Mexico Low-code Application Development Platform Market Size & Outlook
Mexico low-code application development platform market, 2018-2030 (US$M)
Related Markets
Mexico low-code application development platform market highlights
- The Mexico low-code application development platform market generated a revenue of USD 626.6 million in 2023 and is expected to reach USD 3,232.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 26.4% 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 626.6 million |
| Market revenue in 2030 | USD 3,232.3 million |
| Growth rate | 26.4% (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, Mexico accounted for 2.5% 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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Mexico 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 69.21% in 2023. Horizon Databook has segmented the Mexico low-code application development platform market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for sophisticated solutions has increased in the wake of the recent unfavorable events, such as the outbreak of the COVID-19 pandemic, which bodes well for the growth of the low-code application development platform market in Mexico.
The cost-effectiveness, application security, smooth operational capabilities, and streamlined processes low-code app development solutions can guarantee are driving the demand for these solutions across various industries and industry verticals.
Low-code app development platforms typically mitigate the need for native coding to program and run business applications. They can be used by non-developers and employees with limited technology expertise to build applications without coding.
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Target buyers of Mexico 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 Mexico low-code application development platform market , including forecasts for subscribers. This country databook contains high-level insights into Mexico low-code application development platform market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico low code application development platform market size, by component, 2018-2030 (US$M)
Mexico Low-Code Application Development Platform Market Outlook Share, 2023 & 2030 (US$M)
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