Global low-code market expected to reach US$ 264.40 billion by 2032, driven by AI and automation

The global low-code development platform market is expected to reach US$ 264.40 billion by 2032, with a compound annual growth rate (CAGR) of 32.0% over the projected period & this is what the Fortune Business Insights report reveals.In 2024, this sector was valued at USD 28.75 billion. These figures point to a high demand for democratic development platforms from fast delivery with minimal manual coding, that is, the creation and management of applications by users with little IT expertise. 

With the use of large language models (LLMs), such as Gemini and ChatGPT, and advances in artificial intelligence, there is the possibility of exploring opportunities to significantly reshape a business with innovative features through enterprise applications developed in an uncomplicated, accelerated and secure way. Among the main advantages of creating applications in companies are: visual and intuitive interfaces, reduced costs, task optimization, greater productivity, flexibility, multiplatform development, scalability, improved security and in-depth analysis based on the data generated. 

“The combination of low-code and artificial intelligence is redefining the way companies develop and scale their applications. Today, it is not just about accelerating development, but allowing business teams to create robust solutions without relying exclusively on IT experts. This new scenario enables greater flexibility, security and operational efficiency, reducing costs and delivery time. Companies that know how to exploit this synergy will be at the forefront in digital transformation, explains Lucas Felisberto, VP LatAm Sales & CS of global software company, Jitterbit. 

A survey by Gartner revealed that this year, more than 65% of applications will be developed using low-code platforms. Thus, the adoption of AI and technological automation significantly implies the results generated, operational efficiency and agility of processes. Jitterbit, for example, has been working in the industry with the development of robust solutions in a simplified and agile way through its solutions, such as App Builder, allowing the reduction of costs, increased productivity and strengthening operational security. Brands such as Cal-Maine Foods, Zeppelin Systems, iHeartMedia and Etiya, already rely on this type of robust development. 

“We are entering an era where innovation and technological accessibility go together. Low-code democratizes software development, while AI enhances its capabilities. This means that organizations of all sizes can optimize their processes, try new features quickly and scale their operations intelligently, all this still unburdening IT teams, but without them losing the management of this. The speed and flexibility of these platforms are strategic differentials for those seeking competitiveness in the current market”, concludes Lucas.