Low Code Development Platform Market Size & Trend Forecast, 2026

Global Low Code Development Platform Market Research Report: Forecast (2021-2026)

By Component (Platform, Services), By Organization Size (Small & Medium-Sized Enterprises, Large Enterprises), By Application (Web-Based, Mobile Based, Desktop and Server Based), By Deployment Type (O... ... y Deployment Type (On Premise, Cloud), By End-User (BFSI, Retail, Government & Defense, Healthcare, Energy & Utilities, IT & Telecom, Others (Manufacturing, Education, etc.)), By Region (North America, South America, Europe, Asia-Pacific, Middle East, and Africa), By Competitors (Appian Corporation, Oracle Corporation, Microsoft Corporation, Salesforce, MatsSoft Limited, AgilePoint Inc., Lansa Inc., Magic Software Enterprises Ltd., Kony Inc., OutSystems Inc., Pegasystems Inc., QuickBase Inc., Zoho) Read more

ICT & Electronics
Mar 2022
Pages 245
Report Format: PDF, Excel, PPT

Market Definition

A Low Code development platform is software that helps developers quickly build a web or mobile application with the help of model-driven and drag & drop approaches for businesses & organizations based on their needs. In today's times, these platforms are extensively utilized worldwide due to their benefits like easy & flexible programming, reduced overhead expenses, data simplification, & streamlining management, among various others.

Market Insights

The Global Low Code Development Platform Market is projected to grow at a CAGR of around 28% during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by the growing inclination of organizations toward expanding their digital platforms for better connectivity entwined with the mounting adoption of mobile-based applications.

Additionally, the soaring demand for low code development platforms also owes to their capabilities to enhance operational capabilities, simplify data management, bring greater convenience & profitability, etc. Additionally, the increasing presence of Application Programming Interface (API) solution providers is also stimulating the demand for these platforms & positively influencing the market growth.

Moreover, governments of different countries worldwide are actively promoting digital transformation across various industrial verticals, i.e., instigating the demand for low code development platforms & generating growth opportunities for the leading market players. These platforms are also ideal for organizations with budgeted finances. As a result, their demand is expecting a significant rise across several Small & Medium Enterprises (SMEs) for the rapid development of suitable applications & reducing the overall expenses.

Key Trends in the Global Low Code Development Platform Market

Increasing Penetration of Time to Market (TTM) Strategy

Most organizations are seeking technologies to attain greater operational efficiency with limited resources to expand their business capabilities and gain profitability with the help of low code development platforms. It, in turn, is escalating the demand for an optimum Time to Market (TTM) strategy that enables the company to build user-engaging applications with new features from time to time.

Additionally, the increasing penetration of digitalization across industries like Banking, Financial Services, & Insurance (BFSI), healthcare, & educational, among others to enhance the overall functionality of organizations, deliver satisfaction to users, and simplify data maintenance, are playing a crucial role in augmenting the growth of the Global Low Code Development Platform Market through 2026.

Report Coverage	Details
Study Period	Historical Data: 2016-19
	Base Year: 2020
	Forecast Period: 2021-26
CAGR (2021-2026)	28%
Regions Covered	North America: USA, Canada, Mexico
	Europe: Germany, UK, France, Italy, Spain
	Asia-Pacific: China, India, Japan, South Korea, Australia
	South America: Brazil, and Argentina
	Middle East & Africa: UAE, Saudi Arabia, South Africa
Key Companies Profiled	Appian Corporation, Oracle Corporation, Microsoft Corporation, Salesforce, MatsSoft Limited, AgilePoint Inc., Lansa Inc., Magic Software Enterprises Ltd., Kony Inc., OutSystems Inc., Pegasystems Inc., QuickBase Inc., Zoho
Unit Denominations	USD Million/Billion

Impact of Covid-19 on the Global Low Code Development Platform Market

The Covid-19 pandemic in 2020 severely impacted most industries globally. However, the Global Low Code Development Platform Market witnessed an upswing amidst the crisis. With the imposition of lockdowns & stringent movement restrictions by the government to curb the spread of this dreadful disease, most businesses made drastic transformations toward remote working & transmitting all operations from homes.

