The global low-code development platform market was valued at $12,500.6 million in 2020, and it is expected to grow at a CAGR of 31.3% during 2020–2030. The key factors responsible for the growth of the market include the increase in demand for business digitization, less dependency on IT professionals, stringent government norms, rise in need for automation of workflows, and increased use of low-code development tools that minimizes the problem of “shadow IT”.

The global low-code development platform market was valued at $12,500.6 million in 2020, and it is expected to grow at a CAGR of 31.3% during 2020–2030. The key factors responsible for the growth of the market include the increase in demand for business digitization, less dependency on IT professionals, stringent government norms, rise in need for automation of workflows, and increased use of low-code development tools that minimizes the problem of “shadow IT”.