The following is the The global low code development technology market will reach 13.8 billion US dollars in 2021 From Gartner recommended by recordtrend.com. And this article belongs to the classification: Gartner, network service.
According to Gartner’s latest forecast, the global low code development technology market will reach US $13.8 billion in 2021, an increase of 22.6% over 2020. Low code refers to a rapid development technology mainly used in the field of enterprise informatization. With the help of low code, developers can generate common functions of enterprise applications without coding, and a small amount of coding can develop more extended functions.
“While low code application development is not new, the rise of super automation and composable business has led to an influx of tools and increased demand,” said Fabrizio Biscotti, vice president of research at Gartner
As a common social and technological movement, low code is expected to continue to grow significantly. For example, low code application platform (LCAP) is expected to remain the largest component of the low code development technology market by 2022, an increase of nearly 30% over 2020, and reach US $5.8 billion in 2021 (see Table 1).
Digital business accelerates application delivery
Digital business acceleration puts pressure on it leaders to significantly improve application delivery speed and value realization time. The growing demand for customized software solutions to support digital transformation has led to the emergence of amateur developers outside it, which in turn has affected the rise of low code.
On average, 41% of employees outside the IT department customize or build data or technology solutions. By the end of 2025, half of all new low code customers will come from business buyers outside the IT organization.
“The economic consequences of the covid-19 pandemic have confirmed the value proposition of low code,” Biscotti added. The low code function supporting telework will meet the market demand at a more flexible price. “
SaaS and super automation will drive the adoption of low code
At present, all the major software as a service (SaaS) providers provide functions that combine low code development technology. With the popularity of SAAS and these vendor platforms, LCAP and process automation tools in the low code market will grow accordingly.
In addition, business technicians want to create and execute their own ideas to drive more automation in their business applications and workflows. In 2022, the demand for business driven super automation will become one of the three driving factors for the adoption of low code.
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