Low-Code Development Platform Market to Reach US$107.3 Billion by 2030 | CAGR 28.9% | North America Leads with 38.5% Share | Key Players: Salesforce, Microsoft, Appian

Market Overview

The Global Low-Code Development Platform Market reached US$ 14.2 billion in 2022 and is projected to reach US$ 107.3 billion by 2030, growing at a CAGR of 28.9% during 2024-2031. The market's rapid growth is driven by the advent of cloud technology, which has democratized application development, making it accessible to businesses of all sizes, including micro-startups. No longer constrained by high costs, infrastructure limitations, or dependency on extensive IT teams, organizations are increasingly adopting low-code and no-code platforms to accelerate innovation and improve business agility.

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Cloud-based low-code solutions disrupt traditional legacy systems by offering flexibility, transparency, and automation, significantly reducing errors and speeding up business processes. These platforms are customizable, allowing companies to respond to changing market conditions and evolving customer needs, while reducing reliance on expensive IT infrastructure.

By empowering internal business users, low-code platforms allow the creation of applications without extensive programming knowledge, lowering development costs and reducing the need for specialized software developers. They also help monitor shadow IT, mitigate security risks, and ensure IT governance by enabling collaboration between business users and IT departments.

Key Developments:

✅ March 2023 - OutSystems launched a new AI-assisted low-code development suite, enabling faster application creation with automated code generation and enhanced collaboration between business and IT teams.

✅ June 2023 - Mendix (Siemens subsidiary) introduced significant updates to its Mendix 10 low-code platform, enhancing DevOps workflows, AI integration, and simplified application composition to accelerate enterprise app development.

✅ October 2023 - ESDS Software Solution unveiled its Low Code Magic platform along with its dedicated website lowcodemagic.co.in, aimed at simplifying and accelerating custom application creation, reducing development time, cutting costs, and boosting organizational productivity across industries.

✅ October 2023 - Joget Inc. integrated generative AI capabilities into its Joget DX open-source no-code/low-code platform, enabling faster application development and improved customer engagement across diverse industry sectors.

Mergers & Acquisitions:

✅ January 2024 - Nintex Acquires Skuid: Nintex completed its acquisition of the low-code cloud platform Skuid, strengthening its workflow intelligence suite by integrating Skuid's user-centric app design tools.

✅ June 2024 - Cloudera Acquires Verta's Operational AI Platform: Cloudera acquired Verta's Operational AI platform to enhance its data ecosystem with low-code tools for machine learning and model deployment, enabling users to build ML applications with minimal coding requirements.

✅ August 2025 - Wix.com Acquires Base44: Wix.com acquired AI-enabled no-code/low-code platform Base44 for approximately US$ 80 million, integrating its NLP-based application generation technology into Wix's website and app builder suite.

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Key Players:

• Salesforce - Holds a 14% share, driven by its Salesforce Platform and integration with CRM, enabling business users to create enterprise applications with minimal coding.

• Microsoft - Holds a 13% share, led by Power Apps, offering cloud-based low-code solutions that integrate with Microsoft 365, Azure, and Teams for seamless workflow automation.

• Appian - Holds a 12% share, providing low-code process automation and workflow management solutions for large enterprises across industries.

• Oracle - Holds a 10% share, offering Oracle APEX and cloud-based low-code platforms that support rapid enterprise application development and database integration.

• Pegasystems - Holds a 9% share, specializing in customer engagement and digital process automation using low-code solutions for large-scale enterprise applications.

• Magic Software Enterprises - Holds a 7% share, providing enterprise application development tools that enable rapid deployment with minimal coding.

• AgilePoint - Holds a 6% share, focusing on low-code application platforms for business process automation and enterprise integration.

• OutSystems - Holds a 12% share, recognized for its enterprise-grade low-code platform with strong AI-assisted development and DevOps capabilities.

• Zoho - Holds a 6% share, offering Zoho Creator, a flexible low-code platform for building multi-platform applications with minimal IT dependency.

• Quick Base - Holds a 5% share, enabling citizen developers and business users to create applications quickly for operational efficiency and process automation.

