The no-code development platforms global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
No-Code Development Platforms Market, 2024 report by The Business Research
Company offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The no-code development platforms market size has grown exponentially in recent
years. It will grow from $22.11 billion in 2023 to $28.11 billion in 2024 at a
compound annual growth rate (CAGR) of 27.1%.
The growth in the historic period can be attributed to a rise in the
need for less IT backlog, a rise in the demand for no-code development
platforms, growth in demand for hyper-automation, integration with third-party
services and APIs, and a rise in adoption of cloud computing.
The no-code development platforms market size is expected to see exponential
growth in the next few years. It will grow to $73.84 billion in 2028 at a
compound annual growth rate (CAGR) of 27.3%.
The growth in the forecast period can be attributed to the rising need
for digital transformation, growing rapid growth in retail and e-commerce
channels, increasing construction activities and projects, increasing need for
better mobility, and increasing demand for rapid application development (RAD)
solutions. Major trends in the forecast period include technology advancements,
expansion of low-code features, integration with AI and machine learning,
drag-and-drop interface enhancements, and integration with blockchain
technology.
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Scope Of No-Code Development Platforms Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
No-Code Development Platforms Market Overview
Market Drivers -
The rising need for digital transformation is expected to propel the growth of
the no-code development platforms market going forward. Digital transformation
is the integration of digital technology into all parts of a business,
significantly altering how it operates and provides value to its consumers. The
demand for digital transformation is due to remote work trends, data-driven
decision-making, and operational efficiency. With businesses quickly react to
shifting market demands through digital transformation, no-code platforms allow
non-technical staff to easily create apps and automate operations without
coding knowledge. This facilitates app development, fills the gap caused by an
IT talent shortage, and is in line with the rapid pace of digital
transformation. For instance, in November 2022, according to the ‘Mind the Tech
Gap’ survey conducted among approximately 2,700 executives in 13 countries by
Boston Consulting Group (BCG), a US-based management consulting firm, up to 60%
of enterprises intend to boost their investments in digital transformation by
2023, despite a declining global economy. Therefore, the rising need for
digital transformation is driving the growth of the no-code development
platforms market.
Market Trends -
Major companies operating in the no-code development platform market are
focused on developing innovative solutions, such as centralized workplaces, to
easily create and customize AI-driven applications and workflows. A centralized
workplace refers to a unified and integrated environment where users can
access, collaborate, and manage all aspects of their application development
projects from a single platform or dashboard. For instance, in March 2024,
Creatio, a US-based vendor of software to automate workflows and a CRM with
no-code development, launched Creatio Copilot. It provides simple, no-code
interfaces that allow users to define workflows, automate processes, and design
apps without requiring any coding expertise. It simplifies the complex procedure
of campaign flow design by allowing users to offer a narrative of their
intended campaign, which Copilot then organizes based on previous campaigns and
best practices. Copilot helps companies generate rich content for emails and
landing sites by updating text and visuals based on the descriptions provided,
harmonizing with consumer preferences, and including personalized product
recommendations.
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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Regional Insights -
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.
Key Companies -
Major companies operating in the no-code development platforms market are SAP SE, ServiceNow Inc., Pegasystems Inc.,
Hexaware Technologies Limited, Zoho Corporation, Quickbase Inc., Webflow Inc.,
Creatio, Caspio Inc., Glide, Appy Pie, Kissflow Inc., AppSheet, Airtable,
Knack, Kintone Corporation, Bubble Group Inc., Betty Blocks, Thunkable Inc.,
Kianda Technologies, Bravo Studio, Landbot, Adalo, Clappia, Unqork
Table of Contents
1. Executive Summary
2. No-Code Development Platforms Market Report Structure
3. No-Code Development Platforms Market Trends And Strategies
4. No-Code Development Platforms Market – Macro Economic Scenario
5. No-Code Development Platforms Market Size And Growth
…..
27. No-Code Development Platforms Market Competitor Landscape And Company
Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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