The low-code internet of things (IoT) application platform market size has grown exponentially in recent years. It will grow from $7.75 billion in 2025 to $9.5 billion in 2026 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to increasing deployment of IoT devices, rising demand for faster application development, growing shortage of skilled software developers, increasing need for IoT system integration, and rising adoption of connected business processes.
The low-code internet of things (IoT) application platform market size is expected to see exponential growth in the next few years. It will grow to $21.13 billion in 2030 at a compound annual growth rate (CAGR) of 22.1%. The growth during the forecast period can be attributed to increasing demand for scalable IoT application development, rising adoption of citizen developer platforms, growing deployment of connected industrial applications, increasing demand for rapid IoT solution customization, and expanding adoption of low-code development across enterprise environments. Major trends during the forecast period include increasing adoption of visual IoT application development tools, rising demand for drag-and-drop IoT solution development, growing use of pre-built IoT application components, increasing demand for simplified device integration, and rising adoption of low-code workflow automation for IoT applications.
The increasing digital transformation initiatives across industries are expected to drive the growth of the low-code internet of things (IoT) application platform market going forward. Digital transformation initiatives across industries involve the adoption of digital technologies to streamline operations, improve productivity, and facilitate data-driven business models. These initiatives are increasing due to the growing need for operational efficiency, as organizations implement digital technologies to automate processes, reduce costs, and enhance productivity. Low-code internet of things (IoT) application platforms facilitate digital transformation across industries by enabling the rapid development and deployment of connected applications, reducing development time while accelerating process automation and data-driven decision-making. For instance, in January 2026, according to the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization, 20.2% of firms reported adopting AI in 2025, compared with 14.2% in 2024 and 8.7% in 2023. Therefore, the increasing digital transformation initiatives across industries are driving the growth of the low-code internet of things (IoT) application platform market.
Major companies operating in the low-code internet of things (IoT) application platform market are focusing on developing innovative solutions such as customizable low-code IoT platforms with pre-built vertical solutions to accelerate IoT application development, enhance operational efficiency, and improve customer experience. Customizable low-code IoT platforms with pre-built vertical solutions are software platforms that allow users to quickly develop, deploy, and manage IoT applications through visual development tools and industry-specific templates with minimal coding requirements. For instance, in September 2024, Zoho Corporation, a US-based software company, launched Zoho IoT, a customizable low-code IoT platform with pre-built vertical solutions. The platform is designed to simplify IoT application development, deployment, and management across various industries. It provides benefits including rapid application development, seamless device integration, and customizable industry-specific templates. The launch is intended to help customers accelerate digital transformation, improve operational efficiency, and enhance customer experiences while supporting the increasing adoption of connected technologies and low-code application development.
In November 2024, Blynk Inc., a US-based low-code IoT software platform company, partnered with Shenzhen MOKO Technology Ltd. to provide integrated low-code LoRaWAN asset tracking solutions that simplify deployment, accelerate development, and enable scalable real-time asset monitoring across industries. Through this partnership, the companies aim to accelerate the deployment of low-code LoRaWAN-based asset tracking solutions while enhancing connectivity, scalability, and ease of IoT application development for enterprise users. Shenzhen MOKO Technology Ltd. is a China-based manufacturing company that provides electronics manufacturing services.
Major companies operating in the low-code internet of things (IoT) application platform market are Microsoft Corporation, Siemens AG, Salesforce Inc., Zoho Corporation Pvt. Ltd., PTC Inc., Appian Corporation, OutSystems Inc., Tulip Interfaces Inc., KaaIoT Technologies LLC, Blynk Inc., ThingsBoard Inc., Datacake GmbH, Litmus Automation Inc., TagoIO Inc., Ubidots Inc., ClearBlade Inc., FlowFuse Inc.
North America was the dominant region in the low-code internet of things (IoT) application platform market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the low-code internet of things (IoT) application platform market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the low-code internet of things (IoT) application platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The low-code internet of things (IoT) application platform market includes revenues earned by entities by providing services such as device lifecycle management, device provisioning and onboarding, and real-time data analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
This product will be delivered within 3-5 business days.
The low-code internet of things (IoT) application platform market size is expected to see exponential growth in the next few years. It will grow to $21.13 billion in 2030 at a compound annual growth rate (CAGR) of 22.1%. The growth during the forecast period can be attributed to increasing demand for scalable IoT application development, rising adoption of citizen developer platforms, growing deployment of connected industrial applications, increasing demand for rapid IoT solution customization, and expanding adoption of low-code development across enterprise environments. Major trends during the forecast period include increasing adoption of visual IoT application development tools, rising demand for drag-and-drop IoT solution development, growing use of pre-built IoT application components, increasing demand for simplified device integration, and rising adoption of low-code workflow automation for IoT applications.
