Low-code Platforms

Powering digital transformation for businesses

Overview

Low-code development platforms (LCDP) enable IT professionals as well as those with limited technical know-how to build software programs with very little traditional computer programming. It does this using graphical user interfaces and application programming interfaces (API). This is in contrast to no-code development platforms (NCDP), where users require no coding knowledge, but are confined to building blocks and templates that do not offer the same level of customization. 

Users can visually build programs such as business, web, and mobile applications; machine learning models; and integrations by dragging and dropping UI components and adding coding elements where necessary. Although this process may vary between platforms, most LCDPs automate the generation of frontend and backend code as well as configuration files based on user input. 

*Note: Additional sections (such as market sizing and incumbents) can be provided on request.

The Disruptors


Funding History

Notable Investors


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Industry scope

This industry focuses on companies developing low code platforms for 
1) Building both specialized and general-purpose applications
2) AI and ML model building and data science
3) Building integrations with third-party software
4) Process and workflow automation
However, we exclude the following areas when selecting companies for this industry:
1) Platforms that exclusively cater to citizen developers (i.e., No-code platforms). This is because some LCDPs also offer no-code features and vice versa. This can still be considered in-scope to capture the large players competing with other incumbents and disruptors in both industries. 
2) Website building platforms (most of the disruptors in this category fall within the scope of the no-code hub). This is because website building is usually already a low-complexity task for most developers compared to building applications, so the value offered by low-code isn't as high for developers as the value provided by no-code for citizen developers. 
3) Web 3.0/blockchain companies (covered under Decentralized Finance Industry).
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