Low Code Development Platform Market By Component (Solution, Services, Professional, Managed); By Type (General Purpose Platform, Database App Platform, Mobile - First App Platform, Process App Platform, Request Handling Platform); By Deployment (Cloud Based, On-premises); By End-Use Vertical (Telecom & Media, Retail, Healthcare, BFSI, Government, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Low Code Development Platform Market Overview
The global low code development platform market is expected to thrive at a CAGR of 21% during the projected period. Factors such as growing adoption of technologically advanced solutions for rapidly emerging applications is expected to fuel the market growth of low code development platform. Apart from this, rising demand for customer-centric web and mobile applications is also a major factor that is expected to augment the growth of market in near future.
The global low code development platform market size was valued at around USD 14.2 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 21% from 2022 to 2032.The market size is projected to succeed in USD 98.6 billion by 2032.
Low Code Development Platform Market Segmentation
The research offers a comprehensive analysis of low code development platform market with respect to following sub-markets:
- General Purpose Platform
- Database App Platform
- Mobile - First App Platform
- Process App Platform
- Request Handling Platform
- Cloud Based
By End-Use Vertical
- Telecom & Media
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Low Code Development Platform Market Competitive Landscape
The report profiles various major market players such as:
- MatsSoft Inc.,
- Microsoft Corporation
- Zoho Corporation Pvt. Ltd.
- SourceCode Technology Holdings, Inc.
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
The study also provides company’s positioning and market share in low code development platform market.
Timeline Considered for Analysis:
- 2021: Base Year
- 2022: Estimated Year
- 2022 to 2032: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global low code development platform market by the following segments:
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization is in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Low Code Development Platform Industry Report
- What is the overall market size in 2021? What will be the market growth during the forecast period i.e., 2022-2032?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?