Europe Low-code Application Development Platform Market Size & Outlook
Europe low-code application development platform market, 2018-2030 (US$M)
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Europe low-code application development platform market highlights
- The Europe low-code application development platform market generated a revenue of USD 6,556.3 million in 2023.
- The market is expected to grow at a CAGR of 22.8% 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 6,556.3 million |
| Market revenue in 2030 | USD 27,609.3 million |
| Growth rate | 22.8% (CAGR from 2023 to 2030) |
| Largest segment | Platform |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 26.4% of the global low-code application development platform market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 29,386.9 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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Europe 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 72.37% in 2023. Horizon Databook has segmented the Europe low-code application development platform market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
Technological advancements and innovations are allowing European businesses to integrate insights from various business processes, including sales, marketing, finance, human resources, and customer support, and make data-driven decisions.
Key market players are offering customized application development solutions based on industry-specific requirements to help businesses enhance their operational capabilities.
For instance, in June 2022, Mendix Technology BV, a low-code application development platform provider, announced that PVH Europe, home to the European offices of Calvin Klein and the global headquarters of Tommy Hilfiger, selected the Mendix low-code platform to develop an innovative suite of apps to manage and track marketing budgets efficiently.
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Target buyers of Europe 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 continent-level data and insights on the Europe low-code application development platform market , including forecasts for subscribers. This continent databook contains high-level insights into Europe low-code application development platform market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe low code application development platform market size, by country, 2018-2030 (US$M)
Europe Low-Code Application Development Platform Market Outlook Share, 2023 & 2030 (US$M)
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