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Low Code Development Platform Market

Low Code Development Platform Market Trend, Opportunity, and Forecast Analysis, 2024-2032

Low Code Development Platform Market is segmented by Application, Deployment, Organization size, End -Use, and by Region. KDMI analyst foresees market revenue to cross USD 53.80 Billion by 2032 by growing with a CAGR of 23.6% during 2024-2032.

Low Code Development Platform Market Highlights

The global low code development platform market is expected to cross a value of USD 53.80 billion by the end of 2032. The market was valued at USD 10.48 billion in 2023 and is expected to expand at a CAGR of 23.6% between 2024-2032.

Over the mid-term, the rise in need for digitalization and maturity of agile DevOps practices is the primary factor anticipated to drive the global low code development platform market.
The limited customization and flexibility of low code development platform is a major factor to challenge the market growth.
The North America low code development platform market is projected to dominate the global market

Low Code Development Platform Market: Report Scope
Base Year	2023
Base Year Market Size	USD 10.48 Billion
Forecast Year	2024-2032
Forecast Year Market Size	USD 53.80 Billion
CAGR Value	23.6%
Low Code Development Platform Market Key Trends/Major Growth Drivers	Growing Shortage of Traditional Software Developers Increasing Integrative Capabilities of Low Code Development Platform Rise in Need for Digitalization and Maturity of Agile DevOps Practices
Restraint Factors	Limited Customization and Flexibility of Low Code Development Platform Growing Concerns for Security and Compliance
Low Code Development Platform Market Segmentation	By Application By Deployment By Organization Size By End-Use By Geography
Low Code Development Platform Market Key Players	Appian, Creatio, LANSA, Mendix Technology BV, Microsoft, Oracle, OutSystems, Pegasystems Inc., Quickbase, Salesforce, Inc., ServiceNow, Zoho Corporation Pvt. Ltd., and others.

Low Code Development Platform Market Outlook

A low code development platform is a software tool or framework that enables users to build applications with minimal manual coding. These platforms provide visual interfaces, drag-and-drop components, and pre-built templates, allowing developers to create custom applications rapidly and with reduced complexity compared to traditional software development methods.

According to our experts at KD Market Insights, the rise in need for digitalization and maturity of agile DevOps practices is one of the primary factors associated with the growth of the global low code development platform market. Businesses across various industries are increasingly seeking ways to accelerate software development cycles to meet rapidly changing market demands. Low code development platforms offer a solution by enabling faster application development through visual interfaces and pre-built components, which is expected to drive the market growth. Appian, Creatio, and LANSA are some of the significant parties in the global market for low code development platform.

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Low Code Development Platform Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global low code development platform market are:

Growing Shortage of Traditional Software Developers: Businesses around the world are nowadays facing a shortage of conventional software developers those who have the skills to meet the demand for custom applications. By utilizing low code development platforms, citizen developers, business analysts and other non-technical users can easily create applications, without having any extensive coding knowledge. This, as a result, helps businesses to address the talent gap issues and also enhance their operational efficiency. Such a factor is therefore expected to drive the market growth in the coming years.
Increasing Integrative Capabilities of Low Code Development Platform: Modern day low code development platforms are having integrative capabilities, and hence, have support for emerging technologies, such as artificial intelligence (AI), internet of things (IoT), and machine learning (ML) among others. These platforms offer built-in connectors, APIs, and templates for integrating with AI/ML models, IoT devices, and other advanced technologies, enabling developers to build intelligent and connected applications. Such a factor is therefore predicted to drive the growth of the market in the coming years.

Which Probable Factors Could Hamper the Growing Low Code Development Platform Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of low code development platform are:

Limited Customization and Flexibility of Low Code Development Platform: Low code platforms prioritize ease of use and rapid development, often at the expense of flexibility and customization options. Organizations with highly specialized or unique requirements may find the capabilities of low code platforms insufficient to meet their needs, which is expected to lower the demand for these platforms, and in turn, hampering the market growth in the coming years.
Growing Concerns for Security and Compliance: Security vulnerabilities and compliance risks associated with low code development platforms pose significant concerns for organizations, particularly in industries with strict regulatory requirements such as healthcare, finance, and government. Lack of control over underlying code, data privacy issues, and vulnerabilities in third-party integrations is therefore predicted to hamper the adoption of these platforms.

How is the Global Low Code Development Platform Market Segmented?

Our experts at KD Market Insights have segmented the global low code development platform market as:

By Application	Web-based Mobile-based
By Deployment	Cloud On-premise
By Organization	SME Large Enterprise
By End-Use	BFSI Automotive & Manufacturing Retail Education IT & Telecom Transportation & Logistics Others
By Region	North America U.S. Canada Europe U.K. Germany France Italy Spain Russia Rest of Europe Asia-Pacific Japan China India Indonesia Malaysia Australia Rest of Asia-Pacific Latin America Mexico Argentina Rest of Latin America Middle East and Africa

What are the Probable Factors Influencing the North America Low Code Development Platform Market Forecast?

The North America low code development platform market is majorly driven by the surge in embracement among businesses for digital transformation to modernize their operations, drive innovation, as well as improve customer experiences. In addition to this, the region has been witnessing a shortage of skilled software developers, which is also expected to create opportunities for market growth. Besides this, the increasing emphasis on agile development and DevOps practices among businesses is also projected to add to the market growth in the coming years.

As per our analysts at KD Market Insights, the following five players lead the North America low code development platform market growth:

Microsoft Corporation (Power Apps)
Salesforce.com, Inc. (Salesforce Lightning Platform)
Google LLC (Google App Maker)
Mendix (a Siemens Business)
OutSystems

Key Countries to Watch for in North America Low Code Development Platform Market	Key Insights
United States Low Code Development Platform Market to Register the Largest Regional Market Share in 2032	USD 15.1 Billion
Canada Low Code Development Platform Market to Grow with the Highest CAGR During 2024-2032	24.2%

Which Key Players Top the Global Low Code Development Platform Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global low code development platform market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with low code development platform market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global low code development platform market share:

Appian
Creatio
LANSA
Mendix Technology BV
Microsoft
Oracle
OutSystems
Pegasystems Inc.
Quickbase
Salesforce, Inc.
ServiceNow
Zoho Corporation Pvt. Ltd.

What are the Recent Developments Observed in the Low Code Development Platform Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global low code development platform market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Deloitte shared that it has entered into a strategic alliance with Appian for modernizing mission systems for its clients within commercial, federal civilian, defense, and state and local government agencies.

Further, Appian announced that it has launched its new version of low-code automation platform. The new version delivers material business impact with unified, flexible, and fast enterprise automation.

Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Low Code Development Platform Market
3. Global Low Code Development Platform Market Trends
4. Opportunities in Global Low Code Development Platform Market
5. Recent Industry Activities, 2019
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Low Code Development Platform Market Size (USD Million), Growth Analysis and Forecast, (2019-2025)

9. Global Low Code Development Platform Market Segmentation Analysis, By Component
9.1. Introduction
9.2. Market Attractiveness, By Component
9.3. BPS Analysis, By Component
9.4. Solution Market Size & Forecast (USD Million), 2019-2025
9.5. Services Market Size & Forecast (USD Million), 2019-2025
9.5.1. Professional Market Size & Forecast (USD Million), 2019-2025
9.5.2. Managed Market Size & Forecast (USD Million), 2019-2025

10. Global Low Code Development Platform Market Segmentation Analysis, By Type
10.1. Introduction
10.2. Market Attractiveness, By Type
10.3. BPS Analysis, By Type
10.4. General Purpose Platform Market Size & Forecast (USD Million), 2019-2025
10.5. Database App Platform Market Size & Forecast (USD Million), 2019-2025
10.6. Mobile - First App Platform Market Size & Forecast (USD Million), 2019-2025
10.7. Process App Platform Market Size & Forecast (USD Million), 2019-2025
10.8. Request Handling Platform Market Size & Forecast (USD Million), 2019-2025

