Top 10 Low Code Development Platform Software Companies to Record Soaring Adoption in Business Applications

The recent years have registered an escalating demand for low code development platforms by various corporations. The platforms provide enterprises the ability to create a wide range of applications at scale. The use of low code tools paves way to improvement and also provides the benefit of easy maintenance. According to a report published by Fortune Business Insights, the global market size for low code development platform was USD 10.82 billion in 2020. The market is expected to hit USD 94.75 billion by 2028, exhibiting a CAGR of 31.6% from 2021 to 2028.

The market expansion can be attributed to the growing ability of low code tools to create higher-quality applications. Additional factors favoring the industry landscape comprise the simplified and seamless techniques for the citizen development of business apps.

Some of the top low code development platform companies that are poised to fuel the industry landscape over the forthcoming years have been listed below:

1. Salesforce.com, Inc.

The company is known for Salesforce Platform, a low code development tool. The platform provides point-and-click tools for the automation of workflow, connected system, and data sources. In addition, it provides data security for application users. The company is keen to enter a range of partnership agreements focused on expanding product reach. For instance, in May 2021, Salesforce joined hands with Texei. The deal was aimed at offering a low code development platform for the purpose of application building.  

2. Microsoft Corporation

Microsoft Corporation offers a low code platform, dubbed Microsoft Power App. The app provides responsiveness, flexibility, efficiency, and business productivity. The company provides the app with pay-as-you-go features. For instance, in November 2021, the corporation provided UST, the Microsoft Code Application Development for catering to customer’s requirements in a fast and committed market. The company is keen to help businesses in time-saving automations, better customer experiences, and workflow applications.  

3. Oracle Corporation

The company provides Oracle Application Express (APEX), a low code development software for building secure and scalable applications. The platform eliminates 98% of coding requirements via minimal coding, performance, and data-centric functionality. In January 2021, the company announced the launch of APEX platform for standalone services for providing simplified application building. This allows users to quickly develop applications via data-driven applications considering the availability of the platform in managed cloud services.

4. Appian Corporation

The company provides a series of services that include dynamic case management, robotic process automation, low code development, and digital process automation. The company offers a low code platform for supporting workflow and business applications. For instance, in September 2021, Appian inked a collaboration with Indra company and Minsait for the expansion of cloud-based business solutions in Latin America and Europe. Via the integration, Minsait intends to offer applications enabled with speed and agility to its customers.  

5. Pegasystems Inc.

Pegasystems Inc. is renowned for the provision of low code platforms and tools. Some of its offerings include multi-experience development platform, app development, and Pega Platform. The company helps enterprises in application building for users. Its various features comprise react-based design systems, quick start tools, prebuilt template, and more. In November 2021, DKB Service GmbH (DKBS) adopted the Pega Platform for the automation of a range of back-end services. These include account deletion, digital mail distribution, and name changes.  

6. ServiceNow, Inc.

ServiceNow, Inc. is known for its ServiceNow App Engine equipped with a pre-built component for the enhancement of development speed. The app can integrate analytics capabilities, machine learning, and artificial intelligence for developers for the purpose of building innovative services. In October 2021, ServiceNow, Inc. entered into a collaboration with Celonis, Inc. for supporting the digital transformation of enterprises with enhanced cash flow, revenue generation, and customer satisfaction. The Low Code Development platform companies integrated the low code workflow platform for optimizing digitalization and providing real-time execution.  

7. Zoho Corporation Pvt. Ltd.

Zoho Corporation Pvt. Ltd. provides a range of services, including social media management, low code, project management, and customer relationship management, among others. The company offers a low code development platform, dubbed Zoho Creator, for helping enterprises in building applications. In April 2021, the company hit the headlines for the launch of Qntrl. Via the launch, the company intended to provide a range of tools for users with less technical expertise.

8. Mendix Technology B.V.

Mendix Technology B.V. provides low code development platform and tools for enterprise application development, application platform-as-a-service, mobile Application Development Platform (MADP), rapid application development, and more. In July 2021, the company entered into a partnership with ABSYZ Software Consulting Pvt. Ltd. The move was aimed at advancing enterprise digital transformation via its low code application platform. Via the collaboration, the company intended to enhance the awareness of low code impact on the digital development of the firm.

9. Outsystems, Inc.

Outsystems, Inc. offers low code development software for the purpose of easing out enterprise digital transformation. The solutions help enterprises in the enhancement of customer reach via the addition of new employee onboarding, field service operations, self-service portals, and more. In April 2020, Outsystems, Inc. entered into a collaboration with Capita Consulting for the adoption of a low code platform for leveraging utilities, insurance, government, financial services, and healthcare clients.  

10. Betty Blocks B.V.

Betty Blocks B.V. offers no code and low code development platform for application building. The platform is provided to several large and small enterprises. The company is known for the provision of faster and highly productive app development for supporting digital transformation. In August 2021, Betty Blocks B.V. raised a sum of USD 33 million for developing a low code development platform for citizen developers.  

Way Forward

The following years are expected to record an increasing focus on the enhancement of business operations for the advancement of digital transformation. Several Low Code Development Software companies are adopting digital tools for their workforce with an aim to enhance profitability. These aspects are anticipated to enhance the product demand, thereby increasing revenue expansion through the forecast period.