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Global No-Code Development Platforms Market Size Forecast 2024 - 2033

18 Dec, 2024

What Is The Scope Of The Global No-Code Development Platforms Market?

No-code development platforms are software tools that allow users to create apps or software solutions without using traditional programming code. These platforms aim to democratize software development by making it available to individuals and teams with different technical expertise. Also, it frequently speeds up the development process, lowers expenses, and allows firms to innovate and iterate more quickly.

No-Code Development Platforms Global Market Report 2024 provides data on the global no-code development platforms market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The no-code development platforms market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.

What Are The Expected Annual Growth Rates And Market Size Estimates For The Global No-Code Development Platforms Sector?

The no-code development platforms market has expanded exponentially, from $22.11 billion in 2023 to $28.11 billion in 2024, with a CAGR of 27.1%. Growth is driven by reduced IT backlogs, demand for rapid application development, cloud adoption, and third-party integration. The market is expected to reach $73.84 billion by 2028 with a CAGR of 27.3%, propelled by digital transformation, growth in e-commerce, enhanced mobility needs, and hyper-automation. Emerging trends include AI integration, drag-and-drop enhancements, low-code features, and blockchain technology incorporation.

Which Factors Are Boosting Growth In The No-Code Development Platforms Market?

The growing need for digital transformation is expected to drive the expansion of the no-code development platforms market. Digital transformation, involving the integration of digital technology into business operations, is driven by trends such as remote work, data-driven decision-making, and the pursuit of operational efficiency. No-code platforms enable non-technical users to develop applications and automate processes without coding expertise, addressing IT talent shortages and aligning with rapid digital transformation needs. For example, a 2022 survey by Boston Consulting Group revealed that 60% of enterprises planned to increase investments in digital transformation in 2023, despite economic challenges. This trend fuels the demand for no-code platforms.

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What Key Areas Define The Segmentation Of The Global No-Code Development Platforms Market?

The no-code development platforms market covered in this report is segmented –
1) By Component: Platform, Services
2) By Deployment: On-Premise, Cloud
3) By Organization: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4) By Application: Desktop And Server-Based, Mobile-Based, Web-Based
5) By End-Use: Construction, Oil And Gas, Manufacturing, Banking, Financial Services, And Insurance (BFSI), Retail And E-commerce, Real Estate, Healthcare, Other End-Uses

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How Are Emerging Trends Reshaping The Dynamics Of The No-Code Development Platforms Market?

Major companies in the no-code development platform market are focused on developing solutions, such as centralized workplaces, to facilitate the creation and customization of AI-driven applications. A centralized workplace is a unified environment where users can manage and collaborate on application development projects from a single platform. For instance, Creatio, a US-based software vendor, launched Creatio Copilot in March 2024, a no-code platform that allows users to define workflows, automate processes, and design applications without coding expertise. It simplifies campaign design by helping users create campaigns based on previous best practices and automatically generating content for emails and landing pages, personalizing the text and visuals for consumer preferences.

Which Region Has The Fastest Expansion In The No-Code Development Platforms Market?

North America was the largest region in the no-code development platforms market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the no-code development platforms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.