IDC: It is estimated that the market size will reach 12.98 billion by 2029, with a compound annual growth rate of 26.4%.

IDC recently released the "2024 China Low-Code and No-Code Software Market Tracking Report for the Second Half of the Year", which showed that the market size of low-code and no-code software in China for the second half of 2024 was 2.29 billion yuan, with a year-on-year growth rate of 20.2%. The market size for the entire year of 2024 is projected to be 4.03 billion yuan. It is estimated that by 2029, the market size will reach 12.98 billion yuan, with a compound annual growth rate of 26.4% over the next 5 years. Currently, the trend of integrating low-code and no-code software is becoming more apparent in order to meet the comprehensive needs of enterprise IT departments and business departments. In terms of the segmented market, the size of the low-code sub-market in the year 2024 accounted for 85.6%, while the size of the no-code sub-market accounted for 14.4%.