The Low Code Development Platform Market Report is Segmented by Application Type (Web-Based, Mobile-Based, and Desktop- and Server-Based), Deployment Type (On-Premise and Cloud), Organization Size (Small and Medium Enterprises and Large Enterprises), End-User Verticals (BFSI, Retail and E-Commerce, Information Technology, Energy and Utilities, Manufacturing, Healthcare, Government and Defense, and Other End-User Verticals), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for the Above Segments.

The global low-code platform market revenue is valued at almost 22.5 billion U.S. dollars in 2022 and is forecast to reach approximately 32 billion U.S. dollars in 2024. The market is projected to grow with a CAGR of 26.1 percent over this period. What are low-code development platforms? Low-code platforms allow developers to create applications through graphical user interfaces rather than traditional coding methods. These solutions are suitable for non-technical staff, as little to no coding experience is required to build applications using low-code platforms. Accordingly, non-technical staff participate in the changing enterprise application development process, which includes ideation, design, implementation, and deployment. What is driving the need for low-code platforms? The rising number of citizen developers as well as the increasing demand of applications for business organizations are key factors driving the advancement of low-code platforms. IT operations take place in dynamic environments which demand rapid customization options in the software development process, which low-code development platforms seek to address. As a result, these platforms reduce time to market and backlogs, allowing businesses to realize value sooner at less cost. Retool, Zapier, and Airtable are among the leading low-code and no-code platforms for internal apps.

The global low code development market is approximated at a value of US$ 22.5 billion in 2024 and is calculated to increase at a CAGR of 26.8% to reach US$ 241.9 billion by the end of 2034.

Report Attribute	Detail
Low Code Development Market Size (2024E)	US$ 22.5 Billion
Forecasted Market Value (2034F)	US$ 241.9 Billion
Global Market Growth Rate (2024 to 2034)	26.8% CAGR
South Korea Market Value (2034F)	US$ 13.1 Billion
On-premise Demand Growth Rate (2024 to 2034)	24.9% CAGR
Key Companies Profiled	Mendix Technology BV; Zoho Corporation Pvt. Ltd.; Kintonne; Appian Corporation; Microsoft Corporation; Salesforce.com, Inc.; NewGen; AuraQuantic; Oracle Corporation; Pegasystems Inc.; ServiceNow Inc.; Creatio; Quick Base; Betty Blocks; TrackVia; OutSystems Inc.

Country-wise Analysis

Attribute	United States
Market Value (2024E)	US$ 2.5 Billion
Growth Rate (2024 to 2034)	26.7% CAGR
Projected Value (2034F)	US$ 26.7 Billion

Attribute	China
Market Value (2024E)	US$ 2.5 Billion
Growth Rate (2024 to 2034)	26.7% CAGR
Projected Value (2034F)	US$ 27 Billion

Category-wise Analysis

Attribute	BFSI
Segment Value (2024E)	US$ 4.5 Billion
Growth Rate (2024 to 2034)	27.8% CAGR
Projected Value (2034F)	US$ 52.2 Billion

Attribute	Cloud-based Low Code Development Platforms
Segment Value (2024E)	US$ 14.6 Billion
Growth Rate (2024 to 2034)	27.7% CAGR
Projected Value (2034F)	US$ 169.3 Billion

Low-Code Application Development Platform Market is on a path of steady expansion and it is likely to be valued at $64.95 billion by 2032, reflecting a CAGR of 23.7%.

The adoption of the Low Code Development platform is expected to increase at a CAGR of 28.4% during the forecast period. The Low Code Development Platform market size is anticipated to rise from US$ 21,363.5 Million in 2023 to US$ 259,922.1 Million in 2033.

Attribute	Details
Low Code Development Platform Market Estimated Size (2023)	US$ 21,363.5 Million
Low Code Development Platform Market CAGR (2023 to 2033)	28.4%
Low Code Development Platform Market Forecasted Size (2033)	US$ 259,922.1 Million

The global Low-code Development Platform market is forecasted to grow at a noteworthy CAGR of 23.32% between 2025 and 2033. By 2033, market size is expected to surge to USD 73.35 Billion, a substantial rise from the USD 11.12 Billion recorded in 2024.

