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Low Code Development Platform Market

Pages: 200 | Base Year: 2024 | Release: July 2025 | Author: Versha V.

Market Definition

A low-code development platform allows users to create applications with minimal manual coding through visual interfaces, reusable components, and drag-and-drop features. 

The market includes platforms and services that support cross-departmental development for both professional developers and business users, targeting building internal and customer-facing applications. It includes tools for web, mobile, and cloud deployment. It also covers integration, testing, and lifecycle services to support scalable and secure application delivery.

The global low code development platform market size was valued at USD 25.67 billion in 2024 and is projected to grow from USD 31.86 billion in 2025 to USD 175.08 billion by 2032, exhibiting a CAGR of 27.56% during the forecast period. The market is growing as companies across industries seek scalable, flexible solutions to accelerate application delivery. 

These platforms enable faster development through visual tools, prebuilt components, and limited coding, helping reduce time-to-market. Key growth factors include increasing demand for customized applications, modernization of legacy systems, and pressure to manage growing IT workloads.

Key Market Highlights:

  1. The low code development platform industry size was valued at USD 25.67 billion in 2024.
  2. The market is projected to grow at a CAGR of 27.56% from 2025 to 2032.
  3. North America held a share of 36.55% in 2024, valued at USD 9.38 billion.
  4. The platform segment garnered USD 14.80 billion in revenue in 2024.
  5. The cloud-based segment is expected to reach USD 110.79 billion by 2032.
  6. The small & medium enterprises (SMEs) segment is projected to generate a value of USD 88.13 billion by 2032.
  7. The desktop & server-based segment is expected to reach USD 79.14 billion by 2032.
  8. The BFSI segment is likely to reach USD 59.30 billion by 2032.
  9. Asia Pacific is anticipated to grow at a CAGR of 30.19% over the forecast period.

Major companies operating in the low code development platform market are Microsoft, OutSystems, Salesforce, Inc., ServiceNow, Appian, Zoho Corporation Pvt. Ltd., Siemens, Oracle, Pegasystems Inc., Alphabet Inc., IBM, SAP SE, Quickbase, Betty Blocks, and Kissflow Inc.

Low Code Development Platform Market Size & Share, By Revenue, 2025-2032

Low Code Development Platform Market Report Snapshot

Segmentation

Details

By Component

Platform, Services

By Deployment Mode

Cloud-based, On-premise

By Enterprise Size

Large Enterprises, Small & Medium Enterprises (SMEs)

By Application

Web-based, Web-based, Desktop & Server-based

By End-use Industry

BFSI, Healthcare & Life Sciences, Manufacturing, Retail & E-commerce, IT & Telecommunications, Others

By Region

North America: U.S., Canada, Mexico

Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe

Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific

Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa

South America: Brazil, Argentina, Rest of South America

Low Code Development Platform Market Regional Analysis

Based on region, the market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The North America low code development platform market accounted for a substantial share of 36.55% in 2024, valued at USD 9.38 billion. This dominance is reinforced by the widespread presence of large enterprises with complex IT infrastructures. 

These organizations require scalable and flexible application development solutions to modernize legacy systems and streamline internal processes. Low-code platforms have gained traction as they enable IT departments to rapidly build and deploy custom applications while maintaining control over security, integration, and performance. 

Additionally, the regional market benefits from a highly developed cloud ecosystem, which supports seamless deployment and scalability of low-code applications across hybrid and multi-cloud environments. This has further accelerated platform adoption across key industries.

Low Code Development Platform Market Size & Share, By Region, 2025-2032

The Asia-Pacific low code development platform industry is expected to register the fastest CAGR of 30.19% over the forecast period. This growth is fostered by the rapid integration of AI capabilities into application development processes. 

Companies are increasingly adopting AI-enhanced low-code tools to automate workflows, accelerate digital transformation, and build intelligent applications. The presence of major technology providers and the growing demand for scalable, cost-efficient solutions have further supported regional market expansion. 

These factors are enabling businesses to reduce development time and improve productivity, positioning Asia Pacific as the fastest-growing region for low-code development platforms.

