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Industry Research
Low-code Technology in Insurance Industry Research Report 2026
Market perspective
The global Low-code Technology in Insurance market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the Low-code Technology in Insurance market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Low-code Technology in Insurance market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the Low-code Technology in Insurance market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of Low-code Technology in Insurance include Pega, Appian, Newgen, Vitech, Majesco, Mendix, OutSystems, ServiceNow and Unqork, among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global Low-code Technology in Insurance market in terms of revenue (US$ million) and, where applicable, service volume (k units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Low-code Technology in Insurance.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Low-code Technology in Insurance Market by Company
Pega
Appian
Newgen
Vitech
Majesco
Mendix
OutSystems
ServiceNow
Unqork
Creatio
Solartis
Innoveo
Neutrinos
Adacta
BriteCore
Cogitate
Easysend
Evari
Instanda
Insurity
SpeedBuilder Systems
Low-code Technology in Insurance Segment by Type
Cloud Based
On-premises
Low-code Technology in Insurance Segment by Application
SMEs
Large Enterprises
Low-code Technology in Insurance Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Low-code Technology in Insurance market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Low-code Technology in Insurance and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Low-code Technology in Insurance.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Low-code Technology in Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Cloud Based
- On-premises
Applications
- SMEs
- Large Enterprises
Companies covered
- Pega
- Appian
- Newgen
- Vitech
- Majesco
- Mendix
- OutSystems
- ServiceNow
- Unqork
- Creatio
- Solartis
- Innoveo
- Neutrinos
- Adacta
- BriteCore
- Cogitate
- Easysend
- Evari
- Instanda
- Insurity
- SpeedBuilder Systems
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Low-code Technology in Insurance by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Cloud Based
- 2.2.3 On-premises
- 2.3 Low-code Technology in Insurance by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 SMEs
- 2.3.3 Large Enterprises
- 2.4 Assumptions and Limitations
3 Low-code Technology in Insurance Breakdown Data by Type
- 3.1 Global Low-code Technology in Insurance Historic Market Size by Type (2021-2026)
- 3.2 Global Low-code Technology in Insurance Forecasted Market Size by Type (2027-2032)
4 Low-code Technology in Insurance Breakdown Data by Application
- 4.1 Global Low-code Technology in Insurance Historic Market Size by Application (2021-2026)
- 4.2 Global Low-code Technology in Insurance Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Low-code Technology in Insurance Market Perspective (2021-2032)
- 5.2 Global Low-code Technology in Insurance Growth Trends by Region
- 5.2.1 Global Low-code Technology in Insurance Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Low-code Technology in Insurance Historic Market Size by Region (2021-2026)
- 5.2.3 Low-code Technology in Insurance Forecasted Market Size by Region (2027-2032)
- 5.3 Low-code Technology in Insurance Market Dynamics
- 5.3.1 Low-code Technology in Insurance Industry Trends
- 5.3.2 Low-code Technology in Insurance Market Drivers
- 5.3.3 Low-code Technology in Insurance Market Challenges
- 5.3.4 Low-code Technology in Insurance Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Low-code Technology in Insurance Players by Revenue
- 6.1.1 Global Top Low-code Technology in Insurance Players by Revenue (2021-2026)
- 6.1.2 Global Low-code Technology in Insurance Revenue Market Share by Players (2021-2026)
- 6.2 Global Low-code Technology in Insurance Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Low-code Technology in Insurance Head Office and Area Served
- 6.4 Global Low-code Technology in Insurance Players, Product Type & Application
- 6.5 Global Low-code Technology in Insurance Manufacturers Established Date
- 6.6 Global Low-code Technology in Insurance Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Low-code Technology in Insurance Market Size (2021-2032)
- 7.2 North America Low-code Technology in Insurance Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Low-code Technology in Insurance Market Size by Country (2021-2026)
- 7.4 North America Low-code Technology in Insurance Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Low-code Technology in Insurance Market Size (2021-2032)
- 8.2 Europe Low-code Technology in Insurance Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Low-code Technology in Insurance Market Size by Country (2021-2026)
- 8.4 Europe Low-code Technology in Insurance Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Low-code Technology in Insurance Market Size (2021-2032)
- 9.2 Asia-Pacific Low-code Technology in Insurance Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Low-code Technology in Insurance Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Low-code Technology in Insurance Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Low-code Technology in Insurance Market Size (2021-2032)
- 10.2 South America Low-code Technology in Insurance Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Low-code Technology in Insurance Market Size by Country (2021-2026)
- 10.4 South America Low-code Technology in Insurance Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Low-code Technology in Insurance Market Size (2021-2032)
