Low-Code Development Platform Market Size, Share & Trends Analysis Report By Component (Platform, Services), By Deployment (On-premises, Cloud), By Platform Type (General-Purpose Platform, Database App Platform, Process App Platform, Request Handling Platform), By Application Type (Web & Cloud Based, Mobile Based, Desktop Based), By Organization Size (Small and Medium-Sized Enterprises (SMEs), Large Enterprises), By Industry (BFSI, IT & Telecommunication, Education, Government, Manufacturing, Healthcare, Retail & E-commerce, Media & Entertainment, Other) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2025-2033

Low-Code Development Platform Market Size

The global low code development platform market size was valued at USD 30.8 billion in 2024 and is projected to reach from USD 38.8 billion in 2025 to USD 248.1 billion by 2033, growing at a CAGR of 26.1% during the forecast period (2025-2033). The low-code development platform market growth can be attributed to several factors, such as increased demand for low-code artificial intelligence and digital transformation.

Low-code platforms are becoming pivotal in helping businesses accelerate their digital transformation efforts while significantly reducing the time-to-market for applications. By facilitating rapid development with minimal hand-coding, these platforms enable organizations to respond swiftly to changing market demands. This aligns seamlessly with the growing need for agility in today’s fast-paced business environment.

Moreover, low-code platforms contribute to cost savings by diminishing the dependency on extensive coding expertise and manual development efforts. This democratization of application development allows more employees, regardless of technical skill level, to contribute to the creation of digital solutions. The integration of cloud technologies further enhances the appeal of low-code platforms, offering scalability, flexibility, and ease of integration with various cloud services.

• For instance, Microsoft has highlighted the effectiveness of its Power Platform, reporting that organizations leveraging these low-code tools have achieved impressive results, including a 140% return on investment (ROI) and a 45% reduction in app development costs. This underscores the value that low-code platforms bring to businesses seeking to innovate and streamline their digital initiatives.

This chart represents application being made through low-code development platforms VS traditional methods.

Low-Code Development Platform Market Trends

Increased adoption of low code development platforms by enterprises

Initially favored by small and medium enterprises, low-code development platforms are now gaining traction among large enterprises as well. These platforms enable organizations to streamline and modernize their application development processes, which is essential for staying competitive in an evolving digital landscape. By simplifying the development process, enterprises can accelerate their digital transformation initiatives and respond swiftly to market demands. For instance, a report from techUK indicates that approximately 87% of organizations have adopted or are planning to adopt low-code solutions, reflecting a significant shift towards embracing this technology across various sectors.

Focus on citizen development

Another notable trend is the growing emphasis on citizen development, which is significantly supported by low-code development tools. These platforms empower individuals without extensive technical knowledge to create applications tailored to specific business needs. By utilizing visual interfaces, drag-and-drop functionalities, and pre-built templates, citizen developers can quickly build and deploy solutions that enhance operational efficiency and innovation within their organizations.

A prime example of this trend is OutSystems' partnership with Petroliam Nasional Berhad (PETRONAS). Through a Memorandum of Understanding (MoU), OutSystems is providing training resources and expertise to advance low-code application development within the PETRONAS Group. This initiative aims to bolster PETRONAS' Citizen Developer Program, showcasing the potential for low-code platforms to democratize application development and foster innovation across various industries.

Low-Code Development Platform Market Growth Factors

Increased demand for low code artificial intelligence

Artificial Intelligence (AI) is making significant inroads across various industries, but its full potential remains untapped due to a shortage of skilled talent and high installation costs. The integration of AI with low-code development platforms addresses these challenges, enabling users without prior coding experience to create applications while leveraging AI functionalities to enhance their projects. This combination is driving an increased demand for low-code artificial intelligence solutions.

• For instance, Microsoft has highlighted the effectiveness of its Power Platform, reporting that organizations leveraging these low-code tools have achieved impressive results, including a 140% return on investment (ROI) and a 45% reduction in app development costs. This underscores the value that low-code platforms bring to businesses seeking to innovate and streamline their digital initiatives.

Consequently, the rising trend of low-code AI is expected to significantly fuel market expansion for low-code development platforms.

