Low-Code Development Platform Market by Product Type, Distribution Channel, End User 2024-2032

The global low-code development platform market size reached US$ 20.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 171.7 Billion by 2032, exhibiting a growth rate (CAGR) of 26.73% during 2024-2032.

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1. Global Low-Code Development Platform Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved

2. About IMARC Group International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Highlight and Description According to the latest report by IMARC Group, titled  "Low-Code Development Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,"  the  global low-code development platform market size reached US$ 20.4 Billion in 2023. Factors Affecting the Growth of the Low-Code Development Platform Industry: Rapid Application Development: Low-code development platforms have increased in popularity due to their ability to accelerate the application development process. Traditional software development methods often involve lengthy coding processes, testing, and debugging, which can significantly extend project timelines. However, low-code platforms provide pre-built templates, drag-and-drop interfaces, and visual development tools that streamline the development cycle. By reducing the need for manual coding, developers can quickly prototype, iterate, and deploy applications, resulting in faster time-to-market and increased agility. These platforms empower both professional developers and citizen developers with varying levels of coding expertise to collaborate on projects efficiently. Citizen developers, who may lack extensive programming skills, can leverage low-code platforms to contribute to application development projects alongside experienced developers.

4. Report Highlight and Description Cost-Efficiency and Resource Optimization: Another significant driver of the low-code development platform market is its potential to reduce development costs and optimize resource utilization. Traditional software development often requires substantial investments in skilled developers, infrastructure, and licensing fees for development tools and frameworks. In contrast, low-code platforms offer a cost-effective alternative by minimizing the need for extensive coding expertise and infrastructure investments. By leveraging visual development tools, reusable components, and pre-built integrations, organizations can significantly reduce development time and labor costs. Additionally, the scalability and flexibility of low-code platforms enable businesses to allocate resources more efficiently, optimizing workforce productivity and project delivery timelines. Increased Demand for Digital Transformation: The growing demand for digital transformation initiatives across industries is a significant driver propelling the low-code development platform market forward. In this rapidly evolving business landscape, organizations face mounting pressure to modernize their processes, systems, and consumer experiences to stay competitive.

5. Report Highlight and Description Whether it is automating manual tasks, enhancing consumer engagement, or optimizing operational efficiency, digital transformation is essential for driving growth and innovation. Low-code development platforms play a pivotal role in enabling digital transformation initiatives by empowering organizations to build and deploy custom applications rapidly. With the flexibility to address diverse use cases, from legacy system modernization to IoT solutions, low-code platforms offer a versatile toolkit for driving innovation across the enterprise. Request for a PDF sample of this report: https://www.imarcgroup.com/low-code-development-platform-market/requestsample

6. Report Description Global Low-Code Development Platform Market Trends : Another driving force behind the low-code development platform market is the emphasis on enhanced collaboration and the rise of citizen development. Low-code platforms facilitate collaboration between IT professionals, business users, and citizen developers by providing intuitive visual interfaces and simplified development processes. This collaborative approach fosters cross-functional teamwork, accelerates project delivery, and enables non-technical users to contribute to application development, expanding the talent pool and promoting innovation within organizations. Other than this, the market for low-code development platforms is propelled by the need to address the widening skills gap in the software development industry. With a shortage of skilled developers worldwide, organizations are turning to low-code platforms to bridge this gap and empower employees with varying levels of technical expertise to participate in application development. View Report TOC, Figures and Tables : https://www.imarcgroup.com/low-code-development-platform-market/requestsample

7. Report Segmentation Breakup by Deployment Mode: Cloud-based On-premises Breakup by Organization Size: Small and Medium-sized Enterprises Large Enterprises Breakup by Application: Web-based Mobile-based Desktop and Server-based Breakup by Industry Vertical : BFSI

8. Report Segmentation Retail and E-commerce Government and Defense Healthcare Information Technology Energy and Utilities Manufacturing Others Breakup by Region: North America Europe Asia-Pacific Latin America Middle East and Africa

9. Competitive Landscape with Key Players AgilePoint Inc. Appian Corporation Magic Software Enterprises Ltd. Mendix Technology BV (Siemens Aktiengesellschaft ) Microsoft Corporation Netcall PLC Oracle Corporation Outsystems Inc. Pegasystems Inc. Salesforce Inc. ServiceNow Inc. Zoho Corporation

10. Key Questions Answered in the Report

11. Key Questions Answered in the Report

12. Table of Contents 1    Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Global Low-Code Development Platform Market- Introduction 4.1 Overview 4.2 Market Dynamics 4.3 Industry Trends 4.4 Competitive Intelligence 5 Global Low-Code Development Platform Market Landscape 5.1 Historical and Current Market Trends (2018-2023) 5.2 Market Forecast (2024-2032) 6 Global Low-Code Development Platform Market- Breakup by Deployment Mode 6.1 Cloud-based 6.1.1 Overview 6.1.2 Historical and Current Market Trends (2018-2023) 6.1.3 Market Segmentation 6.1.4 Market Forecast (2024-2032) 6.2 On-premises 6.2.1 Overview 6.2.2 Historical and Current Market Trends (2018-2023)        

13. Table of Contents 6.2.3 Market Segmentation 6.2.4 Market Forecast (2024-2032) 6.3 Attractive Investment Proposition by Deployment Mode 7 Global Low-Code Development Platform Market- Breakup by Organization Size 7.1 Small and Medium-sized Enterprises 7.1.1 Overview 7.1.2 Historical and Current Market Trends (2018-2023) 7.1.3 Market Segmentation 7.1.4 Market Forecast (2024-2032) 7.2 Large Enterprises 7.2.1 Overview 7.2.2 Historical and Current Market Trends (2018-2023) 7.2.3 Market Segmentation 7.2.4 Market Forecast (2024-2032) 7.3 Attractive Investment Proposition by Organization Size 8 Global Low-Code Development Platform Market- Breakup by Application 8.1 Web-based 8.1.1 Overview 8.1.2 Historical and Current Market Trends (2018-2023) 8.1.3 Market Segmentation 8.1.4 Market Forecast (2024-2032) 8.2 Mobile-based 8.2.1 Overview 8.2.2 Historical and Current Market Trends (2018-2023) 8.2.3 Market Segmentation 8.2.4 Market Forecast (2024-2032) For more information, visit : https://www.imarcgroup.com/low-code-development-platform-market/toc

14. Partial List of Clients

15. Partial List of Clients

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