Europe Low-Code Application Development Platform Market Size & Outlook
The low-code application development platform market in Europe is expected to reach a projected revenue of US$ 27,609.3 million by 2030. A compound annual growth rate of 22.8% is expected of Europe low-code application development platform market from 2024 to 2030.
Telecom Media & Technology
Software & Consulting
Low-Code Application Development Platform Market Outlook
In terms of revenue, Europe region accounted for 26.4% of the global low-code application development platform market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 29,386.9 million by 2030.
Technological advancements and innovations are allowing European businesses to integrate insights from various business processes, including sales, marketing, finance, human resources, and customer support, and make data-driven decisions.
Key market players are offering customized application development solutions based on industry-specific requirements to help businesses enhance their operational capabilities.
For instance, in June 2022, Mendix Technology BV, a low-code application development platform provider, announced that PVH Europe, home to the European offices of Calvin Klein and the global headquarters of Tommy Hilfiger, selected the Mendix low-code platform to develop an innovative suite of apps to manage and track marketing budgets efficiently.
Europe 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 72.37% in 2023.
Horizon Databook has segmented the Europe low-code application development platform market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
Technological advancements and innovations are allowing European businesses to integrate insights from various business processes, including sales, marketing, finance, human resources, and customer support, and make data-driven decisions.
Key market players are offering customized application development solutions based on industry-specific requirements to help businesses enhance their operational capabilities.
For instance, in June 2022, Mendix Technology BV, a low-code application development platform provider, announced that PVH Europe, home to the European offices of Calvin Klein and the global headquarters of Tommy Hilfiger, selected the Mendix low-code platform to develop an innovative suite of apps to manage and track marketing budgets efficiently.
Europe Low-Code Application Development Platform Market Component Outlook (Revenue, USD Million , 2018-2030)
Platform
Services
Europe Low-Code Application Development Platform Market Application Outlook (Revenue, USD Million , 2018-2030)
Web based
Mobile based
Europe Low-Code Application Development Platform Market Deployment Outlook (Revenue, USD Million , 2018-2030)
Cloud-based
On-premises
Europe 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 continent-level data and insights on the Europe Low-Code Application Development Platform Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Low-Code Application Development Platform Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Low-Code Application Development Platform Market, 2018-2030 (US$M)