A Billion Dollar Market of Low-Code & No-Code Application Platform. Many analysts and leaders like Gartner, Avasant, Forester, Everest Group are conducting research and working with clients & IT service providers to gather feedback and provide their points of view.

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3. Market of Low-Code by Industry Experts
IT organizations are noticing new trend in the development approach of a product or applications.
Customers or client are now asking for platforms which can help rapid prototyping and development , reduce
dependency on IT department, flexibility to build and customize own applications. Such trending tractions are
leaning towards No-Code / Low-Code kind of platforms in the market. In last few years , 100s of new
platforms have emerged to capture the market sentiments. Majority of industry experts, leaders and
analyst also believe that this is the right time to adopt the No-Code/Low-Code platforms.

4. Low-Code & No-Code Application Platform Market Forecast
•By 2024, 75% of large enterprises will be using at least four low-code development tools for both IT application development
and citizen development initiatives (Gartner)
•The worldwide low-code development technologies market is projected to total $13.8 billion in 2021, an increase of 22.6% from
2020, according to the latest forecast by Gartner, Inc. The surge in remote development during the COVID-19 pandemic will
continue to boost low- code adoption, despite ongoing cost optimization efforts (Gartner)
•The global low-code development platform market is predicted to generate a revenue of $187.0 billion by 2030, rising from
$10.3 billion in 2019, and is expected to advance at a fast pace, 31.1% CAGR, during the forecast period (2020-2030). (Global
NewsWire)
•Forrester predicts that by the end of 2021, 75% of development shops will use low-code platforms (up from just 44% in 2020)
•The global low code application development platform market size is expected to reach USD 86.92 billion by 2027, according to
a new report by Grand View Research, Inc. The market is projected to register a CAGR of 22.7% during the forecast
period (GrandViewResearch)

5. Low-Code & No-Code Market Trends and Adoption
•The market size for hyper-automation is anticipated to reach USD 23.7 billion by 2017, while the low-code market size is estimated to reach USD
86.92 billion by 2027, almost four times the size of the hyper-automation market (Wipro)
•24% of low-code users reported starting with 0 experience and 70% of those users learn low-code in a month or less than month which leading
to 55% high growth organizations focus on innovations and customer engagement (Mendix)
•Low-code platforms are increasingly becoming the go-to platforms for developing web and mobile applications, as they offer increased agility,
faster time to market, and a minimal learning curve, as well as requiring little investment in software maintenance and deployment. This trend
shows no sign of slowing down (Zoho Creator)
•In a Gartner survey on business unit IT, 46% of respondents stated that increase for business-led IT spend was due to increased development of
software, applications or databases. In another Gartner survey on citizen development, 41% of respondents have active citizen development
initiatives and 20% of those that don’t are either evaluating or plan to start citizen development initiatives (Gartner)
•By 2023, over 500 Million Digital Apps and Services Will Be Developed and Deployed Using Cloud-Native Approaches, Most of Those Targeted at
Industry-Specific Digital Transformation Use Case (IDC)

6. Top Findings – Low-Code/No-Code Platforms
•OutSystems has raised a total of $572.1M in funding over 7 rounds. Their latest funding was raised
on Feb 17, 2021 from a Series E round
•Mendix has raised a total of $38M in funding over 3 rounds. Their latest funding was raised on Jan 23,
2014 from a Series B round.
•Appian has raised a total of $47.5M in funding over 2 rounds. Their latest funding was raised on Mar 3,
2014 from a Venture – Series Unknown round
•Airtable has raised a total of $617.6M in funding over 8 rounds. Their latest funding was raised on Mar
15, 2021 from a Series E round
•AppSheet has raised a total of $18.5M in funding over 6 rounds. Their latest funding was raised on Apr
25, 2019 from a Series A round
•Bubble has raised a total of $106.3M in funding over 2 rounds. Their latest funding was raised on Jul
27, 2021 from a Series A round
•Nintex has raised a total of $135M in funding over 3 rounds. Their latest funding was raised on Nov 13,
2019 from a Corporate Round round