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Global Low-Code Development Platform Market- By Component (Platform and Services), By Application Type (Web-based, Mobile-based, Desktop and Server-based), By Organization Size (SMEs and Large Enterprises), By End-Use (BFSI, Retail and eCommerce, Government and Defense, Healthcare, IT, Energy and Utilities, Manufacturing, Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.
Global Low-Code Development Platform Market Overview:
Low-code development is a means for visualization application development process so that different levels of experience developers can get through a graphical user interface, drag the use components and logic to create a model-driven web and mobile applications. The low-code development platform eliminates the need for non-technical developers to write code but abstracts the traditional IT architecture to support professional developers.
Global Low-Code Development Platform Market Insights
The global low-code development market has the potential to grow with USD 48.2 billion with bolstering CAGR in the forecast period from 2020-2027. The emerging need to improve the level of management informatization to promote the reduction of management costs and the improvement of management efficiency is rising the market demand for the global low-code development market.
Through the low-code platform, various enterprise management applications such as OA, ERP, CRM, HR, invoicing and inventory, and seamlessly integrate other software systems can develop to realize the interconnection between the various networks.
The low-code development platform came into being in this context. The low-code development platform allows developers to build enterprise information systems based on the platform quickly.
The low code is to agilely adapt to the needs of the rapid development of user services for digital systems. At the same time, it can increase the speed of enterprise digital transformation and reduce dependence on high technology and personnel. So low code development has entered a period of rapid growth.
Moreover, a Low-code development platform refers to tools that can quickly generate applications without coding or through a small amount of code. It can minimize the labor cost of enterprise application development and double the original development time of months or even years. Shorten, to help companies realize the value of cost reduction and efficiency, flexible iteration.
Furthermore, low-code development is straightforward to understand. In the process of developing software, only a small amount of code needs to write. Compared with traditional development methods, the workload of writing code can reduce a lot. More and more non-professional developers are devoted to the development and use of low codes.
Growth Driver
Control station function
Using a low-code development platform to develop a traditional method that takes one to two years to shorten to a few months or even shorter time is a great advantage for enterprise development. The digital transformation of enterprises means developing information systems in a short time, which is most suitable for the rapid development characteristics of low-code platforms.
Standardized and low cost
The low-code development platform is model-driven design, which has changed the development of traditional development tools to a certain extent. The critical point of low-code development is that ordinary developers can quickly develop application programs. This process does not require understanding how the plans behind the software are written and run.
By Component Segmental Analysis
Based on the component, the global low-code development platform market categorized into Platform and Services. The services segment accounted for the largest share in the global low-code development platform market. It is mainly owing to the integration of services with various IT companies to deploy platforms and robust low-code development platform. Thus, the service segment is propelling the market demand for the global low-code development platform market.
By Application Type Segmental Analysis
Based on the application type, the global low-code development platform market segmented into Web-based, Mobile-based, Desktop, and Server-based. The web-based segment generated the most significant revenue in recent years, and it expected that it would remain at the same level during the low-code development platform market forecast. The web-based application helps in defining low-code development better than user-based apps. Moreover, the web-based application will help in reducing the errors while writing codes and, thus, can easily roll out the writing programming language.
By Organization Size Segmental Analysis
Based on the organization size, the global low-code development platform market bifurcated into SMEs and Large Enterprises. Large enterprise dominates the market of low-code development platform automation in the forecast period from 2020-2027. It is mainly due to the more considerable demand created for software that helps in reducing the cost of IT expenditure and also minimizes the time and resources while developing applications for larger enterprises. Thus, the demand for low-code development platform is fueling due to the large enterprises.
End-use Segmental Analysis
Based on the end-use, the global low-code development platform market classified into BFSI, Retail and eCommerce, Government and Defense, Healthcare, IT, Energy and Utilities, Manufacturing, Others. The BFSI segment holds largest share in the global low-code development platform market and will continue to grow in the forecast period from 2020-2027. It mainly owes to enhance the customer services, and industry continuously improving operations and financial assistance to enhance its functions. Therefore, it requires adopting a low-code development platform to enhance its customer service and automation in the BFSI sector. Moreover, low-code development will help in providing better solutions to improve customer service and user interface for better interaction.
By Region Segmental Analysis
Based on geography, the global low-code development platform market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America region is bolstering the market share for the global low-code development platform. It is due to the substantial prevalence of smartphones, and its usage for net banking, online gaming, shopping, social media interactions, and purchasing are bolstering the market share of North America. Moreover, rising disposable income and technology advancement and growth IT industry is also contributing to fueling the market share for the low-code development platform.
Competitor Analysis
Companies such as Salesforce, Microsoft, Appian, Oracle, Pegasystems, Magic Software Enterprises, AgilePoint, OutSystems, Zoho, Quick Base, LANSA, Fujitsu RunMyProcess, Netcall, WaveMaker, K2, and others are key players in the global low-code development platform market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global low-code development platform service companies
- Research organizations and consulting companies’ low-code development platform
- Regulatory bodies
Recent Developments
- In August 2021, Vital Edge Solutions entered a strategic partnership with Mendix, a Siemens business, to bring low-code to the Federal Marketplace.
- In July 2021, Innominds announced a partnership with Vinyl to build robust, scalable applications for clients and speed up the digital transformation initiatives in the enterprise applications space.
