Low-code and no-code platforms - statistics & facts

How do low-code and no-code platforms work?

In traditional software development, professionals write lines of code in a given computer language to create a set of instructions that makes the computer perform a certain task. This usually involves both expertise in programming and planning the different stages of the process. Low-code and no-code platforms alleviate the need to be trained in software development by providing the user with a visual software development environment.

In this model, users connect different components to create computerized processes. The components are visually displayed as drag and drop modules that contain actual lines of code. Because users are offered a complete library of easy-to-use pre-built functionality, they can create a variety of applications that feature business logic and processes. These include data modeling and visualization apps as well as productivity apps.

Benefits of low-code and no-code platforms

Organizations already see the benefits of using these platforms, as almost 60 percent of them indicated that using low-code increases revenue and helps replace legacy systems. Other benefits include the monitoring capabilities of these platforms, as well as their cross-platform accessibility and speed compared to traditional development. Given these benefits and the wide variety of use cases for these platforms, low-code development technologies are increasing both in popularity and adoption. This is illustrated by the fact that the global low-code development market is forecast to grow by 23 percent in 2021, and not likely to slow down in the years ahead.