The Low-Code Market Could Approach $50 Billion By 2028
Forrester, Monday, January 29th, 2024
A $13-Billion Market For Low-Code And DPA Platforms
After analyzing relevant data from over 100 vendors, Forrester estimates that the combined low-code and digital process automation (DPA) market reached $13.2 billion by the end of 2023. This represents a growth rate of roughly 21% since 2019. What drove this growth? The institutionalization of low-code in IT. Based on our most recent survey data, 87% of enterprise developers use low-code development platforms for at least some of their development work.
Looking forward, we expect this growth to continue through 2028. Why? Citizen development. The democratization of development to workers outside of IT shows no signs of slowing down - and as citizen developer strategies mature, we believe that this relatively untapped use case will sustain a 21% growth rate for the next five years, growing to approximately $30 billion in 2028.