Key Influencer in the Low-Code Development Platform Market 2025: The Surging Demand For Applications For Business Organizations Drives The Low-Code Development Platforms Driver

What industry-specific factors are fueling the growth of the low-code development platform market?
Expected to be driven by the rising demand for business application solutions, the low-code development platform market is anticipated to experience substantial growth in the upcoming years. Low code is a type of software, designed around coding, which enables business units to swiftly develop and manage applications, thereby optimizing business procedures with minimal manual coding effort. Figures from the US Bureau of Labor Statistics suggest that the engineering sector is set to face a shortfall of 1.2 million professionals by 2026. Furthermore, the data shows that only 39.6% of IT job applicants can meet all the employer's criteria. These factors are projected to stimulate the demand for low-code platforms, where tasks can be executed automatically and accurately, thus fill the gaps.

Get Your Low-Code Development Platform Market Report Here:
https://www.thebusinessresearchcompany.com/report/low-code-development-platform-global-market-report

What Is the projected market size and growth rate for the low-code development platform market?
The market size for low-code development platforms has seen a substantial expansion in the recent past. This market is anticipated to increase from a value of $39.64 billion in 2024 to $50.31 billion in 2025, indicating a compound annual growth rate (CAGR) of 26.9%. This escalation during the historical period is predominantly due to a surge in demand for speedy application development, scarcity of proficient developers, cost-effectiveness in application creation, increased agility and flexibility, the empowerment of business users, user-centric development surrounding, and superior integration capacities.

The market size of the low-code development platform is anticipated to witness a surging increase in the coming years, reaching $157.66 billion in 2029 with a compound annual growth rate (CAGR) of 33.0%. This predicted growth during the forecasted period can be credited to various factors including cross-platform development, heightened focus on security measures, the rise of industry-specific solutions, an ever-changing regulatory landscape, emphasis on scalability, and the inception of open-source low-code solutions. Key trends during the forecast period consist of accelerated adoption of low-code platforms, integration with devops practices, proliferation of mobile app development, enhancements in low-code solution security, ecosystem evolution, and the integration of marketplace, coupled with the collaboration and team-based development, amplified user experience, design tools, and vendor collaborations and mergers.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6607&type=smp

What new trends are reshaping the low-code development platform market and its opportunities?
Advances in technology are driving the evolution of the low-code development platform market. The incorporation of AI presents a chance to leverage low-code development platforms in a range of applications, such as dealing with complex functions, identification of content by keywords or colors, and inclusion of data in templates. Artificial intelligence is harnessed to engineer low-code development platforms, simplifying the integration of legacy systems by doing away with technical complexities. For example, Aurachain, a company based in Switzerland providing a blockchain-based business process management platform, unveiled an AI-powered low-code platform in November 2023. This innovation underscores Aurachain's commitment to supplying an impressive experience for both skilled professional and everyday developers. It greatly improves the effectiveness of low-code development, particularly excelling in managing intricate and tailored processes and applications.

What major market segments define the scope and growth of the low-code development platform market?
The low-code development platform market covered in this report is segmented -

1) By Component: Platform, Services
2) By Application: Web-Based, Mobile-Based, Desktop And Server-Based
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Industry: Banking, Financial Services, And Insurance (BFSI), Retail And eCommerce, Government And Defense, Healthcare, IT, Energy And Utilities, Manufacturing

Subsegments:
1) By Platform: Development Tools, Integration Tools, Deployment Tools
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6607

Which region dominates the low-code development platform market?
North America was the largest region in the low-code development platform market in 2024. The regions covered in the low-code development platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the low-code development platform industry growth?
Major companies operating in the low-code development platform market include 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, Netcall Ltd., 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.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=6607&type=smp

What Is Covered In The Low-Code Development Platform Global Market Report?

•Market Size Forecast: Examine the low-code development platform market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the low-code development platform market for a structured understanding.
•Key Players Overview: Analyze major players in the low-code development platform market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the low-code development platform market.
•Segment Contributions: Evaluate how different segments drive overall growth in the low-code development platform market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the low-code development platform market.
•Industry Challenges: Identify potential risks and obstacles affecting the low-code development platform market.
•Competitive Landscape: Review strategic developments in the low-code development platform market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.