Low-Code Development Platform Market Trends and Scope 2031
Low-Code Development Platform Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ 25.66 billion |
Market Size by 2031 | US$ 141.31 billion |
Global CAGR (2025 - 2031) | 27.6% |
Historical Data | 2021-2023 |
Forecast period | 2025-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Low-Code Development Platform Market News and Recent Developments
The low-code development platform market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the low-code development platform market are listed below:
- Today, at ServiceNow’s annual customer and partner event, Knowledge 2024, ServiceNow (NYSE: NOW), the AI platform for business transformation, introduced a new no?code development studio and new automation capabilities to accelerate and scale digital transformation across the enterprise. New Creator Studio – available with ServiceNow App Engine – extends existing low?code leadership with an intuitive, no?code experience that empowers every employee to build applications. In addition, updates to Automation Engine – part of ServiceNow’s intelligent automation offering – provide a more comprehensive view of automation and simplify robotic process automation (RPA) deployments. These new solutions and tools further complement ServiceNow’s growing Now Assist for Creator generative AI capabilities.
(Source: ServiceNow, Press Release, May 2024)
- Nintex, a leader in process intelligence and automation, announced it had closed its acquisition of low-code cloud platform Skuid following the deal agreement announcement on December 12, 2023.
(Source: Nintex UK Ltd, Press Release, January 2024)
Low-Code Development Platform Market Report Coverage and Deliverables
The “Low-Code Development Platform Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Low-code development platform market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Low-code development platform market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Low-code development platform market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the low-code development platform market
- Detailed company profiles