Product Code: GVR-4-68038-945-6
Low-Code Application Development Platform Market Growth & Trends:
The global low-code application development platform market size is anticipated to reach USD 101.68 billion by 2030, registering a CAGR of 22.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The process of digital transformation requires several new approaches and technologies. Thus, low-code application development platforms play a key role by minimizing the time and cost required in conventional software development processes. These platforms help enterprise employees engage in the development process, irrespective of their technical expertise, which enables them to accelerate business value.
Al is gaining traction in various end-use industries, such as manufacturing, healthcare, and retail. Software applications can be developed for end users with an AI-based low-code application platform. Various businesses invest in this platform owing to its multiple applications and possible advantages. For instance, in June 2023, Appian, low-code application development platform provider, announced that BAI Communications Australia (BAI), a company that designs, builds, and operates communications infrastructure, is using Appian's AI-powered process platform to digitize and optimize Site Access Management. This development is aimed at helping BAI ensure a broader shift in business processes, optimize operations and maximize ROI with a higher level of automation.
Scalability in low-code application development platforms ensures that the applications built on these platforms can easily adapt to the changing needs of businesses. These platforms allow multiple developers to build different use cases across teams and geographies to provide interconnected application portfolios. Moreover, the out-of-the-box characteristic of low-code development platforms delivers reusability, enabling repeated usage of pre-configured components, modules, and functionalities. These characteristics provide certain common core functions required for various applications and are reused to build other solutions, which significantly accelerates the software development process. It is essential for low-code development platform users to reuse newly built or pre-built modules, plug-ins, and entire applications to build necessary applications faster. Thus, the aforementioned factors collectively drive the growth of the market.
Low-Code Application Development Platform Market Report Highlights:
- Based on component, the services segment is anticipated to register the highest CAGR from 2024 to 2030. End-users are implementing low-code application development platform services to build custom, enterprise-grade software faster and more efficiently. Thus, driving the growth of the segment
- Based on application, the mobile segment is expected to grow at a significant CAGR in the forecast period. The rising popularity of Bring Your Own Device (BYOD) trend, and the growing use of mobile applications for a variety of tasks are driving the growth of the mobile-based application segment in the market. Moreover, users can create mobile applications that easily scale to hundreds of millions of users with the help of a low-code mobile application development platform
- Based on deployment, the cloud segment is anticipated to register a notable CAGR from 2024 to 2030. Cloud-based low-code application development platforms also offer benefits such as accelerated platform development, increased scalability, and remote services. Moreover, cloud computing is also used by businesses to streamline business administration processes. Thus, driving the growth of the segment
- The Asia Pacific region is expected to grow at the highest CAGR in the forecast period. The growth of the Asia Pacific low-code application development platform industry can be attributed to the significant penetration by global market players, supportive government initiatives for software industries, and the shift in end-user companies' focus toward optimizing their application development costs
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Low-Code Application Development Platform Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Low-Code Application Development Platform Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Low-Code Application Development Platform Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Low-Code Application Development Platform Market: Component Movement Analysis, USD Billion, 2023 & 2030
- 4.3. Platform
- 4.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Services
- 4.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Low-Code Application Development Platform Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Low-Code Application Development Platform Market: Application Movement Analysis, USD Billion, 2023 & 2030
- 5.3. Web Based
- 5.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Mobile Based
- 5.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Low-Code Application Development Platform Market: Deployment Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Low-Code Application Development Platform Market: Deployment Movement Analysis, USD Billion, 2023 & 2030
- 6.3. Cloud
- 6.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. On-premise
- 6.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Low-Code Application Development Platform Market: Organization Size Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Low-Code Application Development Platform Market: Organization Size Movement Analysis, USD Billion, 2023 & 2030
- 7.3. Small and Medium Enterprises
- 7.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4. Large Enterprises
- 7.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Low-Code Application Development Platform Market: Regional Estimates & Trend Analysis
- 8.1. Low-Code Application Development Platform Market Share by Region, 2023 & 2030 (USD Billion)
- 8.2. North America
- 8.2.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.2.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.2.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.2.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.2.6. U.S.