11. Global Low Code Development Platform Market Segmentation Analysis, By Deployment
11.1. Introduction
11.2. Market Attractiveness, By Deployment
11.3. BPS Analysis, By Deployment
11.4. Cloud Based Market Size & Forecast (USD Million), 2019-2025
11.5. On-premise Market Size & Forecast (USD Million), 2019-2025

12. Global Low Code Development Platform Market Segmentation Analysis, By End-Use Vertical
12.1. Introduction
12.2. Market Attractiveness, By End-Use Vertical
12.3. BPS Analysis, By End-Use Vertical
12.4. Telecom & Media
12.5. Retail
12.6. Healthcare Market Size & Forecast (USD Million), 2019-2025
12.7. BFSI Market Size & Forecast (USD Million), 2019-2025
12.8. Government Market Size & Forecast (USD Million), 2019-2025
12.9. Others Market Size & Forecast (USD Million), 2019-2025

13. Geographical Analysis
13.1. Introduction
13.2. North America Market Size (USD Million), 2019-2025
13.2.1. By Component
13.2.1.1. Introduction
13.2.1.2. Market Attractiveness, By Component
13.2.1.3. BPS Analysis, By Component
13.2.1.4. Solution Market Size & Forecast (USD Million), 2019-2025
13.2.1.5. Services Market Size & Forecast (USD Million), 2019-2025
13.2.1.5.1. Professional Market Size & Forecast (USD Million), 2019-2025
13.2.1.5.2. Managed Market Size & Forecast (USD Million), 2019-2025
13.2.2. By Type
13.2.2.1. Introduction
13.2.2.2. Market Attractiveness, By Type
13.2.2.3. BPS Analysis, By Type
13.2.2.4. General Purpose Platform Market Size & Forecast (USD Million), 2019-2025
13.2.2.5. Database App Platform Market Size & Forecast (USD Million), 2019-2025
13.2.2.6. Mobile - First App Platform Market Size & Forecast (USD Million), 2019-2025
13.2.2.7. Process App Platform Market Size & Forecast (USD Million), 2019-2025
13.2.2.8. Request Handling Platform Market Size & Forecast (USD Million), 2019-2025
13.2.3. By Deployment
13.2.3.1. Introduction
13.2.3.2. Market Attractiveness, By Deployment
13.2.3.3. BPS Analysis, By Deployment
13.2.3.4. Cloud Based Market Size & Forecast (USD Million), 2019-2025
13.2.3.5. On-premise Market Size & Forecast (USD Million), 2019-2025
13.2.4. By End-Use Vertical
13.2.4.1. Introduction
13.2.4.2. Market Attractiveness, By End-Use Vertical
13.2.4.3. BPS Analysis, By End-Use Vertical
13.2.4.4. Telecom & Media Market Size & Forecast (USD Million), 2019-2025
13.2.4.5. Retail Market Size & Forecast (USD Million), 2019-2025
13.2.4.6. Healthcare Market Size & Forecast (USD Million), 2019-2025
13.2.4.7. BFSI Market Size & Forecast (USD Million), 2019-2025
13.2.4.8. Government Market Size & Forecast (USD Million), 2019-2025
13.2.4.9. Others Market Size & Forecast (USD Million), 2019-2025
13.2.5. By Country
13.2.5.1. Market Attractiveness, By End-user
13.2.5.2. BPS Analysis, By End-User
13.2.5.3. U.S. Market Size (USD Million), 2019-2025
13.2.5.4. Canada Market Size (USD Million), 2019-2025