The Global Low-code Development Platform market size to cross USD 73.35 Billion by 2033. [https://edison.valuemarketresearch.com//uploads/report_im

The global Rapid Application Development Platform (RADP) market is projected to reach USD 59.04 billion by 2033, expanding at a CAGR of 41.8% from 2025 to 2033, according to a recent market analysis. The market growth is primarily driven by the increasing adoption of digital transformation, cloud computing, and the need for faster application development across various industries. Furthermore, the rising demand for rapid and cost-effective software development in industries, such as healthcare, banking, and manufacturing, is expected to contribute to market growth. Key trends in the RADP market include the growing adoption of low-code/no-code platforms, increasing integration of artificial intelligence (AI) and machine learning (ML), and the rising demand for cloud-based RADP solutions. However, the market is expected to face challenges due to the need for skilled professionals and concerns over data security and compliance. Notable companies in the RADP market include Appian, Google LLC, IBM, Microsoft, OutSystems, Salesforce, and Zoho Corporation. North America is expected to dominate the market, followed by Europe and Asia Pacific. Recent developments include: In May 2024, FPT Software partnered with Siemens to offer the low-code application development platform Mendix in the South Korean and Japanese markets. As part of this collaboration, FPT Software will serve as a reseller and delivery partner for Mendix, allowing clients to achieve faster time-to-market and more cost-effective software projects. This partnership aims to enhance FPT Software's portfolio with rapid application prototyping, development, and deployment services while exploring opportunities to expand market reach through Mendix's partner ecosystem. , In April 2024, Comviva, a customer experience and data monetization solutions company, launched an innovative Low-Code/No-Code platform for digital payments and banking. The new platform, an extension of Comviva's existing mobility platform, is designed to revolutionize the development landscape for financial institutions, including FinTechs, banks, and digital wallet providers. The platform enables these organizations to quickly adapt to market regulations, changes, and evolving customer demands by visually constructing user journeys and workflows, as well as seamlessly integrating with third-party systems .

Low-code and No-code Platform Market Outlook

The global low-code and no-code platform market size was valued at approximately $16 billion in 2023 and is projected to reach around $148 billion by 2032, growing at a remarkable CAGR of 28.1%. The growth of this market can be attributed to the increasing demand for rapid digital transformation and the rising need for organizations to streamline their application development processes. By minimizing the necessity for extensive coding knowledge, these platforms significantly reduce development time and costs, making them particularly attractive to businesses of all sizes.

One of the primary growth factors for the low-code and no-code platform market is the urgent need for businesses to accelerate their digital transformation efforts. In todayÂ’s fast-paced and highly competitive business environment, organizations must quickly adapt to technological changes and consumer demands. Low-code and no-code platforms enable businesses to develop and deploy applications much faster than traditional development methods, which can significantly enhance operational efficiency and customer experience. Moreover, these platforms empower non-technical staff to develop applications, thereby democratizing the development process and reducing dependency on IT departments.

Another significant driver for the market is the rising shortage of skilled software developers. The demand for software developers far exceeds the supply, creating a talent gap that many organizations struggle to fill. Low-code and no-code platforms help bridge this gap by allowing individuals with minimal coding skills to develop complex applications. This not only alleviates the pressure on experienced developers but also enables businesses to innovate and scale more rapidly. Furthermore, these platforms often come with pre-built templates and drag-and-drop functionalities, making it easier for users to develop applications intuitively and efficiently.

The increasing adoption of cloud-based solutions is also contributing to the growth of the low-code and no-code platform market. Cloud computing offers scalability, flexibility, and cost-effectiveness, which are highly desirable attributes for businesses looking to optimize their operations. Many low-code and no-code platforms are cloud-based, allowing users to access them from anywhere and collaborate in real-time. This is particularly beneficial for remote teams or organizations with a geographically dispersed workforce. Additionally, cloud-based platforms often come with enhanced security features and regular updates, ensuring that applications remain secure and up-to-date.