- In July 2021, Appian acquired Lana Labs for an undisclosed amount to deliver continuous and actionable process optimization in the same workflow with people, systems, and data.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Component
- Platform
- Services
By Application
- Web-based
- Mobile-based
- Desktop and Server-based
By Organization Size
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
By Industry
- BFSI
- Retail and eCommerce
- Government and Defense
- Healthcare
- IT
- Energy and Utilities
- Manufacturing
- Others
By Region
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
Global Low-Code Development Platform Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Economic Factor Analysis
- Global Low-Code Development Platform Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By Component
- Platform
- Services
- By Application
- Web-based
- Mobile-based
- Desktop and Server-based
- By Organization Size
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
- By Industry
- BFSI
- Retail and eCommerce
- Government and Defense
- Healthcare
- IT
- Energy and Utilities
- Manufacturing
- Others
- By Region
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
- By Component
- Demand
- Market Size & Forecast, 2016-2027
- Europe Low-Code Development Platform Market Overview
- Europe Low-Code Development Platform Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Europe Low-Code Development Platform Market Share & Forecast, 2016-2027
- By Component
- Platform
- Services
- By Application
- Web-based
- Mobile-based
- Desktop and Server-based
- By Organization Size
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
- By Industry
- BFSI
- Retail and eCommerce
- Government and Defense
- Healthcare
- IT
- Energy and Utilities
- Manufacturing
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Low-Code Development Platform Market
- By Component
- Demand
- Europe Low-Code Development Platform Market Size & Forecast, 2016-2027
- North Low-Code Development Platform Market Overview
- North America Low-Code Development Platform Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- North America Low-Code Development Platform Market Share & Forecast, 2016-2027
- By Component
- Platform
- Services
- By Application
- Web-based
- Mobile-based
- Desktop and Server-based
- By Organization Size
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
- By Industry
- BFSI
- Retail and eCommerce
- Government and Defense
- Healthcare
- IT
- Energy and Utilities
- Manufacturing
- Others
- By Country
- US
- Canada
- Mexico
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Low-Code Development Platform Market
- By Component
- Demand
- North America Low-Code Development Platform Market Size & Forecast, 2016-2027
- Asia Pacific Low-Code Development Platform Market Overview
- Asia Pacific Low-Code Development Platform Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Asia Pacific Low-Code Development Platform Market Share & Forecast, 2016-2027
- By Component
- Platform
- Services
- By Application
- Web-based
- Mobile-based
- Desktop and Server-based
- By Organization Size
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
- By Industry
- BFSI
- Retail and eCommerce
- Government and Defense
- Healthcare
- IT
- Energy and Utilities
- Manufacturing
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Low-Code Development Platform Market
- By Component
- Demand
- Asia Pacific Low-Code Development Platform Market Size & Forecast, 2016-2027
- South America Low-Code Development Platform Market Overview
- South America Low-Code Development Platform Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- South America Low-Code Development Platform Market Share & Forecast, 2016-2027
- By Component
- Platform
- Services
- By Application
- Web-based
- Mobile-based
- Desktop and Server-based
- By Organization Size
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
- By Industry
- BFSI
- Retail and eCommerce
- Government and Defense
- Healthcare
- IT
- Energy and Utilities
- Manufacturing
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Low-Code Development Platform Market
- By Component
- Demand
- South America Low-Code Development Platform Market Size & Forecast, 2016-2027
- Middle East & Africa Low-Code Development Platform Market Overview
- Middle East & Africa Low-Code Development Platform Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Middle East & Africa Low-Code Development Platform Market Share & Forecast, 2016-2027
- By Component
- Platform
- Services
- By Application
- Web-based
- Mobile-based
- Desktop and Server-based
- By Organization Size
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
- By Industry
- BFSI
- Retail and eCommerce
- Government and Defense
- Healthcare
- IT
- Energy and Utilities
- Manufacturing
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Low-Code Development Platform Market
- By Component
- Demand
- Middle East & Africa Low-Code Development Platform Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Salesforce
- Microsoft
- Appian
- Oracle
- Pegasystems
- Magic Software Enterprises
- AgilePoint
- OutSystems
- Zoho
- Quick Base
- LANSA
- Fujitsu RunMyProcess
- Netcall
- WaveMaker
- K2
- Other players
Frequently Asked Questions (FAQ):
Low-code development platforms are visual software development platforms that enable industry and citizen developers to drag and drop application components, connect them, and create mobile or web apps.
The Global Low-Code Development Platform Market is calculated to be USD 14.25 billion in 2020 and is will reach USD 48.2 billion by 2027.
The Global Low-Code Development Platform Market is expanding at a CAGR of 27.6% from 2021 to 2027.
The segmentation of the Global Low-Code Development Platform Market is based on Component Application Type, By End-Use, By Organization Size, and By Region.
Increasing need for digitalization, Standardized and low cost are the Global Low-Code Development Platform Market opportunities.
Salesforce, Appian, Microsoft, Oracle, Magic Software Enterprises, AgilePoint, Pegasystems, OutSystems, Zoho, LANSA, Quick Base, Fujitsu, WaveMaker, RunMyProcess, Netcall, K2, and others are the key players operative in the Global Low-Code Development Platform Market.