  • In November 2024, FPT entered a three-year partnership with OutSystems to become a reseller and delivery partner in South Korea. This collaboration aims to accelerate digital transformation through AI-powered low-code solutions, enabling faster application development, joint sales initiatives, and enhanced operational efficiency for Korean enterprises facing IT resource and timeline challenges.

Low Code Development Platform Market Overview

Adoption of low-code development platforms is rising in sectors such as finance, healthcare, and manufacturing, as organizations seek to improve agility and responsiveness. This trend is expanding platform capabilities, increasing demand for enterprise-grade solutions, and fostering continuous innovation across the low-code ecosystem.

  • In June 2025, Jitterbit expanded its global partner program and launched new Jitterbit University curricula to support solution providers and resellers in delivering automation and agentic AI solutions. The initiative aims to accelerate partner growth through structured onboarding, financial incentives, training, and access to Jitterbit’s low-code Harmony platform for building AI agents and automating enterprise systems

Market Driver

Rising Enterprise Demand for Operational Efficiency and Process Automation

The market is experiencing significant growth, as enterprises focus on operational efficiency and business process automation to meet increasing digital demands. Organizations face pressure to streamline operations without raising IT complexity, costs, or staffing levels. 

Low code platforms offer a practical solution by enabling rapid application development with minimal coding. IT teams and business users can build applications that address specific workflow needs. These platforms help reduce manual effort, improve turnaround time, and enhance productivity across functions. 

Enterprises can rapidly deploy internal tools, optimize resource allocation, and address operational issues in real time. With rising digital expectations, low code platforms have become critical to strategies focused on agility, responsiveness, and scalable innovation.

  • In February 2025, SN Aboitiz Power Group partnered with Kissflow to digitize over 95 manual processes through its low-code platform. This collaboration enhanced operational efficiency, improved cross-departmental collaboration, and supported scalable workflow automation aligned with SNAP's clean energy and sustainability goals.

Market Challenge

Integration with Legacy Systems

The low code development platform market continues to face integration challenges with legacy systems and enterprise applications. Many organizations rely on older infrastructure that lacks compatibility with modern development tools. 

This creates barriers to interoperability and slows digital transformation efforts. Without seamless integration, low code applications cannot access critical business data or operate effectively across departments.

Companies are integrating API (Application Programming Interface) management frameworks into their platforms to create, manage, and secure APIs that connect low code applications with legacy systems. 

These frameworks streamline integration, ensure stable data exchange, and maintain system compatibility. This approach enables enterprises to adopt low code solutions without disrupting existing infrastructure.

  • In March 2025, Aras launched InnovatorEdge, a low-code API management framework integrated into its Aras Innovator platform. The solution simplifies API creation and integration, enabling secure, scalable access to PLM and digital thread data, while supporting mobile app development, enterprise system integration, and AI-driven analytics through collaboration with Microsoft services such as Fabric and 365 Copilot.

Market Trend

Growing Demand for Industry-Specific Low Code Solutions

The market is evolving as companies seek solutions tailored to the requirements of specific industries. Businesses in sectors such as energy, manufacturing, and infrastructure require platforms that align with their unique workflows, regulatory frameworks, and operational needs. 

Generic development tools often lack the flexibility to support these specialized environments. Low code platforms are now being designed with built-in features, templates, and integration capabilities that reflect the demands of vertical markets. 

This trend supports faster deployment, greater efficiency, and improved compliance across critical applications. The growing complexity of industry-specific needs is boosting demand for targeted and flexible low code solutions.

  • In September 2024, Zoho Corporation launched Zoho IoT, a customizable low-code platform for building and deploying IoT solutions. The platform supports verticals such as Industrial IoT, Smart Buildings, Energy Management, and Connected OEMs, offering real-time data integration, AI capabilities, and interoperability with third-party hardware to enhance operational efficiency and customer experience.

