low code development platform market allows organizations to build application solutions through graphical user interfaces and visual drag-and-drop tools, eliminating the need for hand coding and decreasing the reliance on expensive custom and vendor software. It provides an easy way to handle different tasks like data integration, workflows, and business process management tasks. Low code platforms reduce the dependence on traditional software development and empower business users to build, modify, and deploy applications without writing complex code. This is particularly beneficial for small and medium enterprises having fewer specialized IT resources.

Market Dynamics:

The low code development platform market is primarily driven by the growing digital transformation across organizations and rising need to accelerate application development with minimal coding. It is favored by industries due to shorter time-to-market and lower costs compared to traditional custom software development methods. However, data security risks and lack of coding control pose significant challenges for this market. On the positive side, the increasing adoption of cloud-based low code platforms and incorporation of advanced capabilities like AI/ML, IoT, and AR/VR offer lucrative opportunities for market expansion.

Key features of the study:

This report provides in-depth analysis of the global low code development platform market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global low code development platform market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Appian Corporation, Betty Blocks, Creatio, LANSA, Mendix Technology BV, Microsoft Corporation, Oracle Corporation, OutSystems Inc., Pegasystems Inc., Quickbase, Salesforce, Inc., ServiceNow Inc., Zoho Corporation Pvt. Ltd., and AgilePoint Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global low code development platform market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global low code development platform market.

Detailed Segmentation-

By Deployment Mode
- Cloud
- On-premise
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By Application Type
- Web-based Application
- Mobile-based Application
- Desktop and Server-based Application
By Industry Vertical
- BFSI
- IT and Telecom
- Manufacturing
- Healthcare
- Retail and E-commerce
- Government
- Others
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Appian Corporation
- Betty Blocks
- Creatio
- LANSA
- Mendix Technology BV
- Microsoft Corporation
- Oracle Corporation
- OutSystems Inc.
- Pegasystems Inc.
- Quickbase
- Salesforce, Inc.
- ServiceNow Inc.
- Zoho Corporation Pvt. Ltd.
- AgilePoint Inc.

Product Code: CMI5222

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Deployment Mode
- Market Snippet, By Enterprise Size
- Market Snippet, By Application Type
- Market Snippet, By Industry Vertical
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Impact of COVID-19 Pandemic

4. Global Low Code Development Platform Market, By Deployment Mode, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Segment Trends
Cloud
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
On-premise
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Low Code Development Platform Market, By Enterprise Size, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Large Enterprises
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Small and Medium-sized Enterprises
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Low Code Development Platform Market, By Application Type, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Web-based Application
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Mobile-based Application
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Desktop and Server-based Application
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

7. Global Low Code Development Platform Market, By Industry Vertical, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
BFSI
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
IT and Telecom
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Manufacturing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Retail and E-commerce
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Government
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

8. Global Low Code Development Platform Market, By Region, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
North America
- Regional Trends
- Market Size and Forecast, By Deployment Mode, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Enterprise Size, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Industry Vertical, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.S.
  - Canada
  - Europe
- Regional Trends
- Market Size and Forecast, By Deployment Mode, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Enterprise Size, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Industry Vertical, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
  - Asia Pacific
- Regional Trends
- Market Size and Forecast, By Deployment Mode, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Enterprise Size, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Industry Vertical, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Latin America
- Regional Trends
- Market Size and Forecast, By Deployment Mode, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Enterprise Size, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Industry Vertical, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Middle East and Africa
- Regional Trends
- Market Size and Forecast, By Deployment Mode, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Enterprise Size, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Industry Vertical, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - South Africa
  - GCC Countries
  - Rest of the Middle East and Africa

9. Competitive Landscape

Company Profiles
- Appian Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Betty Blocks
- Creatio
- LANSA
- Mendix Technology BV
- Microsoft Corporation
- Oracle Corporation
- OutSystems Inc.
- Pegasystems Inc.
- Quickbase
- Salesforce, Inc.
- ServiceNow Inc.
- Zoho Corporation Pvt. Ltd.
- AgilePoint Inc.

10. Wheel of Fortune

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About us and Sales Contact