Cloud Computing Power Platform plays a pivotal role in the evolution of low-code and no-code platforms. By leveraging the capabilities of cloud computing, these platforms can offer unparalleled scalability and flexibility, allowing businesses to adapt quickly to changing demands. The integration of cloud services with low-code and no-code platforms enables seamless collaboration across teams, regardless of their geographical locations. This is particularly beneficial for organizations with remote or distributed workforces, as it ensures that all team members have access to the latest tools and applications. Furthermore, cloud computing enhances the security and reliability of these platforms, providing businesses with peace of mind as they innovate and grow in a digital-first world.

Regionally, North America is expected to dominate the low-code and no-code platform market, driven by the presence of major technology companies and a highly developed IT infrastructure. The Asia Pacific region is also anticipated to witness significant growth, fueled by rapid digitalization efforts and increasing investments in IT and telecommunications. Europe, Latin America, and the Middle East & Africa are also expected to contribute to market growth, although at different rates depending on the level of technological adoption and economic conditions in these regions.

Component Analysis

When analyzing the low-code and no-code platform market by component, two primary categories emerge: Platform and Services. The platform component includes the core software that enables the development of applications with minimal or no coding. This segment is expected to hold the largest market share due to the increasing demand for user-friendly development environments. Platforms often come with features like drag-and-drop interfaces, pre-built

Low-code embedded analytics enable businesses to add data visualization together with reporting and predictive analysis into their applications without writing long code which makes the resulting tools easier to use and more operationally effective. According to analysts the market value is projected to achieve USD 15,443.6 million in 2025 then extend to USD 44,247.7 million by 2035 at a compound annual growth rate (CAGR) of 11.1% throughout the forecast period.

Metric	Value
Industry Size (2025E)	USD 15,443.6 million
Industry Value (2035F)	USD 44,247.7 million
CAGR (2025 to 2035)	11.1%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	11.3%

Country	CAGR (2025 to 2035)
UK	10.9%

Region	CAGR (2025 to 2035)
European Union	11.2%

Country	CAGR (2025 to 2035)
Japan	11.1%

Country	CAGR (2025 to 2035)
South Korea	10.9%

Competitive Outlook

Company Name	Estimated Market Share (%)
Microsoft Corporation	18-22%
Salesforce, Inc.	15-19%
QlikTech International AB	12-16%
Tableau Software (Salesforce)	8-12%
Sisense, Inc.	5-9%
Other Companies (combined)	30-40%

Snapshot img

Low Code Development Platform Market Size 2025-2029

The low code development platform market size is forecast to increase by USD 89.69 billion, at a CAGR of 41.3% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the rise in digital transformation initiatives in the IT industry. Companies are increasingly turning to low code platforms to streamline development processes, reduce costs, and improve agility. However, this market trend also presents challenges. One such challenge is the scarcity of skilled professionals in emerging economies, which may hinder the adoption of low code platforms in these regions. Another challenge is the need for market players to adopt effective pricing strategies to cater to various customer segments and compete in a rapidly evolving market.
As businesses seek to capitalize on the opportunities presented by the market, they must navigate these challenges to remain competitive and succeed in their digital transformation journeys. Low code development platforms have gained significant traction in the business world due to their ability to facilitate rapid application development for various business functions.

What will be the Size of the Low Code Development Platform Market during the forecast period?

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The market is witnessing significant activity and trends, with a focus on fault tolerance, data governance, and cloud security. High availability and disaster recovery solutions are essential for businesses seeking uninterrupted operations. Data privacy is another critical concern, with platforms prioritizing robust data security measures and adherence to security best practices. Open-source communities are driving innovation, offering developer resources and APIs for custom application development. Change management and business continuity are also key considerations, with platforms providing user authentication, access control, and model-driven development for seamless application integration and customization. Application performance monitoring, API documentation, and application deployment tools are essential for ensuring optimal application functionality and user adoption.
Performance optimization and developer tools are also crucial for developers, enabling them to build, test, and deploy applications efficiently. Application development tools are increasingly prioritizing cloud migration, enabling businesses to transition their applications to the cloud securely. Platforms offer application monitoring and access control to ensure data security and compliance with security best practices. Declarative programming and user adoption are critical factors in the market. Developer portals and application customization tools enable developers to create applications quickly and efficiently, while application development tools provide the necessary resources for performance optimization and application deployment.

