Low-Code Development Platform Market Size, Share 2024-2032

Imracrahul11 Sep, 2024Other

The global low-code development platform market size reached US$ 20.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 171.7 Billion by 2032, exhibiting a growth rate (CAGR) of 26.73% during 2024-2032. The market is being propelled by rising demand for rapid application development (RAD), increasing emphasis on digital transformation initiatives, rising need for citizen developers in organizations, and substantial presence of large enterprise and SMEs investing in digital innovation.