Global Low-code Development Platform Market to Reach USD 257.75 Billion by 2032

March 2025 | 285 pages | ID: G8962E3727E7EN
Bizwit Research & Consulting LLP

Abstracts

The Global Low-code Development Platform Market, valued at approximately USD 27.75 billion in 2023, is projected to expand at a staggering CAGR of 28.10% during the forecast period 2024-2032. As enterprises shift toward accelerated digital transformation, the demand for low-code development platforms is skyrocketing. These platforms empower businesses to build applications with minimal coding expertise, dramatically reducing development time and cost while enhancing agility and scalability.

The surge in demand for customized software solutions, coupled with the growing shortage of skilled developers, has amplified the adoption of low-code platforms. Organizations across industries are integrating low-code development into their digital strategies to streamline business processes, improve operational efficiency, and foster innovation. The rise of cloud-based low-code platforms has further bolstered market expansion, allowing businesses to develop, deploy, and scale applications seamlessly. Additionally, advancements in artificial intelligence (AI), robotic process automation (RPA), and API-driven integrations are enhancing platform capabilities, making them an indispensable tool for enterprises.

Despite its tremendous potential, the market faces challenges, including security concerns related to data privacy, integration complexities with legacy systems, and limited customization options for highly specialized applications. Moreover, some enterprises remain hesitant to shift from traditional development approaches due to concerns over vendor lock-in and long-term platform scalability. However, strategic collaborations among low-code platform providers, cloud service companies, and enterprise IT teams are mitigating these barriers, driving market expansion and adoption across industries.

Regionally, North America dominates the market, driven by strong investments in digital transformation, the presence of key technology giants, and an increasing reliance on automation solutions. The United States leads the charge, leveraging low-code platforms to accelerate enterprise application development and streamline workflow automation. Europe follows closely, fueled by stringent regulatory mandates for digital solutions, with key contributors including the UK, Germany, and France. Meanwhile, the Asia-Pacific region is experiencing the fastest growth, powered by a thriving startup ecosystem, rapid digitalization in emerging economies like China and India, and government initiatives promoting cloud-first IT strategies. Latin America and the Middle East & Africa are gradually emerging as lucrative markets, with increasing technology adoption and rising enterprise investments in IT infrastructure.

Major market players included in this report are:

• Microsoft Corporation
• Salesforce, Inc.
• OutSystems, Inc.
• Mendix (Siemens AG)
• ServiceNow, Inc.
• Appian Corporation
• Pegasystems Inc.
• Oracle Corporation
• Google LLC
• Zoho Corporation
• Quick Base, Inc.
• Creatio
• AgilePoint, Inc.
• Betty Blocks
• TrackVia, Inc.

The detailed segments and sub-segments of the market are explained below:

By Component:

• Platform
• Services

By Application Type:

• Business Process Applications
• Web-based Applications
• Mobile Applications
• Database Applications
• Others

By Deployment Type:

• Cloud
• On-Premises

By Organization Size:

• Small & Medium Enterprises (SMEs)
• Large Enterprises

By Industry:

• BFSI
• Healthcare
• Retail & E-commerce
• IT & Telecommunications
• Manufacturing
• Government
• Education
• Others

By Region:

North America:

• U.S.
• Canada

Europe:

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific:

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America:

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa:

• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study:

• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024-2032

Key Takeaways:

• Market estimates & forecasts for 10 years from 2022 to 2032.
• Annualized revenue trends and regional-level analysis for each market segment.
• Detailed insights into the geographical landscape with country-level assessments.
• Competitive landscape with analysis of major market players.
• Strategic business insights and recommendations for future market approaches.
• Comprehensive demand-side and supply-side market analysis.

Contents

CHAPTER 1.GLOBAL LOW-CODE DEVELOPMENT PLATFORM MARKET EXECUTIVE SUMMARY

1.1.Global Low-code Development Platform Market Size & Forecast (2022-2032)
1.2.Regional Summary
1.3.Segmental Summary
  1.3.1.{By Component (Platform, Services)}
  1.3.2.{By Application Type}
  1.3.3.{By Deployment Type (Cloud, On-Premises)}
  1.3.4.{By Organization Size (SMEs, Large Enterprises)}
  1.3.5.{By Industry}
1.4.Key Trends
1.5.Recession Impact
1.6.Analyst Recommendation & Conclusion

CHAPTER 2.GLOBAL LOW-CODE DEVELOPMENT PLATFORM MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1.Research Objective
2.2.Market Definition
2.3.Research Assumptions
  2.3.1.Inclusion & Exclusion
  2.3.2.Limitations
  2.3.3.Supply Side Analysis
    2.3.3.1.Availability
    2.3.3.2.Infrastructure
    2.3.3.3.Regulatory Environment
    2.3.3.4.Market Competition
    2.3.3.5.Economic Viability (Consumer’s Perspective)
  2.3.4.Demand Side Analysis
    2.3.4.1.Regulatory Frameworks
    2.3.4.2.Technological Advancements
    2.3.4.3.Environmental Considerations
    2.3.4.4.Consumer Awareness & Acceptance
2.4.Estimation Methodology
2.5.Years Considered for the Study
2.6.Currency Conversion Rates

