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Industry Landscape
The no-code/low-code development platform market is experiencing rapid growth, driven by the increasing demand for rapid application development, digital transformation initiatives, and the need to empower citizen developers. Enterprises are adopting these platforms to accelerate time-to-market, reduce development costs, and address technical debt. The market is competitive with both established players and new innovators.
Total Assets Under Management (AUM)
Market Size in United States
~Approximately $4.7 billion USD in 2023
(23.5% CAGR)
This growth is driven by the demand for business agility.
Increased adoption by citizen developers.
Need for faster application delivery.
Total Addressable Market
100 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for Code Generation
Generative AI models are increasingly capable of producing functional code snippets, entire functions, or even complete application scaffolding from natural language prompts, accelerating development speed and reducing manual effort.
Process Mining & Task Mining Integration
Integrating process and task mining capabilities within no-code platforms allows businesses to automatically discover, analyze, and optimize workflows, providing data-driven insights for application development and automation.
Composability & Micro-Frontends
The increased adoption of composable architectures and micro-frontends enables no-code platforms to offer more modular, reusable, and independently deployable UI components, enhancing scalability and collaboration for complex enterprise applications.
Impactful Policy Frameworks
NIST AI Risk Management Framework (2023)
The National Institute of Standards and Technology (NIST) published its AI Risk Management Framework in January 2023, providing voluntary guidance for organizations to manage risks associated with artificial intelligence.
This framework encourages responsible AI development within no-code platforms, impacting how AI-powered features are built and deployed to ensure fairness, accountability, and transparency.
Cybersecurity Maturity Model Certification (CMMC) 2.0 (2021/2023)
CMMC 2.0, an updated version of the Department of Defense's cybersecurity certification program, streamlines requirements for defense contractors to protect sensitive unclassified information, with full implementation expected in 2023.
No-code platforms serving government contractors must ensure their security features and development practices comply with CMMC 2.0 to avoid losing access to federal contracts.
American Data Privacy and Protection Act (ADPPA) (Proposed, 2022)
The proposed ADPPA is comprehensive federal privacy legislation aiming to establish a national standard for data privacy rights, superseding many state laws if enacted.
If passed, no-code platforms and their enterprise users would need to ensure applications are built with robust data governance, consent mechanisms, and data minimization features to comply with new federal privacy mandates.
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