The global low-code platform market revenue is valued at almost **** billion U.S. dollars in 2022 and is forecast to reach approximately ** billion U.S. dollars in 2024. The market is projected to grow with a CAGR of **** 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. Low-code development platforms aim to meet the demands of dynamic IT operations, which necessitate quick customization options in the software development process. 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.

In 2021, 29 percent of respondents from a global survey indicated that low-code development is between ** and ** percent faster than traditional development. No-code and low-code platforms can help alleviate pressure on IT staff as the technology allows business users to develop applications themselves. This is due to the fact that little to no coding expertise is required for working with no-code and low-code platforms.

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

Globally, the low-code development market has grown in 2022 to approximately **** billion U.S. dollars. Low-code development is not new, however, it experienced a surge in interest and development in 2020, driven in part by the COVID-19 pandemic. Major players in this market are Salesforce, Microsoft, Oracle, and ServiceNow, as well as many startups. Low-code models allow developers to program applications using a visual interface.

In a 2024 Onymos survey, ** percent of organizations in the U.S. reported that they had extreme or somewhat reliance on low-code/no-code SaaS solutions. Low-code and no-code platforms allow the user to create applications with minimal to no coding at all. Accessibility and ease of use make these platforms a popular choice among many organizations looking to reduce costs and increase development speed.

The Low-code Platforms market has emerged as a transformative force in the software development landscape, allowing businesses across various industries to streamline application creation and improve operational efficiencies. By enabling users to create applications with minimal coding expertise, low-code platforms

According to a survey conducted between late 2021 and early 2022, Microsoft PowerApps and Google AppSheet were the leading low-code/no-code tools with around ** percent usage among respondents. Low-code and no-code tools enable the development of applications with reduced complexity.

The Low-Code Development Platform (LCDP) market has emerged as a vital component of the modern software development landscape, catering to organizations looking to accelerate their application development processes while optimizing resource allocation. By enabling users, including those without extensive coding expe

In 2021, ** percent of respondents from a global survey indicate using Retool as a low/no code platform for internal apps. Zapier, Airtable, and Google AppSheet are other popular platforms. Low-code and no-code development platforms are software development environments that allow developers to drag and drop application components to create mobile or web applications. These platforms are popular as they let professionals develop quickly and also enable non-IT professionals to build applications without much prior knowledge.

The Low-Code Application Platforms (LCAP) market is rapidly evolving, driven by the growing demand for faster, more agile software development solutions. These platforms empower organizations to build applications with minimal hand-coding, significantly reducing development time and costs. LCAPs enable not only prof

The Low-Code Software market has emerged as a vital segment in the technology landscape, revolutionizing how businesses develop, deploy, and manage applications. By enabling users to create software solutions with minimal coding expertise, low-code platforms democratize the development process, making it accessible

Low-code has been consistently growing in usage over the past few years. In 2022, about 45 percent of global coding is done using low-code, while in 2024 it is expected to overtake conventional coding to reach 55 percent.

The global no-code AI platform market is projected to reach a valuation of US$ 4,094.7 million in 2023. The no-code AI platform market is expected to reach US$ 49,481.0 million by 2033 and exhibit growth at a CAGR of 28.3% from 2023 to 2033.

Attributes	Key Statistics
No-code AI Platform Market Estimated Size (2023)	US$ 4,094.7 million
Projected Market Valuation (2033)	US$ 49,481.0 million
Value-based CAGR (2023 to 2033)	28.3%
Collective Value Share: Top 5 Vendors	Around 35%

Country-wise Insights

Country	The United States
Market Share % (2022)	19.3%

Country	India
Market CAGR % (2023 to 2033)	32.3%

Country	Japan
Market Share % (2022)	4.3%

Category-wise Insights

Segment	No-code AI Tools
Market Share % (2022)	64.3%

Segment	Natural Language Processing
Market Share % (2022)	43.3%

Scope of the Report

Attribute	Details
Estimated Market Size (2023)	US$ 4,094.7 million
Projected Market Valuation (2033)	US$ 49,481.0 million
Value-based CAGR (2023 to 2033)	28.3%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value (US$ million)
Key Regions Covered	North America, Latin America, Europe, South Asia & Pacific, East Asia, and the Middle East & Africa
Key Countries Covered	The United States, Canada, Germany, The United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, and South Africa
Key Segments Covered	Solution, Technology, Enterprise Size, Industry, and Region
Key Companies Profiled	Clarifai Inc Caspio Inc Google Amazon Microsoft Akkio Inc Apteo Runway QuickBase Inc AgilePoint Inc MonkeyLearn Levity Intersect Labs Apple DataRobot Inc
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

The No-Code and Low-Code Cloud-based Software Development Tools market is transforming the way businesses approach application development, providing an accessible solution that enables users to create software applications with little to no coding experience. This burgeoning sector is driven by the growing demand f

In 2021, ** percent of respondents from a global survey indicated that their organization is using low-code for data modeling and visualization. Other use cases for low-code among respondents are data security, automating work processes, and developing e-commerce apps.

The Low Code Development Platform (LCDP) market is experiencing significant growth, driven by the increasing demand for efficient and agile application development across various industries. Low code development platforms empower organizations to create applications rapidly without the extensive coding knowledge tra

In 2021, respondents from a global survey stated that customer-focused apps they have built with low-code increased revenue. Other benefits of adopting low-code include the transformation or replacement of legacy systems as well as faster software development and deployment.

The Low-Code Technology Service market is rapidly transforming the landscape of software development and digital transformation, providing businesses with an agile and efficient way to create applications without extensive coding knowledge. Low-code platforms empower users-ranging from professional developers to bus

In 2021, 42 percent of respondents from a global survey agree strongly that they are planning on building internal tools in the future with low/no code platforms. Overall, respondents state that low/no code platforms meet their needs when developing while enjoying it, too.

The No-Code and Low-Code Development Platforms Software market is rapidly evolving, providing businesses with the tools necessary to streamline application development and enhance digital transformation efforts. These platforms empower users, including non-technical professionals, to create and modify applications w