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No Code Development Industry
No Code Development Industry
The other factors influencing the market to adopt no code technologies include:
Growth
By 2030, the global no-code development platform market is expected to produce $148.5 billion in
revenue, growing at a CAGR of 27.8% during the forecast period (2022–2030).
North America accounted for the largest market share during the forecast period due to the existence of
numerous prominent players in the U.S. and Canada.
The early adoption of technologies and widespread application of enterprise software such as ERP, CRM,
custom applications, and databases are some of the factors that are supporting the North America low-
code development platform market.
No code market in India
As per a Nasscom, India’s low-code & no-code market currently stands at USD 400 million, and it can
reach up to USD 4 billion by 2025.
The Indian market currently comprises around 150 players with most of them being bootstrapped
startups.
For the Indian no code market, 70% of revenues came in from the global markets. The industries that
gravitate towards no code markets are BFSI, Retail and SaaS.
India’s BFSI segment is responsible for 60-70% of revenues for no code market players. BFSI segment
through adaptation of no code technologies experienced the highest impact on its development time
and cost in process-centric use cases in customer apps for the credit card, banking, and customer
onboarding.
The information related to market share is not available anywhere, but Gartner has rated some of the
no code market players based on their quality and popularity of their service offerings.
1. OutSystems (4.5 stars and 701 ratings)
2. Appian (4.5 stars and 472 ratings)
3. Microsoft (4.5 stars and 242 ratings)
4. Quickbase (4.7 stars and 238 ratings)
5. Salesforce (4.4 stars and 232 ratings)
6. Oracle (4.8 stars and 212 ratings)
7. Mendix (4.5 stars and 204 ratings)
8. Zoho (4.5 stars and 196 raings)
9. Pega (4.4 stars and 162 ratings)
10. ServiceNow (4.7 stars and 149 ratings)
Gartner predicts that 65% of the app activity will result from no-code development by 2024. The
market demand for app development services will grow at least x5 times faster than the IT
capacity to deliver them
The mixture of low-code/no-code and conventional innovation is projected to be adopted
by 75% of businesses
Microsoft anticipates that the 500 million apps it expects will be created over the next five
years, 450 million will be designed on no-code low-code platforms
IT & Telecommunications are anticipated to have the majority market share along with the BFSI
and Healthcare
Gartner predicts that by 2026, developers outside formal IT departments will account for at
least 80% of the user base for low-code development tools, up from 60% in 2021
More than 50% of the top executives in APAC region are confident in implementing the no code
platforms across their organizations