Middle East & Africa Low-Code Application Development Platform Market Size & Outlook
The low-code application development platform market in Middle East & Africa is expected to reach a projected revenue of US$ 7,014.5 million by 2030. A compound annual growth rate of 21.3% is expected of Middle East & Africa 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, MEA region accounted for 7.3% 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.
Many companies in the MEA region have been actively pursuing digital transformation initiatives to diversify their business landscapes and gain overall operational efficiency.
Countries in the region, including the UAE and Saudi Arabia, are focusing on reducing their reliance on oil-based economies and are actively investing in technology, finance, and tourism, which is expected to drive the demand for low-code application development platform from the incumbents of these industries.
For instance, in April 2023, Seed Group, a diversified company based in Dubai, UAE and operating in healthcare, technology, tourism & hospitality, and real estate, among other industries and industry verticals, announced a strategic collaboration with Quixy, a Low-Code No-Code platform based in India.
Middle East & Africa 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 69.86% in 2023.
Horizon Databook has segmented the Middle East & Africa low-code application development platform market based on platform, services covering the revenue growth of each sub-segment from 2018 to 2030.
Many companies in the MEA region have been actively pursuing digital transformation initiatives to diversify their business landscapes and gain overall operational efficiency.
Countries in the region, including the UAE and Saudi Arabia, are focusing on reducing their reliance on oil-based economies and are actively investing in technology, finance, and tourism, which is expected to drive the demand for low-code application development platform from the incumbents of these industries.
For instance, in April 2023, Seed Group, a diversified company based in Dubai, UAE and operating in healthcare, technology, tourism & hospitality, and real estate, among other industries and industry verticals, announced a strategic collaboration with Quixy, a Low-Code No-Code platform based in India.
Middle East & Africa Low-Code Application Development Platform Market Component Outlook (Revenue, USD Million , 2018-2030)
Platform
Services
Middle East & Africa Low-Code Application Development Platform Market Application Outlook (Revenue, USD Million , 2018-2030)
Web based
Mobile based
Middle East & Africa Low-Code Application Development Platform Market Deployment Outlook (Revenue, USD Million , 2018-2030)
Cloud-based
On-premises
Middle East & Africa 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 Middle East & Africa Low-Code Application Development Platform Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Low-Code Application Development Platform Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Low-Code Application Development Platform Market, 2018-2030 (US$M)