Global Low Code Development Platform Market Overview
The Low Code Development Platform Market size was valued at USD 34,898.5 Million in 2024. The Low Code Development Platform industry is projected to grow from USD 44,333.1 Million in 2025 to USD 517,973.8 million by 2035, exhibiting a compound annual growth rate (CAGR) of 33.20% during the forecast period (2025-2035).
Digital Business Acceleration Driving Application Delivery and Elimination of Gaps in IT Skills are driving the growth of the market.
As per Analyst at MRFR, “The growing adoption of advanced technologies to create new customer experiences, business models, and internal capabilities has formed a huge base for digital businesses. The transformation of business with digital technologies, such as web designing, social media consulting, specializing in retailers, and business coaching, has increased over the past few years.”
FIGURE 1: LOW CODE DEVELOPMENT PLATFORM MARKET VALUE (2019-2035) USD Million
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Low Code Development Platform Market Opportunity
Digitization in IT Industry
There has been a rising demand for digital transformation and the adoption of advanced technologies among different industries across the globe. Many organizations have adopted advanced solutions to leverage disruptive technologies and deliver customer value, thereby enhancing productivity and business growth. Further, businesses have started creating a digital presence to attract the audience with the changing consumer preferences. Moreover, the high level of technological and scientific capacity development, high-quality access to the Internet, and wide information access have enabled highly developed countries to adopt the best digitalization technology. One of the ongoing trends responsible for the rising need for digitalization is the transformation in the finance and banking sector for online digital payments, online loan applications and digital credit application processes, and digital banking and open banking initiatives services. These services offered by the BFSI sector are anticipated to grow in future years. The other trends that will shape the future digital transformations include 5G technology, customer data platforms (CDP), multi-cloud, quantum computing, blockchain technology, Everything-as-a-Service (XaaS), and digital security. Henceforth, with the growing digitalization, businesses across different industries concentrate on simplifying work processes, enhancing profitability, and offering better services. Thus, the growing need for digitalization in different businesses is anticipated to form opportunities for the low code development platform market.
Low Code Development Platform Market Segment Insights
Low Code Development Platform Component Insights
By Component, the low code development platform is sub-categorized by Component into solution and services. Further, the solution segment has been bifurcated into mobile and web solutions. The services segment has been bifurcated into professional services, managed services. The solution segment is divided into mobile solutions and web solutions. The solution category has dominated the market because of the rising usage of low code development platforms across all verticals to reduce long-term operational expenses. The web application is the most well-known application development method, and it is often referred to as an organization's face. Organizations can use the low code development platform to deliver user-defined requirements and roll out required web-based apps efficiently. With the introduction of low code application development platforms, writing technical codes has lessened. Developers with the necessary skills can smoothly perform their regular tasks easily, creating unique web-based applications and adding to existing digital ecosystems.
FIGURE 2: LOW CODE DEVELOPMENT PLATFORM MARKET SHARE BY COMPONENT 2024 and 2035 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Low Code Development Platform Type Insights
By type, the low code development platform market has been further segmented into general-purpose platform, database app platform, process app platform, request handling platform, and others . These platforms can construct almost any type of application. One may create an app that meets a wide range of demands and can be launched anywhere using a general-purpose platform. General-purpose low code platforms can include creating the application's front-end or back-end depending on the demand.
Low Code Development Platform Deployment Insights
Based on deployment, the market is segmented into on-premises and cloud. The cloud segment is expected to witness growth more quickly over the forecast period owing to most market participants offering cloud-based low code development platforms. In addition, cloud-based application development provides increased scalability, 24/7 support, fast speed, and administrative capabilities. When compared to on-premises storage, cloud deployment is the most cost-effective option. The ability to access data stored in the cloud from numerous locations, with minimal support and inexpensive maintenance, pushes cloud adoption.
Low Code Development Platform Organization Size Insights
Based on organization size, the market is segmented into small and medium enterprise (SMEs) and large enterprises. The global market was dominated by large corporations, which earned more money. This is because large corporations have a lot larger budget to invest in a low code development platform to generate a large number of new applications in a shorter period for their operations. The low code application development platform has been fully adopted by large organizations such as BFSI, IT and telecom, retail, manufacturing, government, and healthcare. Low code development tools aid in increasing the organization's agility. Additionally, it reduces the complexity of the application development process.
Low Code Development Platform Vertical Insights
Based on vertical, the market has been segmented into retail and e-commerce, healthcare, media & entertainment, BFSI, IT & telecommunication, government, and others. The IT vertical generates the most revenue in the sector, which is projected to continue in the future. Several mobile and web applications and other third-party solutions are developed due to IT businesses' early adoption of new technology. As a result of the increased demand for new apps and third-party bundled solutions from various enterprises, these companies frequently suffer backlogs.
Low Code Development Platform Regional Insights
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, MRFR 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.