- 11.2 Middle East & Africa Low-code Technology in Insurance Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Low-code Technology in Insurance Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Low-code Technology in Insurance Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Pega
- 12.1.1 Pega Company Information
- 12.1.2 Pega Business Overview
- 12.1.3 Pega Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.1.4 Pega Low-code Technology in Insurance Product Portfolio
- 12.1.5 Pega Recent Developments
- 12.2 Appian
- 12.2.1 Appian Company Information
- 12.2.2 Appian Business Overview
- 12.2.3 Appian Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.2.4 Appian Low-code Technology in Insurance Product Portfolio
- 12.2.5 Appian Recent Developments
- 12.3 Newgen
- 12.3.1 Newgen Company Information
- 12.3.2 Newgen Business Overview
- 12.3.3 Newgen Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.3.4 Newgen Low-code Technology in Insurance Product Portfolio
- 12.3.5 Newgen Recent Developments
- 12.4 Vitech
- 12.4.1 Vitech Company Information
- 12.4.2 Vitech Business Overview
- 12.4.3 Vitech Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.4.4 Vitech Low-code Technology in Insurance Product Portfolio
- 12.4.5 Vitech Recent Developments
- 12.5 Majesco
- 12.5.1 Majesco Company Information
- 12.5.2 Majesco Business Overview
- 12.5.3 Majesco Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.5.4 Majesco Low-code Technology in Insurance Product Portfolio
- 12.5.5 Majesco Recent Developments
- 12.6 Mendix
- 12.6.1 Mendix Company Information
- 12.6.2 Mendix Business Overview
- 12.6.3 Mendix Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.6.4 Mendix Low-code Technology in Insurance Product Portfolio
- 12.6.5 Mendix Recent Developments
- 12.7 OutSystems
- 12.7.1 OutSystems Company Information
- 12.7.2 OutSystems Business Overview
- 12.7.3 OutSystems Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.7.4 OutSystems Low-code Technology in Insurance Product Portfolio
- 12.7.5 OutSystems Recent Developments
- 12.8 ServiceNow
- 12.8.1 ServiceNow Company Information
- 12.8.2 ServiceNow Business Overview
- 12.8.3 ServiceNow Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.8.4 ServiceNow Low-code Technology in Insurance Product Portfolio
- 12.8.5 ServiceNow Recent Developments
- 12.9 Unqork
- 12.9.1 Unqork Company Information
- 12.9.2 Unqork Business Overview
- 12.9.3 Unqork Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.9.4 Unqork Low-code Technology in Insurance Product Portfolio
- 12.9.5 Unqork Recent Developments
- 12.10 Creatio
- 12.10.1 Creatio Company Information
- 12.10.2 Creatio Business Overview
- 12.10.3 Creatio Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.10.4 Creatio Low-code Technology in Insurance Product Portfolio
- 12.10.5 Creatio Recent Developments
- 12.11 Solartis
- 12.11.1 Solartis Company Information
- 12.11.2 Solartis Business Overview
- 12.11.3 Solartis Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.11.4 Solartis Low-code Technology in Insurance Product Portfolio
- 12.11.5 Solartis Recent Developments
- 12.12 Innoveo
- 12.12.1 Innoveo Company Information
- 12.12.2 Innoveo Business Overview
- 12.12.3 Innoveo Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.12.4 Innoveo Low-code Technology in Insurance Product Portfolio
- 12.12.5 Innoveo Recent Developments
- 12.13 Neutrinos
- 12.13.1 Neutrinos Company Information
- 12.13.2 Neutrinos Business Overview
- 12.13.3 Neutrinos Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.13.4 Neutrinos Low-code Technology in Insurance Product Portfolio
- 12.13.5 Neutrinos Recent Developments
- 12.14 Adacta
- 12.14.1 Adacta Company Information
- 12.14.2 Adacta Business Overview
- 12.14.3 Adacta Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.14.4 Adacta Low-code Technology in Insurance Product Portfolio
- 12.14.5 Adacta Recent Developments
- 12.15 BriteCore
- 12.15.1 BriteCore Company Information
- 12.15.2 BriteCore Business Overview
- 12.15.3 BriteCore Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.15.4 BriteCore Low-code Technology in Insurance Product Portfolio
- 12.15.5 BriteCore Recent Developments
- 12.16 Cogitate
- 12.16.1 Cogitate Company Information
- 12.16.2 Cogitate Business Overview
- 12.16.3 Cogitate Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.16.4 Cogitate Low-code Technology in Insurance Product Portfolio
- 12.16.5 Cogitate Recent Developments
- 12.17 Easysend
- 12.17.1 Easysend Company Information
- 12.17.2 Easysend Business Overview
- 12.17.3 Easysend Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.17.4 Easysend Low-code Technology in Insurance Product Portfolio
- 12.17.5 Easysend Recent Developments
- 12.18 Evari
- 12.18.1 Evari Company Information
- 12.18.2 Evari Business Overview
- 12.18.3 Evari Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.18.4 Evari Low-code Technology in Insurance Product Portfolio
- 12.18.5 Evari Recent Developments
- 12.19 Instanda
- 12.19.1 Instanda Company Information
- 12.19.2 Instanda Business Overview
- 12.19.3 Instanda Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.19.4 Instanda Low-code Technology in Insurance Product Portfolio
- 12.19.5 Instanda Recent Developments
- 12.20 Insurity
- 12.20.1 Insurity Company Information
- 12.20.2 Insurity Business Overview
- 12.20.3 Insurity Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.20.4 Insurity Low-code Technology in Insurance Product Portfolio
- 12.20.5 Insurity Recent Developments
- 12.21 SpeedBuilder Systems
- 12.21.1 SpeedBuilder Systems Company Information
- 12.21.2 SpeedBuilder Systems Business Overview
- 12.21.3 SpeedBuilder Systems Revenue in Low-code Technology in Insurance Business (2021-2026)
- 12.21.4 SpeedBuilder Systems Low-code Technology in Insurance Product Portfolio
- 12.21.5 SpeedBuilder Systems Recent Developments
13 Report Conclusion
14 Disclaimer
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