Restraining Factors

Limited software integration and customization capabilities

While low-code technology offers numerous advantages, it also presents certain limitations. A significant constraint is that many low-code tools and platforms lack comprehensive integration with other software solutions. This can hinder users from seamlessly connecting their applications with existing systems or data sources. Many low-code platforms offer limited customization options, restricting users' ability to tailor applications to their specific needs. These challenges can result in user frustration and may deter organizations from fully adopting low-code solutions, potentially slowing market growth in this segment.

Market Opportunities

Digital transformation

The ongoing enterprise-wide digital transformation is significantly accelerating as businesses increasingly emphasize enhancing their operations. Companies across all industries are equipping employees with digital tools, aiming to streamline workflows and improve service delivery while boosting revenue. Low-code development platforms play a crucial role in this transformation by enabling rapid application development and deployment, allowing organizations to adapt quickly to evolving business needs.

• For instance, according to the Mendix Digital Disconnect research, up to 61% of stakeholders reported that they deploy only half of the IT solutions recommended to them. This gap highlights the challenges organizations face in hiring and retaining qualified talent with the necessary skills and experience to implement these solutions effectively. By leveraging low-code platforms, businesses can mitigate these challenges, empowering non-technical users to develop applications that meet their specific requirements without relying heavily on specialized IT personnel.

This opportunity presents a significant growth avenue for low-code development platforms as organizations increasingly prioritize digital transformation initiatives.

Regional Insights

North america: dominant region with major market share

North America holds a leading position in the low-code development platform market, boasting a substantial market share. This region is home to several prominent firms, including Salesforce, Microsoft, Appian, and Pegasystems, which offer a variety of low-code development platforms and services tailored to meet local client needs.

The economic strength of the United States and Canada plays a crucial role in supporting market growth. These countries leverage advanced technological infrastructures and a strong demand for digital transformation, enabling businesses to efficiently adopt low-code solutions for streamlined application development.

Asia-pacific: rapidly growing region.

The Asia-Pacific region is poised for the fastest growth in this market during the forecast period. According to the 2020 Software Survey of Asia-Pacific, over 50% of top executives in the region express confidence in deploying low-code platforms across their organizations. This trend is particularly evident among Chinese IT developers, who are increasingly adopting low-code solutions to enhance workflow efficiency. The Mendix Survey indicates that 9% of IT professionals in the region support low-code platforms.

Moreover, India's ongoing Atmanirbhar Bharat initiative is expected to drive significant growth, fostering a supportive environment for the adoption of low-code technologies.

Countries insights

• United States: The U.S. is among the global leaders in technological innovations, and many major low-code platform provider companies are headquartered in this country. The growing demand for rapid application development and digital transformation also fuelled the growth of this country in this market.

• United Kingdom: The UK has a strong technical ecosystem, which promotes the growth of this market. Around 45% of enterprises are expected to adopt low-code platforms to improve their agility and customer engagement.

• Germany: Germany stands among the European countries with the largest economic status. This country focuses on digitalization by increasing its investment by 20% annually, and many businesses have adopted or planning to adopt low-code solutions to modernize their operations and enhance their productivity.

• India: India has a rapidly growing IT sector and a large number of technically oriented talented people. This country is not only adopting low-code platforms for internal applications but also providing client solutions that are expected to satisfy the demand for quick development.

• Canada: Canada’s primary focus on technology and innovation is supporting the growth of this country's market. The Canadian government is also supporting digital transformation initiatives by providing over USD 1 billion in funding, thus leading to the increasing adoption of low-code platforms across various sectors.

• Australia: Low-code platform demand in Australia is being fuelled by its competitive environment. Organizations in this country are seeking low-code solutions to improve their efficiency and reduce time-to-market for applications to have a competitive edge over others. Around 30% of organizations are using these platforms.

• France: Low-code platforms in France are mostly adopted by startups and SMEs looking for cost-effective and efficient development options to compete in the digital economy. Approximately 35% of SMEs are utilizing low-code development platforms.

• China: China has quite a large number of enterprises that are focusing on digital transformation, thus becoming a significant player in the low-code development market, as this platform will assist in achieving their goals. 70% of enterprises are pursuing digital transformation.