Market Segmentation:

By Component
The platform segment dominates the market with an estimated 70% share, driven by the increasing adoption of low-code development platforms that enable rapid application creation, automation, and integration across enterprise workflows. The services segment accounts for approximately 28% share, supporting implementation, training, consulting, and maintenance for organizations adopting low-code solutions.

By Type
Web-based low-code platforms lead the market with around 55% share, as they offer cross-device accessibility, cloud integration, and real-time collaboration. Mobile-based platforms hold roughly 20% share, focusing on mobile app development, enterprise mobility, and workflow automation. Desktop and server-based platforms capture 18% share, primarily used in on-premises enterprise environments with strict IT governance or security requirements.

By Organization
Large enterprises represent the largest share, around 62%, driven by the need for scalable, secure, and multi-functional low-code platforms to improve operational efficiency, digital transformation, and rapid app deployment. Small and Medium-Sized Enterprises (SMEs) hold 36% share, benefiting from cost-effective, agile, and cloud-based low-code tools that reduce reliance on specialized IT teams.

By End-User
The BFSI (Banking, Financial Services, and Insurance) segment dominates with 20% share, leveraging low-code platforms for digital banking, workflow automation, and regulatory compliance applications. Retail and eCommerce accounts for 16%, driven by the need for customer engagement, inventory management, and omnichannel applications. Government and defense hold about 14% share, adopting low-code solutions for public services, data management, and citizen engagement platforms. Healthcare represents 12% share, supporting patient management, telehealth, and hospital workflow automation. IT, energy & utilities, and manufacturing collectively account for the remaining 22%, implementing low-code platforms to streamline operations, enable real-time analytics, and optimize resource management.

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Regional Insights:

North America - 38.5% Share
North America dominates the low-code development platform market, led by the United States and Canada, due to the early adoption of cloud technologies, digital transformation initiatives, and presence of major market players like Salesforce, Microsoft, and Appian. Organizations in BFSI, healthcare, and IT sectors are rapidly deploying low-code solutions to accelerate application development, improve agility, and address IT skill shortages.

Europe - 25.7% Share
Europe holds a significant share, driven by Germany, the UK, and France, with increasing adoption in government, manufacturing, and retail sectors. Stringent regulations and the need for secure, compliant, and scalable low-code platforms are boosting demand. Companies such as OutSystems, Pegasystems, and Magic Software Enterprises are expanding regional operations and enhancing platform capabilities to meet enterprise needs.

Asia-Pacific - 24.2% Share
Asia-Pacific is witnessing rapid growth due to digitalization, cloud adoption, and government initiatives supporting tech innovation in countries like India, China, Japan, and Australia. SMEs and large enterprises are leveraging low-code platforms for cost-effective app development, workflow automation, and enterprise mobility solutions, making the region a key growth driver for the market.

Market Dynamics:

Driver:
The low-code development platform market is experiencing remarkable growth, with the potential to reduce application development time by up to 90%. By 2025, low-code and no-code technologies are projected to be used in 70% of new business applications, highlighting their critical role in modern software development. Valued at US$ 7.61 billion in 2021, the market is expected to reach US$ 36.43 billion by 2027, reflecting the increasing adoption of low-code platforms across industries.

The surge in demand is driven by the platforms' ability to empower users with limited coding expertise, fostering agility, innovation, and rapid deployment of business applications. Organizations are increasingly prioritizing efficiency, adaptability, and speed, positioning low-code development as a transformative force in the digital era.

Driver:
The market is being further fueled by the adoption of cloud-based low-code platforms, which offer flexibility, continuous delivery support, and on-demand scalability during both development and runtime. With around 60% of global corporate data residing in the cloud, cloud-native low-code solutions enable enterprises to rapidly build, deploy, and scale applications while efficiently leveraging cloud resources.

These platforms allow organizations to respond quickly to dynamic business needs, support hybrid and multi-cloud environments, and streamline digital transformation initiatives. The combination of cloud technology and low-code capabilities is expected to continue driving market expansion globally.

Restraint:
Despite their advantages, low-code platforms present certain challenges related to software quality and design rigor. Simplifying the development process can lead to overlooking essential checks, user experience research, and design prototyping, particularly when applications are built by citizen developers with limited software engineering expertise.

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