Low code development platform Companies

Competitive Landscape of the Low-Code Development Platform Market:

The global low-code development platform (LCDP) market is projected to experience significant growth in the coming years, driven by factors such as the increasing demand for rapid application development, shortage of skilled developers, and digital transformation initiatives across industries. This surge in popularity has attracted a diverse range of players, creating a dynamic and competitive landscape.

Key Players:

• Microsoft (US)


• Appian (US)


• Pegasystems Inc. (US)


• ServiceNow (California)

Strategies Adopted:

• Specialization: Players are focusing on specific industries or use cases to differentiate themselves and cater to the unique needs of their target audience.


• Partnerships: Collaborations with technology providers, system integrators, and consulting firms are increasing market reach and expanding capabilities.


• Cloud-based solutions: Offering cloud-based platforms simplifies deployment and scalability, attracting a wider audience.


• User-friendly interfaces: Focus on drag-and-drop functionalities and intuitive design to empower citizen developers and business users.


• Innovation: Continuous investment in research and development to enhance platform capabilities and introduce new features.

Market Share Analysis:

• Market size: The global LCDP market size is expected to reach $47.48 billion by 2028, growing at a CAGR of 30.9%.


• Regional distribution: North America and Europe are currently the largest markets, but Asia Pacific is expected to experience the fastest growth.


• Industry verticals: BFSI, healthcare, and retail are the key verticals driving market growth.

New and Emerging Companies:

• Several new entrants are emerging in the LCDP space, offering innovative solutions and niche functionalities.


• These companies are often focused on specific use cases, such as citizen development or building AI-powered applications.


• The influx of new players is contributing to the diversification and evolution of the LCDP landscape.

Current Company Investment Trends:

• Increased focus on artificial intelligence and machine learning capabilities to automate tasks and enhance platform intelligence.


• Integration with low-code development platforms and other enterprise software solutions to create a unified development environment.


• Investment in developing tools for specific use cases, such as mobile app development, process automation, and data visualization.


• Growing emphasis on building robust security features and complying with data privacy regulations.

Latest Company Updates:

October 2023 - OutSystems has unveiled GenAI for the low code development. The company is advancing in the high-performance, low-code application development through generative AI significantly. This leading application development firm announced novel updates & a developer cloud which will make it hassle-free for companies in driving ROI with a low code.

September 2023 - ServiceNow has lately unveiled the latest version of their low-code platform that has been designed for improving workflow productivity and offering latest automation tools to strengthen governance and security. This update has also integrated comprehensive solutions to automate crucial finance, healthcare, & talent transformation functions. The current release enables organizations in streamlining operations, improving efficiency, and driving innovation. With the latest automation features, businesses may effectively scale the digital transformation initiatives and adapting to the ever-growing global landscape. In fact, this development marks an important milestone in the company’s pledge for promoting digital innovation and delivering excellent user experience for their esteemed clients. By enhancing user experience and streamlining processes, ServiceNow aims in creating a highly effective environment for businesses. Above all, the approach will lead to significant cost reductions and time savings, reinforcing their commitment further to their client’s growth and success.

March 2023 - SAP will soon be adding novel governance feature for apps made on their no-code and low-code platform Build. The governance features in Build are intended for the IT teams for having control over apps created on their low-code platform as these will be accessed through multiple number of users in the organization.