IDC: Market Size Projected to Surpass 12.98 Billion Yuan by 2029, Marking a CAGR of 26.4%
2 week ago / Read about 0 minute
Author:小编   

The recently published IDC China Low-Code and No-Code Software Market Tracker Report for the Second Half of 2024 reveals that the market size for low-code and no-code software in China stood at 2.29 billion yuan during this period, marking a significant year-over-year growth of 20.2%. Notably, the low-code segment dominated with an 85.6% share, while the no-code segment accounted for the remaining 14.4%. Looking ahead, it is projected that by 2029, the market size will expand to an impressive 12.98 billion yuan, fueled by a robust compound annual growth rate (CAGR) of 26.4% over the next five years.

Currently, a prominent trend of integration between low-code and no-code platforms is emerging, aimed at catering more effectively to the diverse requirements of enterprise IT and business departments.