You are currently viewing Nocode – Market Synopsis

Nocode – Market Synopsis

The global no-code development platforms market size reached USD 12.17 Billion in 2020 and is expected to register a revenue CAGR of 24.2% during the forecast period. Increasing need for faster application deployment is a key factor expected to drive market revenue growth over the forecast period. Rising need to improve productivity is expected to contribute significantly to revenue growth of the market over the forecast period. Apps created through conventional application development can take years to deploy. In the fast-paced business world, it is not unusual for employees to request apps that help them resolve issues more easily of in a more time-efficient manner, just to end up leaving or changing roles before the application is fully completed. Using a no-code platform has the potential to change this pattern. Employees can easily introduce the applications they need to perform tasks owing to no-code development, which allows them to develop and implement a business management app in much less time. Top companies in all sectors are constantly striving to improve productivity. By putting simple-to-use apps in the hands of employees who are in charge of complicated tasks, a no-code app platform can increase productivity. An app can make data entry, task management, and project management easier, thereby allowing for more efficiency while improving visibility among all team members.

Rising need for less IT backlog and increasing need for better mobility are other factors expected to boost market revenue growth during the forecast period. Businesses can free-up their developers’ time by using a no-code platform for business management applications. This reduces the backlog for IT and enables them to put their skills to better use. Bring Your Own Device (BYOD) is currently a basic requirement for most businesses for employees who want centralized access to activities and data on a single system. No-code platforms enable IT to mobilize and leverage BYOD approach in a safer and more manageable manner. Because a no-code platform is cloud-based, apps are created in a centralized location and easily distributed to group members through the use of the Internet.

However, limitations on using templates and security issues from lack of control are some factors expected to hamper global no-code development platforms market revenue growth to some extent over the forecast period. Customizing applications in no-code platforms is limited in order to satisfy the functionality of the no-code platform, and developers will need to modify the business processes.

No-code Development Platforms Market

Component Insights:
Platform segment accounted for largest revenue share in the global no-code development platforms market in 2020

On the basis of components, the global no-code development platforms market is segmented into platform and service. Platform segment is expected to lead in terms of revenue contribution to the global no-code development platforms market during the forecast period due to increasing demand for no-code platforms among enterprises. Increasing demand for no-code platforms among enterprises is attributed to key benefits provided by no-code platforms including decreased time to deployment, bridging communication gaps, break down structural barriers, build on own terms, and reduce legacy maintenance among others. Service segment is expected to register significantly steady revenue growth over the forecast period due to rising need for services to efficiently develop and deploy applications.

No-code Development Platforms Market share

Application Insights:
Web-based segment revenue is expected to expand at a rapid CAGR in the global no-code development platforms market during the forecast period

On the basis of application, the global no-code development platforms market is segmented into desktop & server-based, mobile-based, and web-based. Web-based segment is expected to lead in terms of revenue share during the forecast period due to increasing demand for web-based applications. Web-based applications have the potential to provide various benefits to businesses. The ease of initial development and advancement makes them valuable to manage and provide ability to offer flexible work schedules to the workforce. Accessibility across devices for users, customization for different devices, integration with other systems, less maintenance, and more flexibility and scalability are some of the benefits provided by web-based applications, which is expected to boost revenue growth of this segment. Mobile-based segment is expected to register significantly robust revenue growth over the forecast period due to rising demand for mobile-based applications across various industries for various purposes such as customer service and others.

Organization Size Insights:
SMEs segment accounted for largest revenue share in the global no-code development platforms market in 2020

On the basis of organization size, the global no-code development platforms market is segmented into large enterprises and Small and Medium Enterprises (SMEs). SMEs segment is expected to lead in terms of revenue during the forecast period due to rising need to reduce application development and deployment costs. No-code development platforms assist SMEs in lowering the overall cost of developing and maintaining applications. Due to modular structure of developing applications on no-code platforms, the overall time and effort are much reduced when compared to standard coding.

End-Use Insights:
Construction segment accounted for largest revenue share in the global no-code development platforms market in 2020

On the basis of end-use, the global no-code development platforms market is segmented into construction, oil & gas, manufacturing, BFSI, retail & e-Commerce, real estate, healthcare, and others. Construction segment is expected to lead in terms of revenue contribution to the market over the forecast period. No-code platforms are rapidly being used by large general contractors and small subcontractors to develop apps that record real-time field data, maintain checklists, run bespoke analytics, monitor safety tests and projects, and enable fast recruitment and sourcing. Oil & gas segment is expected to register significantly robust growth in terms of revenue during the forecast period. Vendors, partners, manufacturers, and logistics organizations must collaborate and communicate with one another. As organizations modernize with the steady digital transformation, the oil and gas sector is rapidly moving away from paper management systems. Apps are now playing a significant role in bringing about the shift, which is expected to increase adoption of no-code development platforms in the oil & gas industry.

