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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.