No Code Development Platforms Market Trends, Industry | 2031

Report Description

No-code Development Platforms Market Outlook 2031:

The Global No-code Development Platforms Market was valued at USD 14.9 Billion in 2022 and is projected to reach USD 102.7 Billion by 2031, expanding at a CAGR of 24.1% during the forecast period.

No-code development toolsets use a Graphic User Interface (GUI) that gives users templates, drag-and-drop features, conversational interfaces, and logical sequences to configure digital goods, rather than requiring users to write any kind of code.

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The no-code development platforms use code; however, it abstracts away the difficulty and complexity of line-by-line coding. This helps users to concentrate on design and logic, while the platform automatically generates code in the background. No-code development platforms are very similar to visual programming languages.

No-code development platforms (NCDPs) enable both programmers and non-programmers to build application software by configuring graphical user interfaces instead of using traditional computer programming.

Macro-Economic Factors

Government Regulations

Government policies and regulations significantly impact the global market. Policies related to data privacy, intellectual property, and software licensing impact the adoption of low-code development platforms.

These laws differ from region to region. For instance, in North America, authorities such as Federal Information Security Management Act (FISMA) and Health Insurance Portability and Accountability Act (HIPAA) establish strict guidelines for software and application development.

In the no-code development platforms market, both private and public sector organizations need to adhere to these policies, ensuring security and data protection in their applications.

Rapid Development

Rapid changes in market demands involve quick and adaptable responses from businesses and organizations. According to the Digital Transformation Index of Dell, eight out of 10 enterprises advanced their digital transformation in 2020.

The rising demand for apps and software has increased the need for developers, programmers, and IT specialists. It is becoming increasingly challenging for IT departments to meet the expectations of businesses for the rapid delivery of efficient apps.

Economic Growth

Economic growth is rising the production of goods and services on a comparative basis between two periods of time. It is represented in either nominal or real terms. The demand for no-code development platforms is heavily influenced by economic growth.

Individuals and businesses have additional resources to invest in technology and innovation as economies grow, resulting in increased demand for efficient and cost-effective software development solutions.

Research & Development

Increasing investments from key players in research & development (R&D) activities and a rising focus on product innovations significantly impact the market through the increased demand for no-code development platforms. Key companies in the market collaborate, invest in R&D activities, and launch products to increase their market presence.

For Instance, In March 2020, Appian launched a new version of the Appian Corporation Low-code Automation Platform. The enterprise automation of the new version is unified, versatile, and quick to produce tangible business effects.

No-code Development Platforms Market Dynamics

Market Driver- Increasing Need for Digital Transformation

Digital transformation and the need for fast application delivery in the post-pandemic era are among the key market drivers for the no-code development platforms market. Companies use digital technologies and create new software applications to adapt to changing customer expectations, business models, and competitive landscape.

Traditional software development methods are often slow, expensive, complex, and require a lot of coding, testing, and maintenance. No-code development platforms offer a solution to this by enabling companies to rapidly build and deploy software applications without coding. This reduces software development time, cost, and complexity.

No-code software tools allow non-technical users to build their own solutions without relying on the IT team, thus accelerating digital transformation. For instance, a financial services company recently added new digital features to its customer portal about twice as fast as expected. Its business team actually built the majority of the new features themselves using a no-code platform.

Market Driver- High Demand for Hyper-automation

The demand for hyper-automation and composable business initiatives is another major market driver for the no-code development platforms market. Businesses that need to automate and customize end-to-end business processes are using a variety of low-code/no-code tools that work together seamlessly. Hyper automation and composable business enable companies to improve efficiency, agility, innovation, and customer satisfaction.

Hyper automation software includes process-agnostic software such as RPA, LCAP, AI, Integration Platform as a Service (iPaaS), and other software that enables automation of specific tasks such as ERP, CRM, supply chain systems, and others.

