A profound shift is underway in how businesses build software, moving from complex lines of code to intuitive visual interfaces. Low-code development platforms are dismantling traditional barriers to digital innovation, empowering a new generation of “citizen developers” and professional coders alike to build applications faster than ever before. This movement is addressing critical IT backlogs and accelerating digital transformation initiatives across every sector, from finance to healthcare.
According to Straits Research, the global low-code development platform sector was valued at USD 30.8 billion in 2024 and is projected to reach from USD 38.84 billion in 2025 to USD 248.31 billion by 2033, growing at an explosive CAGR of 26.1% during the forecast period (2025-2033). This remarkable growth is fueled by a persistent shortage of skilled developers and an urgent need for businesses to achieve digital agility.
Key Players and Strategic Innovations
The competitive landscape features established software giants and agile specialists vying for dominance in this high-growth space.
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Microsoft (USA):Â With its Power Platform suite (Power Apps, Power Automate), Microsoft has leveraged its entrenched position in the enterprise to become a dominant force. Their recent integration of AI Copilot features across the platform allows users to generate applications and workflows through natural language commands, significantly lowering the skills threshold for development.
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ServiceNow (USA):Â A leader in enterprise workflow automation, ServiceNow has deeply embedded low-code capabilities into its Now Platform. Their recent updates focus on industry-specific solutions, enabling businesses in sectors like healthcare and financial services to quickly build compliant applications that automate complex, domain-specific processes.
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OutSystems (USA/Portugal):Â A pioneer and pure-play specialist, OutSystems continues to target large-scale, mission-critical enterprise applications. Their platform’s recent advancements emphasize enhanced AI-assisted debugging and one-click deployment to any cloud or on-premises environment, strengthening their value proposition for complex digital transformation projects.
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Mendix (USA/Netherlands – A Siemens Business):Â Now owned by Siemens, Mendix strongly focuses on industrial IoT and digital twin applications. Their growth is tightly coupled with manufacturing and smart infrastructure projects, allowing engineers to build apps that interact directly with physical machinery and sensor data.
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Salesforce (USA):Â Through its Lightning Platform, Salesforce enables businesses to extend their CRM functionality with custom applications. Their recent innovation, Einstein AI, is being infused into the development process, suggesting automatic optimizations and predicting user interface elements to streamline app creation.
Emerging Trends Shaping the Future
The evolution of low-code is being driven by several key technological integrations:
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Hyperautomation:Â Low-code platforms are becoming the central engine for hyperautomation initiatives, combining robotic process automation (RPA), AI, and process mining into a single visual environment. This allows businesses to not just build apps but to automate entire end-to-end business processes.
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AI-Powered Development:Â Generative AI is revolutionizing the space. Platforms now use AI to translate natural language descriptions into application components, automatically generate test cases, and optimize performance, moving from assisted development to proactive co-creation.
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Expansion into Mobile and Enterprise-Grade Apps:Â The scope of what can be built is expanding dramatically. Platforms now offer sophisticated capabilities for building complex, offline-capable mobile applications and systems of record that require robust security, auditing, and scalability, erasing the notion that low-code is only for simple apps.
Recent Global News and Developments
Strategic activity highlights the technology’s global reach. In a major move, ServiceNow announced a strategic partnership with EY to create pre-built, industry-specific low-code solutions for the professional services sector. From India, Zoho Corporation launched a major update to its Creator platform, focusing on enhanced mobile development capabilities for the Asian market. Meanwhile, European investment firm EQT acquired a majority stake in Mendix from Siemens, valuing the company at over €5.8 billion and signaling massive confidence in the platform’s standalone growth potential.
Summary
Low-code development has transitioned from a niche productivity tool to a mainstream strategic imperative for business agility. Leading platforms are competing on AI integration, industry specialization, and enterprise-scale capabilities. As the global developer shortage persists and the demand for custom software soars, visual development platforms are becoming the default foundation for corporate innovation and digital transformation.



