Emerging Technology & Digital Transformation · Indirect
Monitoring · monthly
Procurement Category Intelligence

Low-Code Application Platforms

Overview
Market size
$26.4B
global, USD
CAGR
14.1%
base to forecast
Buyer power
-1.4
supplier-favoured
Suppliers
6
tracked players
Signals
12
monitored

Market outlook

2031$51.1B

What changed

Demand by region

North America demand45%
Europe demand25%
Asia Pacific demand20%
Rest of world demand10%
share of global demandtotal 100%

Cost drivers

Software engineering and product R&D40%
Cloud infrastructure and data hosting25%
Sales, marketing, and customer success20%
Technical support and implementation services10%
General corporate overhead and licensing5%
share of delivered cost (analyst estimate)

Supplier watchlist

6 tracked

Related categories

AI as a Service PlatformsLarge Language Model APIsMachine Learning Operations PlatformsAutoML PlatformsComputer Vision APIsSpeech Recognition ServicesNatural Language Processing APIsGenerative AI Platforms