Top Low-code Development Platform Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Low-code Development Platform Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Low-code Development Platform industry players.

Low-code Development Platform Market Competitive Landscape

The global low-code development platform industry in 2024 is witnessing intensified competition as both established tech giants and innovative startups race to offer versatile and AI-integrated solutions. Key players such as Microsoft, OutSystems, Mendix, Appian, and Salesforce are continuously enhancing their platforms to meet evolving enterprise needs, focusing on scalability, security, and cloud-native capabilities. These companies are investing heavily in R&D, strategic partnerships, and AI integration to maintain their market dominance. 

As per market strategies, a notable 2024 strategic move is Microsoft's enhancement of Power Apps with Copilot integration (March 2024), enabling users to build applications using natural language prompts. This AI-driven capability allows both professional and citizen developers to automate workflows and generate app logic more efficiently, reinforcing Microsoft’s commitment to making app development more intuitive. 

Startups in the low-code development platform market are redefining how software is built by empowering both developers and non-developers to create applications through visual interfaces, drag-and-drop tools, and AI-assisted logic. These companies are filling critical gaps in digital transformation by offering flexible, scalable, and cost-effective alternatives to traditional development.  

  • Unqork (Founded in 2019): Unqork is a New York-based startup that has rapidly gained attention for its enterprise-grade, no-code application platform. Designed specifically for complex, highly regulated industries such as finance, insurance, and healthcare, Unqork enables organizations to build secure, scalable applications without writing a single line of code. Its drag-and-drop interface and modular architecture reduce time-to-market and development costs, while ensuring high compliance standards. The company has partnered with major institutions like Goldman Sachs and Liberty Mutual, showcasing its strong foothold in the enterprise space. 

  • Betty Blocks (Global Expansion Post-2018): While initially founded earlier, Betty Blocks significantly scaled its operations and market presence post-2018, focusing on North America and APAC regions. Headquartered in the Netherlands, the platform allows both IT professionals and citizen developers to rapidly build applications through visual modeling and reusable components. Betty Blocks emphasizes democratizing software creation, fostering innovation in mid-market and enterprise-level companies. Its growth is propelled by the need for agile development processes and reducing developer backlogs, particularly in industries embracing digital transformation.

Top Player’s Company Profiles

  • Devoteam  
  • OutSystems 
  • Mendix (a Siemens business) 
  • Microsoft (Power Apps) 
  • Salesforce (Lightning Platform) 
  • Appian 
  • Oracle 
  • ServiceNow 
  • Zoho (Zoho Creator) 
  • Pega (Pegasystems) 
  • Quick Base 
  • Creatio 
  • Betty Blocks

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Global Low-code Development Platform Market size was valued at USD 18.18 Billion in 2023 poised to grow from USD 23.52 Billion in 2024 to USD 184.41 Billion by 2032, growing at a CAGR of 29.36% in the forecast period (2025-2032).

The global low-code development platform market is highly competitive, with numerous players offering a range of solutions to meet diverse business needs. International market leaders include some of the companies such as Microsoft, Salesforce, Mendix, OutSystems, and Appian. These firms provide innovative low-code platforms catering to industries like finance, healthcare, and retail. They enhance their scalability, security, and integration capabilities in the fast-evolving market and sustain continuous growth and adoption across sectors. 'Microsoft (USA)', 'Salesforce (USA)', 'Mendix (Netherlands)', 'OutSystems (Portugal)', 'Appian (USA)', 'Zoho Corporation (India)', 'Pega Systems (USA)', 'Betty Blocks (Netherlands)', 'Quick Base (USA)', 'Kony (Temenos) (USA)', 'Google Cloud (USA)', 'Magic Software Enterprises (Israel)', 'Wavemaker (Singapore)', 'Intellibreez (USA)', 'Bpm’online (USA)'

The rising need for digital transformation across industries is a key driver for the global low-code development platform market growth. Organisations are adopting low-code solutions for accelerating application development, reducing their reliance on the IT teams and streamlining the processes, and thus remain in competition with efficiently meeting the emerging demands of their customers.

Rise of AI-Integrated Low-Code Platforms: The integration of artificial intelligence into the global low-code development platforms market trends is gaining momentum. AI-powered automation, better decision-making abilities, and predictive analytics help companies build smarter applications faster to enhance both their operational efficiency and the user experience of those applications and increase demands for AI-powered low-code solutions across industries.

North America dominates the global low-code development platform market due to its advanced technological infrastructure, high adoption of digital transformation, and a strong presence of key market players. A mature IT ecosystem supports the region, as all kinds of businesses from all sectors quickly adapt low-code solutions for developing applications in an effort to enhance operational efficiency. North America is now driven to lead its market through high demands of automation, cloud services, and agile development methodologies and considerable investment in innovative technologies. Its interest in innovation coupled with a solid startup ecosystem supports its market dominance.

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