Segmentation Analysis

By component

The Platform segment is poised to capture the largest market share and is expected to exhibit rapid growth during the forecast period. Notable platforms, such as Microsoft Power Apps, Oracle APEX, ServiceNow App Engine, and Zoho Creator, are in high demand due to their user-friendly features, including drag-and-drop interfaces, pre-built templates, and automated workflows. These capabilities facilitate quick and efficient app development, enabling organizations to streamline processes at a reduced cost. For instance, Salesforce.com, Inc. introduced its Salesforce Platform in June 2021 to empower employees lacking technical expertise, thereby further driving market growth.

By deployment

Despite the advantages of cloud solutions, many businesses remain attached to on-premises deployments due to limited understanding and reluctance to shift to cloud-based, low-code application development. This approach continues to be favored, particularly among organizations with established IT infrastructures. For example, in February 2023, Epitope Diagnostics, Inc. launched its automated chemiluminescent immunoassay analyzers, ECL25 and ECL100, showcasing the demand for on-premises solutions that support specialized application needs across various clinical areas.

By platform type

General-purpose platforms are projected to generate the highest revenue share during the forecast period, owing to their versatility and wide-ranging application capabilities. These platforms enable organizations to create diverse applications across various industries, allowing for customization that meets specific business requirements. Their flexibility supports organizations in adapting to evolving needs, enhancing their competitive positioning. As a result, general-purpose platforms play a crucial role in shaping the future landscape of low-code development.

By application type

Web-based applications are increasingly recognized as a company’s digital face and represent the most popular development methodology. Leveraging low-code development platforms allows businesses to swiftly address user-defined requirements and implement essential web applications. This methodology not only accelerates development timelines but also improves user engagement by providing seamless experiences. As organizations strive to enhance their digital presence, web-based applications will continue to be a priority, driving further adoption of low-code solutions.

By enterprise size

Large Enterprises have fully embraced low-code application development platforms, particularly in sectors such as BFSI, IT and telecom, retail, manufacturing, government, and healthcare. These tools enable large organizations to enhance agility, streamline development processes, and reduce application complexity. By simplifying the development of applications, low-code platforms allow large businesses to respond more rapidly to market changes and customer demands, positioning themselves for success in an increasingly competitive landscape.

By industry

The IT & Telecommunication sector is experiencing significant growth driven by the rising demand for rapid application development and integration with legacy systems. Low-code platforms assist organizations in optimizing resources while enhancing customer experience. According to SAP insights, 60% of low-code development initiatives involve collaboration between business users and IT developers, showcasing the effectiveness of low-code solutions in supporting complex workflows and increasing overall efficiency.

Company Market Share

Key Low code development platform market players are investing in advanced technologies and pursuing strategies such as collaborations, acquisitions, and partnerships to enhance their products and expand their market presence.

OutSystems: An Emerging Player in the Low code Development Platform Market

OutSystems is an emerging player in this market. Its platform is designed to assist organizations in building and deploying rapidly as well as managing applications. This company emphasizes rapid application development, integration capabilities, enterprise-grade solutions, cross-platform deployment collaboration, and governance.

Recent Development by OutSystems

• In April 2023, OutSystems entered into a Memorandum of Understanding (MoU) with Petroliam Nasional Berhad (PETRONAS) to advance the adoption of low-code application development within the PETRONAS Group. This partnership entails OutSystems offering training resources, research, and expertise in utilizing its low-code platform to support PETRONAS' Citizen Developer Program.

Recent Developments

• January 2024- MGM Technology Partners (MGM) and q.beyond collaborated for the implementation of software development projects in the future. This partnership aims to cover all types of enterprises, mgm will cover large enterprises, and q.beyond can cover medium and small clients through their A12 partner programs.
• June 2024- Nokod Security declared the general accessibility of the Nokod Security Platform. The platform is created to enable organizations to protect their data against security threats, vulnerabilities, compliance issues, and misconfigurations introduced by LCNC applications and robotic process automation (RPAs).

Analyst Opinion

As per our analyst, the demand for low-code development platforms is experiencing significant growth, primarily driven by the increasing need for digital transformation across various industries. Organizations are actively seeking faster and more cost-effective methods for application development, minimizing reliance on specialized coding skills. The integration of AI features within these platforms further enhances their appeal, enabling businesses to manage processes efficiently and derive valuable insights from data.

However, despite this positive trajectory, several factors are constraining market growth. These include limitations in software integration and customization capabilities, which may hinder user flexibility. Moreover, security concerns regarding data protection in low-code environments pose a challenge that organizations must address to fully leverage the potential of low-code development.