- 8.2.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.6.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.2.6.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.2.6.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.2.6.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.2.7. Canada
- 8.2.7.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.7.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.2.7.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.2.7.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.2.7.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.3.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.3.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.3.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.3.6. UK
- 8.3.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.6.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.3.6.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.3.6.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.3.6.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.3.7. Germany
- 8.3.7.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.7.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.3.7.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.3.7.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.3.7.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.3.8. France
- 8.3.8.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.8.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.3.8.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.3.8.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.3.8.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.4.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.4.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.4.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.4.6. China
- 8.4.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.6.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.4.6.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.4.6.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.4.6.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.4.7. India
- 8.4.7.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.7.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.4.7.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.4.7.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.4.7.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.4.8. Japan
- 8.4.8.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.8.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.4.8.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.4.8.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.4.8.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.4.9. Australia
- 8.4.9.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.9.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.4.9.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.4.9.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.4.9.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.4.10. South Korea
- 8.4.10.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.10.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.4.10.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.4.10.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.4.10.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.5. Latin America
- 8.5.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.5.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.5.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.5.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.5.6. Brazil
- 8.5.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.6.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.5.6.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.5.6.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.5.6.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.5.7. Mexico
- 8.5.7.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.7.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.5.7.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.5.7.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.5.7.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.6. Middle East & Africa
- 8.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.6.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.6.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.6.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.6.6. UAE
- 8.6.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.6.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.6.6.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.6.6.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.6.6.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.6.7. Saudi Arabia
- 8.6.7.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.7.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.6.7.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.6.7.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.6.7.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
- 8.6.8. South Africa
- 8.6.8.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.8.2. Market Size Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 8.6.8.3. Market Size Estimates and Forecasts by Application, 2018 - 2030 (USD Billion)
- 8.6.8.4. Market Size Estimates and Forecasts by Deployment, 2018 - 2030 (USD Billion)
- 8.6.8.5. Market Size Estimates and Forecasts by Organization Size, 2018 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Market Share Analysis
- 9.5. Company Heat Map Analysis
- 9.6. Strategy Mapping
- 9.6.1. Expansion
- 9.6.2. Mergers & Acquisition
- 9.6.3. Partnerships & Collaborations
- 9.6.4. New Product Launches
- 9.6.5. Research And Development
- 9.7. Company Profiles
- 9.7.1. Appian
- 9.7.1.1. Participant's Overview
- 9.7.1.2. Financial Performance
- 9.7.1.3. Product Benchmarking
- 9.7.1.4. Recent Developments
- 9.7.2. Betty Blocks
- 9.7.2.1. Participant's Overview
- 9.7.2.2. Financial Performance
- 9.7.2.3. Product Benchmarking
- 9.7.2.4. Recent Developments
- 9.7.3. Fujitsu
- 9.7.3.1. Participant's Overview
- 9.7.3.2. Financial Performance
- 9.7.3.3. Product Benchmarking
- 9.7.3.4. Recent Developments
- 9.7.4. LANSA INC.
- 9.7.4.1. Participant's Overview
- 9.7.4.2. Financial Performance
- 9.7.4.3. Product Benchmarking
- 9.7.4.4. Recent Developments
- 9.7.5. Mendix Technology BV
- 9.7.5.1. Participant's Overview
- 9.7.5.2. Financial Performance
- 9.7.5.3. Product Benchmarking
- 9.7.5.4. Recent Developments
- 9.7.6. Nintex UK Ltd
- 9.7.6.1. Participant's Overview
- 9.7.6.2. Financial Performance
- 9.7.6.3. Product Benchmarking
- 9.7.6.4. Recent Developments
- 9.7.7. Microsoft Corporation
- 9.7.7.1. Participant's Overview
- 9.7.7.2. Financial Performance
- 9.7.7.3. Product Benchmarking
- 9.7.7.4. Recent Developments
- 9.7.8. Oracle Corporation
- 9.7.8.1. Participant's Overview
- 9.7.8.2. Financial Performance
- 9.7.8.3. Product Benchmarking
- 9.7.8.4. Recent Developments
- 9.7.9. OutSystems
- 9.7.9.1. Participant's Overview
- 9.7.9.2. Financial Performance
- 9.7.9.3. Product Benchmarking
- 9.7.9.4. Recent Developments
- 9.7.10. Pegasystems Inc.
- 9.7.10.1. Participant's Overview
- 9.7.10.2. Financial Performance
- 9.7.10.3. Product Benchmarking
- 9.7.10.4. Recent Developments
- 9.7.11. Salesforce.com, Inc.
- 9.7.11.1. Participant's Overview
- 9.7.11.2. Financial Performance
- 9.7.11.3. Product Benchmarking
- 9.7.11.4. Recent Developments
- 9.7.12. ServiceNow
- 9.7.12.1. Participant's Overview
- 9.7.12.2. Financial Performance
- 9.7.12.3. Product Benchmarking
- 9.7.12.4. Recent Developments
- 9.7.13. TrackVia
- 9.7.13.1. Participant's Overview
- 9.7.13.2. Financial Performance
- 9.7.13.3. Product Benchmarking
- 9.7.13.4. Recent Developments
- 9.7.14. Tyler Technologies
- 9.7.14.1. Participant's Overview
- 9.7.14.2. Financial Performance
- 9.7.14.3. Product Benchmarking
- 9.7.14.4. Recent Developments
- 9.7.15. Zoho Corporation Pvt. Ltd.
- 9.7.15.1. Participant's Overview
- 9.7.15.2. Financial Performance
- 9.7.15.3. Product Benchmarking
- 9.7.15.4. Recent Developments