Low Code Development Platform Market, By Deployment Mode (Cloud and On-premise), By Enterprise Size (Large Enterprises and Small and Medium-sized Enterprises), By Application Type (Web-based Application, Mobile-based Application, and Desktop and Server-based Application), By Industry Vertical (BFSI, IT and Telecom, Manufacturing, Healthcare, Retail and E-commerce, Government, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024

Code : CMI5222

Pages :172

Formats :

Excel and PDF

Industry : Smart Technologies

Regional Analysis

Low Code Development Platform Market Regional Insights

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North America has established itself as the dominant regional market with market share of 41.8% in 2024, for low code development platforms market. This can largely be attributed to early adoption and maturation of digital transformation initiatives across industries in the region. Organizations recognized the potential of low code tools to increase development team productivity and quickly deliver applications without extensive coding knowledge. As a result, companies like Salesforce, Microsoft, and Out Systems have established a strong customer base in North America over the years. In addition, the presence of innovative startups and scaleups working on low code continues to expand the appeal of these platforms. Vendors also focus on customizing their offerings as per the requirements of American businesses to ensure optimal user experience.

Asia Pacific, on the other hand, has emerged as the fastest growing regional market with CAGR of 34.28% in 2024, for low code platforms market. Digital technologies have seen widespread acceptance in the region in the last few years, primarily driven by growing internet and smartphone penetration. Additionally, enterprises are under increasing pressure to innovate quickly and build applications that enhance customer experience. This has prompted many organizations in Asia Pacific to look at low code capabilities that can help fuel their digital ambitions. Countries like India, China, and Australia are recognizing the potential of low code to overcome technical challenges of limited in-house development skills. Several technology startups and independent software vendors are also leveraging low code to build applications for both domestic as well as international markets. With digitalization efforts accelerating across industries, the Asia Pacific low code development platform market is expected to see continued momentum in the foreseeable future.