South Korea Low-code Application Development Platform Market Size & Outlook
South Korea low-code application development platform market, 2018-2030 (US$M)
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South Korea low-code application development platform market highlights
- The South Korea low-code application development platform market generated a revenue of USD 545.2 million in 2023 and is expected to reach USD 2,581.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 24.9% 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 545.2 million |
| Market revenue in 2030 | USD 2,581.6 million |
| Growth rate | 24.9% (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, South Korea accounted for 2.2% 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 Asia Pacific, China low-code application development platform market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,339.7 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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South Korea 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 72.74% in 2023. Horizon Databook has segmented the South Korea 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 South Korean market can be attributed to the fast-paced development and aggressive adoption of software solutions based on the latest technologies across various industries and industry verticals, such as manufacturing, retail, healthcare, and education.
Government initiatives, such as Digital New Deal and K-New Deal, are also promoting digital transformation across various industries and industry verticals across South Korea, encouraging businesses to adopt low-code application development platforms to enhance their operational efficiency and drive business growth.
For instance, in August 2022, Kore.AI Inc., a South Korean startup backed by Nvidia Corporation involved in offering enterprise conversational AI platforms and solutions, announced that it is developing its own low-code conversational AI tools available on a pay-as-you-go basis for smaller businesses in the country
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Target buyers of South Korea 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea low-code application development platform market , including forecasts for subscribers. This country databook contains high-level insights into South Korea low-code application development platform market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea low code application development platform market size, by component, 2018-2030 (US$M)
South Korea Low-Code Application Development Platform Market Outlook Share, 2023 & 2030 (US$M)
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