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Low-Code Application Development Platform Market Share

  • Report ID: GMI8167
  • Published Date: Feb 2024
  • Report Format: PDF
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Low-Code Application Development Platform Market Share

Microsoft Corporation and Salesforce Inc. hold a significant market share of around 10% in the market. Microsoft Corporation creates an integrated low-code development environment by using its vast range of products and services including the Azure cloud platform, Power Platform, and Visual Studio. The company also integrates low-code development tools with current Microsoft programs to provide developers with a consistent experience.
 

Salesforce, Inc. integrates low-code development platforms with Salesforce CRM and other cloud services to allow for seamless data integration, workflow automation, and customer interaction. To offer clients a fully developed environment, the company also leverages Salesforce's network of cloud services including Heroku and MuleSoft.
 

Low-Code Application Development Platform Market Companies

Major companies operating in the low-code application development platform industry are:

  • Appian Corporation
  • Mendix
  • Microsoft Corporation
  • Oracle Corporation
  • Outsystems
  • Pegasystems, Inc.
  • Quickbase, Inc.
  • Salesforce Inc.
  • ServiceNow, Inc.
  • Zoho Corporation Pvt. Ltd.
Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of low-code application development platform reached USD 10.5 billion in revenue in 2023 and is set to witness 21% CAGR from 2024 to 2032, owing to increasing investments in low-code mobile app development platforms worldwide.

The large enterprises segment held over 65% revenue share in 2023, due to having greater IT budgets and many workers, allowing them to invest in low-code platforms.

North America recorded over 30% of the market share in 2023, attributed to fast-paced corporate climate in the region.

Appian Corporation, Mendix, Microsoft Corporation, Oracle Corporation, Outsystems, Pegasystems, Inc., Quickbase, Inc., and Salesforce Inc. are some of the major low-code application development platform companies worldwide.

Low-Code Application Development Platform Market Scope

  • Low-Code Application Development Platform Market Size
  • Low-Code Application Development Platform Market Trends
  • Low-Code Application Development Platform Market Analysis
  • Low-Code Application Development Platform Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 20
    • Tables & Figures: 351
    • Countries covered: 21
    • Pages: 230
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