The global low-code development platform market is expected to grow from USD 7.17 billion in 2019 to USD 74.66 billion by 2027, at a CAGR of 28.1% during the forecast period 2020-2027.
A low-code development platform or LCDP is a computer software that offers a development framework using Graphical UI and setup instead of the standard hand-coded computer programming to build applications. In conjunction with model-driven logic, a low-code model enables software developers of diverse skill levels to build complicated applications easily with the help of a visual user interface. Its low cost of development, ease of use characteristics, and the growing need for technological automation & creative applications are some factors that are expected to boost the market growth worldwide.
This study delivers a comprehensive analysis of component, organization size, industry, application and regions. The research includes growth drivers as well as challenges prevalent in the global low-code development platform market along with the impact they will have on the overall demand during the forecasted period. Additionally, the study also includes various opportunities & threats that are present in the low-code development platform market. On the basis of component, the market has been segmented into services and platforms. The organization size segment includes small & medium-sized enterprises and large enterprises segments. Based on industry, the global low-code development platform industry has been segmented into IT, BFSI, government & defence, retail & eCommerce, manufacturing, energy & utilities, healthcare, and others. The BSFI segment is forecasted to grow at the highest rate during the projected period since it needs low-code development platforms to process the vast amounts of data and information flowing through the BSFI industry. The application segment includes desktop & server-based, mobile-based, and web-based. The web-based segment is said to witness the highest growth rate among others due to its ease of use characteristics.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. With the APAC region being the global IT outsourcing hub for many western countries, rising internet & smartphone penetration, rising purchasing power of the consumer, and rapid economic growth, the Asia-Pacific region stands as a promising market for low-code development platform and is expected to grow at the highest CAGR of during the forecast period. However, the North America region is anticipated to hold the majority of the global market share thanks to the presence of key players, growing R&D activities, smartphone app usage etc.
Some of the notable players in the low-code development platform market are Microsoft, Zoho, LANSA, Oracle, Magic Software Enterprises, Pegasystems, and K2, among others. The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global low-code development platform industry.
For instance, Appian released the most recent edition of the Appian Low-Code Automation System in March 2020. The latest variant delivers streamlined, scalable, and quick enterprise automation with material business effects.
This study predicts revenue growth at global, national, and country levels from 2020 to 2027. Fior Markets has segmented the market based on below-mentioned segments:
Global Low-Code Development Platform Market Analysis And Forecast, By Component
Global Low-Code Development Platform Market Analysis And Forecast, By Organization Size
Global Low-Code Development Platform Market Analysis And Forecast, By Industry
Global Low-Code Development Platform Market Analysis And Forecast, By Application
Global Low-Code Development Platform Market Analysis And Forecast, By Regional Analysis
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Component
4.3.2. Market Attractiveness Analysis By Organization Size
4.3.3. Market Attractiveness Analysis By Industry
4.3.4. Market Attractiveness Analysis By Application
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restrains
5.4. Opportunities
5.5. Challenges
6. Global Low-Code Development Platform Market Analysis and Forecast, By Component
6.1. Segment Overview
6.2. Services
6.3. Platform
7. Global Low-Code Development Platform Market Analysis and Forecast, By Organization Size
7.1. Segment Overview
7.2. Small & Medium-Sized Enterprises
7.3. Large Enterprises
8. Global Low-Code Development Platform Market Analysis and Forecast, By Industry
8.1. Segment Overview
8.2. IT
8.3. BFSI
8.4. Government & Defence
8.5. Retail & Ecommerce
8.6. Manufacturing
8.7. Energy & Utilities
8.8. Healthcare
8.9. Others
9. Global Low-Code Development Platform Market Analysis and Forecast, By Application
9.1. Segment Overview
9.2. Desktop & Server-Based
9.3. Mobile-Based
9.4. Web-Based
10. Global Low-Code Development Platform Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Low-Code Development Platform Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Low-Code Development Platform Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Microsoft
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Zoho
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. LANSA
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Oracle
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Magic Software Enterprises
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Pegasystems
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. K2
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
List of Table
1. Global Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
2. Global Services Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
3. Global Platform Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
4. Global Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
5. Global Small & Medium-Sized Enterprises Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
6. Global Large Enterprises Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
7. Global Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
8. Global IT Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
9. Global BFSI Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
10. Global Government & Defence Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
11. Global Retail & Ecommerce Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
12. Global Manufacturing Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
13. Global Energy & Utilities Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
14. Global Healthcare Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
15. Global Others Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
16. Global Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
17. Global Desktop & Server-Based Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
18. Global Mobile-Based Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
19. Global Web-Based Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
20. Global Low-Code Development Platform Market, By Region, 2017-2027(USD Billion)
21. Global Low-Code Development Platform Market, By North America, 2017-2027(USD Billion)
22. North America Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
23. North America Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
24. North America Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
25. North America Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
26. U.S. Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
27. U.S. Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
28. U.S. Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
29. U.S. Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
30. Canada Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
31. Canada Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
32. Canada Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
33. Canada Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
34. Mexico Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
35. Mexico Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
36. Mexico Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
37. Mexico Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
38. Europe Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
39. Europe Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
40. Europe Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
41. Europe Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
42. Germany Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
43. Germany Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
44. Germany Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
45. Germany Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
46. France Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
47. France Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
48. France Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
49. France Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
50. U.K. Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
51. U.K. Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
52. U.K. Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
53. U.K. Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
54. Italy Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
55. Italy Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
56. Italy Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
57. Italy Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
58. Spain Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
59. Spain Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
60. Spain Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
61. Spain Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
62. Asia Pacific Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
63. Asia Pacific Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
64. Asia Pacific Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
65. Asia Pacific Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
66. Japan Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
67. Japan Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
68. Japan Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
69. Japan Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
70. China Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
71. China Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
72. China Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
73. China Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
74. India Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
75. India Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
76. India Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
77. India Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
78. South America Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
79. South America Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
80. South America Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
81. South America Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
82. Brazil Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
83. Brazil Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
84. Brazil Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
85. Brazil Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
86. Middle East and Africa Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
87. Middle East and Africa Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
88. Middle East and Africa Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
89. Middle East and Africa Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
90. UAE Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
91. UAE Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
92. UAE Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
93. UAE Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
94. South Africa Low-Code Development Platform Market, By Component, 2017-2027(USD Billion)
95. South Africa Low-Code Development Platform Market, By Organization Size, 2017-2027(USD Billion)
96. South Africa Low-Code Development Platform Market, By Industry, 2017-2027(USD Billion)
97. South Africa Low-Code Development Platform Market, By Application, 2017-2027(USD Billion)
List of Figures
1. Global Low-Code Development Platform Market Segmentation
2. Low-Code Development Platform Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Low-Code Development Platform Market Attractiveness Analysis By Component
9. Global Low-Code Development Platform Market Attractiveness Analysis By Organization Size
10. Global Low-Code Development Platform Market Attractiveness Analysis By Industry
11. Global Low-Code Development Platform Market Attractiveness Analysis By Application
12. Global Low-Code Development Platform Market Attractiveness Analysis By Region
13. Global Low-Code Development Platform Market: Dynamics
14. Global Low-Code Development Platform Market Share By Component (2019 & 2027)
15. Global Low-Code Development Platform Market Share By Organization Size (2019 & 2027)
16. Global Low-Code Development Platform Market Share By Industry (2019 & 2027)
17. Global Low-Code Development Platform Market Share By Application (2019 & 2027)
18. Global Low-Code Development Platform Market Share by Regions (2019 & 2027)
19. Global Low-Code Development Platform Market Share by Company (2019)
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