Low-Code Development Platform Market to Reach $125.6Bn by 2031 at 27.4% CAGR

According to a new report Low-Code Development Platform Market By Component (Platform, Services), By Deployment Mode (On-premise, Cloud), By Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), By Application Type (Web-based Application, Mobile-based Application, Desktop and Server-based Application), By Industry Vertical (BFSI, IT and Telecom, Manufacturing, Healthcare, Retail and E-commerce, Government, Others): Global Opportunity Analysis and Industry Forecast, 2021 - 2031, The global low-code development platform market was valued at USD 11.5 billion in 2021, and is projected to reach USD 125.6 billion by 2031, growing at a CAGR of 27.4% from 2022 to 2031.

The Low-Code Development Platform (LCDP) market refers to software solutions that enable users to design, build, test, and deploy applications with minimal hand-coding. These platforms provide visual interfaces, drag-and-drop components, reusable templates, and automated logic to simplify the application development lifecycle. As organizations increasingly seek faster time-to-value and greater agility, low-code platforms serve both professional developers and business users ("citizen developers"), democratizing software creation while reducing dependency on traditional coding expertise.

Driven by digital transformation initiatives, the LCDP market supports the development of a wide range of applications-from customer relationship management (CRM) enhancements and internal workflow automation to complex enterprise systems. By abstracting underlying code complexities, low-code solutions help accelerate delivery, improve collaboration across IT and business teams, and lower total cost of ownership (TCO) for enterprise applications.

Download Free PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A09592

Market Dynamics
Rapid Digital Transformation and Agility Needs: Organizations across industries are under pressure to digitize core processes to remain competitive. Traditional software development cycles are often too slow to respond to rapidly changing market demands. Low-code platforms provide an effective pathway to accelerate application delivery, enabling businesses to rapidly prototype and scale digital solutions without extensive coding resources.

Talent Shortages and Developer Productivity: The global shortage of skilled software developers continues to constrain technology initiatives. Low-code platforms help bridge this gap by empowering less technical stakeholders to participate in development, freeing specialized developers to focus on complex tasks. This shift enhances overall productivity and mitigates risks associated with talent scarcity.

Cost and Resource Efficiency: By reducing development time and simplifying maintenance, low-code platforms help businesses lower IT costs. Visual development reduces debugging cycles and rework, while reusable components and pre-built integrations minimize redundant effort. These efficiencies appeal especially to small and medium-sized enterprises (SMEs) with constrained IT budgets.

Integration and IT Modernization: As legacy systems remain prevalent in many enterprises, there is a growing need for tools that can integrate across heterogeneous environments. Low-code platforms increasingly offer connectors, APIs, and pre-built modules that simplify integration with existing ERP, CRM, and data systems. This facilitates modernization efforts without requiring wholesale system replacements.

Governance, Security, and Scalability Challenges: Despite the benefits, organizations must balance agility with governance and security. Low-code environments can lead to shadow IT if not properly managed, creating risks related to data control and compliance. As a result, enterprises are adopting governance frameworks, role-based access controls, and scalable architectures to ensure that low-code applications meet enterprise standards and can handle growing workloads.

Buy Now & Get Exclusive Discount on this Report (405 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/purchase-enquiry/A09592

Segment Overview
The low-code development platform market is categorized by component, deployment mode, application type, organization size, industry vertical, and region. In terms of components, the market is split into platforms and services. By deployment, it is divided into on-premise and cloud models. Based on application type, it covers web-based, mobile-based, and desktop & server-based solutions. By organization size, the market is segmented into small & medium-sized enterprises (SMEs) and large enterprises. Across industry verticals, it spans BFSI, IT and telecom, manufacturing, healthcare, retail and e-commerce, government, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By enterprise size, large enterprises held the leading share of the market in 2021 and are projected to maintain their dominance throughout the forecast period. This leadership is mainly driven by increasing digital transformation efforts within large organizations. Their growing focus on enhancing workforce productivity, streamlining management processes, and improving overall business performance continues to accelerate low-code adoption. At the same time, SMEs are anticipated to record the fastest growth rate in the coming years, supported by expanding IT infrastructure and digital investments, particularly in developing economies such as China, Japan, and India. SMEs are increasingly leveraging low-code tools to strengthen operational efficiency and business capabilities.

Regional Analysis
From a regional perspective, North America accounted for the largest market share in 2021, supported by steady adoption of low-code solutions to meet evolving business needs, optimize processes, and enhance customer experiences. Meanwhile, Asia-Pacific is projected to witness the highest growth during the forecast period, fueled by a surge in digital transformation programs and rising investments in modern application development technologies, including low-code platforms.

Get Expert Guidance - Connect with an Analyst: https://www.alliedmarketresearch.com/connect-to-analyst/A09592

Competitive Analysis
The key players that operate in the low-code development platform market analysis are AgilePoint Inc., Appian Corporation, Mendix Technology BV, Microsoft Corporation, Oracle Corporation, OutSystems, Inc., Pegasystems Inc., Salesforce.com Inc., ServiceNow, Inc., and Zoho Corporation Pvt. Ltd. These players have adopted various strategies to increase their market penetration and strengthen their position in the low-code development platform industry.

Key Findings of the Study
• By component, the platform segment accounted for the largest low-code development platform market share in 2021.
• By deployment mode, the cloud segment accounted for the largest low-code development platform market share in 2021.
• On the basis of enterprise size, the large enterprise segment accounted for the largest low-code development platform market share in 2021.
• By application type, the mobile-based application segment accounted for the largest low-code development platform market share in 2021.
• Depending on industry vertical, the IT and Telecom sector accounted for the largest Low-code development platform market share in 2021.
• Region wise, North America generated highest revenue in 2021.

Contact us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.