Low-code development is a new approach to software development which uses graphical user interfaces and configurations instead of traditional coding to create applications. It’s defined as a way to reduce the amount of coding needed to build an application, making it faster and more efficient for developers to create them using low-code platforms. However, this does not mean that software developers will become irrelevant or unnecessary, as there are still some tasks that need custom coding that cannot be achieved through low-code platforms. The low-code development market is predicted to reach $37.2 billion by 2026, indicating a booming sector in the software development industry that shows no sign of slowing down. Even though low-code development is trending, it’s unlikely to remove the need for software developers entirely.
Let’s discover the answer.
At what point should you use the term “low code”?
Low-code development is defined as the process of building software, websites, and apps with minimal coding or even without any coding.
Industry estimates show that the current value of the low-code development market is $5.5 billion globally in 2021. Grand View Research predicts a compound annual growth rate of 22.9% between 2022 and 2030, indicating significant growth potential for businesses to leverage low-code technology.
The swift growth of the low-code platform can be attributed to several crucial factors, which are outlined below.
- With the aim of enhancing efficiency and automating processes, organisations are now looking to advance their operations through digital transformation, which harnesses the power of emerging technologies. This is crucial for firms looking to stay competitive in their respective markets.
- The Covid-19 pandemic has increased the urgency for businesses to complete their digital transformations, leading to rapid development in this area.
- Within a brief timeframe, low-code development has gained reliability and is now being adopted by major corporations.
The report presents its primary findings by analyzing data from 2021 and providing a projection for the years 2022 to 2030.
Also, take a look at: Low-Code Development Environments: The Top 10 for 2022
What types of applications is low-code development commonly used for?
In 2021, the low-code development platform market was largely influenced by mobile app creation, which contributed 34.0% to the total market value. This indicates that mobile application development has become a critical industry sector, commanding a significant market share.
Low-code development for mobile applications typically involves using a mobile client app, a mobile middleware server, and application programming interfaces.
Between 2022 and 2030, the market for web-based applications is expected to grow at a compound annual growth rate (CAGR) of 22.1%. Low-code development platforms, which include advanced integrated development environments (IDEs) and user interfaces, have greatly simplified the process of building web-based business applications. This shift towards greater control over integrations, testing, and deployment can significantly improve the efficiency of software and web development teams.
Which regions are adopting low-code development environments?
As low-code development platforms continue to be integrated into existing cloud infrastructures, organisations have access to an expanded range of options and improved business strategies. Estimates indicate that the cloud deployment market is projected to grow by 24% from 2022 to 2030.
What businesses have adopted low-code development environments, and what benefits can programs built on this platform expect to see?
To optimize the productivity of their software development teams and increase their control over the software development process, large corporations are increasingly adopting low-code platforms. According to market research, the majority of revenue generated by low-code development platforms in 2021 came from large organizations.
Small and medium-sized enterprises (SMEs) are adopting low-code development platforms in increasing numbers because of the speed and efficiency they provide in application creation. As a result, the low-code development platform market is expected to expand by 24.3% between 2022 and 2030, with SMEs accounting for the majority of this growth.
The Banking, Financial Services, and Insurance (BFSI) sector accounts for over 26% of the total revenue generated from applications built using a low-code development platform, making it the industry that benefits the most. The business services sector follows closely behind, with growth also seen in the retail, information technology and telecommunications, automobile and manufacturing, logistics, and education industries.
Which industries are adopting low-code development environments?
North America has the highest rate of low-code platform adoption, with 31% of the regional revenue.
Low-code platform usage is also increasing in Asia and the Pacific, with a projected compound annual growth rate (CAGR) of 26% between 2022 and 2030.
What does the growth of the low-code development platform market mean for programmers?
Is it reasonable to assume that low-code will replace programmers? Absolutely not!
Businesses worldwide are increasingly realizing the potential of low-code solutions for software development, which can enhance the productivity of their existing development teams instead of replacing them. Even with low-code platforms, the expertise of software engineers remains critical for program design and the delineation of development and deployment steps.
Low-code development reduces the amount of necessary code to deliver desired results, ultimately speeding up the time it takes to achieve a successful outcome. This, in turn, enhances the user experience of the software development process, making it more enjoyable.
Summary
As digital transformation speeds up across the global enterprise landscape, the use of low-code development platforms is becoming increasingly popular. This rise in demand for these platforms is creating a greater need for skilled low-code programmers to provide the enhanced capabilities associated with these solutions.
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FAQs
Will low-code development platforms replace programmers?
Despite the widespread misconception, software engineers will not become obsolete due to the rise of low-code development platforms. While low-code platforms offer pre-defined templates that need to be developed and written by programmers, they do not completely eliminate the need for programming expertise. This simplification of the software development process accelerates the delivery of value to customers, making low-code development a compelling option for businesses.What is meant by “low-code development”?
A low-code development platform is a type of software development environment that enables users to build and deploy applications with minimal coding requirements. This platform simplifies the development process by utilizing graphical user interface (GUI) tools and pre-built components to generate code for the application, reducing the need for manual coding. With low-code development platforms, users can rapidly create and deploy applications with little technical expertise, saving them both time and money.
