Low Code Development Platform Market Size, Share, Opportunities, And Trends By End-User (Small Enterprises, Medium Enterprises, Large Enterprises), By Application Type (Mobile Application, Web-Based, Desktop-Based), By Industry Application (Healthcare, BFSI, Energy And Petroleum, Retail And E-commerce, Education, Others), And By Geography - Forecasts From 2024 To 2029

The low code development platform market is anticipated to expand at a high CAGR over the forecast period.

Low-code platforms are software development platforms that allow users to construct programs with little hand-coding. They typically utilize visual interfaces, drag-and-drop components, and configuration rather than traditional programming languages. These platforms promise to expedite the application development process, minimize the need for human coding, and shorten software project timelines.

Low-code platforms provide a visual development environment in which users may build and customize apps using graphical interfaces. They often come with pre-built templates and components, which saves time and effort. Workflow automation enables users to create and automate business processes without writing sophisticated code.

Low-code platforms also provide interaction with other systems, databases, APIs, and services, resulting in smooth end-to-end processes. They can grow to meet organizational requirements, allowing users to start small and eventually build their applications. Low-code platforms empower non-technical people, allowing for efficient collaboration and contribution to software projects.

Low-code platforms speed application development, allowing for quicker innovation, cost savings, and stakeholder engagement, making them suitable for organizations looking to accelerate digital transformation, drive innovation, and stay competitive in today's fast-paced business climate.

Market Drivers

• Rising Demand for Digital Transformation is fueling the Low Code development platform market growth

Organizations are increasingly adopting digital transformation to improve competitiveness, operational efficiency, and customer experience. Low-code development platforms enable organizations to speed this process by allowing citizen developers and IT teams to swiftly design and deploy bespoke apps. These platforms feature visual development tools, pre-built templates, and reusable components, allowing for a fast market response.

Among various low-code platforms available in the market, Appian's low-code platform is one such platform. It is a low-code no-code tool that enables faster app development and reliable deployments. It is capable of satisfying the needs of even the most complex business applications. Another such product is Salesforce low code, it helps in the faster building of applications and also provides end-to-end automation across people, processes, and systems.

The low-code development platform market is expanding due to the increased need for digital transformation, as organizations use technology to drive innovation, agility, and consumer value. These platforms are expected to play an important role in attaining strategic goals and maintaining competitiveness.

• Shortage of Skilled Developers is contributing to the Low Code development platform market growth

Low-code development platforms address the global shortage of trained software engineers by allowing users with a variety of technical abilities to participate in application development. These platforms allow citizen developers who lack significant technical skills but have subject matter expertise to create unique apps without writing complex code. They include simple visual interfaces, drag-and-drop tools, and pre-built templates, enabling more individuals to engage in software development projects.

One of the products is Zoho Creator, a low-code platform that simplifies app creation and speeds up development by ten times. It can assist in accelerating your existing software development cycle by ten times. Guided scripting allows you to construct apps with a simple drag-and-drop interface and quickly automate your workflows and business processes.

Market Restraints

• Complex application requirements hamper the market growth

Low-code platforms thrive in quick application development for many use cases, but they may struggle to handle more complicated or specialized needs. Organizations with complex application requirements may discover that low-code platforms lack the flexibility and customization choices required to satisfy their unique needs, prompting them to explore alternate development methodologies.

The low code development platform market is segmented based on its applications-

The low code development platform market is segmented based on its various applications. Low-code platforms are software that may be deployed on-premises, in the cloud, or in hybrid settings based on an organization's infrastructure, security, and scalability requirements.

These systems cater to various user categories, including professional developers, citizen developers, business analysts, and IT professionals. Some are geared at skilled developers, while others prioritize simplicity of use for non-technical people.

Industry-specific platforms provide specialized features and templates for sectors such as healthcare, finance, manufacturing, and retail. Low-code platforms enable the creation of a variety of applications, such as online, mobile, desktop, and IoT solutions. Some platforms focus on certain application types or offer optimized templates and tools.

North America is anticipated to hold a significant share of the Low code development platform market.

The North American region is expected to have a sizable proportion of the Low code development platform market. North America, particularly the United States, has been an early adopter of technological developments, such as low-code development environments.

Organizations in the area have adopted low-code platforms to speed up application development, optimize business processes, and drive digital transformation projects. The region has a strong technological ecosystem, which includes a large number of software development businesses, technology startups, and IT experts.

The region's tech-savvy culture encourages creativity and experimentation, making it an ideal environment for the implementation of new technologies, such as low-code development platforms. Mendix, QuickBase, and other low-code platforms are well-known in the United States. Low-code platforms are becoming increasingly popular in North America as organizations prioritize digital transformation and expedite application development.Top of Form

Key Developments

• July 2023 - Zoho announced a strategic alliance with PwC India. This agreement combines Zoho's product range of over 55 products with PwC's demonstrated experience in delivering digital transformation strategy via advised and consultancy services. PwC India and Zoho would work together to help medium to big organizations in the nation speed up their digital transformation journeys, giving them a competitive advantage in the market.
• November 2021 – OutSystems, a global pioneer in low-code application development, announced a next-generation application platform that allowed development teams to create cutting-edge cloud apps. Today, over 14 million users utilize apps built on the OutSystems platform. Customers relied on OutSystems to create anything from mobile applications and consumer websites to workgroup apps and extensions for core systems like Microsoft, SAP, and Salesforce.

Company Products

• Appsheet – Google AppSheet, helps one to create sophisticated solutions that simplify work. No coding is required for the product. It collects detailed information utilizing forms, barcodes, locations, signatures, and photographs. It also allows you to customize the features, UX, security, and branding, which helps with process automation.
• Quickbase– Quickbase is a low-code platform that speeds up the development and deployment of enterprise-grade business applications, typically for teams within and across business units. It allows both professional coders and non-traditional developers to create and deploy these applications in days or weeks. It can decrease the work required for manual coding, allowing companies to swiftly deliver business agility and innovation where it is most needed.

Market Segmentation

• By End-User
  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises
• By Application Type
  • Mobile Application
  • Web-Based
  • Desktop-Based
• By Industry Application
  • Healthcare
  • BFSI
  • Energy and Petroleum
  • Retail and E-commerce
  • Education
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others