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No-code Software

Now anyone can become a software developer.

Overview

No-code development platforms (NCDPs) aim to give power to individuals to realize their software ideas, regardless of technical skill and know-how. To do that, these platforms utilize familiar functions such as drag-and-drop, filters, data queries, and widgets, to create software without the need to write a single line of code. NCDPs have so far disrupted business applications, mobile applications, and websites.

What's driving this industry?
Market Sizing

No Code Development Platform market could range between USD 4.2-7.8 billion by 2026

Conservative case

USD 4.2 Bn

Base case

USD 6.0 Bn

Expansion case

USD 7.8 Bn

USD billion02468202120222023202420252026
View details

COVID-19 IMPACT

  • Wix reported an increase of 31 million registered users in 2020 (only 23 million were added during 2019) along with 995,000 net premium subscription additions (516,000 additions in 2019). 

  • Shopify’s revenue grew 86% YoY in 2020, while the Gross Merchandising Volume sold via its platform rose 96% YoY in 2020. 

  • BigCommerce’s revenue rose 35.9% YoY in 2020.

  • Zephyr and Shogun raised funding in 2020 and reported significant revenue growth. 

  • Airtable, Ushur, and Unit21 raised funding during 2020 and noted that the Covid-19 pandemic increased business growth and demand. 

  • Unqork partnered with the city of New York to build and launch a Covid-19 crisis management platform backed by CapitalG (Alphabet) and BlackRock.

View detail

Market Mapping


The NDCP industry is dominated by workflow automation, business application and web application and e-commerce segments, attracting most funding with more startups being in early and growth stages. Notably, the workflow automation and business application segments had slightly higher composition of early and growth stage startups compared to the web application and e-commerce segment.

Incumbents
Growth
Early
Seed
Pre-Seed
Business Application
?
Workflow Automation
?
Web Sites and e-commerce applications
?
Spreadsheets, databases and data science
?
Gaming Apps
?
Mobile Application
?
Spreadsheet.com
Spreadsheet.com
Spreadsheet.com
Spreadsheet.com
Spreadsheet.com
Spreadsheet.com
Salesforce
AWS
Microsoft
IBM
Acuant
C3 AI
Tigerlab
Agiloft
Scope AR
Majesco
TIME
Airtable
Odoo
Unqork
WalkMe
Coda
Ada
Evisort
Tulip
Smartsheet
Ceros
Jebbit
Kore.ai
Instanda
Flashpoint
Knack Inc.
JotForm
Caspio
Flowfinity Wireless
Typeform
CaptivateIQ
Tonkean
Reprise
Mutiny
EasySend
Forma.ai
Walnut
Demostack
Unit21
Famous
Betty Blocks
Skuid
Knak
Stacker
Druid
Zilla Security
Uizard
Zingtree
Tiled
Softr
Squirro
Innoveo
Lang.ai
Sequel
FormAssembly
Landbot
Adalo
Intuiface
Pattern Health
Joget
Yapp
Cognito, LLC
Abbacore
Uiflow
Callvu
Monolith AI
Dyspatch
EverAfter
Anima
Octane AI
Spec
Mobius Labs
Tourial
Polymer
Heyflow
Enable.us
Demoleap
CatalystXL
Monetize360
Full Speed Automation
Judo
Brevity
Index
Mailmodo
Reflect
Dealtale
MuukLabs
Zammo
22apps
Mightyforms
Ampstor
Blobr
SAP SE
Verisk Analytics
Zoho
Astreya
Insightly
SailPoint
Atlassian
Qlik
Formstack
monday.com
Notion
airSlate
LogicGate
Evisort
Smartsheet
Nintex
Pipefy
tray.io
Zip
Files.com
ProcessMaker
Decisions
Zapier
Hims.ai
Caspio
Ubot
Flowfinity Wireless
Bryter
Leapwork
Tines
Accern
Syncari
Certa
Innoveo
Signzy
FormAssembly
Parabola
Array
HighGear
Tadabase
RoboMQ
ZigiWave
GoodFlow
Rattle
Alloy Automation
Next Matter
Sora
Bardeen.ai
Zluri
Hivewire
Taskade
Anvil
Polytomic
KissFlow
Phiona
Pandaflow
Levity
Hirio
Squarespace
Webflow
BigCommerce
Shopify
Shogun
Bubble
Duda
Wix
Jimdo
Yola
Memberstack
ConvertKit
Webnode
Mutiny
GoSite
Descript
Universe
Strikingly
Builder.io
Process Street
Pipe17
Shorthand
Readymag
MemberSpace
Maker
GrowSurf
Outgrow
Zowie
Pico
Candu
Unstack
UserGuiding
Code2
Jet Admin
Dashblock
Typedream
quest.ai
Siteoly
Digiphy
SAS
Position2
Qlik
Databricks
Alteryx
Airtable
Sigma Computing
Funnel
Upsolver
Peltarion
Oribi
Xceptor
SparkBeyond
JotForm
Pixis
causaLens
Lumiata
Improvado
Black Crow AI
Vanti Analytics
Canvass Analytics
Mozart Data
Kleene.ai
Obviously AI
Trevor.io
Octopus Data
y42
Noogata
Rows
Bardeen.ai
Facet Data
Preql
Coefficient
TAZI.AI
Spreadsheet.com
Cascade Labs
Basetwo
Akkio
June
DcodeAI
Intersect Labs
Coupler.io
Stencyl
Yahaha Studios
Inworld AI
GameSalad
Kinetix
Dorian
Soba
Rive
GRID
Google
AWS
Apple
Quick Base
IFTTT
Ionic
BuildFire
AppOnboard
Thunkable
Voiceflow
Glide Apps
Lumavate
Plobal Apps
Dropsource
Adalo
Vajro
Appy Pie
Bloks
PlugXR
Bizness Apps
Abbacore
Kodular
Play
Draftbit
Shoutem
SandBox Commerce
Cameraah
Nwicode
Appdrop
V One

