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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Low-Code Development Platform Market Size
The global low-code development platform market attained a value of about USD 33.37 billion in 2023. The market is further expected to grow at a CAGR of 25% during the forecast period of 2024-2032 to reach approximately USD 249.38 billion by 2032.
Low-Code Development Platform Market Report Snapshots
Low-Code Development Platform Market Size
Low-Code Development Platform Market Growth
Low-Code Development Platform Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of approximately USD 33.37 billion in 2024.
The market is projected to grow at a CAGR of 25% in the forecast period of 2025-2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach about USD 249.38 billion by 2034.
The market is being driven by the advantages of low-code development platforms in providing agility to operations and reducing operating costs and the increasing deployment of low-code development applications in small enterprises to streamline business operations.
Reduced operational costs of low-code development platforms, rising awareness regarding low-code development platforms, and deployment of low-code development platform in the healthcare sector, owing to the requirement of managing a large patient database, are the key trends of the market.
The major regional markets for low-code development platform are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The significant application types of low-code development platform are web-based, mobile-based, and desktop and server-based.
The leading deployment types include on-premise and cloud.
The major organisation sizes of low-code development platform include small and medium enterprises, and large enterprises.
The significant end uses of low-code development platform are BFSI, retail and e-commerce, government and defence, healthcare, information technology, energy and utilities, and manufacturing, among others.
The key players in the global low-code development platform market are Salesforce.com Inc., Microsoft Corporation, Oracle Corporation, Appian Corporation, and Zoho Corporation, among others.
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