No-code Development Platforms Market Size Worth USD 68.05 Billion in 2028

The global no-code development platforms market size was USD 12.17 Billion in 2020 and is expected to reach USD 68.05 Billion in 2028 and register a revenue CAGR of 24.2%, during the forecast period, according to latest analysis by Emergen Research. Some of the major factors driving global no-code development platforms market revenue growth are increasing need for faster application deployment and the rising need to improve productivity. Increasing demand for paperless management systems across various industries is also expected to boost revenue growth of the global market going ahead.

Apps developed using traditional application development methods might take years to deploy. It is not uncommon in today's fast-paced corporate world for workers to request for applications to assist them to resolve problems, only to leave or change positions even before the application is completely developed. This trend could be changed by using a no-code platform. Workers can easily implement such apps required to do their jobs due to no-code development, which enables employees to build and deploy a company management app in a much shorter span of time. Paper-based management systems are costly to maintain and also generally unsecured and inaccurate since papers may be lost or stolen and must be properly kept and maintained. Even businesses in highly regulated sectors such as healthcare can benefit from no-code platform procedures based on paper. Replacing old techniques with tablets and smartphones for quicker data entry, increased storage, instant access to data, and other advantages are trends observed in the market.

Some Key Highlights From the Report

Platform segment revenue is expected to expand at a significantly robust CAGR during the forecast period owing to rising demand for no-code platforms among businesses to effectively deploy applications.
Web-based segment is expected to lead in terms of revenue share over the forecast period owing to rising demand for web-based apps, as web-based apps have the potential to offer several advantages to organizations.
North America is expected to account for a largest revenue share than other regional markets over the forecast period. Increasing demand for no-code development platforms among end-users in countries in the region to quickly deploy applications is expected to fuel North America market revenue growth going ahead.
Some major companies in the market include Zoho Corporation, Appy Pie Inc., AppSheet, Airtable Inc., Quickbase, Inc., Kintone Corporation, Bubble Group, Inc., Salesforce.com, Inc., Clapptron Technologies Private Limited, and Microsoft Corporation
In August 2021, Airtable Inc. announced its first acquisition since its establishment. The company acquired Bayes Technologies Inc., which is a no-code data visualization company. Bayes has created a no-code cloud service that analyses the data a user wants to view and automatically recommends appropriate graphical templates.

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/no-code-development-platforms-market