The increasing digital transformation initiatives across industries are expected to drive the growth of the low-code internet of things (IoT) application platform market going forward. Digital transformation initiatives across industries involve the adoption of digital technologies to streamline operations, improve productivity, and facilitate data-driven business models. These initiatives are increasing due to the growing need for operational efficiency, as organizations implement digital technologies to automate processes, reduce costs, and enhance productivity. Low-code internet of things (IoT) application platforms facilitate digital transformation across industries by enabling the rapid development and deployment of connected applications, reducing development time while accelerating process automation and data-driven decision-making. For instance, in January 2026, according to the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization, 20.2% of firms reported adopting AI in 2025, compared with 14.2% in 2024 and 8.7% in 2023. Therefore, the increasing digital transformation initiatives across industries are driving the growth of the low-code internet of things (IoT) application platform market.
Major companies operating in the low-code internet of things (IoT) application platform market are focusing on developing innovative solutions such as customizable low-code IoT platforms with pre-built vertical solutions to accelerate IoT application development, enhance operational efficiency, and improve customer experience. Customizable low-code IoT platforms with pre-built vertical solutions are software platforms that allow users to quickly develop, deploy, and manage IoT applications through visual development tools and industry-specific templates with minimal coding requirements. For instance, in September 2024, Zoho Corporation, a US-based software company, launched Zoho IoT, a customizable low-code IoT platform with pre-built vertical solutions. The platform is designed to simplify IoT application development, deployment, and management across various industries. It provides benefits including rapid application development, seamless device integration, and customizable industry-specific templates. The launch is intended to help customers accelerate digital transformation, improve operational efficiency, and enhance customer experiences while supporting the increasing adoption of connected technologies and low-code application development.
In November 2024, Blynk Inc., a US-based low-code IoT software platform company, partnered with Shenzhen MOKO Technology Ltd. to provide integrated low-code LoRaWAN asset tracking solutions that simplify deployment, accelerate development, and enable scalable real-time asset monitoring across industries. Through this partnership, the companies aim to accelerate the deployment of low-code LoRaWAN-based asset tracking solutions while enhancing connectivity, scalability, and ease of IoT application development for enterprise users. Shenzhen MOKO Technology Ltd. is a China-based manufacturing company that provides electronics manufacturing services.
Major companies operating in the low-code internet of things (IoT) application platform market are Microsoft Corporation, Siemens AG, Salesforce Inc., Zoho Corporation Pvt. Ltd., PTC Inc., Appian Corporation, OutSystems Inc., Tulip Interfaces Inc., KaaIoT Technologies LLC, Blynk Inc., ThingsBoard Inc., Datacake GmbH, Litmus Automation Inc., TagoIO Inc., Ubidots Inc., ClearBlade Inc., FlowFuse Inc.
North America was the dominant region in the low-code internet of things (IoT) application platform market in 2025. Asia-Pacific is expected to be the rapidly growing region in the forecast period. The regions covered in the low-code internet of things (IoT) application platform market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the low-code internet of things (IoT) application platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The low-code internet of things (IoT) application platform market includes revenues earned by entities by providing services such as device lifecycle management, device provisioning and onboarding, and real-time data analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary
2. Low-Code Internet Of Things (IoT) Application Platform Market Characteristics
3. Low-Code Internet Of Things (IoT) Application Platform Market Supply Chain Analysis
4. Global Low-Code Internet Of Things (IoT) Application Platform Market Trends And Strategies
5. Low-Code Internet Of Things (IoT) Application Platform Market Analysis Of End Use Industries
7. Global Low-Code Internet Of Things (IoT) Application Platform Strategic Analysis Framework, Current Market Size, Market Comparisons And Growth Rate Analysis
8. Global Low-Code Internet Of Things (IoT) Application Platform Total Addressable Market (TAM) Analysis for the Market
9. Low-Code Internet Of Things (IoT) Application Platform Market Segmentation
10. Low-Code Internet Of Things (IoT) Application Platform Market, Industry Metrics By Country
