Saudi Arabia Low-code Application Development Platform Market Size & Outlook
Saudi Arabia low-code application development platform market, 2018-2030 (US$M)
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Saudi Arabia low-code application development platform market highlights
- The Saudi Arabia low-code application development platform market generated a revenue of USD 447.3 million in 2023 and is expected to reach USD 1,673.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 20.7% 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 447.3 million |
| Market revenue in 2030 | USD 1,673.7 million |
| Growth rate | 20.7% (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, Saudi Arabia accounted for 1.8% 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 Middle East & Africa, South Africa low-code application development platform market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,264.5 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 |
|---|
Saudi Arabia 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 71.43% in 2023. Horizon Databook has segmented the Saudi Arabia low-code application development platform market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
The government of Saudi Arabia has launched multiple initiatives to promote technology adoption, entrepreneurship, and innovation. For instance, the Vision 2030 initiative aims to diversify the economy by reducing reliance on oil while promoting technological innovation.
As such, the government has been aggressively investing in technology, which is expected to contribute to the growth of the low-code application development platform market in the country.
In May 2023, Nintex UK Ltd announced plans to launch a new regional office in Saudi Arabia. The company has around 80 customers in Saudi Arabia and 300 customers across the Middle East.
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Target buyers of Saudi Arabia 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 Saudi Arabia low-code application development platform market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia low-code application development platform market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia low code application development platform market size, by component, 2018-2030 (US$M)
Saudi Arabia Low-Code Application Development Platform Market Outlook Share, 2023 & 2030 (US$M)
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