The Disruptors


Publicly listed e-commerce platforms and private business application tools receive the most funding

Shopify is the largest company on our disruptor list with over USD 2.0 billion in 2020 revenue and a market capitalization of over USD 180 billion (August 2021). Wix, Squarespace, and BigCommerce, which are both publicly traded, also make our list of disruptors.

Among private companies, leading workflow automation provider Klaviyo had received the most funding as of August 2021, along with business application tools Airtable and Unqork.

Business Application

?

Disruptors

?
Funding in USD Millions
Smartsheet
Public - Market cap USD 4.7 bn
WalkMe
Public - Market cap USD 766.5 mn
Airtable
1353
Odoo
439
Unqork
365
Coda
240
Ada
191
Typeform
187
CaptivateIQ
165
Evisort
156
Tulip
153
Ceros
133
Jebbit
92
Tonkean
83
Reprise
82
Kore.ai
74
Instanda
73
Mutiny
72
EasySend
72
Forma.ai
58
Walnut
56
Demostack
52
Flashpoint
49
Unit21
47
Famous
41
Betty Blocks
36
Skuid
32
Knak
25
Stacker
23
Druid
21
Zilla Security
19
Uizard
19
Zingtree
19
Tiled
18
Callvu
16
Softr
16
Squirro
16
Innoveo
15
Monolith AI
14
Dyspatch
13
EverAfter
13
Anima
13
FormAssembly
11
Landbot
10
Adalo
10
Mobius Labs
7
Heyflow
6
Enable.us
5
CatalystXL
4
Monetize360
3
Knack Inc.
Unknown
JotForm
Unknown
Caspio
Unknown
Flowfinity Wireless
Unknown
Watchlist
?
Uiflow
Lang.ai
Octane AI
Sequel
Spec
Tourial
Intuiface
Polymer
Pattern Health
Demoleap
Full Speed Automation
Judo
Brevity
Index
Joget
Mailmodo
Reflect
Dealtale
Blobr
MuukLabs
Yapp
Zammo
Cognito, LLC
Abbacore
22apps
Mightyforms
Ampstor

Workflow Automation

?

