Low-code Development Platform Market Share

Market Share of Low-code Development Platform Industry

The low-code development platform market is moderately fragmented, with many players, significant governance challenges globally, and smaller vendors cumulatively holding a major market share. The market vendors with deep pockets are actively involved in strategic M&A activities, while small companies are involved in product innovation strategies to gain market share.

• March 2023 - Pega the low-code platform provider empowering the leading enterprises to Build for Change announced plans to extend its use of AI in its platform with a set of new generative AI capabilities across Pega Infinity. Company has Integrated new generative AI technology to accelerate low-code app development and improve customer engagement.
• March 2023 - Microsoft Corporation announced the release of the newesta next-generation AI Copilot in Microsoft Power Apps that will transform low-code development. The next generation of AI technology to the very first step of application development. Developers will be able to build their business applications through an intuitive natural language conversation with Copilot in Power Apps.

Low Code Development Platform Market Leaders

1. Salesforce.com Inc.

2. Microsoft Corporation

3. Appian Corporation

4. Oracle Corporation

5. Pegasystems Inc.

*Disclaimer: Major Players sorted in no particular order