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The global low-code development platform market is expected to grow from $19.37 billion in 2021 to $25.16 billion in 2022 at a compound annual growth rate (CAGR) of 29.9%. The global low-code development platform market size is expected to grow to $68.84 billion in 2026 at a CAGR of 28.6%.

The increasing demand for applications for business organizations is expected to propel the growth of the low-code development platform market over the coming years.

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The low-code development platform (LCDP) market consists of sales of low-code development platforms by entities (organizations, sole traders, and partnerships) that refer to a software development approach that uses a graphical user interface with simple features and logic. These platforms have enabled users to operate apps fluently and easily. It offers low or no coding techniques, which ultimately reduces the time and cost for the development of the platform, which, in turn, is useful to the business processes.

Global Low-Code Development Platform Market Segments Include:

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

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global low-code development platform market in 2021.

Technological advancements are shaping the low-code development platform market. Integration of AI provides an opportunity to use a low-code development platform in various applications such as solving complex functions, detecting content using keywords or colors, and inserting information in templates. Artificial intelligence is used to engineer a low-code development platform to integrate legacy systems by eliminating technical complexity.

TBRC’s Low-Code Development Platform Market Report Covers:

Major Market Players: AgilePoint, Appian Corporation, Caspio Inc, Fujitsu RunMyProcess, LANSA, Magic Software Enterprises Ltd., MatsSoft Limited, Mendix Technology, Microsoft Corporation, Netcall, Oracle Corporation, Outsystems Inc, Pegasystems Inc, QuickBase Inc, ServiceNow Inc, WaveMaker, Zoho, Alphabet Inc, Google Inc, and TrackVia.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Low-Code Development Platform Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides low-code development platform market overviews, analyzes and forecasts market size, share, low-code development platform market players, low-code development platform market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s low-code development platform market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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