ARTICLE

The Potential of Low Code: An Exploration of Key Insights

In today’s fast-evolving digital landscape, the ability to rapidly create and deploy software applications is critical for organizations seeking innovation and a competitive edge. Low code technology, a transformative approach allowing individuals with varying levels of coding expertise to craft applications, has been steadily gaining momentum. In this article, we present key statistics for those considering this approach for app development.
 

The Essence of Low Code

Low code represents a paradigm shift in software development, minimizing the reliance on manual coding. Instead, it ushers in a user-friendly visual interface, offering templates and pre-built components that expedite app creation. The outcome is a development process that is more budget-friendly and efficient.
 

The Ascension of Low Code

Low code isn’t a mere trend; it’s a transformative force in the landscape of application development. Currently, 84% of businesses opt for low code, recognizing its capacity to alleviate the IT resource burden, quicken time to market, and actively engage the organization in digital asset creation.

The following statistics further underscore its growing relevance:

Market Growth: The low code development market is experiencing significant growth and is projected to reach $21.2 billion by 2022, as reported by Forrester.

Wide Adoption: A remarkable 77% of organizations have already embraced low code platforms, underscoring its extensive applicability.

Dominance in Development: By 2024, low code development tools are anticipated to spearhead over 65% of application development activities, marking their pivotal role in shaping the future of development.

Skill Gap Mitigation: Following the domain of data science, IT is now the second area where organizations are most actively bridging skill gaps. Low code platforms have emerged as a valuable solution in this context.

Dramatic Reduction in App Development Time: Leveraging no code and low code development services can lead to a remarkable 90% reduction in application development time.

Evolution of IT Diversity: Forecasts suggest that approximately 70% of newly developed apps in organizations will leverage low code technologies by 2025, indicating a transformative shift in IT dynamics.

Custom App Development Beyond IT: Nearly 60% of custom applications are now created outside the IT department, with 30% of them crafted by individuals possessing limited technical development skills and experience.

Exponential Application Growth: Between 2018 and 2023, it is anticipated that more than 500 million applications being developed, surpassing the cumulative total of the previous 40 years.

Accelerated App Development: An impressive 72% of users are crafting applications through low-code platforms in under three months.

Preference of IT Developers: A significant 69% of professional IT developers express their preference for working with low-code development platforms.

Robust App Output: On an average annual basis, organizations generate a remarkable tally of 12 applications using low-code development platforms.

Optimizing IT Resources: The adoption of low-code tools results in the average company avoiding the hiring of two IT developers, effectively streamlining resource utilization.

Empowering Developers: While no-code solutions don’t supplant developers entirely, they empower them to focus on intricate and strategic projects, enhancing overall productivity.

Enhanced Agility: Business owners find that low-code development platforms are not only cost-effective but also enhance their agility throughout the application development process.
 

Conclusion

In conclusion, low code technology is more than a passing fad; it represents a transformative force offering diverse benefits to organizations of all scales. It empowers teams to craft applications more efficiently, reduce costs, and enhance collaboration. Whether you are an entrepreneur seeking to materialize your ideas or a developer aiming to streamline your development process, low code technology offers a promising path for success in the realm of application development. As you explore your options, consider these statistics and the potential they hold for the growth and innovation of your organization.
 



 
Source: https://radixweb.com/blog/low-code-statistics