35 Must-Know Low-Code Statistics And Trends

Gartner reports that by 2023, over 50% of all medium and large-sized organizations will use a low-code development platform as one of their main application platforms. This is due to the need for simpler and faster application development. Low-code empowers pro developers and non-developers to build complex enterprise solutions that are easier to integrate, modify, and upgrade. Organizations can adapt more quickly to changes in the market, customer needs, and even legislation.

With low-code platforms, businesses can fast-track their business transformation efforts through faster application delivery. The platforms help CIOs to steer their organizations through massive business transformation projects. They become digital-ready, agile, and data-driven and improve time-to-market. In a nutshell, low-code development helps businesses transition from being reactive to becoming digitally proactive. 

Low-code is the future and here are 35 interesting low code statistics that will help you gain a deeper insight into industry trends.

The growth of low-code market

Organizations that want to succeed in highly competitive markets must constantly develop apps to improve worker productivity. Banks, e-commerce businesses, and healthcare institutions—almost every single organization—can improve their market value with the help of enterprise applications. The low-code market is expected to grow rapidly during the forecast period (2020-2030). Eventually, low-code won’t just augment tasks but replace tasks currently done by apps like Excel. It will provide a platform for collaborative application development between IT teams and business users.

1. The low-code development market will generate $187 billion by 2030 ^[1]
2. Low-code tools will be responsible for over 65% of application development ^[2] by 2024.
3. By 2023, over 500 million apps ^[3] and services will be developed using cloud-native approaches
   

Why low-code solution is imperative

Low-code also makes it possible to rapidly deploy applications with little or no IT involvement. This makes it an ideal solution for businesses that need to quickly develop and deploy applications with minimal resources. Individual business units now build, modify, and manage apps. Solutions are built by the people facing the problems and offer an efficient way to fast-track digital transformation projects. 

1. No-code and low-code platforms help reduce app development time by 90% ^[4].
2. 70% of new business applications ^[5] will use low-code/no-code technologies by 2025.
3. In 2021, the low-code platform market was valued at $7.61 billion ^[6]. It’s projected to reach $36.43 billion by 2027 ^[7].
4. By 2024, 80% ^[8] of non-IT professionals will develop IT products and services, with over 65% ^[9] using low-code/no-code tools.
5. Compared to conventional app-building platforms, no-code solutions consume 70% fewer ^[10] resources.

Salary ranges of app developers

Pro developers charge a lot of money because they know their expertise is indispensable. There is enormous demand for their skillset and not enough supply. Good developers aren’t easy to find, but companies need them more than ever. Most small businesses don't hire software engineers unless they can generate more revenue than they cost to employ. A low-code approach to developing enterprise apps requires fewer developer resources and is more appealing to small businesses.

1. According to US News ^[11], the average salary for a software developer in the U.S. is $110,140.
2. Low-code allows average companies to avoid hiring two software developers, saving them $4.4 million ^[12]in three years.

Scarcity of IT developers

One of the biggest hurdles to digital transformation is the talent gap. When companies turn business experts into developers, they empower them to create digital solutions for everyday operations. These solutions comply with IT security regulations and address cybersecurity concerns. As software developers become more scarce, organizations will empower non-developers to build business solutions.

1. The demand for business-related apps is 5X higher ^[13] than the available IT capacity.
2. 84% of businesses ^[14] are adopting low-code or no-code tools to fill the technical gap left by the shortage of developers.

Benefits of leveraging low-code solutions

Low-code platforms are more inclusive and offer a more manageable approach to application development. The solution involves web-based reusable application components and drag-and-drop features, that help in removing complexity from application building and speed up the application design process. Organizations can incorporate changes on short notice, be better equipped to adapt, and easily respond to fast-changing business conditions.

The tools support continuous innovation, increase business agility, and provide better customer and employee experiences while decreasing costs and streamlining processes. Based on data collected from customer reviews on low-code platforms, many people use the words “Ease of use” ^[15] to describe their experience.

