Low-Code Internet Of Things (IoT) Application Platform Market Report 2026

Low-Code Internet Of Things (IoT) Application Platform Market Overview

• Low-Code Internet Of Things (IoT) Application Platform market size has reached to $7.75 billion in 2025 • Expected to grow to $21.13 billion in 2030 at a compound annual growth rate (CAGR) of 22.1% • Growth Driver: Rising Digital Transformation Initiatives Across Industries Drive Growth In The Market Due To The Need For Operational Efficiency • Market Trend: Customizable Low-Code Platforms With Pre-Built Vertical Solutions Accelerate Iot Application Development • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Low-Code Internet Of Things (IoT) Application Platform Market?

A low-code Internet of Things (IoT) application platform refers to a software platform that enables users to develop and deploy Internet of Things (IoT) solutions using visual development tools, drag-and-drop interfaces, and pre-built components with minimal coding. It simplifies device integration, data management, workflow automation, and system connectivity, enabling faster development, improved scalability, and reduced technical complexity. The main components of low-code internet of things (IoT) application platforms include platforms and services. Platforms refer to software environments that enable users to develop, deploy, and manage internet of things applications with minimal manual coding requirements. These platforms are deployed through cloud and on premises models, and are adopted by small and medium enterprises and large enterprises. The key applications include asset management, remote monitoring, predictive maintenance, smart manufacturing, smart home, and others, while the end user industry verticals include banking financial services and insurance, Retail And E-Commerce, government and defense, healthcare, information technology and telecommunications, energy and utilities, manufacturing, media entertainment and gaming, and others.

What Is The Low-Code Internet Of Things (IoT) Application Platform Market Growth Forecast?

The low-code internet of things (IoT) application platform market size is expected to see exponential growth in the next few years. It will grow to $21.13 billion in 2030 at a compound annual growth rate (CAGR) of 22.1%. The growth in the forecast period can be attributed to increasing demand for scalable IoT application development, rising adoption of citizen developer platforms, growing deployment of connected industrial applications, increasing demand for rapid IoT solution customization, expanding adoption of low-code development across enterprise environments. Major trends in the forecast period include increasing adoption of visual IoT application development tools, rising demand for drag-and-drop IoT solution development, growing use of pre-built IoT application components, increasing demand for simplified device integration, rising adoption of low-code workflow automation for IoT applications.

What Is The Driver Of The Low-Code Internet Of Things (IoT) Application Platform Market?

The increasing digital transformation initiatives across industries are expected to propel the growth of the low-code internet of things (IoT) application platform market going forward. Digital transformation initiatives across industries involve adopting digital technologies to streamline operations, enhance productivity, and enable data-driven business models. Digital transformation initiatives across industries are increasing due to the growing need for operational efficiency, as organizations adopt digital technologies to automate processes, reduce costs, and improve productivity. Low-code internet of things (IoT) application platforms support digital transformation initiatives across industries by enabling rapid development and deployment of connected applications, reducing development time while accelerating process automation and data-driven decision-making. For instance, in January 2026, according to the Organisation for Economic Co-operation and Development (OECD), a France-based intergovernmental organization, in 2025, 20.2% of firms reported adopting AI, rising from 14.2% in 2024 and 8.7% in 2023. Therefore, the increasing digital transformation initiatives across industries are driving the growth of the low-code internet of things (IoT) application platform industry.

Key Players In The Global Low-Code Internet Of Things (IoT) Application Platform Market

Major companies operating in the low-code internet of things (IoT) application platform market are Microsoft Corporation, Siemens AG, Salesforce Inc., Zoho Corporation Pvt. Ltd., PTC Inc., Appian Corporation, OutSystems Inc., Tulip Interfaces Inc., KaaIoT Technologies LLC, Blynk Inc., ThingsBoard Inc., Datacake GmbH, Litmus Automation Inc., TagoIO Inc., Ubidots Inc., ClearBlade Inc., FlowFuse Inc.

Global Low-Code Internet Of Things (IoT) Application Platform Market Trends and Insights

Major companies operating in the low-code internet of things (IoT) application platform market are focusing on developing innovative solutions such as customizable low-code IoT platforms with pre-built vertical solutions to accelerate IoT application development, improve operational efficiency, and enhance customer experience. Customizable low-code IoT platforms with pre-built vertical solutions refer to software platforms that enable users to rapidly develop, deploy, and manage IoT applications using visual development tools and industry-specific templates with minimal coding. For instance, in September 2024, Zoho Corporation, a US-based software company, launched Zoho IoT, a customizable low-code IoT platform with pre-built vertical solutions. The platform is designed to simplify the development, deployment, and management of IoT applications across industries. It offers benefits such as rapid application development, seamless device integration, and industry-specific customizable templates. The launch aims to help customers accelerate digital transformation, improve operational efficiency, and deliver enhanced customer experiences while supporting the growing adoption of connected technologies and low-code application development.

What Are Latest Mergers And Acquisitions In The Low-Code Internet Of Things (IoT) Application Platform Market?

In November 2024, Blynk Inc., a US-based low-code IoT software platform company, partnered with Shenzhen MOKO Technology Ltd. to deliver integrated low-code LoRaWAN asset tracking solutions that simplify deployment, accelerate development, and enable scalable real-time asset monitoring across industries. With this partnership, companies aim to accelerate the deployment of low-code LoRaWAN-based asset tracking solutions while improving connectivity, scalability, and ease of IoT application development for enterprise users. Shenzhen MOKO Technology Ltd. is a China-based manufacturing company that provides electronics manufacturing services.

What Defines the Low-Code Internet Of Things (IoT) Application Platform Market?

The low-code internet of things (IoT) application platform market includes revenues earned by entities by providing services such as device lifecycle management, device provisioning and onboarding, and real-time data analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Low-Code Internet Of Things (IoT) Application Platform Market Report 2026?

The low-code internet of things (iot) application platform market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the low-code internet of things (iot) application platform industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.