By Region, the study provides market insights into North America, Europe, Asia-Pacific , Middle East and Africa and South America. North America includes the US, Canada, and Mexico. The market for low code development platforms is expected to be dominated by this region. Several important market companies are present in North America, providing minimal code development platforms and services to all end customers in the region. The implementation of low code development platforms and services is influenced by the geographical presence, considerable research and development (R&D) efforts, partnerships, and acquisitions and mergers.
Major suppliers such as Salesforce, Microsoft, Appian, and Pegasystems provide expanded low code development platforms and services to respond to customer needs, fueling the global market's growth in North America. Because of the increased acceptance of digital technologies, early adoption of sophisticated technologies, and the existence of significant low code development platform providers in the area, North America currently holds the largest share of the market.
Europe region includes the UK, Germany, France, and the rest of Europe. Due to the increasing deployment of web and mobile applications for commercial operations and expanding internet penetration, this region's low code development platform market is predicted to grow rapidly. Prices are falling due to the ability to produce more applications in less time. Low code development reduces the demand for additional developers and lowers the cost of hiring. And the appropriate low code technology will make everyone in the company more efficient, not just IT. Low code development enables for the development of more software in less time.
Low code adoption has been the slowest in Europe compared to other regions (74% in Europe compared to 77 % globally), but this varies greatly across countries.
Asia-Pacific comprises China, New Zealand, India, Southeast Asia, Japan, Australia, and the Rest of Asia-Pacific. This is due to the region's growing number of industry verticals and rapid digitalization. The region's overall market is expected to be driven by increasing industrialization and increased demand for strong solutions. Furthermore, with the rise of digital transformation, and organizational mobility, users can use the low code development platform to create a business application. The major contributors to the Low Code Development Platform Market are China, New Zealand, India, Southeast Asia, Japan, and Australia.
The market for low code development platforms is booming in China.
The market in the Middle East & Africa is expected to witness significant growth during the forecast period. The Middle East and Africa have the largest market share because a common benefit is that a broader range of people, not only those with specific programming abilities, will contribute to the development of the application. Low code development platforms can also save money on setup, preparation, execution, and maintenance. The main goal of a low code platform for developers is to ensure that they spend less time working on an application relative to conventional hand-coding.
The Middle East is projected to register a comparatively higher CAGR during the forecast period.
South America includes Brazil, Argentina, and the Rest of South America. The growth of the low code development platform market in South America is expected to show significant growth during the forecast period due to the use of the low code development platform is being driven due to various factors, such as the rapid increase in the need for digitization and a strong ecosystem developed for Agile and DevOps practices, removal of gaps in the required IT skills, and increasing need for rapid customization and scalability.
FIGURE 3: LOW CODE DEVELOPMENT PLATFORM MARKET VALUE BY REGION 2024 and 2035 (USD Million)
Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review
Further, the countries considered in the scope of the Low Code Development Platform Market are the US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.