Market Segmentation

  • By Component (Platform and Services): The platform segment earned USD 14.80 billion in 2024, mainly due to the increasing demand for visual development tools that reduce coding complexity and accelerate application delivery.
  • By Deployment Mode (Cloud-based and On-premise): The cloud-based segment held a share of 54.34% in 2024, fueled by rising adoption of SaaS models and the need for scalable, remote-accessible development environments.
  • By Enterprise Size (Large Enterprises and Small & Medium Enterprises (SMEs)): The small & medium enterprises (SMEs) segment is projected to reach USD 88.13 billion by 2032, owing to the growing need for cost-effective, flexible development solutions that require minimal IT infrastructure.
  • By Application (Web-based, Web-based, and Desktop & Server-based): The desktop & server-based segment is estimated to reach USD 79.14 billion by 2032, owing to enterprise reliance on robust, on-premise systems for critical business functions.
  • By End-use Industry (BFSI, Healthcare & Life Sciences, Manufacturing, Retail & E-commerce, IT & Telecommunications, and Others): The BFSI segment is anticipated to reach USD 59.30 billion by 2032, fueled by the sector's focus on workflow automation, regulatory compliance, and rapid deployment of financial applications

Regulatory Frameworks

  • In the U.S., the Federal Information Security Modernization Act (FISMA) and the Health Insurance Portability and Accountability Act (HIPAA) mandate that software platforms, including low-code solutions used in federal agencies and healthcare, ensure the protection of sensitive data and maintain strict security compliance.
  • In Europe, the General Data Protection Regulation (GDPR) sets requirements for low-code platforms to minimize data use, ensure lawful processing, and implement strong user consent mechanisms, with significant penalties for violations.
  • In Japan, the Act on the Protection of Personal Information (APPI) requires digital service providers, including low-code platforms, to provide clear data handling disclosures, uphold user rights, and implement safeguards when sharing data with third parties.
  • In India, the Digital Personal Data Protection Act, 2023 outlines requirements for digital platforms, including low-code applications, to collect, store, and process personal data with a focus on purpose limitation, data fiduciary accountability, and mandatory breach notifications.

Competitive Landscape

The low code development platform market is characterized by companies adopting strategic partnerships and investing in product innovation to enhance competitiveness. Partnerships with enterprise software providers and cloud platforms improve deployment flexibility and integration. 

Product innovation focuses on adding capabilities such as drag-and-drop interfaces, AI-driven development assistants, and built-in connectors for third-party applications. These features simplify application building, support faster automation, and enhance user adoption. 

By advancing platform functionality and strengthening ecosystem integration, companies are improving the value proposition of low code solutions across industries and widening their reach in enterprise environments.

  • In February 2025, FintechOS launched Evolv, an upgraded platform featuring advanced AI and no-code capabilities for financial institutions. The update includes tools such as Journey Designer and Back Office Workflow Designer, enabling banks and insurers to streamline customer journeys, automate workflows, and enhance integration with legacy systems through low-code and AI-powered development features.

Key Companies in Low Code Development Platform Market:

  • Microsoft
  • OutSystems
  • Salesforce, Inc.
  • ServiceNow
  • Appian
  • Zoho Corporation Pvt. Ltd.
  • Siemens
  • Oracle
  • Pegasystems Inc.
  • Alphabet Inc.
  • IBM
  • SAP SE
  • Quickbase
  • Betty Blocks
  • Kissflow Inc.

Recent Developments (Product Launches)

  • In April 2025, Tata Consultancy Services launched TCS DigiBOLT, an AI-enabled low-code platform designed to accelerate digital innovation in India. The platform enables enterprises to model, automate, and optimize processes at scale, unify legacy systems, and build AI-first applications, supporting faster implementation and improved enterprise agility.
  • In October 2024, Midio launched a collaborative low-code platform that allows business users and Rust developers to build workflows using visual nodes. The platform compiles applications into portable executables that run in any container or server environment, addressing portability and vendor lock-in issues common in other low-code solutions.
  • In August 2024, Newgen Software launched the world’s first low-code, end-to-end Trade Finance Platform in the Middle East. Built on the NewgenONE platform, the solution enables banks to digitize trade finance operations, enhance compliance, and improve efficiency using AI-powered automation, while supporting economic growth and SME financing across the region.
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