Lionel Sujay Vailshery
Research expert covering cloud computing and emerging tech industries
Low-code and no-code platforms - statistics & facts
Low-code and no-code development platforms allow professional as well as citizen developers to quickly and efficiently create applications in a visual software development environment. The fact that little to no coding experience is required to build applications that may be used to resolve business issues underlines the value of the technology for organizations worldwide. Unsurprisingly, the global low-code platform market is forecast to amount to approximately 65 billion U.S. dollars by 2027.
In this model, users connect different components to create computerized processes. The components are visually displayed as drag and drop modules that contain actual lines of code. Because users are offered a complete library of easy-to-use pre-built functionality, they can create a variety of applications that feature business logic and processes. These include data modeling and visualization apps as well as productivity apps.
How do low-code and no-code platforms work?
In traditional software development, professionals write lines of code in a given computer language to create a set of instructions that makes the computer perform a certain task. This usually involves both expertise in programming and planning the different stages of the process. Low-code and no-code platforms alleviate the need to be trained in software development by providing the user with a visual software development environment.In this model, users connect different components to create computerized processes. The components are visually displayed as drag and drop modules that contain actual lines of code. Because users are offered a complete library of easy-to-use pre-built functionality, they can create a variety of applications that feature business logic and processes. These include data modeling and visualization apps as well as productivity apps.
Benefits of low-code and no-code platforms
Organizations already see the benefits of using these platforms, as almost 60 percent of them indicated that using low-code increases revenue and helps replace legacy systems. Other benefits include the monitoring capabilities of these platforms, as well as their cross-platform accessibility and speed compared to traditional development. Given these benefits and the wide variety of use cases for these platforms, low-code development technologies are increasing both in popularity and adoption. This is illustrated by the fact that the global low-code development market is forecast to grow by 23 percent in 2021, and not likely to slow down in the years ahead.