13.3. Europe Market Size (USD Million), 2019-2025
13.3.1. By Component
13.3.1.1. Introduction
13.3.1.2. Market Attractiveness, By Component
13.3.1.3. BPS Analysis, By Component
13.3.1.4. Solution Market Size & Forecast (USD Million), 2019-2025
13.3.1.5. Services Market Size & Forecast (USD Million), 2019-2025
13.3.1.5.1. Professional Market Size & Forecast (USD Million), 2019-2025
13.3.1.5.2. Managed Market Size & Forecast (USD Million), 2019-2025
13.3.2. By Type
13.3.2.1. Introduction
13.3.2.2. Market Attractiveness, By Type
13.3.2.3. BPS Analysis, By Type
13.3.2.4. General Purpose Platform Market Size & Forecast (USD Million), 2019-2025
13.3.2.5. Database App Platform Market Size & Forecast (USD Million), 2019-2025
13.3.2.6. Mobile - First App Platform Market Size & Forecast (USD Million), 2019-2025
13.3.2.7. Process App Platform Market Size & Forecast (USD Million), 2019-2025
13.3.2.8. Request Handling Platform Market Size & Forecast (USD Million), 2019-2025
13.3.3. By Deployment
13.3.3.1. Introduction
13.3.3.2. Market Attractiveness, By Deployment
13.3.3.3. BPS Analysis, By Deployment
13.3.3.4. Cloud Based Market Size & Forecast (USD Million), 2019-2025
13.3.3.5. On-premise Market Size & Forecast (USD Million), 2019-2025
13.3.4. By End-Use Vertical
13.3.4.1. Introduction
13.3.4.2. Market Attractiveness, By End-Use Vertical
13.3.4.3. BPS Analysis, By End-Use Vertical
13.3.4.4. Telecom & Media Market Size & Forecast (USD Million), 2019-2025
13.3.4.5. Retail Market Size & Forecast (USD Million), 2019-2025
13.3.4.6. Healthcare Market Size & Forecast (USD Million), 2019-2025
13.3.4.7. BFSI Market Size & Forecast (USD Million), 2019-2025
13.3.4.8. Government Market Size & Forecast (USD Million), 2019-2025
13.3.4.9. Others Market Size & Forecast (USD Million), 2019-2025
13.3.5. By Country
13.3.5.1. Market Attractiveness, By Country
13.3.5.2. BPS Analysis, By Country
13.3.5.3. Germany Market Size (USD Million), 2019-2025
13.3.5.4. United Kingdom Market Size (USD Million), 2019-2025
13.3.5.5. France Market Size (USD Million), 2019-2025
13.3.5.6. Italy Market Size (USD Million), 2019-2025
13.3.5.7. Spain Market Size (USD Million), 2019-2025
13.3.5.8. Russia Market Size (USD Million), 2019-2025
13.3.5.9. Rest of Europe Market Size (USD Million), 2019-2025

13.4. Asia Pacific Market Size (USD Million), 2019-2025
13.4.1. By Component
13.4.1.1. Introduction
13.4.1.2. Market Attractiveness, By Component
13.4.1.3. BPS Analysis, By Component
13.4.1.4. Solution Market Size & Forecast (USD Million), 2019-2025
13.4.1.5. Services Market Size & Forecast (USD Million), 2019-2025
13.4.1.5.1. Professional Market Size & Forecast (USD Million), 2019-2025
13.4.1.5.2. Managed Market Size & Forecast (USD Million), 2019-2025
13.4.2. By Type
13.4.2.1. Introduction
13.4.2.2. Market Attractiveness, By Type
13.4.2.3. BPS Analysis, By Type
13.4.2.4. General Purpose Platform Market Size & Forecast (USD Million), 2019-2025
13.4.2.5. Database App Platform Market Size & Forecast (USD Million), 2019-2025
13.4.2.6. Mobile - First App Platform Market Size & Forecast (USD Million), 2019-2025
13.4.2.7. Process App Platform Market Size & Forecast (USD Million), 2019-2025
13.4.2.8. Request Handling Platform Market Size & Forecast (USD Million), 2019-2025
13.4.3. By Deployment
13.4.3.1. Introduction
13.4.3.2. Market Attractiveness, By Deployment
13.4.3.3. BPS Analysis, By Deployment
13.4.3.4. Cloud Based Market Size & Forecast (USD Million), 2019-2025
13.4.3.5. On-premise Market Size & Forecast (USD Million), 2019-2025
13.4.4. By End-Use Vertical
13.4.4.1. Introduction
13.4.4.2. Market Attractiveness, By End-Use Vertical
13.4.4.3. BPS Analysis, By End-Use Vertical
13.4.4.4. Telecom & Media Market Size & Forecast (USD Million), 2019-2025
13.4.4.5. Retail Market Size & Forecast (USD Million), 2019-2025
13.4.4.6. Healthcare Market Size & Forecast (USD Million), 2019-2025
13.4.4.7. BFSI Market Size & Forecast (USD Million), 2019-2025
13.4.4.8. Government Market Size & Forecast (USD Million), 2019-2025
13.4.4.9. Others Market Size & Forecast (USD Million), 2019-2025
13.4.5. By Country
13.4.5.1. Market Attractiveness, By Country
13.4.5.2. BPS Analysis, By Country
13.4.5.3. China Market Size (USD Million), 2019-2025
13.4.5.4. India Market Size (USD Million), 2019-2025
13.4.5.5. Japan Market Size (USD Million), 2019-2025
13.4.5.6. South Korea Market Size (USD Million), 2019-2025
13.4.5.7. Indonesia Market Size (USD Million), 2019-2025
13.4.5.8. Taiwan Market Size (USD Million), 2019-2025
13.4.5.9. Australia Market Size (USD Million), 2019-2025
13.4.5.10. New Zealand Market Size (USD Million), 2019-2025
13.4.5.11. Rest of Asia Pacific Market Size (USD Million), 2019-2025