Disruptors

?
Funding in USD Millions
monday.com
Public - Market cap USD 6.0 bn
Smartsheet
Public - Market cap USD 4.7 bn
Formstack
425
Notion
343
airSlate
182
LogicGate
156
Evisort
156
Nintex
135
Pipefy
123
tray.io
109
Bryter
89
Zip
81
Leapwork
72
Files.com
47
ProcessMaker
45
Tines
41
Decisions
40
Accern
35
Rattle
29
Syncari
24
Sora
19
Certa
15
Innoveo
15
Signzy
13
FormAssembly
11
Parabola
10
Taskade
5
Anvil
5
Zapier
1
Caspio
Unknown
Flowfinity Wireless
Unknown
HighGear
Unknown
Hims.ai
Unknown
Tadabase
Unknown
RoboMQ
Unknown
Ubot
Unknown
Watchlist
?
Alloy Automation
Next Matter
Bardeen.ai
Zluri
Hivewire
Polytomic
Array
Levity
KissFlow
Hirio
Phiona
ZigiWave
GoodFlow
Pandaflow

Web Sites and e-commerce applications

?

Disruptors

?
Funding in USD Millions
Shopify
Public - Market cap USD 40.2 bn
Wix
Public - Market cap USD 4.2 bn
Squarespace
Public - Market cap USD 2.9 bn
BigCommerce
Public - Market cap USD 1.2 bn
Webflow
335
Shogun
115
Bubble
106
Duda
96
Mutiny
72
GoSite
60
Descript
50
Universe
47
Jimdo
29
Yola
25
Zowie
20
Strikingly
18
Builder.io
17
Process Street
15
Memberstack
2
MemberSpace
Unknown
Maker
Unknown
Webnode
Unknown
Typedream
Unknown
Watchlist
?
Pico
Pipe17
Shorthand
Candu
Unstack
Digiphy
UserGuiding
Code2
Readymag
Jet Admin
Dashblock
ConvertKit
quest.ai
GrowSurf
Siteoly
Outgrow

Spreadsheets, databases and data science

?

Disruptors

?
Funding in USD Millions
Airtable
1353
Sigma Computing
381
Funnel
134
Pixis
124
causaLens
51
Lumiata
45
Upsolver
42
Peltarion
37
Improvado
30
Noogata
28
Oribi
28
Rows
25
Black Crow AI
25
Vanti Analytics
22
Canvass Analytics
21
Mozart Data
19
Kleene.ai
16
Coefficient
7
Spreadsheet.com
6
Cascade Labs
5
Akkio
3
JotForm
Unknown
Xceptor
Unknown
SparkBeyond
Unknown
Watchlist
?
y42
Bardeen.ai
Facet Data
Preql
TAZI.AI
Obviously AI
Basetwo
June
DcodeAI
Intersect Labs
Trevor.io
Octopus Data
Coupler.io

Gaming Apps

?

Disruptors

?
Funding in USD Millions
Yahaha Studios
81
Inworld AI
70
Kinetix
22
Soba
14
Rive
4
Stencyl
Unknown
Watchlist
?
Dorian
GameSalad
GRID

Mobile Application

?

Disruptors

?
Funding in USD Millions
IFTTT
63
AppOnboard
62
Ionic
25
Voiceflow
24
Lumavate
15
Plobal Apps
14
Dropsource
11
Adalo
10
Shoutem
2
SandBox Commerce
0
Appdrop
Unknown
PlugXR
Unknown
BuildFire
Unknown
Bizness Apps
Unknown
Kodular
Unknown
Watchlist
?
Thunkable
Glide Apps
Play
Vajro
Draftbit
V One
Cameraah
Appy Pie
Abbacore
Bloks
Nwicode

Smartsheet

Smartsheet is a no code spreadsheet-centric SaaS platform offering collaborative work automation solutions to build cross-platform processes, and business-driven web and mobile apps using 3 main tools: 1) Control Center, a Smartsheet tool that automates project creation, aggregating portfolio reporting and managing change, 2) WorkApps, a tool that allows users to build apps using Smartsheet and third party content like Tableau dashboards or Google Docs, and 3) Bridge, a tool that enables users to connect data across systems and automates routine tasks.

