25 Unmissable Low-Code No-Code Statistics
The digital channels you operate with and define which customers you lose or win. As most organizations overhaul their business to a digital business, delivering solutions with a competitive speed-to-market is of utmost importance.
To find efficiencies in process, technology, and capacity to meet digital transformation goals without cutting into the bottom line, traditional means of development are being replaced with newer and quicker alternatives – low-code app development platforms.
Low-code no-code tools have been enabling teams to build business applications, internal tools, process automation workflows, field forms. For instance, sales professionals are using low-code/no-code platforms to automatically pass qualified leads to CRM and trigger a series of targeted emails. Developers are using these platforms to fastrack application development for the technology’s ability to quickly meet customization, integration, and automation needs.
Global Low-code/No-code Market: Low-code tech a $13.8 billion market in 2021
- The low-code market is set to reach a staggering $13.8 billion by the end of 2021, up by more than 20 per cent in 2020 (Gartner)
- Another report by Research and Markets suggests The global low-code development platform market is predicted to generate a revenue of $187.0 billion by 2030, rising from $10.3 billion in 2019, and is expected to advance at a fast pace, 31.1% CAGR, during the forecast period (2020-2030).
- Statista forecasts the global low-code platform market to amount to approximately 65 billion U.S. dollars by 2027
- According to Gartner, low-code/no-code solutions will make up 65 percent of application development by 2024 because the technology helps address productivity issues, skill shortage and business project backlogs.
Low-code technology adoption: Enterprise Adopt low-code to empower citizen development
Low-code platforms are naturally designed for business users. The platforms utilize visual interfaces through flexible drag and drop features, making them user-friendly and accessible to professionals from varying proficiency levels. It also offers a cost-efficient way to empower a line of citizen developers than it is to expand IT departments and resources.
- 80% of organizations state that citizen developers have given IT departments more breathing room. (AppSheet)
- Prudent enterprises are more likely to adopt and value low-code for its flexibility (83%), speed (63%), and process automation (67%) (Forrester)
- 70% of enterprises plan to have policies in place for citizen developers (Gartner)
- About 79% of businesses build a web application with citizen development within a year. (Gartner*)
- By 2023, over 500 million digital apps and services will be developed and deployed using cloud-native approaches – the same number of apps developed in the last 40 years, reports IDC.
- Nearly 60% of all custom apps are now built outside the IT department. Of those, 30% are built by employees with either limited or no technical development skills. (451 Research)
Low-code development benefits: 72% of users are developing apps with low-code in 3 months or less
Low-code offers scalability, enabling businesses to adjust their processes, add new functionality, and remove existing ones as they grow and become more complex, all without having to migrate from one solution to another. Companies can leverage low-code platforms to build applications that cover a range of uses.
- Low-code and no-code solutions give teams the potential to reduce application development time by 90%. (Redhat)
- According to AIMultiple Low Code vendors list, “ease of use” is the most used (20%) positive word describing low code platforms.
- 70% of low code users who had no experience at all before using low code platforms learned low code in 1 month or less.
- 69% of professional IT developers are preferring a low-code development platform to work with.
- The average company avoided hiring two IT developers using low code tools. This reaped about $4.4 million in increased business value over three years from the applications designed. (Forrester)
- Among IT teams that used low-code solutions, business units were 21% happier with lead times than among those without low-code.
Low-code tools and professional developers: 79% of IT Developers Say Low-code Can Improve Key Aspects of Job Satisfaction
Increasing demands and rapidly emerging new technologies, both impact the pressure on IT. Felt most by the developers, the pressure is often in the form of new emerging technology applications, and requests to integrate emerging technology with legacy systems and data. However, data now shows that IT developers believe low-code technologies can help improve the worst aspects of their jobs and support IT business goals for the coming year.
- 80% agree that low-code is useful for automation of repetitive development tasks, such as coding forms and business rules (global news wire/Appian)
- 69% of professional IT developers are preferring a low-code development platform to work with. (Mendix)
- 80% of organizations state that citizen developers have given IT departments more breathing room. Mendix
- 71% of organizations that leverage citizen development has sped up application development by at least 50% and 29% of companies have seen a 2X or more jump in delivery time. 90% of developers who use a low-code platform have less than five app requests per month in the backlog.
Low-code development use cases
Low-code technology is suitable equally for both customer-facing processes and middle & back-office processes. These stats show how low-code is applied in most organizations.
- A Gartner survey collates that forms or data-collection apps (58%), apps that orchestrate business processes and workflows within apps (49%) and apps that replace paper, email, or spreadsheets (42%) are the top most use cases of low-code app development.
- Customizing new app UI for current on-premise applications is also a highly popular low-code use case (22%) Gartner. Web apps are the most common apps being created with low-code no-code tools
- 63% of apps made on low-code apps are classified as for maintenance
- 40% said that less than a quarter of the apps they make in the year would be related to innovation
- Utilization, energy, and extraction sectors are having the highest market adoption rate of low-code platforms (17%).
Can low-code platforms help deliver critical business projects to accelerate digital transformation? The evidence says yes.
Findings suggest that even the firms with the lowest tolerance for downtime and data loss, as well as the strongest requirements for continuous auditing and independent security certification, are the most likely to use low-code to run top applications.
Their endorsement is proof that cutting edge enterprise-ready low-code solutions are already present in the market and that is compelling.
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