![]() ![]() John Bratincevic, a senior analyst with Forrester Research, said while low-code is often associated with "citizen developers," about one-third of professional developers also use it to simplify development and speed build times. Gartner predicts that by 2025, 70% of new applications developed by enterprises will use low-code or no-code technologies - up from less than 25% in 2020. Low-code technology is designed to fill that gap because it allows virtually anyone to be a developer. There are now 26 million developers in the world, with an expected need for 38 million developers by 2024. “Low-code capabilities that support remote-work function, such as digital forms and workflow automation, will be offered with more elastic pricing since they will be required to keep the lights running.”Īccording to Morgan Stanley, there is a worldwide shortage of software engineers. ![]() “The economic consequences of the COVID-19 pandemic have validated the low-code value proposition,” Fabrizio Biscotti, research vice president at Gartner, said in a report. And by 2023, low-code development is expected to be adopted by more than 50% of medium to large companies. ![]() In 2021, the global market for low-code development technology reached $13.8 billion in revenue. The adoption of low-code software development platforms is growing at more than 20% per year, according to research firm Gartner. “Organizations saw value in low- and no-code platforms to help move fast to meet needs brought on by the pandemic,” IDC said in its report. ![]()
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