Global Low-code Development Platform Market is valued approximately USD 5.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 22.9% over the forecast period 2022-2028. A low-code development platform offers a development environment for creating application software using a graphical user interface. A low-coded platform may generate fully functional apps or may need further coding for certain scenarios. The increase can be attributed to enterprises' rising interest in digital transformation and automation of their business operations. The rising necessity for solutions to automate company activities to be deployed quickly has opened the path for the adoption of low-code development platforms. These platforms provide building pieces that business users and IT developers may utilise to assemble into workflows and applications without the need for hand-coding. The growing customer preference for low-code development has necessitated the development of better methods for scaling apps and educating users, whether professional developers or company employees, about these solutions. Pegasystems Inc., for example, announced new Pega Platform templates, services, and training courses in May 2022 to assist citizen developers in quickly and effectively creating low-code apps. Low-code platforms are becoming an important aspect of current cloud platforms in many enterprises, allowing them to improve their strategy while reducing cost and complexity. Mendix on IBM Cloud, App Maker on Google Cloud Platforms, and PowerApps on Microsoft are some well-known low-code platforms from major public cloud providers. However, Dependency on vendor supplied customization impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Low-code Development Platform Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America emerged as the market leader due to the region's strong presence of many prominent businesses that are primarily focused on the creation of new goods. With the rising inclusion of low-code platforms in the area, particularly in China, Asia Pacific is predicted to achieve the greatest CAGR from 2022 to 2030. Several local suppliers across all main sectors are leveraging these platforms to expedite application delivery, grow developer taskforces, reduce operational costs, and boost innovation. Mendix, for example, is utilised by a number of Chinese enterprises, including CIMC Vehicles, SAIC Motor, and Maxnerva Technology Services.
Major market players included in this report are:
Appian
Creatio
LANSA
Mendix Technology BV
Microsoft
Oracle
OutSystems
Pegasystems Inc.
Quickbase
Salesforce, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application Type:
Web-based
Mobile-based
By Deployment Type:
Cloud
On-Premise
By Organization Size:
SME
Large Enterprise
By End-use:
BFSI
Automotive & Manufacturing
Retail
Education
IT & Telecom
Transportation & Logistics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Low-code Development Platform Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Low-code Development Platform Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Low-code Development Platform Market, by Application Type, 2020-2028 (USD Billion)
- 1.2.3. Low-code Development Platform Market, by Deployment Type, 2020-2028 (USD Billion)
- 1.2.4. Low-code Development Platform Market, by Organization Size, 2020-2028 (USD Billion)
- 1.2.5. Low-code Development Platform Market, by End Use, 2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Low-code Development Platform Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Low-code Development Platform Market Dynamics
- 3.1. Low-code Development Platform Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing interest of organizations toward digital transformation and automation of their business processes.
- 3.1.1.2. Increasing consumer proclivity toward low-code development
- 3.1.2. Market Challenges
- 3.1.2.1. Dependency on vendor supplied customization
- 3.1.3. Market Opportunities
- 3.1.3.1. Technological improvements in Low-code Development Platform
Chapter 4. Global Low-code Development Platform Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Low-code Development Platform Market, by Application Type
- 6.1. Market Snapshot
- 6.2. Global Low-code Development Platform Market by Application Type, Performance - Potential Analysis
- 6.3. Global Low-code Development Platform Market Estimates & Forecasts by Application Type 2018-2028 (USD Billion)
- 6.4. Low-code Development Platform Market, Sub Segment Analysis
- 6.4.1. Web-based
- 6.4.2. Mobile-based
Chapter 7. Global Low-code Development Platform Market, by Deployment Type
- 7.1. Market Snapshot
- 7.2. Global Low-code Development Platform Market by Deployment Type, Performance - Potential Analysis
- 7.3. Global Low-code Development Platform Market Estimates & Forecasts by Deployment Type 2018-2028 (USD Billion)
- 7.4. Low-code Development Platform Market, Sub Segment Analysis
- 7.4.1. Cloud
- 7.4.2. On-Premise
Chapter 8. Global Low-code Development Platform Market, by Organization Size
- 8.1. Market Snapshot
- 8.2. Global Low-code Development Platform Market by Organization Size, Performance - Potential Analysis
- 8.3. Global Low-code Development Platform Market Estimates & Forecasts by Organization Size 2018-2028 (USD Billion)
- 8.4. Low-code Development Platform Market, Sub Segment Analysis
- 8.4.1. SME
- 8.4.2. Large Enterprise
Chapter 9. Global Low-code Development Platform Market, by End use
- 9.1. Market Snapshot
- 9.2. Global Low-code Development Platform Market by End Use, Performance - Potential Analysis
- 9.3. Global Low-code Development Platform Market Estimates & Forecasts by End Use 2018-2028 (USD Billion)
- 9.4. Low-code Development Platform Market, Sub Segment Analysis
- 9.4.1. BFSI
- 9.4.2. Automotive & Manufacturing
- 9.4.3. Retail
- 9.4.4. Education
- 9.4.5. IT & Telecom
- 9.4.6. Transportation & Logistics
- 9.4.7. Others
Chapter 10. Global Low-code Development Platform Market, Regional Analysis
- 10.1. Low-code Development Platform Market, Regional Market Snapshot
- 10.2. North America Low-code Development Platform Market
- 10.2.1. U.S. Low-code Development Platform Market
- 10.2.1.1. Application Type breakdown estimates & forecasts, 2018-2028
- 10.2.1.2. Deployment Type breakdown estimates & forecasts, 2018-2028
- 10.2.1.3. Organization Size breakdown estimates & forecasts, 2018-2028
- 10.2.1.4. End Use breakdown estimates & forecasts, 2018-2028
- 10.2.2. Canada Low-code Development Platform Market
- 10.3. Europe Low-code Development Platform Market Snapshot
- 10.3.1. U.K. Low-code Development Platform Market
- 10.3.2. Germany Low-code Development Platform Market
- 10.3.3. France Low-code Development Platform Market
- 10.3.4. Spain Low-code Development Platform Market
- 10.3.5. Italy Low-code Development Platform Market
- 10.3.6. Rest of Europe Low-code Development Platform Market
- 10.4. Asia-Pacific Low-code Development Platform Market Snapshot
- 10.4.1. China Low-code Development Platform Market
- 10.4.2. India Low-code Development Platform Market
- 10.4.3. Japan Low-code Development Platform Market
- 10.4.4. Australia Low-code Development Platform Market
- 10.4.5. South Korea Low-code Development Platform Market
- 10.4.6. Rest of Asia Pacific Low-code Development Platform Market
- 10.5. Latin America Low-code Development Platform Market Snapshot
- 10.5.1. Brazil Low-code Development Platform Market
- 10.5.2. Mexico Low-code Development Platform Market
- 10.6. Rest of The World Low-code Development Platform Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Appian
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Application Type Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Creatio
- 11.2.3. LANSA
- 11.2.4. Mendix Technology BV
- 11.2.5. Microsoft
- 11.2.6. Oracle
- 11.2.7. OutSystems
- 11.2.8. Pegasystems Inc.
- 11.2.9. Quickbase
- 11.2.10. Salesforce, Inc.
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption