Low-code Development Platform Market 2030: Growth Trends to Watch
Global Low-Code Development Platform Market Overview The global low-code development platform market was valued at USD 6.78 billion in 2022 and is projected to reach USD 35.22 billion by 2030, expanding at a compound annual growth rate (CAGR) of 22.9% from 2023 to 2030. This significant growth is driven by the increasing emphasis on digital transformation and the automation of business operations across various industries. The demand for rapid and efficient solutions to optimize business workflows has led to a rise in the adoption of low-code development platforms. These platforms offer pre-configured components that enable both IT professionals and business users to build applications and workflows with minimal manual coding. As low-code development gains popularity, there is an increasing need for scalable solutions and user education—applicable to both professional developers and non-technical staff. For example, in June 2023, Pegasystems Inc. introduced a new version of it...