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Low-Code Development Platform Global Market Report 2022

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    Report

  • 175 Pages
  • August 2022
  • Region: Global
  • The Business Research Company
  • ID: 5646892
Some major players in the low-code development platform market are 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.

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 low-code development platform market is expected to grow to $68.84 billion in 2026 at a CAGR of 28.6%.

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.

The main types of low-code development platform are platforms and services. A platform is a collection of technologies that serve as a foundation for the development of further applications, processes, or technologies. The applications of low-code development platform are web-based, mobile-based, desktop and server-based used in organizations small and medium-sized enterprises (SMES), large enterprises. The various industries using low-code development platform are BFSI, retail and ecommerce, government and defense, healthcare, IT, energy and utilities, and manufacturing.

North America was the largest region in the low-code development platform market in 2021. The regions covered in low-code development platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The low-code development platform market research report is one of a series of new reports that provides low-code development platform market statistics, including low-code development platform industry global market size, regional shares, competitors with a low-code development platform market share, detailed low-code development platform market segments, market trends and opportunities, and any further data you may need to thrive in the low-code development platform industry. This low-code development platform market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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. Low code is a coding-based software that allows business unit optimized business processes users to create and manage applications quickly with less manual coding. According to the bureau of labor statistics, a USA-based department of labor indicated there will be a shortage of engineers by 2026 by 1.2 million. Moreover, only 39.6% of candidates for IT job opportunities fulfill all of the employer's standards. This will create a demand for low code platforms where tasks can be completed automatically with precision.

Technological advancements are shaping the low-code development platform market. Integration of AI provides an opportunity to use a low-code development platforms 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. For instance, in May 2021, Zoho Corporation, an Indian web-based business tools company launched Qntrl which provides workflow solutions targeted at closing the growing gap in process management for contemporary, complicated processes that necessitate close collaboration among various stakeholders. It uses the technology of low code or no code to fulfill these tasks along with artificial intelligence and machine learning.

In January 2022, Jitterbit, a US-based API transformation company acquired PrimeApps for an undisclosed amount. Through this acquisition, Jitterbit will be able to provide the first end-to-end platform that allows non-technical individuals to effortlessly develop and deploy enterprise-grade business apps that can connect to any system, all through a low-code, bespoke design interface. PrimeApps is a Turkey-based low-code application development service.

The countries covered in the low-code development platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.



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Table of Contents

1. Executive Summary2. Low Code Development Platform Market Characteristics3. Low Code Development Platform Market Trends And Strategies4. Impact Of COVID-19 On Low Code Development Platform
5. Low Code Development Platform Market Size And Growth
5.1. Global Low Code Development Platform Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Low Code Development Platform Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Low Code Development Platform Market Segmentation
6.1. Global Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Platform
  • Services
6.2. Global Low Code Development Platform Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Web Based
  • Mobile Based
  • Desktop And Server Based
6.3. Global Low Code Development Platform Market, Segmentation By organization size, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Small And Medium Sized Enterprises
  • Large Enterprises
6.4. Global Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Banking, Financial Services, And Insurance (BFSI)
  • Retail And eCommerce
  • Government And Defense
  • Healthcare
  • IT
  • Energy And Utilities
  • Manufacturing
7. Low Code Development Platform Market Regional And Country Analysis
7.1. Global Low Code Development Platform Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Low Code Development Platform Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Low Code Development Platform Market
8.1. Asia-Pacific Low Code Development Platform Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Low Code Development Platform Market
9.1. China Low Code Development Platform Market Overview
9.2. China Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Low Code Development Platform Market
10.1. India Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Low Code Development Platform Market
11.1. Japan Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Low Code Development Platform Market
12.1. Australia Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Low Code Development Platform Market
13.1. Indonesia Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Low Code Development Platform Market
14.1. South Korea Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Low Code Development Platform Market
15.1. Western Europe Low Code Development Platform Market Overview
15.2. Western Europe Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Low Code Development Platform Market
16.1. UK Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Low Code Development Platform Market
17.1. Germany Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Low Code Development Platform Market
18.1. France Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Low Code Development Platform Market
19.1. Eastern Europe Low Code Development Platform Market Overview
19.2. Eastern Europe Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Low Code Development Platform Market
20.1. Russia Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Low Code Development Platform Market
21.1. North America Low Code Development Platform Market Overview
21.2. North America Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Low Code Development Platform Market
22.1. USA Low Code Development Platform Market Overview
22.2. USA Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Low Code Development Platform Market
23.1. South America Low Code Development Platform Market Overview
23.2. South America Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Low Code Development Platform Market
24.1. Brazil Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Low Code Development Platform Market
25.1. Middle East Low Code Development Platform Market Overview
25.2. Middle East Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Low Code Development Platform Market
26.1. Africa Low Code Development Platform Market Overview
26.2. Africa Low Code Development Platform Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Low Code Development Platform Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Low Code Development Platform Market Competitive Landscape And Company Profiles
27.1. Low Code Development Platform Market Competitive Landscape
27.2. Low Code Development Platform Market Company Profiles
27.2.1. AgilePoint
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Appian Corporation
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Caspio Inc
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Fujitsu RunMyProcess
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. K2
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Low Code Development Platform Market29. Low Code Development Platform Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Low-Code Development Platform Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global low-code development platform market.

This report focuses on low-code development platform market which is experiencing strong growth. The report gives a guide to the low-code development platform market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the low-code development platform? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Low-Code Development Platform market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider low-code development platform market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The low-code development platform market section of the report gives context. It compares the low-code development platform market with other segments of the low-code development platform market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, low-code development platform indicators comparison.

Scope

Markets Covered:

1) By Component: Platform; Services
2) By Application: Web-Based; Mobile-Based; Desktop And Server-Based
3) By organization Size: Small And Medium-Sized Enterprises (SMEs); Large Enterprises
4) By Industry: Banking, Financial Services, And Insurance (BFSI); Retail And eCommerce; Government And Defense; Healthcare; IT; Energy And Utilities; Manufacturing

Companies Mentioned: AgilePoint; Appian Corporation; Caspio Inc.; Fujitsu RunMyProcess; K2

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

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AgilePoint
  • Appian Corporation
  • Caspio Inc.
  • Fujitsu RunMyProcess
  • K2
  • LANSA
  • Magic Software Enterprises Ltd.
  • MatsSoft Limited
  • Mendix Technology
  • Microsoft Corporation
  • Netcall
  • Oracle Corporation
  • Outsystems Inc.
  • Pegasystems Inc.
  • QuickBase Inc.
  • Salesforce.com Inc.
  • ServiceNow Inc.
  • WaveMaker
  • Zoho
  • Alphabet Inc.
  • Google Inc.
  • TrackVia

Methodology

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