No-code and low-code are both innovative approaches to software development that aim to simplify the process of creating applications, even for individuals with limited coding experience.
No-code development platforms are tailored for individuals who lack substantial coding knowledge, offering a user-friendly interface featuring drag-and-drop elements, ready-made templates, and user-intuitive tools for crafting applications.
In contrast, low-code development platforms occupy a space between conventional coding and no-code platforms. They furnish pre-made components and visual interfaces while also permitting the inclusion of custom code when required. Low-code platforms cater to developers of varying proficiency levels and empower them to construct a broader spectrum of applications, encompassing intricate and personalized solutions.
Based on the data, it is anticipated that the market for low-code development platforms will attain a worth of $45.5 billion by the year 2025. The surge in the need for digital transformation has given rise to applications crafted by businesses. As per a report by Gartner, a substantial number of enterprises within this market are expected to rely on low-code and no-code development platforms to generate approximately 70% of their new applications by 2025.
The utilization of no-code and low-code platforms holds the potential to slash app development timelines by a staggering 90%. Projections suggest that come 2025, nearly 70% of emerging business applications will embrace the integration of low-code or no-code solutions. As of 2021, the low-code platform market was appraised at $7.61 billion, with forecasts pointing to an impressive escalation to reach $36.43 billion by the year 2027.
No-code and low-code platforms can cut down app development time by as much as 90%. By 2025, approximately 70% of newly developed business applications are expected to incorporate low-code or no-code technologies. In 2021, the low-code platform market was assessed at $7.61 billion in value, and it is anticipated to surge to $36.43 billion by 2027.
Moreover, low-code technology serves as a powerful tool in combating the challenges posed by Shadow IT. It empowers business users to construct their own solutions within IT-approved platforms, thereby reducing the temptation to resort to third-party solutions due to delays in IT support, as highlighted by Gartner’s research. Additionally, low-code platforms facilitate the optimization of a company’s existing workforce by bridging the skills gap and fostering the evolution of employees into proficient application developers.
Nonetheless, it’s essential to recognize that while low-code solutions offer numerous advantages, they can inadvertently foster Shadow IT practices when unauthorized tools are employed. This can result in resource inefficiencies and heightened security vulnerabilities. Furthermore, the degree of customization available within low-code platforms varies significantly, with some platforms offering limited flexibility in terms of functionality, user interface design, and access to underlying code.