1. 85% of workers ^[16] say that no-code tools add value to their lives.
2. No-Code Tools are 10X faster ^[17] than traditional app development platforms.
3. Low-code solutions can reduce enterprise application development time by up to 60%^[18]
4. Companies that use low-code platforms to build customer-facing apps increase revenue by 58% ^[19] on average.
5. Organizations build solutions 56% ^[20] faster than companies that use traditional development technologies.
6. 80%^[21] of organizations believe that low-code solutions can free developers’ time to focus on more business-critical projects.
   

How low-code solution empowers citizen developers

According to Gartner, most enterprise tech products and services will be built by non-IT professionals by 2024. The company says that the barrier to building technology solutions has fallen due to low-code and no-code development tools. COVID-19 also reduced entry barriers for non-IT workers, who started building technology solutions to serve pandemic-induced needs. These workers are known as citizen developers.

Citizen developers are subject matter experts who build business applications using low-code and no-code platforms. They improve business processes, freeing up IT to focus on more business-critical activities. As skilled developers become more scarce, citizen developers will take over and build important enterprise-grade apps.

1. By 2024, 80% of technology products ^[22] and services will be built by non-developers.
2. 41% of organizations ^[23] now have active citizen development initiatives. 20% of those that don’t are either assessing or planning to start citizen development programs.
3. Almost 60% of custom enterprise apps ^[24] are built by non-developers. 30% of them are built by employees with limited or no technical development skills.
4. By 2023, citizen developers will outnumber professional developers by 4 to 1.

How low-code solution accelerates digital transformation

A business’s digital transformation success is usually determined by two things: innovation and agility. Implementing digital transformation is a multi-faceted journey that requires new approaches and technologies. Low-code platforms can play a central role in digital transformation by reducing the time and money spent on application development. They empower non-developers to delve into app development regardless of their technical background as they know and understand operational challenges best. The need for organizations to be agile has never been greater, and low-code makes this a reality.

Also, low-code isn't just for simple apps, it's now the go-to technology for building larger enterprise apps and tools for digital transformation. Many organizations are investing in low-code development platforms and building more important applications—enterprise applications, business unit applications, and even applications serving customers and partners.

1. Low Code platforms can reduce app development time by 90% ^[26], enhancing digital transformation
2. Organizations with the best tools are 65% more innovative ^[27]
3. 84% ^[28] of enterprise businesses have adopted low-code solutions to reduce the tension of IT teams as of 2018. They also see low-code as a promising investment to accelerate digital transformation.
4. 66% ^[29] believe the digital transformation to be the main motive behind low-code adoption
5. Low code isn’t just for simple apps—41% of developers ^[30] want more apps built on low-code platforms

Low-code adoption challenges

Low-code platforms undoubtedly add greater value to businesses. However, there are a few challenges that can impede low code adoption. some organizations may have legacy systems in place that are difficult to replace while others may not have the resources or budget to invest in low-code platforms. Many businesses are hesitant to adopt low-code platforms due to a lack of awareness or fear of embracing new technology.

1. 93% ^[31] of IT leaders say they find the process of application modernization challenging and more than 30% of businesses claim that identifying the right tools is an issue.
2. 47% ^[32] of organizations are concerned about the scalability of the apps created.
3. While 4 out of 5 businesses ^[33] in the US currently use low-code while there are still 20% that do not.
4. Only 12% ^[34] of enterprises manage their business processes using low-code tools after buying them

Low-code is the coding tool of the future

The coronavirus pandemic has hastened low-code adoption. Companies that had a low-code platform adapted significantly faster to the new challenges of remote operation than those that didn’t. And according to a KPMG study ^[35], 26% of company executives say low-code and no-code platforms are their most significant automation investment. Many companies are spending big on low-code tools.

These 35 low-code statistics show that low code is the future. In the foreseeable future, low-code development platforms will become highly useful to enterprises that want to build better and more modern business applications. They will also reduce complexities that prevent seamless outcomes.

More resources : 

• Workflow Automation Statistics for 2023
• Business Process Management Statistics 2022