It, in turn, surged the demand for low code development platforms to build software & applications and support business operations remotely. Most of these capabilities included digital forms & workflow automation. Additionally, the demand for remote software development hiked substantially to build customized applications that can suffice the requirements of an organization & promote digital transformation outside IT.

Moreover, since 2021, with gradual improvements in the pandemic situation & a reducing number of Covid-19 cases, governments of different countries worldwide have uplifted the limitations and allowed the recommencement of business operations, i.e., generating lucrative growth opportunities for the leading market players.

Introduction
1. Product Definition
2. Research Process
3. Assumptions
4. Market Segmentation
Preface
Executive Summary
Impact of COVID-19 on Global Low Code Development Platform Market
Global Low Code Development Platform Market Trends & Insights
Global Low Code Development Platform Market Dynamics
1. Drivers
2. Challenges
3. Impact Analysis
Global Low Code Development Platform Market Hotspots & Opportunities
Global Low Code Development Platform Market Regulations & Policy
Global Low Code Development Platform Market Start-Up Ecosystem
1. Entrepreneurial Activity
2. Year on Year Funding Received
3. Funding Received by Top Companies
4. Key Investors Active in the Market
5. Series Wise Funding Received
  1. Seed Funding
  2. Angel Investing
  3. Venture Capitalists (VC) Funding
  4. Others
Global Low Code Development Platform Market Outlook, 2016- 2026F
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Component
    1. Platform
    2. Services
  2. By Application
    1. Web Based
    2. Mobile Based
    3. Desktop and Server Based
  3. By Organization Size
    1. Small & Medium Sized Enterprises
    2. Large Enterprises
  4. By Deployment Type
    1. On-Premise
    2. Cloud
  5. By End Users
    1. BFSI
    2. Retail
    3. Government & Defense
    4. Healthcare
    5. Energy & Utilities
    6. IT & Telecom
    7. Others (Manufacturing, Education, etc.)
  6. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia-Pacific
  7. By Competitors
    1. Competition Characteristics
    2. Market Share & Analysis
    3. Competitive Matrix
North America Low Code Development Platform Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Component
  2. By Application
  3. By Organization Size
  4. By End Users
  5. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
4. Canada Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
5. Mexico Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
South America Low Code Development Platform Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Component
  2. By Application
  3. By Organization Size
  4. By End Users
  5. By Country
    1. Brazil
3. Brazil Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
Europe Low Code Development Platform Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Component
  2. By Application
  3. By Organization Size
  4. By End Users
  5. By Country
    1. Germany
    2. The UK
    3. France
    4. Spain
    5. Italy
    6. Others
3. Germany Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
4. The UK Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
5. France Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
6. Spain Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
7. Italy Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
Middle East & Africa Low Code Development Platform Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Component
  2. By Application
  3. By Organization Size
  4. By End Users
  5. By Country
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Others
3. Saudi Arabia Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
4. UAE Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
5. South Africa Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
Asia Pacific Low Code Development Platform Market Outlook, 2016-2026F
1. Market Size & Analysis
  1. By Revenue
2. Market Share & Analysis
  1. By Component
  2. By Application
  3. By Organization Size
  4. By End Users
  5. By Country
    1. India
    2. China
    3. Japan
    4. South Korea
    5. Australia
    6. Others
3. India Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
4. China Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
5. Japan Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
6. South Korea Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
7. Australia Low Code Development Platform Market Outlook, 2016-2026F
  1. Market Size & Analysis
    1. By Revenue
  2. Market Share & Analysis
    1. By Component
    2. By End User
Global Low Code Development Platform Market Key Strategic Imperatives for Success and Growth
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Target End Users
  4. Research & Development
  5. Strategic Alliances
  6. Strategic Initiatives
2. Company Profiles
  1. Appian Corporation
  2. Oracle Corporation
  3. Microsoft Corporation
  4. Salesforce
  5. MatsSoft Limited
  6. AgilePoint Inc.
  7. Lansa Inc.
  8. Magic Software Enterprises Ltd.
  9. Kony Inc.
  10. OutSystems Inc.
  11. Pegasystems Inc.
  12. QuickBase Inc.
  13. Zoho
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

Full Name*:

Company Name*:

Business Email*:

Country Name*:

Contact Number*:

Message:

Flexible Licensing Options

We offer flexible licensing options to cater to varying organizational needs. Choose the pricing pack that best suits your requirements:

Buy Now

Inquire Before Buying