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Global Low-Code Development Platform Market to Grow at a CAGR of 25% During 2024-2032, Aided by the Rising Demand for Digitisation of Business Operations Amidst COVID-19

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Global Low-Code Development Platform Market Size, Forecast: By Application Type: Web-based, Mobile-based, Desktop and Server-based; By Deployment Type: On-premise, Cloud; By Organisation Size: Small and Medium Enterprises, Large Enterprises; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Low-Code Development Platform Market Outlook

The global low-code development platform market attained a value of about USD 33.37 billion in 2023. The market is further expected to grow at a CAGR of 25% during the forecast period of 2024-2032 to reach approximately USD 249.38 billion by 2032.

Global Low-Code Development Platform Market

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Low-Code Development Platform Deployed to Streamline Business Operations Boosting the Market Growth

The low-code development industry is a significant growth contributing segment of the overall IT industry. In the modern era, with technology taking over all business operations, low-code development is being increasingly utilised in particularly small and medium enterprises, owing to characteristics, such as enhanced speed, and low costs involved in the development process. With innovations in technology every day and the scarcity of an established IT network in small businesses, low-code technologies are being deployed to accelerate operations as a means of developing websites or applications for wide reach. This is expected to invigorate the market growth over the forecast period. Furthermore, low-code development software encourages increased business agility by allowing businesses to constantly renovate their applications due to its speedy nature and easy to operate characteristics. Furthermore, the versatility of low-code programming allows developers to access the software from the ease of smartphones or desktops, which further strengthens the industry growth in small enterprises.

Low-Code Development Platform: Market Segmentation

A low-code development platform is a method of providing building blocks to IT users to develop software with minimal coding. It offers a streamlined way to take control of the software development process and can be applied in a variety of end-use industries.

Global Low Code Development Platform Market by Segment

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On the basis of application, the market can be segmented into:

Web-based
Mobile-based
Desktop and Server-based

The market, based on deployment type, can be divided into:

On-premise
Cloud

Based on organisation size, the market can be categorised into:

Small and Medium Enterprises
Large Enterprises

On the basis of end use, the market segmentations include:

BFSI
Retail and E-commerce
Government and Defence
Healthcare
Information Technology
Energy and Utilities
Manufacturing
Others

The EMR report looks into the regional markets of low-code development platform like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

Global Low Code Development Platform Market by Region

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Deployment of Low-Code Application in the Healthcare Sector to Augment the Market Growth

The healthcare industry around the world is flourishing owing to rapid technological advancements and government investments. A low-code development platform in the healthcare sector is deployed to streamline the data integration process to improve workflow efficiency and provide enhanced patient experience. The utilisation of low-code development cloud technology can significantly help in integrating patient information across various systems, thereby allowing healthcare providers to study the patient history and provide better treatment, thus fostering the industry growth.

In addition, low-code platforms are cost-effective in the sense that these platforms enable non-technical staff to operate the servers by eliminating the need to hire professional help, along with significant reductions in ownership costs. Furthermore, low-code application platforms play a critical role in developing apps to meet the dynamics of technology by building mobile-friendly applications that can assist in virtual consultations while saving hospitalisation costs and provide a secure network for encrypted communication. Hence, the benefits of low-code development technology in the healthcare sector are increasingly augmenting the growth of the market.

Key Industry Players in the Global Low-Code Development Platform Market

The report presents a detailed analysis of the following key players in the global low-code development platform market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

