Low Code: A Key Trend for 2021
- 2020 witnessed the entrance of major technology companies in the low-code arena – Google (AppSheet), Amazon (Honeycode), SAP
- Low-code vendors were able to raise at least $500 million in funding
- The total market for low-code development platforms, is expected to hit as high as $45.5 billion by 2025 from $13.2 billion this year
2020 made it clear that at the crux of digital transformation is software and as companies began to embrace the inherent changes in the way their stakeholders interact with software in addition to a sharp increase in demand for these software, the speed at which new software and capabilities were introduced accelerated at an incredible pace.
Why this space is heating up
What is enabling low code or no code platforms? Why is everyone turning to it?
Analysts suggest that it has to do with a concept called ‘abstraction’. Think of abstraction as Lego blocks that are connected to make an object versus fabricating everything from scratch.
Although low code has been around since many years in many forms, the rapid adoption can also be attributed to easy accessibility of the technology that allows non-specialist business folks to implement IoT and Big Data Analytics in their business operations through low code means.
In 2020, Low-code found acceptance in large enterprises and SMEs alike for day-to-day to innovative process automation use-cases:
- Moving a virtual employee development center to the cloud to facilitate remote operations
- Create a custom frontend to give sales team access to update internal CRM field (Pipedrive, Salesforce, and the like)
- Creating custom HR tools for remote employee onboarding, timesheets, task planning
- Moving legacy systems to the cloud quickly and swiftly without extensive coding
- Inspection and Quality Checklist and reporting
- Internal tools for custom business processes and automation
- Channel Partners adopting low code to accelerate client software development
Low code’s unique ability to empower the business users to innovate and validate their ideas by building apps (MVPs) within weeks instead of months, has been a big contributor in the sharply rising adoption rates. Over the year low code vendors have refined their offerings so much that a customer can securely build apps to support critical business functions and deploy across the globe.
Snapshot of Google Alert for Search Term ‘low-code’ over the span of 5 years
Why do organizations need low-code?
What compels any of us to use anything is surely the benefits the thing brings to us. Similarly, businesses need low-code because of the benefits that come using low-code technology.
- Using low-code, business becomes more agile, which results in iterative development, incremental delivery of capabilities and solutions.
- Low code does not require any IT infrastructure to create an app, even a business analyst who understands the requirements can create their solutions.
- Low code development is 10X faster as compared to the traditional approach to build enterprise applications.
- Scalability and flexibility to add more resources when required.
- Low code platform offers the best in class enterprise-grade security to secure enterprise data.
- Many low-code platforms provide ready connectors to integrate database and other third party applications
- Many low-code platforms provide provision to host the app on-premise or on private clouds.
Low-code was able to give organizations a fresh perspective on delivering custom solutions in order to maintain day to day collaboration. The coronavirus pandemic amplified the utilization of low-code solutions, as more companies took to tighten their belts and search for new ways to interact with their customers and teams.
By empowering business users to integrate with their commonly used tools – Salesforce, Oracle, SAP, and the likes, low code is helping customers modernize a lot of manual and administrative tasks that were still dependent on hard to modify legacy systems.
The time it takes to build customized automation tools for business without code made CIOs jobs easier by churning out tools faster and with more precision. Large government bodies, large ITeS firms, restaurantes – Low-code technology successfully enabled customers from various domains to reimagine the way enterprise software is created.
2021 will be the year of low-code
We are at a stage where the growth of an organization can be greatly determined by its ability to exploit technology to its highest potential. With the prevalence of low code tools and a tech-savvy workforce, companies can no longer shy away from citizen development. Low code is set to be a major tech trend in 2021.
Software review website G2 writes, “The convergence of no-code and low-code platforms with BPM software is already apparent—at the time of writing, 5 of the top 10 BPM products on G2 are also categorized as either no-code or low-code development platforms.”
Forrester remarks, “As remote development bleeds into mid-2021 and beyond, expect larger disruptions to the way development teams work, especially as the executive demand for new and modernized apps NOW pushes business and development leaders outside their traditional comfort zones.”
Through 2021, market demand for app development will grow at least five times faster than IT capacity to deliver it. (Gartner)
Microsoft expects 500 million new apps to be built in the next five years, with 450 million of those being built using a low-code tool.
Companies can accelerate the implementation of megatrends of IoT, edge computing, hybrid-cloud and security using low code technology as it offers the right infrastructure and scalability that most companies going digital transformation due to market pressure require. Low code has reached the mainstream milestone and it is about time you get on this wave.
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