Low-Code Development Platform Market Growth Analysis - Forecast Trends and Outlook (2025-2034)

The global low-code development platform market attained a value of about USD 33.37 Billion in 2024. The market is further expected to grow at a CAGR of 25.00% during the forecast period of 2025-2034 to reach approximately USD 310.78 Billion by 2034.

Low-Code Development Platform Deployed to Streamline Business Operations Boosting the Market Growth

The low-code development industry is a significant growth contributing segment of the overall IT industry. In the modern era, with technology taking over all business operations, low-code development is being increasingly utilised in particularly small and medium enterprises, owing to characteristics, such as enhanced speed, and low costs involved in the development process. With innovations in technology every day and the scarcity of an established IT network in small businesses, low-code technologies are being deployed to accelerate operations as a means of developing websites or applications for wide reach. This is expected to invigorate the market growth over the forecast period. Furthermore, low-code development software encourages increased business agility by allowing businesses to constantly renovate their applications due to its speedy nature and easy to operate characteristics. Furthermore, the versatility of low-code programming allows developers to access the software from the ease of smartphones or desktops, which further strengthens the industry growth in small enterprises.

Low-Code Development Platform: Market Segmentation

A low-code development platform is a method of providing building blocks to IT users to develop software with minimal coding. It offers a streamlined way to take control of the software development process and can be applied in a variety of end-use industries.

On the basis of application, the market can be segmented into:

• Web-based
• Mobile-based
• Desktop and Server-based

The market, based on deployment type, can be divided into:

• On-premise
• Cloud

Based on organisation size, the market can be categorised into:

• Small and Medium Enterprises
• Large Enterprises

On the basis of end use, the market segmentations include:

• BFSI
• Retail and E-commerce
• Government and Defence
• Healthcare
• Information Technology
• Energy and Utilities
• Manufacturing
• Others

On the basis of region, the market segmentations include:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Deployment of Low-Code Application in the Healthcare Sector to Augment the Market Growth

The healthcare industry around the world is flourishing owing to rapid technological advancements and government investments. A low-code development platform in the healthcare sector is deployed to streamline the data integration process to improve workflow efficiency and provide enhanced patient experience. The utilisation of low-code development cloud technology can significantly help in integrating patient information across various systems, thereby allowing healthcare providers to study the patient history and provide better treatment, thus fostering the industry growth.

In addition, low-code platforms are cost-effective in the sense that these platforms enable non-technical staff to operate the servers by eliminating the need to hire professional help, along with significant reductions in ownership costs. Furthermore, low-code application platforms play a critical role in developing apps to meet the dynamics of technology by building mobile-friendly applications that can assist in virtual consultations while saving hospitalisation costs and provide a secure network for encrypted communication. Hence, the benefits of low-code development technology in the healthcare sector are increasingly augmenting the growth of the market.

Key Industry Players in the Global Low-Code Development Platform Market

The report presents a detailed analysis of the following key players in the global low-code development platform market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

• Salesforce.com Inc.
• Microsoft Corporation
• Oracle Corporation
• Appian Corporation
• Zoho Corporation
• Others

The comprehensive report looks at the micro and macro aspects of the industry. The report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.