Global Low Code Development Platform Overview
Introduction:
Low code development platform is the development of applications and software by the means of graphical user interface (GUI) rather than conventional process of computer programming. The platforms are mainly based on creation and development of business processes, a user interfaces like web applications and database platforms. The low code development requires low or no coding techniques, which eventually reduces the time and cost for the development of the platform, which become advantageous to the business processes. It is a type of visual software development environments that allow enterprise and people to drag and drop application components, connect them together and create mobile or web apps. Before choosing platform, you have to check beyond the development speed and make sure that the platform employs standard technology and meets all other necessary operational requirements such as security, scalability, visual modeling etc. The global low code development platforms market accounted for US$ 16.3 billion in 2020 and is estimated to be US$ 160.90 billion by 2030 and is anticipated to register a CAGR of 26.0%.
Global Low Code Development Platform Dynamics
Rising demand of development platforms
Companies carry out the development of applications by using low code development platforms without huge investment in hiring development teams results in gaining popularity of platforms, which in turn drives the growth of the low code development platform market. In addition, enterprises and organizations worldwide are adopting the low code development platforms as the platform allows the business to integrate with the IT infrastructure, which results in increasing the adoption of technological changes. It also leads to the growth of the global low code development platform market. Further, increasing focus of application development and delivery (AD&D) professionals to develop customer-centric applications and for the ease of development of web and mobile apps are pushing organizations to use the low-code development platform solution, which in turn propels the growth of the global low code development platform market. Low code development platform has the ability to build more applications in less time which causes the reduction of costs and decreasing the need for more developers, which reduces hiring costs. This reduced cost supports the growth of the global low code development platform market.
However, some challenges such as customization and platform-related shortcomings are expected to restraint the growth of the low code development platform market over forecast period.
Global Low Code Development Platform Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global low code development platforms market is segmented based on component, application type, deployment model, organization size, vertical and region.
On the basis of component, the global low code development platforms market is segmented into solution and services (professional and managed). Based on the application, the target market is segmented into web based and mobile (IOS, Android, and Windows). On the basis of deployment model, the target market is divided into cloud and on-premises. By the organization size, the low code development platform is segmented into small and medium and large enterprises. Based on vertical, the target market is segmented into BFSI, government, healthcare and life sciences, education, media and entertainment, retail and e-commerce, manufacturing, telecom and IT, energy and utilities, and others.
Regional Insights:
The global low code development platforms market accounted for US$ 16.3 billion in 2020 and is estimated to be US$ 160.90 billion by 2030 and is anticipated to register a CAGR of 26.0%. On region the global low code development platforms market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to register highest revenue share in global low code development platform over the forecast period, due to the presence of large number of low code development platform providers in this region. Europe is also expected to grow over forecast period owing to the rising customer application demand. Asia Pacific expected to witness substantial growth owing to increasing investment in IT solutions and enhanced demand for mobile based-apps. In addition, the demand for low code development platform market is increasing in countries such as India, Japan, and China which results into offering immense growth opportunities in Asia Pacific region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Component- Solution and Services (Professional and Managed) By Application Type– Web Based and Mobile (IOS, Android, and Windows) By Deployment Type– Cloud and On-Premises By Organization Size- Small, Medium and Large Enterprise By Vertical- Banking, Financial Services and Insurance (BFSI), Government, Healthcare and Life Sciences, Education, Media & Entertainment, Retail and E-commerce, Manufacturing, Telecom & IT, Energy and Utilities, and Other |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global low code development platforms market report based on component, application type, deployment model, organization size, vertical and region.
Global Low Code Development Platforms Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Low Code Development Platform Key Players
The key players operating in the global low code development platforms market includes Bizagi Appian Corp., Appian, K2 Solution Inc., Salesforce.com, Inc., Caspio, MatsSoft Inc., AgilePoint, Mendix, ServiceNow and OutSystems.
Global Low Code Development Platform Company Profile
- Bizagi Appian Corp
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Appian
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- K2 Solution Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Salesforce.com, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Caspio
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- MatsSoft Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AgilePoint
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Mendix
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ServiceNow
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- OutSystems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Low Code Development Platform Table of Contents
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Component
- Market Snippet, By Application Type
- Market Snippet, By Deployment Model
- Market Snippet, By Organization Size
- Market Snippet, By Vertical
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Global Low Code Development Platform Market, By Component, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Solution
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Services
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Professional
- Overview
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
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- Managed
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- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Global Low Code Development Platform Market, By Application Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Web Based
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Mobile
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- IOS
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- IOS
- Overview
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- Android
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Android
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- Windows
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Windows
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- Global Low Code Development Platform Market, By Deployment Model, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Cloud
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- On Premises
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Low Code Development Platform Market, By Organization Size, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Small and Medium Enterprises
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Large Enterprises
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Low Code Development Platform Market, By Vertical, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Banking, Financial Services, and Insurance
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Government
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Healthcare and Life Sciences
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Education
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Media and Entertainment
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Retail and Ecommerce
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Manufacturing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Telecom and IT
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Energy and Utilities
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Low Code Development Platform Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Deployment Model, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Organization Size, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Vertical, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Deployment Model, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Organization Size, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Vertical, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Deployment Model, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Organization Size, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Vertical, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Deployment Model, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Organization Size, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Vertical, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Component, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Deployment Model, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Organization Size, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Vertical, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Bizagi Appian Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Appian
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- K2 Solution, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Salesforce.com, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Caspio
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- MatsSoft Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- AgilePoint
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Mendix
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- ServiceNow
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- OutSystems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Bizagi Appian Corp.
- Analyst Views
- Section
- Research Methodology
- About Us
- Contact
FAQs
The Global Low Code Development Platform Market report segments the market on the basis of component, application type, deployment model, organization size, vertical, and region.
Global low code development platform market is driven by popularity of these platforms. Since, companies can carry out the development of applications by using low code development platforms without huge investment in hiring development teams.
North America is estimated to account highest revenue share in global low code development platform over the forecast period.
The leading players operating in the Global Low Code Development Platform Market includes Bizagi, Appian, K2 Solution Inc., Salesforce.com, Inc., Caspio, Inc., MatsSoft Inc., AgilePoint, Inc. Mendix, ServiceNow and OutSystems.