Low Code Development Platform Market By Component (Solution and Services (Professional and Managed)), By Application Type (Web Based and Mobile (IOS, Android, and Windows)), By Deployment Model (Cloud, and On- Premises), By Organization Size (Small and Medium, and Large Enterprises), By Vertical (Banking, Financial Services, and Insurance, Government, Healthcare and Life Sciences, Education, Media and Entertainment, Retail and Ecommerce, Manufacturing, Telecom and IT, Energy and Utilities, and Others), and By Region - Trends, Analysis and Forecast till 2030

Low code development platforms market accounted for USD 16.3 Billion in 2020 and is estimated to be USD 160.90 Billion by 2030 and is anticipated to register a CAGR of 26.0%.

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.

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.

The 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:

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.

Low Code Development Platforms Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

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.

• Bizagi Appian Corp
• Appian
• K2 Solution Inc.
• Salesforce.com, Inc.
• Caspio
• MatsSoft Inc.
• AgilePoint
• Mendix
• ServiceNow
• OutSystems