How is this Low Code Development Platform Industry segmented?

The low code development platform industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Platform
  Services


Deployment

  On-premises
  Cloud-based


Sector

  Small and medium enterprises (SMEs)
  Large enterprises


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Product Insights

The platform segment is estimated to witness significant growth during the forecast period. These platforms offer customized solutions that cater to the dynamic requirements of organizations while ensuring privacy and security. The growth of the low code development market is driven by the increasing demand for customized enterprise applications and the widespread adoption of bring your own device (BYOD) policies in workplaces. Moreover, low code platforms enable businesses to implement best practices for customer service and measure key performance indicators, such as market attribution, ad-campaign effectiveness, and return on investment (ROI).

They also help monitor the performance of sales forces in sales and marketing organizations. These platforms support various development approaches, including web application development, mobile app development, business process management, and enterprise application integration. They also offer pre-built templates for application modernization and integration with cloud-based services, cloud computing, and on-premise systems. Furthermore, low code platforms support serverless computing, API management, and machine learning, enabling businesses to build applications with minimal coding and integrate advanced techn

The Low-code Development Platform Market size was valued at USD 8.48 billion in 2023 and is projected to reach USD 35.91 billion by 2032, exhibiting a CAGR of 22.9 % during the forecasts period. The Low-code Development Platform Market is centered around application models that would allow users to commission applications with relatively little programming knowledge. Such platforms are applied to enhance the speed of delivering the applications, clearing the application backlog in IT department and increasing the engagement of non-professionals in developing applications. Main uses are in Enterprise app development, Business process automation as well as Customer Relationship Management (CRM) systems. Current trends are increased need for digitalization, utilization of cloud solutions, and addition of AI/ML functionality. Some of the major players into this market are continuously working on providing better user interface, wider compatibility and more secure solution.

The Global Low Code Development Platform Market is projected to grow at a CAGR of around 28% during the forecast period, i.e., 2021-26, says MarkNtel Advisors.

The size and share of this market is categorized based on Deployment Type (Cloud-based, On-premises) and Application Type (Web Development, Mobile Development, Enterprise Applications, Integration & Middleware, Business Process Management) and End-User Industry (BFSI, Healthcare, Retail, Education, IT & Telecom) and geographical regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).

Low-code Platforms Market Outlook 2032

The global low-code platforms market size was USD 34.41 Billion in 2023 and is likely to reach USD 407.37 Billion by 2032, expanding at a CAGR of 31.6 % during 2024–2032. The market growth is attributed to the growing emphasis on improving customer experience and the increasing demand for software applications that are easy to use and quick to deploy.



Increasing demand for software applications that are easy to use and quick to deploy is expected to boost the global low-code platforms. Low-code platforms allow for rapid application development and deployment as these platforms use visual interfaces with drag-and-drop functionality, which allows developers to build applications quickly. Moreover, low-code platforms are designed to be user-friendly, even for those without extensive coding knowledge. This opens up application development to a wider range of people, including business analysts and other non-technical staff. Therefore, the rising preference for software applications that are easy to use and quick to deploy is propelling the market.

Low-code platforms are widely used in several industries as they allow businesses to easily scale their applications as needed. This is crucial for businesses that need to quickly adapt to changing market conditions or customer demands. Moreover, low-code platforms facilitate collaboration between different teams, including developers, business analysts, and stakeholders which lead to better outcomes and successful projects. This encourages SMEs and large enterprises to low-code platforms for rapid application development.

