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Low-Code Internet Of Things (IoT) Application Platform Market Growth Potential: How Will Market Size Shift Through 2030?
The low-code internet of things (IoT) application platform market has experienced significant expansion in recent years. This market is projected to grow from $7.75 billion in 2025 to $9.5 billion in 2026, achieving a compound annual growth rate (CAGR) of 22.5%. Historically, its growth has been driven by factors such as increasing IoT device deployments, a rising demand for faster application development, a growing shortage of skilled software developers, an escalating demand for IoT system integration, and the increasing adoption of connected business processes.
The low-code internet of things (IoT) application platform market is projected to experience substantial expansion in the coming years. By 2030, this market is anticipated to reach a value of $21.13 billion, exhibiting a compound annual growth rate (CAGR) of 22.1%. This forecasted expansion is driven by factors such as a heightened need for scalable IoT application creation, an increase in the uptake of citizen developer platforms, a rise in the implementation of connected industrial applications, a growing requirement for swift IoT solution customization, and the broader integration of low-code development within enterprise settings. Key developments expected during this period involve a greater embrace of visual IoT application development tools, a surge in the demand for drag-and-drop IoT solution creation, an increased utilization of pre-existing IoT application components, a rising imperative for streamlined device integration, and the wider adoption of low-code workflow automation specifically for IoT applications.
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Low-Code Internet Of Things (IoT) Application Platform Market Growth Drivers: What’s Behind The Acceleration?
The expansion of digital transformation efforts in various sectors is projected to drive the growth of the low-code internet of things (IoT) application platform market moving ahead. These initiatives entail the adoption of digital technologies to optimize operations, improve efficiency, and facilitate business models based on data. Such initiatives are on the rise across industries, driven by a rising demand for operational effectiveness, as companies utilize digital tools to automate tasks, lower expenses, and boost output. Low-code internet of things (IoT) application platforms aid these digital transformation efforts throughout industries by allowing for the swift creation and implementation of connected applications, thereby cutting down development periods and speeding up process automation and data-informed decision-making. For example, in January 2026, data from the Organisation for Economic Co-operation and Development (OECD), an intergovernmental body located in France, indicated that in 2025, 20.2% of businesses reported AI adoption, an increase from 14.2% in 2024 and 8.7% in 2023. Consequently, the expanding digital transformation initiatives across industries are fueling the expansion of the low-code internet of things (IoT) application platform market.
Low-Code Internet Of Things (IoT) Application Platform Market Segment Performance And Emerging Opportunities
The low-code internet of things (IoT) application platform market covered in this report is segmented –
1) By Component: Platform, Services
2) By Deployment Mode: Cloud, On Premises
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Asset Management, Remote Monitoring, Predictive Maintenance, Smart Manufacturing, Smart Home, Other Applications
5) By End User Industry Vertical: Banking Financial Services And Insurance, Retail And E-Commerce, Government And Defense, Healthcare, Information Technology And Telecommunications, Energy And Utilities, Manufacturing, Media Entertainment And Gaming, Other End User Industries
Subsegments:
1) By Platform: Application Development Platform, Device Management Platform, Data Integration Platform, Analytics And Visualization Platform, Workflow Automation Platform
2) By Services: Consulting Services, Implementation And Integration Services, Managed Services, Support And Maintenance Services, Training And Education Services, Customization Services, Migration Services, Testing And Quality Assurance Services
Low-Code Internet Of Things (IoT) Application Platform Market Trends: What’s Defining The Industry’s Next Phase?
Major companies within the low-code internet of things (IoT) application platform market are concentrating on developing innovative solutions, including customizable low-code IoT platforms with pre-built vertical solutions, to accelerate IoT application development, enhance operational efficiency, and improve customer experience. These customizable low-code IoT platforms, featuring pre-built vertical solutions, refer to software platforms that empower users to rapidly develop, deploy, and manage IoT applications by utilizing visual development tools and industry-specific templates with minimal coding effort. For instance, in September 2024, Zoho Corporation, a US-based software company, introduced Zoho IoT, an adaptable low-code IoT platform complete with pre-built vertical solutions. This platform is engineered to simplify the development, deployment, and management of IoT applications across diverse industries. It provides benefits such as quick application development, seamless device integration, and industry-specific customizable templates. The launch aims to assist customers in accelerating their digital transformation, improving operational efficiency, and delivering enhanced customer experiences, while also supporting the growing adoption of connected technologies and low-code application development.
Low-Code Internet Of Things (IoT) Application Platform Market Top Companies Driving Competitive Growth
Major companies operating in the low-code internet of things (IoT) application platform market are Microsoft Corporation, Siemens AG, Salesforce Inc., Zoho Corporation Pvt. Ltd., PTC Inc., Appian Corporation, OutSystems Inc., Tulip Interfaces Inc., KaaIoT Technologies LLC, Blynk Inc., ThingsBoard Inc., Datacake GmbH, Litmus Automation Inc., TagoIO Inc., Ubidots Inc., ClearBlade Inc., FlowFuse Inc.
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Low-Code Internet Of Things (IoT) Application Platform Market Global Footprint: Which Region Leads The Industry?
North America was the largest region in the low-code internet of things (IoT) application platform market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the low-code internet of things (IoT) application platform market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.