IDC predicts that the market size of low-code and no-code software in China will reach 11.15 billion RMB by 2028, with a CAGR of 27.5% over the next 5 years.

IDC research found that with the improvement of market awareness and the drive of relevant policies, the separate purchase and bidding for low-code and no-code products in the market are constantly increasing, and the products are increasingly being used in larger, more complex, and more critical system applications. In 2023, the market size of low-code and no-code software in China was 33.1 billion RMB. It is expected that the market growth rate will continue to rise in 2024 and 2025, and the market size will reach 111.5 billion RMB by 2028, with a compound annual growth rate (CAGR) of 27.5% over the next 5 years. In terms of submarkets, in the second half of 2023, the market share of the low-code submarket was 83.6%, while the market share of the no-code submarket was 16.4%. Since 2023, no-code products have been accelerating their entry into large enterprises to meet department-level application requirements for rapid development. No-code suppliers mostly choose to meet the needs of large enterprises and top industry customers through localized standard product + service solutions rather than relying entirely on customization services. On the supply side of the products, there are numerous low-code manufacturers in China, showing diversified development. The types of manufacturers include independent manufacturers (Awz, Defan, Jiandaoyun), application software and SaaS manufacturers (Kingdee, UFIDA), platform manufacturers (Huawei, Inspur), etc. The market share of manufacturers in the Chinese low-code and no-code software market in the second half of 2023 is as follows: The market share of manufacturers in the Chinese low-code and no-code software submarkets in the second half of 2023 is as follows: Wang Nan, research manager of IDC China Enterprise Software Market, stated that the incorporation of large-scale models and generative AI capabilities (such as code assistants) helps to further enhance the development efficiency and customer user experience of low-code and no-code products. However, the emergence of new agile application development platforms based on large models (such as AI intelligent body development) that overlap with some target scenarios of low-code and no-code poses a challenge to the market space of low-code and no-code. However, the focus of the two types of products is not the same. AI intelligent body development products focus on agility and intelligence, while low-code and no-code products, in addition to focusing on agility, also pay more attention to meeting enterprise-level business processes and industry characteristics. Overall, the future Chinese low-code and no-code software market will continue to maintain a high-speed growth trend.