The platform is integrated with Microsoft, Atlassian, Salesforce, Dropbox, and Amazon Web Services (AWS). As of September 2021, Smartsheet served eight million customers (including 1 million paid customers) in more than 190 countries and is deployed by about 100,000 firms, including Google, Netflix, Cisco, Roche, and SAP, with reportedly over 75% of Fortune 500 companies using its solutions. The platform, offered in eight languages, operates a subscription model starting at USD 14 per user per month. The company has offices in Boston, London, Edinburgh, and Sydney.

During 2018–2019, Smartsheet was active in the M&A market, acquiring 10,000ft (a project management tool), TernPro (the developer of Slope software), and Converse.AI (a business automation bot developer). Its most recent acquisition was in September 2020, when it acquired the digital asset management platform Brandfolder. 

Funding and financials

In April 2018, Smartsheet was listed on the NYSE and raised USD 150 million in its IPO at a valuation of USD 1.48 billion. In FY2022 (year ending January 31st), the company reported USD 550.8 million in revenue (up 42.9% YoY). The company guides for revenue to reach USD 750–755 million (implying a 36%–37% YoY growth) in FY2023. The company is yet to turn profitable and guides for adjusted loss per share to amount to USD 0.49–0.56 in FY2023 (compared to USD 0.28 in FY2022).

Segment:
Business Application
Total funding:
USD 152.2 million
Competitors:
Airtable, monday.com, Notion, Formstack, Coda
Disruptor Funding History

Business Application:

Smartsheet
WalkMe
Airtable
Odoo
Unqork
Coda
Ada
Typeform
CaptivateIQ
Evisort
Tulip
Ceros
Jebbit
Tonkean
Reprise
Kore.ai
Instanda
Mutiny
EasySend
Forma.ai
Walnut
Demostack
Flashpoint
Unit21
Famous
Betty Blocks
Skuid
Knak
Stacker
Druid
Zilla Security
Uizard
Zingtree
Tiled
Callvu
Softr
Squirro
Innoveo
Monolith AI
Dyspatch
EverAfter
Anima
FormAssembly
Landbot
Adalo
Mobius Labs
Heyflow
Enable.us
CatalystXL
Monetize360
Uiflow
Lang.ai
Octane AI
Sequel
Spec
Tourial
Intuiface
Polymer
Pattern Health
Demoleap
Full Speed Automation
Judo
Brevity
Index
Joget
Mailmodo
Reflect
Dealtale
Blobr
MuukLabs
Yapp

Workflow Automation:

monday.com
Smartsheet
Formstack
Notion
airSlate
LogicGate
Evisort
Nintex
Pipefy
tray.io
Bryter
Zip
Leapwork
Files.com
ProcessMaker
Tines
Decisions
Accern
Rattle
Syncari
Sora
Certa
Innoveo
Signzy
FormAssembly
Parabola
Taskade
Anvil
Zapier
Alloy Automation
Next Matter
Bardeen.ai
Zluri
Hivewire
Polytomic
Array
Levity
KissFlow
Hirio

Web Sites and e-commerce applications:

Shopify
Wix
Squarespace
BigCommerce
Webflow
Shogun
Bubble
Duda
Mutiny
GoSite
Descript
Universe
Jimdo
Yola
Zowie
Strikingly
Builder.io
Process Street
Memberstack
Pico
Pipe17
Shorthand
Candu
Unstack
Digiphy
UserGuiding
Code2
Readymag
Jet Admin
Dashblock

Incumbents


Tech giants play catch-up with emerging no-code concept

Big tech companies and cloud platforms are still new to NDCPs. For big tech companies such as Apple, Google and Microsoft, NDCPs (commonly based on the platform-as-a-service business model, or PaaS) are a potential revenue line. Big tech’s current legacy developer platforms have not yet gained the kind of traction that disruptors have.

Business Application
Workflow Automation
Web Sites and e-commerce applications
Spreadsheets, databases and data science
Gaming Apps
Mobile Application
In House Development
M&A
Partnership
Investment
Salesforce
Google
AWS
Microsoft
SAP SE
IBM
Apple
SAS
Zoho
Verisk Analytics
Astreya
Quick Base
Acuant
C3 AI
Tigerlab
Agiloft
Scope AR
Insightly
Position2
SailPoint
Atlassian
Majesco
Qlik
Databricks
Alteryx
TIME

Notable Investors


No investor data is available

Funding data are powered by Crunchbase
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