Impact of Artificial Intelligence (AI) in Low-code Platforms Market

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Enterprise Low-Code Application Platforms Market Outlook

The global market size of Enterprise Low-Code Application Platforms was estimated at $12.5 billion in 2023 and is expected to reach $65.9 billion by 2032, reflecting an impressive CAGR of 20.4% over the forecast period. This remarkable growth can be attributed to the increasing demand for rapid application development and the rising need for automation across various industries.

One of the primary growth factors for the Enterprise Low-Code Application Platforms market is the accelerating pace of digital transformation. Enterprises are increasingly seeking ways to streamline their operations, improve productivity, and enhance customer experiences. Low-code platforms enable organizations to develop applications quickly with minimal hand-coding, thus significantly reducing development time and cost. This is particularly advantageous for businesses aiming to maintain competitiveness in a fast-evolving technological landscape.

The scarcity of skilled developers is another crucial factor propelling the growth of this market. The demand for software development far outstrips the supply of qualified developers, leading many organizations to adopt low-code platforms as a solution. These platforms empower non-technical employees to develop applications, thereby mitigating the impact of the developer shortage. Moreover, the ease of use and the ability to quickly iterate and deploy applications make low-code platforms highly attractive to businesses of all sizes.

Additionally, the growing demand for business agility and flexibility is driving the adoption of low-code platforms. In today's dynamic business environment, organizations must be able to respond swiftly to market changes, customer needs, and regulatory requirements. Low-code platforms enable rapid prototyping and iterative development, allowing businesses to stay agile and responsive. This capability is particularly beneficial for enterprises looking to innovate continuously and adapt to new business models.

The emergence of Enterprise High-Productivity Application Platform as a Service (aPaaS) is revolutionizing the way businesses approach application development. These platforms offer a comprehensive environment for building, deploying, and managing applications with minimal coding effort. By providing a high level of abstraction, aPaaS enables developers to focus on business logic rather than technical complexities, thereby accelerating the development process. This is particularly beneficial for enterprises looking to innovate rapidly and respond to market demands with agility. The integration of aPaaS with existing IT infrastructure allows organizations to leverage their current investments while enhancing their capabilities to deliver high-quality applications efficiently. As a result, the adoption of Enterprise High-Productivity aPaaS is expected to grow significantly, driven by the need for faster time-to-market and improved operational efficiency.

Regionally, North America holds the largest market share due to the presence of major technology providers and early adopters of advanced technologies. The Asia Pacific region is expected to witness the highest growth rate, driven by the increasing adoption of digital technologies and the growing emphasis on automation in emerging economies such as China and India. Europe is also a significant market, with countries like Germany and the UK focusing on digital transformation initiatives.

Component Analysis

The Enterprise Low-Code Application Platforms market can be segmented by component into Platform and Services. The platform segment is the backbone of this market, encompassing the tools and technologies necessary for developing low-code applications. It includes features such as drag-and-drop interfaces, visual development tools, and pre-built templates that simplify the application development process. The demand for robust and versatile platforms is growing as organizations seek comprehensive solutions to meet their diverse development needs.

Within the platform segment, the emphasis is on enhancing user experience and functionality through continuous innovation. Vendors are integrating advanced technologies like artificial intelligence, machine learning, and blockchain to provide more powerful and intelligent low-code platforms. These enhancements enable developers to build more complex and

Low Code Development Platform Market is growing with a CAGR of 29.6% in the prediction and it crosses USD 124.47 billion by 2032 from USD 20.26 billion in 2025

Low-Code Development Platform Market Outlook

The global market size for Low-Code Development Platforms was valued at approximately USD 13.2 billion in 2023 and is projected to reach around USD 65.6 billion by 2032, growing at an impressive CAGR of 19.2% during the forecast period. This rapid growth is driven by the increasing demand for faster application development cycles and the need for digital transformation across various industries.

One of the primary growth factors for the Low-Code Development Platform market is the accelerating pace of digital transformation initiatives across organizations. Companies are under tremendous pressure to innovate and bring new services to market more quickly than ever before. Low-code development platforms enable rapid application development by allowing developers to build applications with minimal hand-coding, thereby drastically reducing development time and costs. This is particularly beneficial for businesses looking to modernize legacy systems and integrate new technologies seamlessly.

