Low-Code Application Development Platform Market: Trends, Growth, and Forecast
Low-Code Application Development Platform Market Outlook The global low-code application development platform (LCADP) market is experiencing unprecedented growth, driven by the accelerating pace of digital transformation across industries. With businsses seeking agile, cost-effective solutions to meet the demands of modern software development, low-code platforms have emerged as a pivotal enabler of innovation and efficiency. Market Overview Global low-code application development platform market size was valued at USD 9.61 billion in 2023. The market is anticipated to grow from USD 11.86 billion in 2024 to USD 64.95 billion by 2032, exhibiting the CAGR of 23.7% during the forecast period. These platforms empower organizations to develop applications with minimal hand-coding, utilizing visual interfaces and pre-built templates, thereby accelerating development cycles and reducing dependency on specialized coding expertise. Low-code platforms allow enterprises to ...