Uploaded on Jun 18, 2024
According to the latest research report by IMARC Group, The global low-code development platform market size reached US$ 20.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 171.7 Billion by 2032, exhibiting a growth rate (CAGR) of 26.73% during 2024-2032. More Info:- https://www.imarcgroup.com/low-code-development-platform-market
Low-Code Development Platform Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2024-32
Global Low-Code
Development Platform
Market Research and
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved
About IMARC Group
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A c c o r d i n g t o t h e l a t e s t r e p o r t b y IM A R C G r o u p , t i t l e d " L o w - C o d e D e v e l o p m e n t P l a t f o r m
M a r k e t : G l o b a l I n d u s t r y T r e n d s , S h a r e , S i z e , G r o w t h , O p p o r t u n i t y a n d F o r e c a s t 2 0 2 4 -
2 0 3 2 , " t h e g l o b a l l o w - c o d e d e v e l o p m e n t p l a t f o r m m a r k e t s i z e r e a c h e d U S $ 2 0 . 4 B i l l i o n i n
2 0 2 3 .
F a c to rs A f fe c t in g th e G ro w th o f th e L o w -C o d e D e v e lo p m e n t P la t fo rm In d u s t ry :
Report R a p id A p p l ic a t io n D e v e lo p me n t :
L o w - c o d e d e v e l o p m e n t p l a t f o r m s h a v e i n c r e a s e d i n p o p u l a r i t y d u e t o t h e i r a b i l i t y t o
a c c e l e r a te t h e a p p l i c a t i o n d e v e l o p m e n t p r o c e s s . T r a d i t i o n a l s o f t w a r e d e v e l o p m e n t
Highlight and m e t h o d s o f t e n i n v o l v e l e n g t h y c o d i n g p r o c e s s e s , t e s t i n g , a n d d e b u g g i n g , w h i c h c a n
s i g n i f i c a n t l y e x t e n d p r o j e c t t i m e l i n e s . H o w e v e r , l o w - c o d e p l a t f o r ms p r o v i d e p r e - b u i l t
t e m p l a t e s , d r a g - a n d - d r o p i n t e r f a c e s , a n d v i s u a l d e v e l o p m e n t t o o l s t h a t s t r e a m l i n e t h e
Description d e v e l o p m e n t c y c l e .
B y r e d u c i n g t h e n e e d f o r m a n u a l c o d i n g , d e v e l o p e r s c a n q u i c k l y p r o to t y p e , i t e r a te , a n d
d e p l o y a p p l i c a t i o n s , r e s u l t i n g i n f a s te r t i m e - t o - ma r k e t a n d i n c r e a s e d a g i l i t y . T h e s e
p l a t f o r m s e m p o w e r b o t h p r o fe s s i o n a l d e v e l o p e r s a n d c i t i z e n d e v e l o p e r s w i t h v a r y i n g
l e v e l s o f c o d i n g e x p e r t i s e t o c o l l a b o r a t e o n p r o j e c t s e f f i c i e n t l y . C i t i z e n d e v e l o p e r s , w h o
m a y l a c k e x te n s i v e p r o g r a m m i n g s k i l l s , c a n l e v e r a g e l o w - c o d e p l a t f o r m s t o c o n t r i b u t e t o
a p p l i c a t i o n d e v e l o p m e n t p r o j e c t s a l o n g s i d e e x p e r i e n c e d d e v e l o p e r s .
Cost-Eff iciency and Resource Optimizat ion:
Another s ign i f i cant dr i ve r o f the low-code deve lopment p la t fo rm marke t i s i t s
po ten t ia l to reduce deve lopment costs and op t im ize resource u t i l i za t ion.
T rad i t iona l so f tware deve lopment o f ten requ i res substan t ia l inves tments in
sk i l led deve lopers , in f ras t ruc tu re , and l i cens ing fees for deve lopment too ls
and f rameworks.
In cont ras t , low-code p la t fo rms o f fe r a cos t -e f fec t ive a l te rnat ive by
Report min imiz ing the need for ex tens ive cod ing exper t i se and in f ras t ruc ture
inves tments . By leverag ing v isua l deve lopment too ls , reusab le components ,
Highlight and and p re-bu i l t in tegra t ions, o rgan iza t ions can s ign i f i cant ly reduce
deve lopment t ime and labor costs . Add i t iona l ly , the sca lab i l i ty and f lex ib i l i t y
Description of low-code p la t fo rms enable bus inesses to a l loca te resources more e f f ic ien t ly , op t imiz ing work fo rce produc t iv i t y and p ro jec t de l i ve ry t ime l ines .
