Press release
Low-Code Development Platform Market to Hit USD 156.84 Bn by 2030 from USD 28.16 Bn
Low-Code Development Platform Market
The Low-Code Development Platform Market was valued at USD 28.16 Bn in 2023 and is projected to reach USD 156.84 Bn by 2030, growing at a robust CAGR of 27.8% during the forecast period (2024-2030). Low-code platforms enable rapid application development through visual interfaces, pre-built templates, reusable components, and automated workflows. These platforms empower both professional developers and "citizen developers" to design, test, and deploy applications with minimal hand-coding, accelerating digital transformation across enterprises.
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Market Performance & Forecasts
Base Year: 2023
Market Size (2023): USD 28.16 Bn
Forecast Period: 2024-2030
CAGR (2024-2030): 27.8%
Projected Market Size (2030): USD 156.84 Bn
Rapid adoption across BFSI, telecom, government, healthcare, and retail sectors is driving exponential market expansion, supported by enterprise digitization and automation initiatives.
Key Market Trends for 2026
Rising adoption of citizen development models
Increased integration of AI, automation, and workflow orchestration
Growing preference for cloud-based low-code platforms
Expansion of microservices, APIs, and serverless architectures
Accelerated demand for mobile and web-based enterprise applications
Market Dynamics: What's Driving Growth
The market is driven by accelerated digitalization, enterprise automation, and the need for rapid application deployment. Organizations are increasingly adopting low-code platforms to overcome developer shortages, reduce time-to-market, and modernize legacy systems. The shift toward remote work, digital offices, and BYOD environments further supports platform adoption.
Key Market Drivers
Increasing digital transformation initiatives across enterprises
Rising demand for workflow automation and operational efficiency
Shortage of skilled software developers
Growing adoption of cloud computing, AI, and IoT
Need to modernize legacy enterprise systems
Market Opportunities
Expansion of low-code adoption in SMEs
Increasing deployment in government and public sector digitization
Integration with AI-driven development and analytics tools
Growth in industry-specific low-code solutions
Rising demand in emerging economies driven by IT skill gaps
Major Market Challenges
Limited customization and flexibility in some platforms
Inadequate integration with complex legacy systems
Security and compliance concerns in regulated industries
Dependency on platform vendors
Partial automation limitations for advanced enterprise use cases
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Market Segmentation
By Component
Solution
Services
By Deployment Mode
On-Premises
Cloud
By Application Type
Web-Based
Mobile-Based
By Organization Size
Small and Medium-Sized Enterprises (SMEs)
Large Enterprises
By Industry
Banking, Financial Services, and Insurance (BFSI)
Telecom and IT
Government
Energy and Utilities
Manufacturing
Healthcare and Life Sciences
Retail and E-commerce
Media and Entertainment
Education
Others (Travel & Tourism, Transportation & Logistics)
Leading Global Players
Caspio
OutSystems
Appian
Salesforce
Quickbase, Inc.
ServiceNow
Microsoft Corporation
Oracle Corporation
Pegasystems Inc
Mendix Technology BV
Zoho Corporation
KissFlow
AgilePoint, Inc.
Bizagi
Magic Software Enterprises Ltd
Regional Dominance
North America dominated the Low-Code Development Platform Market with approximately 35% market share in 2023, driven by strong digital infrastructure, high R&D investments, and the presence of major platform providers.
Asia Pacific is expected to witness the fastest CAGR, supported by enterprise digitization in China and India and initiatives such as Atmanirbhar Bharat.
Europe shows steady growth driven by BFSI, healthcare, retail, and education sectors.
South America and MEA are gradually adopting low-code platforms to overcome talent shortages and reduce operational costs.
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Recent Developments & Industry Trends
Launch of AI-enabled low-code platforms
Expansion of cloud-native low-code solutions
Strategic partnerships and acquisitions among platform vendors
Increased focus on enterprise-grade security and compliance
Rising adoption of industry-specific low-code applications
FAQs
1. What is the market size of the Low-Code Development Platform Market by 2030?
The market is expected to reach USD 156.84 Bn by 2030.
2. What was the market size in 2023?
The market was valued at USD 28.16 Bn in 2023.
3. Which industry segment dominates the market?
The BFSI segment held the largest revenue share in 2023.
4. Which region leads the Low-Code Development Platform Market?
North America holds the largest market share.
5. What is the key growth driver for the market?
Accelerated enterprise digital transformation and automation demand.
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