No-Code Development Platforms Global Market Report 2024 by The Business Research Company | SAP SE, ServiceNow Inc., Pegasystems Inc., Hexaware Technologies Limited, Zoho Corporation, Quickbase Inc., Webflow Inc., Creatio, Caspio Inc.,

The no-code development platforms market size has grown exponentially in recent years. It will grow from $22.11 billion in 2023 to $28.11 billion in 2024 at a compound annual growth rate (CAGR) of 27.1%. The growth in the historic period can be attributed to a rise in the need for less IT backlog, a rise in the demand for no-code development platforms, growth in demand for hyper-automation, integration with third-party services and APIs, and a rise in adoption of cloud computing.

The no-code development platforms market size is expected to see exponential growth in the next few years. It will grow to $73.84 billion in 2028 at a compound annual growth rate (CAGR) of 27.3%. The growth in the forecast period can be attributed to the rising need for digital transformation, growing rapid growth in retail and e-commerce channels, increasing construction activities and projects, increasing need for better mobility, and increasing demand for rapid application development (RAD) solutions. Major trends in the forecast period include technology advancements, expansion of low-code features, integration with AI and machine learning, drag-and-drop interface enhancements, and integration with blockchain technology.

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No-Code Development Platforms Market Major Segments
The no-code development platforms market covered in this report is segmented -

1) By Component: Platform, Services
2) By Deployment: On-Premise, Cloud
3) By Organization: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4) By Application: Desktop And Server-Based, Mobile-Based, Web-Based
5) By End-Use: Construction, Oil And Gas, Manufacturing, Banking, Financial Services, And Insurance (BFSI), Retail And E-commerce, Real Estate, Healthcare, Other End-Uses

Key Driver - IOT-Powered Growth Driving Force Behind The Prescriptive Analytics Market

The rising need for digital transformation is expected to propel the growth of the no-code development platforms market going forward. Digital transformation is the integration of digital technology into all parts of a business, significantly altering how it operates and provides value to its consumers. The demand for digital transformation is due to remote work trends, data-driven decision-making, and operational efficiency. With businesses quickly react to shifting market demands through digital transformation, no-code platforms allow non-technical staff to easily create apps and automate operations without coding knowledge. This facilitates app development, fills the gap caused by an IT talent shortage, and is in line with the rapid pace of digital transformation. For instance, in November 2022, according to the 'Mind the Tech Gap' survey conducted among approximately 2,700 executives in 13 countries by Boston Consulting Group (BCG), a US-based management consulting firm, up to 60% of enterprises intend to boost their investments in digital transformation by 2023, despite a declining global economy. Therefore, the rising need for digital transformation is driving the growth of the no-code development platforms market.

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Prominent Trend - Streamlining Workflow Automation With AI-Driven No-Code Platforms

Major companies operating in the no-code development platform market are focused on developing innovative solutions, such as centralized workplaces, to easily create and customize AI-driven applications and workflows. A centralized workplace refers to a unified and integrated environment where users can access, collaborate, and manage all aspects of their application development projects from a single platform or dashboard. For instance, in March 2024, Creatio, a US-based vendor of software to automate workflows and a CRM with no-code development, launched Creatio Copilot. It provides simple, no-code interfaces that allow users to define workflows, automate processes, and design apps without requiring any coding expertise. It simplifies the complex procedure of campaign flow design by allowing users to offer a narrative of their intended campaign, which Copilot then organizes based on previous campaigns and best practices. Copilot helps companies generate rich content for emails and landing sites by updating text and visuals based on the descriptions provided, harmonizing with consumer preferences, and including personalized product recommendations.

No-Code Development Platforms Market Players
Major companies operating in the no-code development platforms market are SAP SE, ServiceNow Inc., Pegasystems Inc., Hexaware Technologies Limited, Zoho Corporation, Quickbase Inc., Webflow Inc., Creatio, Caspio Inc., Glide, Appy Pie, Kissflow Inc., AppSheet, Airtable, Knack, Kintone Corporation, Bubble Group Inc., Betty Blocks, Thunkable Inc., Kianda Technologies, Bravo Studio, Landbot, Adalo, Clappia, Unqork

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Largest And Fastest Growing Region In The Market
North America was the largest region in the no-code development platforms market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the no-code development platforms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. No-Code Development Platforms Market Report Structure
3. No-Code Development Platforms Market Trends And Strategies
4. No-Code Development Platforms Market - Macro Economic Scenario
5. No-Code Development Platforms Market Size And Growth
…..
27. No-Code Development Platforms Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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