Salesforce.com Inc.
Microsoft Corporation
Oracle Corporation
Appian Corporation
Zoho Corporation
Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Application Type Deployment Type Organisation Size End Use Region
Breakup by Application Type	Web-based Mobile-based Desktop and Server-based
Breakup by Deployment Type	On-premise Cloud
Breakup by Organisation Size	Small and Medium Enterprises Large Enterprises
Breakup by End Use	BFSI Retail and E-commerce Government and Defence Healthcare Information Technology Energy and Utilities Manufacturing Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Salesforce.com Inc. Microsoft Corporation Oracle Corporation Appian Corporation Zoho Corporation Others
Report Price and Purchase Option	Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format	Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Low-Code Development Platform Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Low-Code Development Platform Historical Market (2018-2023)
   8.3   Global Low-Code Development Platform Market Forecast (2024-2032)
   8.4   Global Low-Code Development Platform Market by Application Type
       8.4.1   Web-based
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Mobile-based
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   Desktop and Server-based
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
   8.5   Global Low-Code Development Platform Market by Deployment Type
       8.5.1   On-premise
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Cloud
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
   8.6   Global Low-Code Development Platform Market by Organisation Size
       8.6.1   Small and Medium Enterprises
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Large Enterprises
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
   8.7   Global Low-Code Development Platform Market by End Use
       8.7.1   BFSI
           8.7.1.1 Historical Trend (2018-2023)
           8.7.1.2 Forecast Trend (2024-2032)
       8.7.2   Retail and E-commerce
           8.7.2.1 Historical Trend (2018-2023)
           8.7.2.2 Forecast Trend (2024-2032)
       8.7.3   Government and Defence
           8.7.3.1 Historical Trend (2018-2023)
           8.7.3.2 Forecast Trend (2024-2032)
       8.7.4   Healthcare
           8.7.4.1 Historical Trend (2018-2023)
           8.7.4.2 Forecast Trend (2024-2032)
       8.7.5   Information Technology
           8.7.5.1 Historical Trend (2018-2023)
           8.7.5.2 Forecast Trend (2024-2032)
       8.7.6   Energy and Utilities
           8.7.6.1 Historical Trend (2018-2023)
           8.7.6.2 Forecast Trend (2024-2032)
       8.7.7   Manufacturing
           8.7.7.1 Historical Trend (2018-2023)
           8.7.7.2 Forecast Trend (2024-2032)
       8.7.8   Others
   8.8   Global Low-Code Development Platform Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Low-Code Development Platform Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Low-Code Development Platform Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Low-Code Development Platform Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Low-Code Development Platform Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Low-Code Development Platform Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Salesforce.com Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Microsoft Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Oracle Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Appian Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Zoho Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Low-Code Development Platform Market: Key Industry Highlights, 2018 and 2032
2.   Global Low-Code Development Platform Historical Market: Breakup by Application Type (USD Billion), 2018-2023
3.   Global Low-Code Development Platform Market Forecast: Breakup by Application Type (USD Billion), 2024-2032
4.   Global Low-Code Development Platform Historical Market: Breakup by Deployment Type (USD Billion), 2018-2023
5.   Global Low-Code Development Platform Market Forecast: Breakup by Deployment Type (USD Billion), 2024-2032
6.   Global Low-Code Development Platform Historical Market: Breakup by Organization Size (USD Billion), 2018-2023
7.   Global Low-Code Development Platform Market Forecast: Breakup by Organization Size (USD Billion), 2024-2032
8.   Global Low-Code Development Platform Historical Market: Breakup by End Use (USD Billion), 2018-2023
9.   Global Low-Code Development Platform Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10.   Global Low-Code Development Platform Historical Market: Breakup by Region (USD Billion), 2018-2023
11.   Global Low-Code Development Platform Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.   North America Low-Code Development Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   North America Low-Code Development Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Europe Low-Code Development Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Europe Low-Code Development Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Asia Pacific Low-Code Development Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Asia Pacific Low-Code Development Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Latin America Low-Code Development Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Latin America Low-Code Development Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Middle East and Africa Low-Code Development Platform Historical Market: Breakup by Country (USD Billion), 2018-2023
21.   Middle East and Africa Low-Code Development Platform Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.   Global Low-Code Development Platform Market Structure

Key Questions Answered in the Report

What was the global low-code development platform market size in 2023?

The market attained a value of approximately USD 33.37 billion in 2023.

What is the growth rate of the global low-code development platform market?

The market is projected to grow at a CAGR of 25% in the forecast period of 2024-2032.

What is the forecast outlook of the global low-code development platform market for 2024-2032?

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 249.38 billion by 2032.

What are the major drivers of the market?

The market is being driven by the advantages of low-code development platforms in providing agility to operations and reducing operating costs and the increasing deployment of low-code development applications in small enterprises to streamline business operations.

What are the key trends of the market?

Reduced operational costs of low-code development platforms, rising awareness regarding low-code development platforms, and deployment of low-code development platform in the healthcare sector, owing to the requirement of managing a large patient database, are the key trends of the market.

What are the major regional markets of low-code development platform, according to the EMR report?

The major regional markets for low-code development platform are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

What are the significant application types of low-code development platform?

The significant application types of low-code development platform are web-based, mobile-based, and desktop and server-based.

What are the leading deployment types in the market?

The leading deployment types include on-premise and cloud.

What are the major organisation sizes of low-code development platform?

The major organisation sizes of low-code development platform include small and medium enterprises, and large enterprises.

What are the significant end uses of low-code development platform?

The significant end uses of low-code development platform are BFSI, retail and e-commerce, government and defence, healthcare, information technology, energy and utilities, and manufacturing, among others.

Who are the key market players, according to the report?

The key players in the global low-code development platform market are Salesforce.com Inc., Microsoft Corporation, Oracle Corporation, Appian Corporation, and Zoho Corporation, among others.

Analyst Review

The global low-code development platform market attained a value of about USD 33.37 billion in 2023, driven by low costs and improved business agility due to the use of low-code development platform. Aided by the deployment of the product in small and medium organisations, the market is expected to grow at a CAGR of 25% in the forecast period of 2024-2032 to reach nearly USD 249.38 billion by 2032.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. The market, on the basis of application type, can be divided into web-based, mobile-based, and desktop and server-based. Based on deployment type, the market can be segmented into on-premise and cloud. On the basis of organisation size, the market can be divided into small and medium enterprises, and large enterprises. Based on end use, the market can be categorised into BFSI, retail and e-commerce, government and defence, healthcare, information technology, energy and utilities, and manufacturing, among others. The major regional markets for low-code development platform are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are Salesforce.com Inc., Microsoft Corporation, Oracle Corporation, Appian Corporation, and Zoho Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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