Increased Demand for Digital Transformation:
The growing demand fo r d ig i ta l t rans format ion in i t ia t ives ac ross indus t r ies i s
a s ign i f i can t d r i ve r prope l l ing the low-code deve lopment p la t fo rm market
fo rward. In th is rap id ly evo lv ing bus iness landscape, o rgan izat ions face
mount ing pressure to modern ize the i r p rocesses, sys tems, and consumer
exper iences to s tay compet i t ive .
Whether i t i s au tomat ing manua l t asks , enhanc ing consumer engagement , o r
op t im iz ing opera t iona l e f f i c iency , d ig i t a l t rans fo rmat ion is essen t ia l f o r d r iv ing
g rowth and innova t ion . Low-code deve lopment p la t fo rms p lay a p ivo ta l ro le in
enab l ing d ig i ta l t rans fo rma t ion in i t ia t i ves by empower ing o rgan iza t ions to bu i ld
and dep loy cus tom app l ica t ions rap id ly . Wi th the f l ex ib i l i t y t o address d ive rse
use cases , f rom legacy sys tem modern iza t ion to IoT so lu t ions , low-code
Report p la t fo rms o f fe r a ve rsa t i le t oo lk i t f o r d r i v ing innova t ion ac ross the en te rp r ise .
Highlight and Request for a PDF sample o f th is repor t : h t tps : / /www. imarcgroup .com/ low-code-deve lopment -p la t fo rm-marke t / reques tsa
mp le
Description
Report Description
Global Low-Code Development Plat form Market Trends:
Ano ther d r iv ing fo rce beh ind the low-code deve lopmen t p la t fo rm marke t i s t he emphas is on enhanced
co l labora t ion and the r i se o f c i t i zen deve lopment . Low-code p la t fo rms fac i l i t a te co l l abora t ion be tween IT
p ro fess iona ls , bus iness users , and c i t i zen deve lopers by p rov id ing in tu i t i ve v isua l in te r faces and s imp l i f ied
deve lopment p rocesses .
Th is co l labo ra t ive app roach fos te rs c ross - funct iona l teamwork , acce le ra tes p ro jec t de l i ve ry , and enab les non-
techn ica l users to con t r ibu te to app l ica t ion deve lopment , expand ing the ta len t poo l and p romot ing innova t ion
w i th in o rgan iza t ions . O the r than th is , t he marke t f o r l ow-code deve lopment p la t fo rms is p rope l led by the need to
address the w iden ing sk i l l s gap in the so f tware deve lopmen t indus t ry . Wi th a shor tage o f sk i l led deve lopers
wor ldwide , o rgan iza t ions a re tu rn ing to low-code p la t fo rms to b r idge th is gap and empower emp loyees w i th
va ry ing leve ls o f t echn ica l exper t i se to pa r t i c ipa te in app l i ca t ion deve lopment .
View Report TOC, F igures and Tab les :
h t tps : / /www. imarcgroup.com/ low-code-deve lopment-p la t form-market / requestsample
Breakup by Deployment Mode:
• Cloud-based
• On-premises
Breakup by Organization Size:
• Smal l and Medium-sized Enterprises
Report • Large Enterpr ises
Segmentation
Breakup by Application:
• Web-based
• Mobi le-based
• Desktop and Server-based
Breakup by Industry Vertical:
• BFSI
• Retai l and E-commerce
• Government and Defense
• Healthcare
• Information Technology
• Energy and Uti l i t ies
• Manufacturing
Report
• Others
Segmentation
Breakup by Region:
• North America
• Europe
• Asia-Pacifi c
• Latin America
• Middle East and Afr ica
• Agi lePoint Inc.
• Appian Corporat ion
• Magic Software Enterprises Ltd.
• Mendix Technology BV (Siemens
Aktiengesel lschaft)
Competitive
• Microsoft Corporation
Landscape • Netcal l PLC
with Key • Oracle Corporation
• Outsystems Inc.
Players
• Pegasystems Inc.
• Salesforce Inc.
• ServiceNow Inc.
• Zoho Corporat ion
How has the global low-code development platform market
performed so far, and how will it perform in the coming
years?
What are the drivers, restraints, and opportunities in the
global low-code development platform market?
What is the impact of each driver, restraint, and opportunity
Key on the global low-code development platform market?
Questions What are the key regional markets?
Answered in
Which countries represent the most attractive low-code
development platform market?
the Report
What is the breakup of the market based on the deployment
mode?
Which is the most attractive deployment mode in the low-
code development platform market?
What is the breakup of the market based on the organization
size?
Which is the most attractive organization size in the low-
code development platform market?
What is the breakup of the market based on the application?
Key Which is the most attractive application in the low-code development platform market?
Questions What is the breakup of the market based on the industry
vertical?
Answered in
Which is the most attractive industry vertical in the low-code
the Report development platform market?
What is the competitive structure of the market?
Who are the key players/companies in the global low-code
development platform market?