CHAPTER 3.GLOBAL LOW-CODE DEVELOPMENT PLATFORM MARKET DYNAMICS

3.1.Market Drivers
  3.1.1.Rising Demand for Rapid Digital Transformation
  3.1.2.Surge in Customized Software Solutions and Reduced Time-to-Market
  3.1.3.Expansion of Cloud-Based and AI-Enabled Low-code Platforms
3.2.Market Challenges
  3.2.1.Security and Data Privacy Concerns
  3.2.2.Integration Complexities with Legacy Systems
  3.2.3.Vendor Lock-in and Scalability Limitations
3.3.Market Opportunities
  3.3.1.Strategic Collaborations Among Technology Providers
  3.3.2.Adoption by SMEs and Large Enterprises Across Diverse Industries
  3.3.3.Innovations in API-Driven and RPA-Enhanced Platforms

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
  4.1.7.Porter’s 5 Force Impact Analysis
4.2.PESTEL Analysis
  4.2.1.Political
  4.2.2.Economical
  4.2.3.Social
  4.2.4.Technological
  4.2.5.Environmental
  4.2.6.Legal
4.3.Top Investment Opportunity
4.4.Top Winning Strategies
4.5.Disruptive Trends
4.6.Industry Expert Perspective
4.7.Analyst Recommendation & Conclusion

CHAPTER 5.GLOBAL LOW-CODE DEVELOPMENT PLATFORM MARKET SIZE & FORECASTS BY COMPONENT 2022-2032

5.1.Segment Dashboard
5.2.Global Low-code Development Platform Market: {Component} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  5.2.1.Platform
  5.2.2.Services

CHAPTER 6.GLOBAL LOW-CODE DEVELOPMENT PLATFORM MARKET SIZE & FORECASTS BY APPLICATION TYPE, DEPLOYMENT TYPE, AND ORGANIZATION SIZE 2022-2032

6.1.Segment Dashboard
6.2.Global Low-code Development Platform Market: {Application Type} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
6.3.Global Low-code Development Platform Market: {Deployment Type} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  6.3.1.Cloud
  6.3.2.On-Premises
6.4.Global Low-code Development Platform Market: {Organization Size} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)

CHAPTER 7.GLOBAL LOW-CODE DEVELOPMENT PLATFORM MARKET SIZE & FORECASTS BY INDUSTRY AND REGION 2022-2032

7.1.Global Low-code Development Platform Market: {Industry} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
7.2.Regional Analysis
  7.2.1.North America Low-code Development Platform Market
    7.2.1.1.U.S.
    7.2.1.2.Canada
  7.2.2.Europe Low-code Development Platform Market
    7.2.2.1.UK
    7.2.2.2.Germany
    7.2.2.3.France
    7.2.2.4.Spain
    7.2.2.5.Italy
    7.2.2.6.Rest of Europe
  7.2.3.Asia-Pacific Low-code Development Platform Market
    7.2.3.1.China
    7.2.3.2.India
    7.2.3.3.Japan
    7.2.3.4.Australia
    7.2.3.5.South Korea
    7.2.3.6.Rest of Asia-Pacific
  7.2.4.Latin America Low-code Development Platform Market
    7.2.4.1.Brazil
    7.2.4.2.Mexico
    7.2.4.3.Rest of Latin America
  7.2.5.Middle East & Africa Low-code Development Platform Market
    7.2.5.1.Saudi Arabia
    7.2.5.2.South Africa
    7.2.5.3.Rest of Middle East & Africa

CHAPTER 8.COMPETITIVE INTELLIGENCE

8.1.Key Company SWOT Analysis
  8.1.1.{Company 1}
  8.1.2.{Company 2}
  8.1.3.{Company 3}
8.2.Top Market Strategies
8.3.Company Profiles
  8.3.1.{First Company Name}
    8.3.1.1.Key Information
    8.3.1.2.Overview
    8.3.1.3.Financial (Subject to Data Availability)
    8.3.1.4.Product Summary
    8.3.1.5.Market Strategies
  8.3.2.{Company 2}
  8.3.3.{Company 3}
  8.3.4.{Company 4}
  8.3.5.{Company 5}
  8.3.6.{Company 6}
  8.3.7.{Company 7}
  8.3.8.{Company 8}
  8.3.9.{Company 9}
  8.3.10.{Company 10}
  8.3.11.{Company 11}
  8.3.12.{Company 12}
  8.3.13.{Company 13}
  8.3.14.{Company 14}
  8.3.15.{Company 15}

CHAPTER 9.RESEARCH PROCESS

9.1.Research Process
  9.1.1.Data Mining
  9.1.2.Analysis
  9.1.3.Market Estimation
  9.1.4.Validation
  9.1.5.Publishing
9.2.Research Attributes