Low-code Development Platform Market to Reach USD 67.12 Billion by 2030, Driven by Cloud Adoption and Web-Based Applications

Low-code Development Platform Market Outlook 

The Low-code Development Platform Market is set for significant growth, reflecting the increasing demand for faster and more efficient application development solutions. The market, valued at USD 26.30 billion in 2025, is expected to reach USD 67.12 billion by 2030, growing at a CAGR of 20.61%. Low-code platforms help organizations reduce development time, address legacy system challenges, and comply with regulatory requirements efficiently. Businesses across BFSI, retail, and other sectors are leveraging these platforms to accelerate digital transformation and streamline operations. 

Key Trends 

Mandated Modernization of U.S. Federal COBOL Systems 

Federal agencies are replacing legacy COBOL systems with low-code platforms, reducing contract overhead by 23% and expanding procurement opportunities for compliant vendors. 

Real-Time Composable Banking in the EU 

Banks in Europe adopt low-code to meet API and ICT compliance requirements, keeping pace with fintech release speeds. 

APAC Insurers Adopt Low-Code Audit Trails 

Asia-Pacific insurers use low-code for IFRS 17 and climate-risk audit trails, enabling actuarial adjustments without coding. 

Generative AI Copilots Reduce Development Time 

Generative AI within low-code platforms reduces build times by up to 40%, boosting efficiency for professional and citizen developers. 

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/low-code-development-platform-market?utm_source=Industrytoday.co.uk   

Market Segmentation 

By Component: 

• Platform 
• Services 

By Application Type: 

• Web-Based 
• Mobile-Based 
• Desktop / Server-Based 
• API-Centric & Micro-Services 

By Deployment Mode: 

• Cloud 
• On-Premise 

By Organization Size: 

• Small and Medium Enterprises (SMEs) 
• Large Enterprises 

By Industry Vertical: 

• Banking 
• Financial Services and Insurance (BFSI) 
• Retail and E-commerce 
• Government and Defense 
• IT and Telecom 
• Healthcare and Life Sciences 
• Manufacturing 
• Energy and Utilities 
• Education 
• Media and Entertainment 
• Others (Transportation, Real Estate) 

By Geography: 

• North America: United States, Canada, Mexico 
• South America: Brazil, Argentina, Rest of South America 
• Europe: United Kingdom, Germany, France, Italy, Spain, Nordics, Rest of Europe 
• Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific 
• Middle East and Africa: South Africa, Saudi Arabia, UAE, Nigeria, Rest of MEA 

Low-code Development Platform Market companies 

1. Salesforce.com Inc. 
2. Microsoft Corporation 
3. Appian Corporation 
4. Oracle Corporation 
5. OutSystems Inc.

Dominating Country 

North America is the largest market for low-code development platforms, driven by strong adoption in government and enterprise sectors. The U.S. leads in regulatory compliance and digital initiatives, making it a key hub for market growth. 

Conclusion 

The Low-code Development Platform Market continues to expand as organizations across industries adopt cloud-based and AI-assisted solutions to accelerate application development. With strong demand from government and easier compliance, making them a vital tool for modern businesses worldwide. 

Explore related reports from Mordor Intelligence 

Rapid Application Development Market: https://www.mordorintelligence.com/industry-reports/rapid-application-development-market?utm_source=Industrytoday.co.uk  

Mobile Application Development Platform Market: https://www.mordorintelligence.com/industry-reports/mobile-application-development-plaform-market?utm_source=Industrytoday.co.uk  

App Development Market: https://www.mordorintelligence.com/industry-reports/app-development-market?utm_source=Industrytoday.co.uk  

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