The market for low code development platform was valued at US$1647 mn in the year 2015. It is estimated to reach at a CAGR at 54.5% during the forecast period 2017-2025.  The global market is segmented as per type and deployment type.

According to type, the general purpose platform and mobile-first app platform are estimated to drive the demand for low code development platform market from 2017-2025. As per deployment type, the low code development platform market is divided into cloud-based and on-premise segments. In the cloud-based segment, hybrid cloud is likely to surge the market growth globally. 

Low-code platforms have the capability to resolve delivery-speed problems more cost effectively, with improved performance and at greater scale, than traditional development methods. Currently, vendors are more focused on aiding organizations of all sizes with an aim to drive business creativity by rapidly transforming ideas into advanced and secure omni channel applications.

Low-code development platforms have evolved as a faster way to deploy and build innovative business applications. Cloud based mobile apps will largely be attractive for enterprises, as they would want to reduce the data security issue inherent in BYOD.

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The growing demand for low code development platforms in industries such as healthcare, manufacturing, IT & telecom, government, BFSI and education is expected to reinforce the growth of the low code development platform market over the forecast period.