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Exponential Growth Projected in Global Low-Code Development Platform Market: Key Players, Market Size, and Growth Trends Analysis
Exponential Growth Projected in Global Low-Code Development Platform Market
What Is The Projected Market Size Of The Global Low-Code Development Platform Market And Its Growth Rate?
• The market size jumped from $39.64 billion in 2024 to $50.31 billion in 2025, recording a compound annual growth rate (CAGR) of 26.9%.
• By 2029, the market is expected to grow exponentially to $157.66 billion, exhibiting a CAGR of 33.0%.
• This remarkable growth in the historic and forecast period is attributable to the demand for rapid application development, shortage of skilled developers, cost-efficiency in application development, and the ability for low-code platforms to provide a user-friendly development environment.
What Is Driving The Growth In The Low-Code Development Platform Market?
The low-code development platform market's expansion is fueled by the growing demand for applications that optimize business processes. With a looming shortage of engineers, as projected by the US-based bureau of labor statistics, and fewer candidates meeting employers' requirements, the low-code platform becomes a valuable tool for automating tasks with accuracy and precision.
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Who Are the Key Players Driving Low-Code Development Platform Market Growth?
• AgilePoint Inc.
• Appian Corporation
• Caspio Inc.
• Fujitsu RunMyProcess Inc.
• Nintex Software Inc.
• LANSA Inc.
• Magic Software Enterprises Ltd.
• MatsSoft Limited
• Mendix Technology Inc.
• Microsoft Corporation
• Oracle Corporation
• OutSystems Inc.
• Pegasystems Inc.
• QuickBase Inc.
• Salesforce.com Inc.
• ServiceNow Inc.
• WaveMaker Inc.
• Zoho Corporation Pvt. Ltd.
• Google LLC
• TrackVia Inc.
• Bizagi Process Automation Inc.
• Boomi Inc.
• Bubble Group Inc.
• DronaHQ (Deltecs InfoTech Pvt. Ltd.)
• HCL Domino
• Intuit QuickBase
• KiSSFLOW Inc.
What Are The Key Trends In The Low-Code Development Platform Market?
• Rapid adoption of low-code platforms
• Integration with devops practices
• Expansion of mobile app development
• Security enhancements in low-code solutions
• Ecosystem growth and marketplace integration
• Collaboration and team-based development
• Enhanced user experience and design tools
• Vendor partnerships and mergers
What Are The Segments Of The Global Low-Code Development Platform Market?
• 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: Banking, Financial Services, And Insurance (BFSI), Retail And eCommerce, Government And Defense, Healthcare, IT, Energy And Utilities, Manufacturing
Which Region Leads The Low-Code Development Platform Market?
North America was the largest region in the low-code development platform market in 2024. The areas covered in the low-code development platform market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Low-Code Development Platform Market Global Market Report?
- Market Size Analysis: Analyze the Low-Code Development Platform Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Low-Code Development Platform Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Low-Code Development Platform Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Low-Code Development Platform Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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