1 P r e f a c e
2 S c o p e a n d M e t h o d o l o g y
2 . 1 O b j e c t i v e s o f t h e S t u d y
2 . 2 S t a k e h o l d e r s
2 . 3 D a t a S o u r c e s
2 . 3 . 1 P r i m a r y S o u r c e s
2 . 3 . 2 S e c o n d a r y S o u r c e s
2 . 4 M a r k e t E s t i m a t i o n
Table of 2 . 4 . 1 B o t t o m - U p A p p r o a c h2 . 4 . 2 T o p - D o w n A p p r o a c h
2 . 5 F o r e c a s t i n g M e t h o d o l o g y
3 E x e c u t i v e S u m m a r y
4 G l o b a l L o w - C o d e D e v e l o p m e n t P l a t f o r m M a r k e t - I n t r o d u c t i o n
Contents 4 . 1 O v e r v i e w4 . 2 M a r k e t D y n a m i c s
4 . 3 I n d u s t r y T r e n d s
4 . 4 C o m p e t i t i v e I n t e l l i g e n c e
5 G l o b a l L o w - C o d e D e v e l o p m e n t P l a t f o r m M a r k e t L a n d s c a p e
5 . 1 H i s t o r i c a l a n d C u r r e n t M a r k e t T r e n d s ( 2 0 1 8 - 2 0 2 3 )
5 . 2 M a r k e t F o r e c a s t ( 2 0 2 4 - 2 0 3 2 )
6 G l o b a l L o w - C o d e D e v e l o p m e n t P l a t f o r m M a r k e t - B r e a k u p b y D e p l o y m e n t M o d e
6 . 1 C l o u d - b a s e d
6 . 1 . 1 O v e r v i e w
6 . 1 . 2 H i s t o r i c a l a n d C u r r e n t M a r k e t T r e n d s ( 2 0 1 8 - 2 0 2 3 )
6 . 1 . 3 M a r k e t S e g m e n t a t i o n
6 . 1 . 4 M a r k e t F o r e c a s t ( 2 0 2 4 - 2 0 3 2 )
6 . 2 O n - p r e m i s e s
6 . 2 . 1 O v e r v i e w
6 . 2 . 2 H i s t o r i c a l a n d C u r r e n t M a r k e t T r e n d s ( 2 0 1 8 - 2 0 2 3 )
6 .2 . 3 M a r k e t S e g m e n ta t i o n
6 .2 . 4 M a r k e t F o r e c a s t ( 2 0 2 4 - 2 0 3 2 )
6 .3 A t t r a c t i v e I n v e s t m e n t P r o p o s i t i o n b y D e p lo y m e n t M o d e
7 G lo b a l L o w - C o d e D e v e lo p m e n t P la t f o r m M a r k e t - B r e a k u p b y
Or g a n i z a t i o n S i z e
7 .1 S m a l l a n d M e d i u m - s i z e d E n t e r p r is e s
7 .1 . 1 O v e r v i e w
7 .1 . 2 H i s t o r i c a l a n d C u r r e n t M a r k e t T r e n d s ( 2 0 1 8 - 2 0 2 3 )
7 .1 . 3 M a r k e t S e g m e n ta t i o n
7 .1 . 4 M a r k e t F o r e c a s t ( 2 0 2 4 - 2 0 3 2 )
7 .2 L a r g e E nt e r p r i s e s
Table of 7 .2 . 1 O v e r v i e w7 .2 . 2 H i s t o r i c a l a n d C u r r e n t M a r k e t T r e n d s ( 2 0 1 8 - 2 0 2 3 )
7 .2 . 3 M a r k e t S e g m e n ta t i o n
7 .2 . 4 M a r k e t F o r e c a s t ( 2 0 2 4 - 2 0 3 2 )
Contents 7 .3 A t t r a c t i v e I n v e s t m e n t P r o p o s i t i o n b y O r g a n iz a t io n S i z e
8 G lo b a l L o w - C o d e D e v e lo p m e n t P la t f o r m M a r k e t - B r e a k u p b y
A p p l i c a t i o n
8 .1 We b - b a s e d
8 .1 . 1 O v e r v i e w
8 .1 . 2 H i s t o r i c a l a n d C u r r e n t M a r k e t T r e n d s ( 2 0 1 8 - 2 0 2 3 )
8 .1 . 3 M a r k e t S e g m e n ta t i o n
8 .1 . 4 M a r k e t F o r e c a s t ( 2 0 2 4 - 2 0 3 2 )
8 .2 M o b i l e - b a s e d
8 .2 . 1 O v e r v i e w
8 .2 . 2 H i s t o r i c a l a n d C u r r e n t M a r k e t T r e n d s ( 2 0 1 8 - 2 0 2 3 )
8 .2 . 3 M a r k e t S e g m e n ta t i o n
8 .2 . 4 M a r k e t F o r e c a s t ( 2 0 2 4 - 2 0 3 2 )
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