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Low Code Development Platform Market

Low Code Development Platform Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The low code development platform market size is expected to reach US$ 115 Billion by 2032.

The low code development platform market is expected grow at a CAGR of 24.9% from 2023 to 2032.

The low code development platform market was estimated to be US$ 12.5 Billion in 2022.

The growing adoption of cloud-based technologies and the increasing need for digital transformation are the major drivers in the global low code development platform market.

North America is a prominent market for low-code development platforms. The region has a strong presence of major low-code platform vendors and a high adoption rate of digital technologies.

The low code development platform market leading players are Appian Corporation, Bizagi, Creatio, Google LLC, HCL Technologies Limited, Kony, Inc., Mendix, Microsoft Corporation, Oracle Corporation, OutSystems, Pegasystems Inc., Salesforce.com, Inc., ServiceNow, Inc., Siemens AG, Zoho Corporation and many more.

Financial Services, and Insurance (BFSI) is the largest end-user industry segment in the low-code development platform market. The BFSI industry has been at the forefront of digital transformation, driven by the need for streamlined processes, improved customer experiences, and enhanced operational efficiency.

The global low code development platform market segmented on the basis of deployment type, organization size, application, end-user industry, functionality and region.