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The global low-code platform market revenue is valued at almost **** billion U.S. dollars in 2022 and is forecast to reach approximately ** billion U.S. dollars in 2024. The market is projected to grow with a CAGR of **** percent over this period.

What are low-code development platforms?

Low-code platforms allow developers to create applications through graphical user interfaces rather than traditional coding methods. These solutions are suitable for non-technical staff, as little to no coding experience is required to build applications using low-code platforms. Accordingly, non-technical staff participate in the changing enterprise application development process, which includes ideation, design, implementation, and deployment.

What is driving the need for low-code platforms?

The rising number of citizen developers as well as the increasing demand of applications for business organizations are key factors driving the advancement of low-code platforms. Low-code development platforms aim to meet the demands of dynamic IT operations, which necessitate quick customization options in the software development process. As a result, these platforms reduce time to market and backlogs, allowing businesses to realize value sooner at less cost. Retool, Zapier, and Airtable are among the leading low-code and no-code platforms for internal apps.