Brazil Low-code Application Development Platform Market Size & Outlook
Brazil low-code application development platform market, 2018-2030 (US$M)
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Brazil low-code application development platform market highlights
- The Brazil low-code application development platform market generated a revenue of USD 714.3 million in 2023 and is expected to reach USD 3,027.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 22.9% from 2024 to 2030.
- In terms of segment, platform was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Low-code application development platform market data book summary
| Market revenue in 2023 | USD 714.3 million |
| Market revenue in 2030 | USD 3,027.5 million |
| Growth rate | 22.9% (CAGR from 2023 to 2030) |
| Largest segment | Platform |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Platform, Services |
| Key market players worldwide | Appian Corp A, Fujitsu Ltd, Microsoft Corp, Oracle Corp, Pegasystems Inc, Salesforce Inc, ServiceNow Inc, Tyler Technologies Inc, Betty Blocks, LANSA JAPAN, Mendix, Nintex, OutSystems, TrackVia, Zoho |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.9% of the global low-code application development platform market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico low-code application development platform market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 3,232.3 million by 2030.
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Low-Code Application Development Platform Market Scope
Low-Code Application Development Platform Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil low-code application development platform market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to low-code application development platform market will help companies and investors design strategic landscapes.
Platform was the largest segment with a revenue share of 70.52% in 2023. Horizon Databook has segmented the Brazil low-code application development platform market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the low-code application development platform market in Brazil can be attributed to factors, such as the growing number of small-scale businesses, increasing demand for technology solutions, and new product launches by the key market players.
The continued diversification of operations by enterprises across agriculture, manufacturing, services, and finance, among other industries and industry verticals, is also driving the adoption of industry-specific low-code application development platform tailored to the unique needs of each industry and industry vertical.
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Target buyers of Brazil low-code application development platform market databook
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Our clientele includes a mix of low-code application development platform market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil low-code application development platform market , including forecasts for subscribers. This country databook contains high-level insights into Brazil low-code application development platform market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil low code application development platform market size, by component, 2018-2030 (US$M)
Brazil Low-Code Application Development Platform Market Outlook Share, 2023 & 2030 (US$M)
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