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Industry Landscape
The no-code/low-code industry is experiencing rapid growth, driven by the increasing demand for faster and more cost-effective software development. It democratizes app creation, enabling businesses to quickly build and iterate solutions without extensive coding. This shift is reshaping traditional IT and fostering innovation across various sectors.
Industries:
Total Assets Under Management (AUM)
Market Size in United States
~30.4 billion USD
(29.9% CAGR)
- Driven by increasing demand for rapid application development.
- Adoption by both IT and business users.
- Expansion into diverse industry verticals.
Total Addressable Market
30.4 billion USD
Market Growth Stage
Low
Medium
High
Pace of Market Growth
Accelerating
Deaccelerating