13.5. Latin America Market Size (USD Million), 2019-2025
13.5.1. By Component
13.5.1.1. Introduction
13.5.1.2. Market Attractiveness, By Component
13.5.1.3. BPS Analysis, By Component
13.5.1.4. Solution Market Size & Forecast (USD Million), 2019-2025
13.5.1.5. Services Market Size & Forecast (USD Million), 2019-2025
13.5.1.5.1. Professional Market Size & Forecast (USD Million), 2019-2025
13.5.1.5.2. Managed Market Size & Forecast (USD Million), 2019-2025
13.5.2. By Type
13.5.2.1. Introduction
13.5.2.2. Market Attractiveness, By Type
13.5.2.3. BPS Analysis, By Type
13.5.2.4. General Purpose Platform Market Size & Forecast (USD Million), 2019-2025
13.5.2.5. Database App Platform Market Size & Forecast (USD Million), 2019-2025
13.5.2.6. Mobile - First App Platform Market Size & Forecast (USD Million), 2019-2025
13.5.2.7. Process App Platform Market Size & Forecast (USD Million), 2019-2025
13.5.2.8. Request Handling Platform Market Size & Forecast (USD Million), 2019-2025
13.5.3. By Deployment
13.5.3.1. Introduction
13.5.3.2. Market Attractiveness, By Deployment
13.5.3.3. BPS Analysis, By Deployment
13.5.3.4. Cloud Based Market Size & Forecast (USD Million), 2019-2025
13.5.3.5. On-premise Market Size & Forecast (USD Million), 2019-2025
13.5.4. By End-Use Vertical
13.5.4.1. Introduction
13.5.4.2. Market Attractiveness, By End-Use Vertical
13.5.4.3. BPS Analysis, By End-Use Vertical
13.5.4.4. Telecom & Media Market Size & Forecast (USD Million), 2019-2025
13.5.4.5. Retail Market Size & Forecast (USD Million), 2019-2025
13.5.4.6. Healthcare Market Size & Forecast (USD Million), 2019-2025
13.5.4.7. BFSI Market Size & Forecast (USD Million), 2019-2025
13.5.4.8. Government Market Size & Forecast (USD Million), 2019-2025
13.5.4.9. Others Market Size & Forecast (USD Million), 2019-2025
13.5.5. By Country
13.5.5.1. Market Attractiveness, By Country
13.5.5.2. BPS Analysis, By Country
13.5.5.3. Brazil Market Size (USD Million), 2019-2025
13.5.5.4. Mexico Market Size (USD Million), 2019-2025
13.5.5.5. Rest of Latin America Market Size (USD Million), 2019-2025