Composable Business is a framework that enables a company to reuse existing digital assets such as APIs, microservices, and data to create new solutions that adapt to changing customer needs and market conditions. Composable enterprise accelerates digital transformation by empowering non-technical users to build their own solutions without relying on IT teams.

Market Restraint- Rising Security Concerns

The growth of no-code development platforms market is hindered by rising security concerns. Applications hosted on public cloud are vulnerable to cyber threats, and the platform users do not have any control over the privacy of such platforms.

Non-IT developers who have low knowledge of third-party no-code tools use them without verification and expose the system to malware. Also, these non-IT developers accidentally disclose important information to the public, and increase the risk for the companies. No-code development platforms also create security risks, due to the lack of control or visibility over the code or data.

Some platforms do not follow the regulatory or industry standards as well as best practices for data protection, privacy, or governance. Moreover, there are difficulties in ensuring the quality, reliability, or performance of the applications developed using no-code platforms.

Market Opportunity- Growing Industry 4.0, IoT, and Automation

The no-code development platform market stakeholders benefit from the increasing investment in the Industry 4.0 and automation in the factories. IoT is a crucial component in the digital transformation of the manufacturing industry.

However, programming and integrating the devices with other systems are challenging. In such cases, no-code application development platforms enable end users to easily create complex scripts and processes on the managed devices without any technical knowledge, thereby, enabling fast development and improved reliability.

Industry 4.0 and automation are creating the demand for citizen developers and business technologists, who are non-IT professionals with domain knowledge and business acumen, to create applications and workflows without coding. No-code development platforms empower citizen developers and business technologists as well as bridge the gap between IT and business.

Scope of No-code Development Platforms Market Report

The report on the Global No-code Development Platforms market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

No-code Development Platforms Market Segmental Outlook

The Global No-code Development Platforms Market is segmented on the basis of By Application, By Component, By Organization Type, By Deployment, and By Industry.

Based on Application, the Global No-code Development Platforms market is divided into desktop & server-based, web-based, and mobile-based. The web-based segment is anticipated to dominate the market. The growth of the market is due to the increasing demand for web-based applications and rising awareness about their high potential to provide various benefits to businesses.

The ease of initial development and advancement makes them beneficial to manage and enables the potential to offer flexible work hours to the workforce. Web-based applications give customers cross-device access, customization for multiple devices, integration with other systems, decrease maintenance, and offer flexibility and scalability, which fuel the segment.

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Based on Component, the Global No-code Development Platforms market is fragmented into Services and Platform. The platform segment is anticipated to dominate the global market during the forecast period. The growth of the market is attributed due to Enterprises looking for no-code platforms that can help them create software and applications fast and easily without coding.

No-code platforms can help enterprises reduce the cost and complexity of software development and maintenance, and improve productivity and agility. No-code platforms can enable enterprises to leverage the skills and creativity of their non-IT staff, such as business analysts, marketers, and designers, who can use no-code tools to build software solutions for their specific needs.

Based on Organization Type, the Global No-code Development Platforms market is segmented into Large Enterprises and Small & Medium Enterprises. The large enterprise segment is anticipated to dominate the global market during the forecast period, as the low-code development platform provides agility and scalability for businesses.

For instance, Mondelz International, a major global FMCG company, utilizes DronaHQ no-code solutions to give personalized information to its salespeople in real time, increasing business turnover. Moreover, Nestle and Colgate are also using the DronaHQ low-code platform to innovate and create sales enablement solutions.

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Regional Outlook

Asia Pacific region is to dominate the market during the forecast period, owing to the presence of major market players, increased investments in R&D, and successful mergers and acquisitions in the region. Furthermore, increased demand for no-code development platforms among end-users in the region to rapidly deploy applications is anticipated to boost the market revenue in North America.

The presence of major market players in the country and the large-scale adoption of no-code platforms by organizations from various sectors in the country lead to high market growth in the US. Key companies in the region are primarily focused on making innovations and customizations in their platforms in order to acquire a large user base in the market.

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