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Industry Landscape
The No-Code Development Platform (NCDP) industry is experiencing rapid growth, driven by increasing demand for digital transformation, business agility, and cost-effective software solutions. It empowers non-technical users to build applications, democratizing software creation. The market is dynamic, with continuous innovation in features and integrations. Competition is intense, but the underlying demand for faster, more accessible app development continues to fuel expansion.
Total Assets Under Management (AUM)
Global No-Code Development Platform Market Size in United States
~The market size for no-code development platforms in the United States is estimated to be approximately 3.4 billion USD in 2023.
(24.5% CAGR)
This growth is fueled by:
- Increased adoption across SMBs and enterprises.
- Focus on digital transformation initiatives.
- Demand for faster application deployment.
Total Addressable Market
5.6 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered App Generation
The integration of advanced AI models to automatically generate applications or specific functionalities based on natural language prompts or high-level requirements.
Composable Architecture
Breaking down applications into smaller, reusable, and interoperable components that can be easily assembled and reassembled to create new applications or modify existing ones.
Web3 & Decentralized Applications (dApps)
The ability to build no-code applications that interact with blockchain technologies, smart contracts, and decentralized data storage.
Impactful Policy Frameworks
California Consumer Privacy Act (CCPA) - 2018 (amended by CPRA 2020)
The CCPA grants California consumers new rights regarding the collection and sale of their personal information, including the right to know, delete, and opt-out of sales. The California Privacy Rights Act (CPRA) expanded these rights and established the California Privacy Protection Agency (CPPA).
Softr and its users must ensure robust data privacy mechanisms and consent management for data collected from Californian users to remain compliant.
New York Shield Act - 2019
The SHIELD Act requires businesses to adopt reasonable safeguards to protect the security of private information and broadens the scope of New York’s data breach notification law to include more types of data and expand geographic applicability.
Softr must enhance its security protocols and breach notification procedures for all users, particularly those with data subject to New York jurisdiction, to avoid penalties.
NIST Cybersecurity Framework 2.0 - 2024
While not a regulation, NIST CSF 2.0 provides updated guidance for organizations to understand, manage, and reduce their cybersecurity risks, emphasizing governance, supply chain risk management, and measuring cybersecurity outcomes.
Softr will need to continually align its platform's security features and internal processes with this evolving framework to assure enterprise clients of its robust security posture and build trust.
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