Australia Low-Code Application Development Platform Market Size & Outlook
The low-code application development platform market in Australia is expected to reach a projected revenue of US$ 4,202.1 million by 2030. A compound annual growth rate of 27.4% is expected of Australia low-code application development platform market from 2024 to 2030.
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Low-Code Application Development Platform Market Outlook
Australia low-code application development platform market highlights
The Australia low-code application development platform market generated a revenue of USD 772.9 million in 2023 and is expected to reach USD 4,202.1 million by 2030.
The Australia market is expected to grow at a CAGR of 27.4% from 2024 to 2030.
In terms of segment, platform was the largest revenue generating component in 2023.
Services is the most lucrative component segment registering the fastest growth during the forecast period.
Low-code application development platform market data book summary
In terms of revenue, Australia accounted for 3.1% of the global low-code application development platform market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Asia Pacific, China low-code application development platform market is projected to lead the regional market in terms of revenue in 2030.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,339.7 million by 2030.
Australia is known for its tech-savvy population and a vibrant startup ecosystem, both of which are driving the demand for automation solutions and connected applications based on the latest technologies in the country, thereby creating a favorable environment for adopting technology tools, including low-code application development platform.
The aggressive investments and incentives being pursued by the Australian government are also underscoring the significance of digital innovation and driving the adoption of low-code application development platform. For instance, in July 2023, Appian announced the opening of its new regional headquarters in Sydney, Australia.
The new office falls under Appian’s growth strategy, and it is expected to become a strategic hub for the company to continue its expansion in Australia and across Asia Pacific.
Australia Low-Code Application Development Platform Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Low-Code Application Development Platform Market Outlook will help companies and investors design strategic landscapes.
Platform was the largest segment with a revenue share of 73.5% in 2023.
Horizon Databook has segmented the Australia low-code application development platform market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
Australia is known for its tech-savvy population and a vibrant startup ecosystem, both of which are driving the demand for automation solutions and connected applications based on the latest technologies in the country, thereby creating a favorable environment for adopting technology tools, including low-code application development platform.
The aggressive investments and incentives being pursued by the Australian government are also underscoring the significance of digital innovation and driving the adoption of low-code application development platform. For instance, in July 2023, Appian announced the opening of its new regional headquarters in Sydney, Australia.
The new office falls under Appian’s growth strategy, and it is expected to become a strategic hub for the company to continue its expansion in Australia and across Asia Pacific.
Australia Low-Code Application Development Platform Market Component Outlook (Revenue, USD Million , 2018-2030)
Platform
Services
Australia Low-Code Application Development Platform Market Application Outlook (Revenue, USD Million , 2018-2030)
Web based
Mobile based
Australia Low-Code Application Development Platform Market Deployment Outlook (Revenue, USD Million , 2018-2030)
Cloud-based
On-premises
Australia Low-Code Application Development Platform Market Organization Size Outlook (Revenue, USD Million , 2018-2030)
Small and medium-sized Enterprises
Large Enterprises
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia Low-Code Application Development Platform Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Australia Low-Code Application Development Platform Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Australia Low-Code Application Development Platform Market, 2018-2030 (US$M)