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Streamlining Software: Low-Code Development Market 2023-2029

Aishwarya Bhasme
Streamlining Software: Low-Code Development Market 2023-2029

Low-Code Development Platform Market Report size was valued at USD 22.04 Bn. in 2022 and the total Low-Code Development Platform revenue is expected to grow at 27.8% from 2023 to 2029, reaching nearly USD 122.75 Bn.

Low-Code Development Platform Market Report Overview

A new report published by Global Market Intelligence firm, Maximize Market Research, indicates that the Low-Code Development Platform Market is expected to grow significantly in the coming years. The report identifies the key drivers of growth, as well as the major restraints and challenges that the market is facing. It also provides insights into the potential opportunities that exist in the market.

For detail insights on this market, request for methodology here


Low-Code Development Platform Market Report Scope

The report provides current Low-Code Development Platform market trends and regional insights, including demand, supply, and sales, as well as recent changes in the market. It focuses on the key drivers and restraints for key players, as well as the current competitive landscape. The report also provides the latest data on market statistics, future developments, size, and emerging trends, which can help you identify the products and end users that are driving revenue growth and profitability. It also includes company profiles, product specifications, production capacity/sales, revenue, price, gross margin, and sales by product.

Low-Code Development Platform Market Regional Analysis

The Low-Code Development Platform market report provides a comprehensive overview of the market, including its geographic condition, market size and share, business network structure, opportunities, and news updates.

Low-Code Development Platform Market Segmentation

Because of the growing demand for financial services to be digitalized, including origination, client onboarding, self-servicing, back office operations, etc., the BFSI segment had the greatest revenue share by industry in 2022, accounting for over 30% of total revenue. Low-code development platforms are gaining popularity among them as a way to enhance user experiences, cut down on operating expenses, foster organizational agility, and accelerate time to market.

The way financial service (FS) firms create value for their clients, employees, and other stakeholders has changed significantly over the course of several technological generations. The need for apps and software solutions is rising as a result of the continual need to innovate, comply with regulatory requirements, and find answers to problems more quickly than previously. Financial services companies are increasingly using minimal-code platforms for quick application development at

The banking, financial services, and insurance (BFSI) industry is seeing an increase in customer demand for cutting-edge digital products and services, which calls for a quicker application development process to allow for frequent updates and a short time-to-market for new products. For their applications, banks need to be developed using a contemporary, straightforward, and safe methodology that makes use of publicly available frameworks, reusable code, and componentry.

By providing support for safer, reusable, and tested components and reducing service and application development costs, low-code and no-code platforms satisfy this desire. Additionally, they can help banks and insurers quickly introduce new business operations. Low-code platforms are becoming more popular with developers, business, and leadership teams as a result, and they are employed in BFSI enterprises to successfully implement digital transformation.

Low-Code Development Platform Market Size and Forecast, by Component (2022-2029)

1. Solution

2. Services

Low-Code Development Platform Market Size and Forecast, by Deployment Mode (2022-2029)

1. On-Premises

2. Cloud

Low-Code Development Platform Market Size and Forecast, by Application Type (2022-2029)

3. Web-Based

3. Mobile-Based

Low-Code Development Platform Market Size and Forecast, by Organization Size (2022-2029)

1. Small And Medium-Sized Enterprises (SMEs)

2. Large Enterprises

Low-Code Development Platform Market Size and Forecast, by Industry (2022-2029)

1. Banking, Financial Services, And Insurance (BFSI)

2. Telecom And IT

3. Government

4. Energy And Utilities

5. Manufacturing

6. Healthcare And Life Sciences

7. Retail And Ecommerce

8. Media And Entertainment

9. Education

Low-Code Development Platform Market Size and Forecast, by Region (2022-2029)

1. North America

2. Europe

3. Asia Pacific

4. Middle East and Africa

5. South America

For any Queries Linked with the Report, Ask an Analyst


Low-Code Development Platform Market Key Players

1. Caspio (US)

2. OutSystems (US)

3. Appian (US)

4. Salesforce (US)

5. Quickbase, Inc. (US)


7. ServiceNow (US)

8. AgilePoint, Inc. (US)

9. Bizagi (US)

10.Microsoft Corporation (US)

11.Oracle Corporation (US)

12.Pegasystems Inc (US)

13.KissFlow (US)

14.Blazedpath (US)

15.Mendix Technology BV (Netherlands)

16.Appsemble BV. (Netherlands)

17.Novulo (Netherlands)

18.Smart Shaped SRL (Italy)

19.Aurachain (Romania)

20.ClickPaas (China)

21.eNextCloud (India)

22.Zoho Corporation (India)

23.Magic Software Enterprises Ltd (Israel)

For any Queries Linked with the Report, Ask an Analyst


Key Questions answered in the Low-Code Development Platform Market Report are:

  • What is Low-Code Development Platform?
  • What is the forecast period of the Low-Code Development Platform Market?
  • What is the expected Low-Code Development Platform market size by the end of the forecast period?
  • What will be the CAGR of the Low-Code Development Platform market during the forecast period?
  • Who are the key players in the Low-Code Development Platform industry?
  • Which region held the largest market share in the Low-Code Development Platform Market?
  • What are the opportunities for the Low-Code Development Platform Market?
  • What are the factors restraining the Low-Code Development Platform market growth?

Key Offerings:

  • Past Market Size and Competitive Landscape (2017 to 2021)
  • Past Pricing and price curve by region (2017 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis of segments and their sub-segments
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

Contact Maximize Market Research:

  • ⮝ 444 West Lake Street, Floor 17,
  •     Chicago, IL, 60606, USA.
  • ✆ +1 800 507 4489
  • ✆ +91 9607365656
  • 🖂 [email protected]

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Aishwarya Bhasme
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