Another major growth driver is the growing shortage of skilled software developers. As the demand for software applications increases, the talent pool has not kept pace, creating a significant gap. Low-code platforms address this issue by empowering non-technical users, such as business analysts and other domain experts, to create applications through visual development tools. This democratization of software development allows organizations to leverage their existing workforce more effectively, thus accelerating the development process and reducing reliance on scarce technical resources.

The rise of cloud computing has also significantly contributed to the market's growth. Cloud-based low-code development platforms offer greater scalability, flexibility, and cost-efficiency compared to traditional on-premises solutions. They enable organizations to quickly deploy and scale applications according to fluctuating business needs without the need for substantial infrastructure investments. The integration capabilities of cloud-based platforms further facilitate seamless connection with existing systems and services, enhancing overall operational efficiency.

Rapid Application Development (RAD) is a crucial aspect of the low-code development platform market, as it emphasizes quick and iterative development cycles. This approach allows developers to create prototypes rapidly, gather user feedback, and make necessary adjustments before finalizing the application. The integration of RAD principles within low-code platforms enables organizations to respond swiftly to market demands and technological changes, ensuring they remain competitive. By leveraging RAD, businesses can significantly reduce the time-to-market for their applications, allowing them to capitalize on new opportunities and address challenges more effectively.

Regionally, North America currently dominates the Low-Code Development Platform market, driven by the strong presence of technology giants and high adoption rates among enterprises. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, fueled by rapid technological advancements, increasing investments in IT infrastructure, and the growing need for digital transformation in emerging economies. Europe is also a significant market, with countries like Germany, the UK, and France leading the adoption of low-code platforms.

Component Analysis

Within the low-code development platform market, the component segment is divided into platform and services. The platform component is the core of the market, offering the essential tools and environments for developing applications with minimal coding. These platforms provide visual development tools, pre-built templates, and drag-and-drop functionalities that simplify the development process. Major players in this space continuously innovate to enhance platform capabilities, adding features such as artificial intelligence, machine learning, and real-time analytics to improve application performance and user experience. This constant innovation is crucial in maintaining competitive advantage and meeting evolving customer needs.

On the other hand, the services component, which includes consulting, implementation, and support services, plays a critical role in the successful deployment and adoption of low-code platforms. Consulting services help organizations identify

Market Size and Growth: The global low-code platform market is projected to grow from USD 13.2 billion in 2025 to USD 46.4 billion by 2033, exhibiting a CAGR of 16.5% during the forecast period. The increasing demand for rapid application development, digitalization initiatives, and the need for citizen developers are the primary drivers fueling market growth. Additionally, advancements in cloud computing, artificial intelligence (AI), and 5G technology are creating new opportunities for low-code platforms. Key Trends and Segments: The market is segmented by application, type, and region. In terms of application, e-commerce, online education, and social & communication are the major segments driving growth. By type, the APP developing platform segment holds a larger market share compared to the solution segment. Geographically, North America is the largest market, followed by Europe and Asia Pacific. The increasing adoption of low-code platforms in industries such as healthcare, finance, and manufacturing is expected to contribute to the growth of the Asia Pacific market. Key players in the industry include Kony, Mendix, OutSystems, and APICloud, among others. The global low code platform market size is projected to reach $65 billion by 2027, exhibiting a CAGR of 24.6% during the forecast period. The growing adoption of low-code platforms by enterprises to accelerate application development and reduce costs is a key factor driving market growth.

As of 2021, the overall scale of the low code industry in China reached roughly 2.75 billion yuan, an increase of more than 72 percent from the previous year. The industry size of low-code development was estimated to grow continuously in the following years, amounting to over 11 billion yuan in 2025.

The size and share of this market is categorized based on Deployment Type (Cloud-based, On-premises) and Application Type (Web-based Applications, Mobile Applications) and Industry Vertical (BFSI, Healthcare, Retail, IT and Telecom, Manufacturing) and User Type (Large Enterprises, Small and Medium Enterprises) and geographical regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).