Low Code Development Platform

Low Code Development Platform

Global Low Code Development Platform Market to Reach $125.8 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Low Code Development Platform estimated at US$12.8 Billion in the year 2020, is projected to reach a revised size of US$125.8 Billion by 2027, growing at a CAGR of 38.6% over the period 2020-2027. Web-Based, one of the segments analyzed in the report, is projected to record 37.3% CAGR and reach US$53.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Mobile segment is readjusted to a revised 39.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.9 Billion, While China is Forecast to Grow at 36.5% CAGR

The Low Code Development Platform market in the U.S. is estimated at US$3.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$20.2 Billion by the year 2027 trailing a CAGR of 36.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35.2% and 32.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 26.2% CAGR.

Select Competitors (Total 38 Featured) -

• Agilepoint, Inc.
• Appian Corporation
• Caspio, Inc.
• MatsSoft Ltd.
• Mendix Inc.
• Outsystems
• Salesforce.com, Inc.
• ServiceNow, Inc.
• SourceCode Technology Holdings, Inc. dba k2

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