Press Releases

The low-code development platform market is projecting a 30.5% CAGR during the forecast period. Low-code development platforms save time owing to their drag-and-drop interface. Furthermore, every single process in low-code is visualized using a graphical interface, thus making everything easy to understand. Also, it facilitates the development of applications for developers as it reduces the task of writing non-technical codes. Moreover, the surge in digital transformation in the IT and telecom industry, increased adoption by SMEs due to its affordable cloud-based solutions, enhanced responsiveness towards businesses, reduced dependency on IT professionals, strict government norms, mounting need to automate workflows, and increased demand for customization and scalability will propel the market growth for the global low-code development platform industry. Thus the increased demand for software and web applications, surge in internet penetration, and increased need to grow web and mobile apps for business processes will further accelerate the growth of the market.

In April 2022, Salesforce and Slack launched New Low-Code Developer tools for Slack Integration. It is a new toolkit that allows developers to create customized Slack apps and draw core Salesforce functionality straight into Slack, such as actions, automation, and business insights. The Salesforce Platform for Slack toolset allows developers to quickly create Slack apps that link employees across the company, resulting in powerful digital HQs that help employees thrive in a work-from-anywhere environment.

The COVID-19 outbreak had a positive impact on the low-code development platform industry. Businesses are quickly deploying low-code platforms to adapt ERP systems to the challenges of remote operations.

Global Low-Code Development Platform Market Segmentation and Key Players

Browse 85 market data Tables and 50 Figures spread through 202 Pages and in-depth TOC on " Low-Code Development Platform Market by Offering (Solution (General Purpose, Mobile-First App, Database App, Process App, and Request Handling) and Service [Professional and Managed)), by Deployment Type (On-Premises and Cloud-Based), by Enterprise Size (Small & Medium Enterprise and Large Enterprise), by Vertical (Government, Healthcare, Education, Media and Entertainment, Retail, Energy and Utilities, Manufacturing, IT, BFSI, and Others), and Region - Global Forecast to 2030"

By vertical, the IT sector is propelled to have significant growth during the analysis period.

IT segment is expected to have significant growth during the forecast period as apps can be created, shared, and updated swiftly, thus enhances productivity and resource optimization. Also, IT companies have driven the low-code development platform market, as companies in this industry must develop several applications for themselves and their clients, whether for mobile internet or both.

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“North America contributes to the largest share in the Low-Code Development Platform Market.”

North America dominates the low-code development platform market as they are early adopters of advanced technology, presence of prominent key players, substantial R&D activities, acceptance of BYOD, and enterprise mobility will propel the growth in the region.

Some of the prominent industry players operating in the low-code development platform industry include Oracle Corporation, Salesforce.com Inc., Alphabet Inc., Caspio Inc., Kony Inc, Appian Corporation, Mendix Technology B.V., Outsystems Inc., AgilePoint Inc., Microsoft Corporation, MatsSoft Limited, and ServiceNow Inc.

Global Low-Code Development Platform Market Coverage

Offering Insight and Forecast 2025-2030

• Solution
  • General Purpose
  • Mobile-First App
  • Database App
  • Process App
  • Request Handling
• Service
  • Professional
  • Managed

Deployment Type Insight and Forecast 2025-2030

• On-Premises
• Cloud-Based

Enterprise Size Insight and Forecast 2025-2030

• Large Enterprises
• Small & Medium Enterprises

Vertical Insight and Forecast 2025-2030

• Government
• Healthcare
• Education
• Media and Entertainment
• Retail
• Energy and Utilities
• Manufacturing
• IT
• BFSI
• Others

Geographical Segmentation

Low-Code Development Platform Market by Region

North America

• By Offering
• By Deployment Type
• By Enterprise Size
• By Vertical
• By Country – U.S., Canada, and Mexico

Europe

• By Offering
• By Deployment Type
• By Enterprise Size
• By Vertical
• By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

Asia-Pacific (APAC)

• By Offering
• By Deployment Type
• By Enterprise Size
• By Vertical
• By Country – China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Offering
• By Deployment Type
• By Enterprise Size
• By Vertical
• By Country – Brazil, Saudi Arabia, South Africa, and Other Countries