Market Overview - The Low-code Development Platform Market is projected to grow from USD 26.30 billion in 2025 to USD 67.12 billion by 2030, with a CAGR of 20.61% during the forecast period [1] - Growth is driven by the demand for rapid application development, modernization of legacy systems, and increased adoption across various industries [1] Key Trends - **Cloud-First Deployment Models**: The shift towards cloud-first deployment models is enhancing flexibility and scalability, with cloud platforms becoming a significant part of low-code adoption due to reduced infrastructure costs and support for remote work [3] - **Integration of Artificial Intelligence**: AI integration in low-code platforms is streamlining development processes, enabling automation of repetitive tasks and empowering citizen developers, thus accelerating delivery timelines [4] - **Regulatory Compliance**: Compliance and regulatory demands are influencing low-code adoption, particularly in industries like BFSI and healthcare, where strong audit trails and adherence to data regulations are required [5][6] - **Modernization of Legacy Systems**: Enterprises are replacing outdated systems with low-code solutions to reduce maintenance costs and improve operational agility, highlighting the role of low-code platforms in maintaining competitive advantage [7] Market Segmentation - The market is segmented by component (platform and services), application type (web-based, mobile-based, desktop/server-based, API-centric & micro-services), deployment mode (cloud and on-premise), organization size (SMEs and large enterprises), and industry verticals including BFSI, healthcare, and IT [10] Key Players - Major players in the market include Salesforce.com Inc., Microsoft Corporation, Appian Corporation, Oracle Corporation, and OutSystems Inc., each offering unique low-code solutions tailored to various business needs [10][13] Conclusion - The Low-code Development Platform industry is experiencing robust growth as organizations seek faster and cost-effective software development options, with trends such as cloud-first models and AI-driven tools shaping the market [11][12]