11. Low-Code Internet Of Things (IoT) Application Platform Market Regional And Country Analysis
12. Asia-Pacific Low-Code Internet Of Things (IoT) Application Platform Market
13. China Low-Code Internet Of Things (IoT) Application Platform Market
14. India Low-Code Internet Of Things (IoT) Application Platform Market
15. Japan Low-Code Internet Of Things (IoT) Application Platform Market
16. Australia Low-Code Internet Of Things (IoT) Application Platform Market
17. Indonesia Low-Code Internet Of Things (IoT) Application Platform Market
18. South Korea Low-Code Internet Of Things (IoT) Application Platform Market
19. Taiwan Low-Code Internet Of Things (IoT) Application Platform Market
20. South East Asia Low-Code Internet Of Things (IoT) Application Platform Market
21. Western Europe Low-Code Internet Of Things (IoT) Application Platform Market
22. UK Low-Code Internet Of Things (IoT) Application Platform Market
23. Germany Low-Code Internet Of Things (IoT) Application Platform Market
24. France Low-Code Internet Of Things (IoT) Application Platform Market
25. Italy Low-Code Internet Of Things (IoT) Application Platform Market
26. Spain Low-Code Internet Of Things (IoT) Application Platform Market
27. Eastern Europe Low-Code Internet Of Things (IoT) Application Platform Market
28. Russia Low-Code Internet Of Things (IoT) Application Platform Market
29. North America Low-Code Internet Of Things (IoT) Application Platform Market
30. USA Low-Code Internet Of Things (IoT) Application Platform Market
31. Canada Low-Code Internet Of Things (IoT) Application Platform Market
32. South America Low-Code Internet Of Things (IoT) Application Platform Market
33. Brazil Low-Code Internet Of Things (IoT) Application Platform Market
34. Middle East Low-Code Internet Of Things (IoT) Application Platform Market
35. Africa Low-Code Internet Of Things (IoT) Application Platform Market
37. Low-Code Internet Of Things (IoT) Application Platform Market Competitive Landscape And Company Profiles
38. Low-Code Internet Of Things (IoT) Application Platform Market Other Major And Innovative Companies
42. Low-Code Internet Of Things (IoT) Application Platform Market High Potential Countries, Segments and Strategies
43. Appendix
Executive Summary
Low-Code Internet Of Things (IoT) Application Platform Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses low-code internet of things (iot) application platform market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on end user analysis.
- Benchmark performance against key competitors based on market share, innovation, and brand strength.
- Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
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Description
Where is the largest and fastest growing market for low-code internet of things (iot) application platform? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The low-code internet of things (iot) application platform market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the 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.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter 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 company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Scope
Markets Covered:
1) By Component: Platform; Services2) By Deployment Mode: Cloud; On Premises
3) By Organization Size: Small And Medium Enterprises; Large Enterprises
4) By Application: Asset Management; Remote Monitoring; Predictive Maintenance; Smart Manufacturing; Smart Home; Other Applications
5) By End User Industry Vertical: Banking Financial Services And Insurance; Retail And E-Commerce; Government And Defense; Healthcare; Information Technology And Telecommunications; Energy And Utilities; Manufacturing; Media Entertainment And Gaming; Other End User Industries
Subsegments:
1) By Platform: Application Development Platform; Device Management Platform; Data Integration Platform; Analytics And Visualization Platform; Workflow Automation Platform2) By Services: Consulting Services; Implementation And Integration Services; Managed Services; Support And Maintenance Services; Training And Education Services; Customization Services; Migration Services; Testing And Quality Assurance Services
Companies Mentioned: Microsoft Corporation; Siemens AG; Salesforce Inc.; Zoho Corporation Pvt. Ltd.; PTC Inc.; Appian Corporation; OutSystems Inc.; Tulip Interfaces Inc.; KaaIoT Technologies LLC; Blynk Inc.; ThingsBoard Inc.; Datacake GmbH; Litmus Automation Inc.; TagoIO Inc.; Ubidots Inc.; ClearBlade Inc.; FlowFuse Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; 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.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
- Microsoft Corporation
- Siemens AG
- Salesforce Inc.
- Zoho Corporation Pvt. Ltd.
- PTC Inc.
- Appian Corporation
- OutSystems Inc.
- Tulip Interfaces Inc.
- KaaIoT Technologies LLC
- Blynk Inc.
- ThingsBoard Inc.
- Datacake GmbH
- Litmus Automation Inc.
- TagoIO Inc.
- Ubidots Inc.
- ClearBlade Inc.
- FlowFuse Inc.
