PUBLISHER: The Business Research Company | PRODUCT CODE: 1513198
PUBLISHER: The Business Research Company | PRODUCT CODE: 1513198
No-code development platforms are software tools designed to enable users to create apps or software solutions without the need for traditional programming code. These platforms aim to democratize software development by making it accessible to individuals and teams with varying technical expertise. They often accelerate the development process, reduce costs, and enable organizations to innovate and iterate more rapidly.
The key components of no-code development platforms include platforms and services. These platforms offer users simple interfaces and tools for creating applications without coding, typically featuring drag-and-drop functionality, pre-built templates, and visual workflows to simplify the creation process. They can be deployed on-premises or in the cloud and are utilized by organizations of various sizes, including large enterprises and small to medium-sized enterprises (SMEs). These platforms are used across various applications, including desktop and server-based, mobile-based, and web-based solutions, and find application in industries such as construction, oil and gas, manufacturing, banking and financial services, retail and e-commerce, real estate, healthcare, and others.
The no-code development platforms market research report is one of a series of new reports from The Business Research Company that provides no-code development platforms market statistics, including the no-code development platforms industry global market size, regional shares, competitors with no-code development platforms market share, detailed no-code development platforms market segments, market trends, and opportunities, and any further data you may need to thrive in the no-code development platforms industry. These no-code development platforms market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The no-code development platforms market size has grown exponentially in recent years. It will grow from $22.11 billion in 2023 to $28.11 billion in 2024 at a compound annual growth rate (CAGR) of 27.1%. The growth in the historic period can be attributed to an increase in the demand for reduced IT backlog, a rise in the adoption of no-code development platforms, growing demand for hyper-automation, integration with third-party services and APIs, and increased adoption of cloud computing.
The no-code development platforms market size is expected to see exponential growth in the next few years. It will grow to $73.84 billion in 2028 at a compound annual growth rate (CAGR) of 27.3%. The growth in the forecast period can be attributed to the rising need for digital transformation, rapid growth in retail and e-commerce channels, increasing construction activities and projects, growing demand for enhanced mobility, and the rising need for rapid application development (RAD) solutions. Major trends in the forecast period include advancements in technology, the expansion of low-code features, integration with AI and machine learning capabilities, enhancements in drag-and-drop interfaces, and integration with blockchain technology.
The increasing demand for digital transformation is set to drive the growth of the no-code development platforms market in the future. Digital transformation involves integrating digital technology into all aspects of business, fundamentally changing how it operates and delivers value to customers. This demand stems from trends such as remote work, data-driven decision-making, and the pursuit of operational efficiency. As businesses rapidly respond to market shifts through digital transformation, no-code platforms enable non-technical personnel to create apps and automate processes without coding knowledge. This streamlines app development, addresses IT talent shortages, and aligns with the fast pace of digital transformation. For example, a survey called 'Mind the Tech Gap' conducted by Boston Consulting Group (BCG) in November 2022 among approximately 2,700 executives in 13 countries indicated that up to 60% of enterprises plan to increase their investments in digital transformation by 2023, despite a global economic downturn. Hence, the growing need for digital transformation is fueling the growth of the no-code development platforms market.
Key players in the no-code development platform market are concentrating on developing innovative solutions such as centralized workspaces to facilitate easy creation and customization of AI-driven applications and workflows. A centralized workspace refers to a unified environment where users can access, collaborate, and manage all aspects of their application development projects from a single platform or dashboard. For instance, Creatio, a US-based vendor of software for workflow automation and CRM with no-code development, introduced Creatio Copilot in March 2024. This tool offers simple, no-code interfaces for defining workflows, automating processes, and designing apps without requiring coding skills. It simplifies campaign flow design by allowing users to describe their intended campaign, which Copilot organizes based on past campaigns and best practices. Copilot helps companies generate compelling content for emails and landing pages by updating text and visuals according to the provided descriptions, aligning with customer preferences, and including personalized product recommendations.
In February 2021, SAP, a Germany-based software company, acquired AppGyver Oy for an undisclosed sum. This acquisition strengthens SAP's position in the no-code development platform market, enabling the company to offer a comprehensive suite of application development tools to a diverse range of customers, including business users and IT teams. AppGyver Oy is a Finland-based developer of a no-code app development platform that delivers applications for both web and mobile use.
Major companies operating in the no-code development platforms market are SAP SE, ServiceNow Inc., Pegasystems Inc., Hexaware Technologies Limited, Zoho Corporation, Quickbase Inc., Webflow Inc., Creatio, Caspio Inc., Glide, Appy Pie, Kissflow Inc., AppSheet, Airtable, Knack, Kintone Corporation, Bubble Group Inc., Betty Blocks, Thunkable Inc., Kianda Technologies, Bravo Studio, Landbot, Adalo, Clappia, Unqork
North America was the largest region in the no-code development platforms market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the no-code development platforms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the no-code development platforms market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The no-code development platforms market includes revenues earned by entities by providing services such as app development, workflow automation, database integration, analytics and monitoring, training, and support. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
No-Code Development Platforms Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on no-code development platforms market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for no-code development platforms? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The no-code development platforms market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.