13.6. Middle East & Africa Market Size (USD Million), 2019-2025
13.6.1. By Component
13.6.1.1. Introduction
13.6.1.2. Market Attractiveness, By Component
13.6.1.3. BPS Analysis, By Component
13.6.1.4. Solution Market Size & Forecast (USD Million), 2019-2025
13.6.1.5. Services Market Size & Forecast (USD Million), 2019-2025
13.6.1.5.1. Professional Market Size & Forecast (USD Million), 2019-2025
13.6.1.5.2. Managed Market Size & Forecast (USD Million), 2019-2025
13.6.2. By Type
13.6.2.1. Introduction
13.6.2.2. Market Attractiveness, By Type
13.6.2.3. BPS Analysis, By Type
13.6.2.4. General Purpose Platform Market Size & Forecast (USD Million), 2019-2025
13.6.2.5. Database App Platform Market Size & Forecast (USD Million), 2019-2025
13.6.2.6. Mobile - First App Platform Market Size & Forecast (USD Million), 2019-2025
13.6.2.7. Process App Platform Market Size & Forecast (USD Million), 2019-2025
13.6.2.8. Request Handling Platform Market Size & Forecast (USD Million), 2019-2025
13.6.3. By Deployment
13.6.3.1. Introduction
13.6.3.2. Market Attractiveness, By Deployment
13.6.3.3. BPS Analysis, By Deployment
13.6.3.4. Cloud Based Market Size & Forecast (USD Million), 2019-2025
13.6.3.5. On-premise Market Size & Forecast (USD Million), 2019-2025
13.6.4. By End-Use Vertical
13.6.4.1. Introduction
13.6.4.2. Market Attractiveness, By End-Use Vertical
13.6.4.3. BPS Analysis, By End-Use Vertical
13.6.4.4. Telecom & Media Market Size & Forecast (USD Million), 2019-2025
13.6.4.5. Retail Market Size & Forecast (USD Million), 2019-2025
13.6.4.6. Healthcare Market Size & Forecast (USD Million), 2019-2025
13.6.4.7. BFSI Market Size & Forecast (USD Million), 2019-2025
13.6.4.8. Government Market Size & Forecast (USD Million), 2019-2025
13.6.4.9. Others Market Size & Forecast (USD Million), 2019-2025
13.6.5. By Country
13.6.5.1. Market Attractiveness, By Country
13.6.5.2. BPS Analysis, By Country
13.6.5.3. GCC Market Size (USD Million), 2019-2025
13.6.5.4. North Africa Market Size (USD Million), 2019-2025
13.6.5.5. South Africa Market Size (USD Million), 2019-2025
13.6.5.6. Rest of Middle East & Africa Market Size (USD Million), 2019-2025

14. Competitive Landscape
14.1. Market Share of Key Players
14.2. Market Positioning of Major Players in Global Low Code Development Platform Market
14.3. Company Profiles
14.3.1. Appian
14.3.2. OutSystems
14.3.3. AgilePoint
14.3.4. Caspio
14.3.5. Mendix
14.3.6. MatsSoft Inc.,
14.3.7. Microsoft Corporation
14.3.8. Zoho Corporation Pvt. Ltd.
14.3.9. ServiceNow
14.3.10. SourceCode Technology Holdings, Inc.
14.3.11. Other Major & Niche Players

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Publication date: 5th April 2024
Base year: 2022
Forecast year: 2023-2033
Format: PDF, PPT,Word,Excel

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Frequently Asked Questions(FAQ)

The global low code development platform market is expected to cross a value of USD 53.80 billion by the end of 2032.

The global low code development platform market was valued at USD 10.48 billion in 2023.

Over the mid-term, the rise in need for digitalization and maturity of agile DevOps practices is the primary factor anticipated to drive the global low code development platform market.

The global low code development platform market is segmented by application, deployment, organization size, end-use and by geography.

The North America low code development platform market is projected to dominate the global market in 2032.

Some of the key players in the low code development platform market include Appian, Creatio, LANSA, Mendix Technology BV, Microsoft, and Oracle among others.