Regional Insights:

North America accounted for a relatively larger revenue share than other regional markets in the global no-code development platforms market in 2020

North America is expected to account for larger revenue share among other regional markets during the forecast period. Rising demand for no-code development platforms among end-users in countries in the region to deploy applications rapidly is expected to drive market North America market revenue growth. In addition, robust presence of major no-code development platform providers such as Appy Pie Inc., AppSheet, Airtable, Quickbase, Inc., Kintone Corporation, and Bubble Group, Inc. among others is expected to boost revenue growth of the market during the forecast period.

Asia Pacific is expected to register faster revenue growth rate than other regional markets during the forecast period. Increasing construction activities and projects, rapid growth in retail and e-Commerce channels, and modernization of the healthcare industry globally are some key factors expected to drive Asia Pacific market revenue growth. Rising usage of no-code development platforms among such industries for store maintenance, staffing, training, customer notification, data management, promotion management, and vendor coordination is expected to continue to boost revenue growth of the market in Asia Pacific. In addition, presence of major providers such as Zoho Corporation and Clapptron Technologies Private Limited among others is expected to augment revenue growth of the market in the near future.

No-code Development Platforms Market size

Major Companies and Competitive Landscape

The global no-code development platforms market is fairly fragmented, with a number of large and medium-sized market players accounting for a major revenue share. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, adopting more advanced technologies in the no-code development platforms, developing, testing, and introducing new and more efficient no-code development platforms. Some key players operating in the global no-code development platforms market are:

  • Zoho Corporation
  • Appy Pie Inc.
  • AppSheet
  • Airtable Inc.
  • Quickbase, Inc.
  • Kintone Corporation
  • Bubble Group, Inc.
  • Salesforce.com, Inc.
  • Clapptron Technologies Private Limited
  • Microsoft Corporation
Strategic Development

In April 2020, AppMakr and Infinite Monkeys were acquired by Appy Pie Inc. This builds on Appy Pie’s Mobile App Maker platform, which has grown to become the world’s largest no-code platform. Appy Pie currently has a reach of over 10.0 million end-users as a result of this acquisition.

Scope of Research
PARAMETERS DETAILS
The market size value in 2020 USD 12.17 Billion
CAGR (2020 – 2027) 24.2%
The Revenue forecast in 2028 USD 68.05 Billion
Base year for estimation 2020
Historical data 2018-2019
Forecast period 2021-2028
Quantitative units Revenue in USD Billion, and CAGR from 2020 to 2028
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Component, Application, Organization Size, End-Use, Region
Regional scope North America; Europe; Asia Pacific; Central & South America; MEA
Country scope U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey
Key companies profiled Zoho Corporation, Appy Pie Inc., AppSheet, Airtable Inc., Quickbase, Inc., Kintone Corporation, Bubble Group, Inc., Salesforce.com, Inc., Clapptron Technologies Private Limited, and Microsoft Corporation
Customization scope 10 hrs of free customization and expert consultation
Segments Covered in Report

This report offers historical data and forecasts revenue growth at a global, regional, and country level, and provides analysis of the market trends in each segment from 2018 to 2028.

For the purpose of this report, Emergen Research has segmented the global no-code development platforms market on the basis of component, application, organization size, end-use, and region:

  • Component Outlook (Revenue, USD Billion; 2018–2028)
    • Platform
    • Services
  • Application Outlook (Revenue, USD Billion; 2018–2028)
    • Desktop & Server-based
    • Mobile-based
    • Web-based
  • Organization Size Outlook (Revenue, USD Billion; 2018–2028)
    • Large Enterprises
    • SMEs
  • End-Use Outlook (Revenue, USD Billion; 2018–2028)
    • Construction
    • Oil & Gas
    • Manufacturing
    • BFSI
    • Retail & E-commerce
    • Real Estate
    • Healthcare
    • Others
  • Regional Outlook (Revenue, USD Billion; 2018–2028)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. U.K.
      4. Italy
      5. Spain
      6. BENELUX
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of MEA

Courtesy: https://www.emergenresearch.com/industry-report/no-code-development-platforms-market

Leave a Reply