Low Code Development Platform Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Low Code Development Platform market grow even more. Market participants are also taking a range of strategic initiatives to grow their footprint globally, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Low Code Development Platform industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
In the competitive Low Code Development Platform industry, companies are driving innovation by developing integrated Low Code Development Platform solutions with strong compatibility and scalable connectivity options. According to MRFR analysis, the key players in the Low Code Development Platform sector include Microsoft, Salesforce.com Inc, Mendix Technology BV, Appian, OutSystem, Pegasystem Inc, ServiceNow, AgilepOint, Caspio Inc, Nintex UK ltd, Netcall, Zoho Corporation Pvt Ltd.
These companies continue to shape the market by innovating and expanding their Offering Type which include Product and Services. Established companies like Microsoft, Salesforce.com Inc and others have significant competitive advantages due to their strong brand recognition, extensive distribution networks, and substantial investments in technology and innovation.
Microsoft is one of the leading providers of software, services, devices, and solutions. Its products include operating systems, cross-device productivity applications, server applications, business solution applications, and desktop and server management tools. The company operates through three segments: productivity and business processes, intelligent cloud, and more personal computing. The productivity and business processes segment comprise products and services for communication and information technology. The company's productivity and business processes segment offers products and services related to communication and information technologies. Office 365 is its cloud-based service that provides access to office and other productivity services. The intelligent cloud segment offers private, public, and hybrid server products and cloud services. The more personal computing segment offers the windows operating system, devices, gaming platforms, and search engines. Microsoft offers its cloud data centers across 54 regions covering 140 countries. The company has a presence in more than 190 countries.
Key Companies in the Low Code Development Platform Market include
- Microsoft
- com Inc
- Mendix Technology BV
- Appian
- OutSystems
- PegaSystems Inc
- ServiceNow
- AgilePoint
- Caspio Inc
- Nintex UK Ltd
- Netcall
- Zoho Corporation Pvt Ltd
- Simplifier AG
- WaveMaker Inc
- Skyve
Low Code Development Platform Market Industry Developments
November 2021 : OutSystems unveiled the next generation of its visual development environment, Project Neo. Project Neo provides a lot more than just powerful development tools. It also automates DevOps processes, manages cloud runtime, auto-documents code, resolves code dependencies, performs regression testing, enforces code standards and keeps the entire project updated at a managed level.
September 2021: Appian announced the latest version of the Appian Low-Code Automation Platform. The new release makes building enterprise applications faster and more efficient through major enhancements in low-code data, complete automation functionality, user interface (UI) creation, and application deployment.
July 2021: Nintex announced the latest enhancements to Nintex K2 Five, its powerful low-code process automation on-premises software that IT professionals, app developers, and power users leverage to build powerful process and workflow applications with speed and ease.
June 2021: Salesforce introduced the next generation of Salesforce platforms, including a powerful set of low-code development tools that empower an organization, regardless of technical skill or role, to create and ship apps on a single platform.
Low Code Development Platform Market Segmentation
Low Code Development Platform Component Outlook
- Solution
- Mobile Solutions
- Web Solutions
- Service
- Professional Services
- Managed Services
Low Code Development Platform Type Outlook
- General Purpose Platform
- Database App Platform
- Process App Platform
- Request Handling Platform
- Others
Low Code Development Platform Deployment Outlook
- On-Premise
- On-Cloud
- Public Cloud
- Private Cloud
- Hybrid Cloud
Low Code Development Platform Organization Size Outlook
- Small and Medium Enterprise
- Large Enterprise
Low Code Development Platform Vertical Outlook
- Retail and E-Commerce
- Healthcare
- Media & Entertainment
- BFSI
- IT & Telecommunication
- Government
- Others
Low Code Development Platform Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East & Africa
- South America
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Attribute/Metric
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Details
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Market Size 2024
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USD 34,898.5 million
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Market Size 2025
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USD 44,333.1 million
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Market Size 2035
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USD 517,973.8 million
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Compound Annual Growth Rate (CAGR)
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33.20 % (2018-2035)
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Base Year
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2024
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Forecast Period
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2025-2035
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Historical Data
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2019-2023
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Forecast Units
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Value (USD Million)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Segments Covered
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Component, Type, Deployment, Organization Size, Vertical and Region
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Geographies Covered
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North America, Europe, Asia Pacific, Middle East & Africa, and South America
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Countries Covered
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The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil
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Key Companies Profiled
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Microsoft, Salesforce.com Inc, Mendix Technology BV, Appian, OutSystem, Pegasystem Inc, ServiceNow, AgilepOint, Caspio Inc, Nintex UK ltd, Netcall, Zoho Corporation Pvt Ltd.
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Key Market Opportunities
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· Digitization in IT Industry
· SaaS and Hyper Automation
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Key Market Dynamics
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· Digitalization Business Acceleration Driving Application Delivery
· Elimination of Gaps in Required IT Skills
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Low Code Development Platform Market Highlights:
Frequently Asked Questions (FAQ) :
USD 34,898.5 Million in 2024
Microsoft, Salesforce.com Inc, Mendix Technology BV, Appian, OutSystem, Pegasystem Inc, ServiceNow, AgilepOint, Caspio Inc, Nintex UK ltd, Netcall, Zoho Corporation Pvt Ltd.
The Solution Component dominated the market in 2024
