The Latest Low Code Industry Statistics Explained
As per Forrester Wave, in 2020 the market for low-code development platforms reached $10 billion.
The statistic that as per Forrester Wave in 2020, the market for low-code development platforms reached $10 billion indicates the significant growth and adoption of low-code development tools in the technology industry. Low-code platforms enable organizations to quickly build and deploy applications with minimal manual coding, allowing for faster digital transformation and software development. The $10 billion market size reflects the increasing demand for efficient, agile, and cost-effective software development solutions. This statistic highlights the importance of low-code platforms as a key technology trend driving innovation and accelerating business processes in the evolving digital landscape.
As per Mendix trends, developers using low-code can create applications 65% faster.
The statistic “As per Mendix trends, developers using low-code can create applications 65% faster” suggests that the use of low-code development platforms, such as Mendix, significantly expedites the application development process compared to traditional methods. Specifically, it indicates that developers utilizing low-code tools can create applications with a 65% increase in speed when compared to those who rely on manual coding processes. This statistic underscores the efficiency and effectiveness of low-code technology in streamlining the development cycle, enabling developers to produce applications more rapidly and efficiently.
According to Sysdig, low-code solutions are being implemented in 41% of applications.
The statistic from Sysdig indicates that low-code solutions, which are platforms that allow users to build applications with minimal coding knowledge or experience, are being integrated into 41% of applications. This suggests a growing trend towards utilizing low-code development tools to streamline and accelerate application development processes. The statistic implies that a significant portion of organizations are recognizing the benefits of low-code solutions in terms of efficiency, agility, and cost-effectiveness, leading to their increased adoption across various applications.
As per Carahsoft survey, 76% of IT leaders believe low-code development platforms can help minimise IT backlog.
The statistic stated suggests that according to a survey conducted by Carahsoft, a majority of IT leaders, specifically 76%, feel that low-code development platforms have the potential to reduce IT backlog. This indicates a widespread belief among IT professionals that leveraging low-code tools can be an effective strategy to streamline and accelerate the development process, potentially leading to faster delivery of software solutions and addressing the issue of IT backlog. The findings from this survey imply that there is growing interest and confidence in utilizing low-code platforms as a solution to optimize IT operations and improve overall efficiency within organizations.
Heinz Marketing states that 84% of enterprises consider low-code development crucial for their digital transformation.
The statistic from Heinz Marketing indicates that a significant majority of enterprises, specifically 84%, view low-code development as a crucial component of their digital transformation efforts. Low-code development refers to a software development approach that allows users to create applications with minimal coding skills, utilizing visual interfaces and drag-and-drop functionalities instead. The high percentage of enterprises valuing low-code development suggests a growing recognition of the benefits it can offer in streamlining the development process, accelerating time-to-market for new applications, and empowering non-technical users to participate in the creation of software solutions. This statistic highlights the increasing importance of low-code development in enabling organizations to adapt to the rapidly evolving digital landscape and stay competitive in their respective industries.
Forrester predicts the low-code market will grow to $21.2 billion by 2022.
The statistic “Forrester predicts the low-code market will grow to $21.2 billion by 2022” suggests that the low-code software development market is expected to experience significant growth in terms of revenue over the specified time period. This prediction indicates a strong trend towards the adoption of low-code development platforms by organizations looking to streamline their application development processes and increase efficiency. The projected growth to $21.2 billion by 2022 reflects the increasing demand for low-code solutions and the anticipated market expansion as businesses seek to respond to the challenges of digital transformation and rapid app development needs.
OutSystems survey reports, 80% of businesses using low-code experienced faster app development.
The statistic that “OutSystems survey reports 80% of businesses using low-code experienced faster app development” indicates that a significant majority of businesses who have adopted low-code development tools have observed increased efficiency and speed in developing applications. This suggests that utilizing low-code platforms has enabled these businesses to streamline their development processes, leading to quicker turnaround times and potentially increased productivity. The statistic implies that low-code technologies have the potential to revolutionize the app development landscape by offering solutions that accelerate and simplify the development process, allowing businesses to meet market demands more rapidly.
Forrester study states that 37% of developers globally plan to use low-code products in 2021.
This statistic from the Forrester study indicates that 37% of developers worldwide are intending to utilize low-code products in the year 2021. Low-code development platforms allow developers to create applications with minimal traditional coding, enabling faster development cycles and reduced complexities in the software development process. The growing trend towards low-code tools suggests a shift towards more efficient and scalable development practices within the developer community. This statistic highlights the increasing adoption and recognition of the benefits offered by low-code platforms in streamlining application development and accelerating digital transformation initiatives.
According to a 451 Research survey, 25% of developers are using a low-code product.
The statistic that states “According to a 451 Research survey, 25% of developers are using a low-code product” signifies that one-fourth of developers are utilizing low-code platforms to build applications and software solutions. Low-code tools enable developers to create applications with minimal manual coding, allowing for faster development and deployment cycles. This statistic implies that there is a significant adoption of low-code development practices within the developer community, showcasing a trend towards more efficient and streamlined software development processes. Additionally, it suggests that low-code platforms are gaining traction as a valuable resource for developers looking to enhance their productivity and deliver products more quickly.
OutSystems reports that 70% of IT leaders plan to increase their use of low-code development tools in 2021.
The statistic indicates that according to OutSystems, a significant proportion (70%) of IT leaders are intending to enhance their utilization of low-code development tools in the year 2021. This finding suggests a growing trend among IT decision-makers towards adopting low-code solutions as a means to facilitate and accelerate application development processes. The increased interest in low-code development tools may arise from the potential benefits they offer, such as faster application delivery, improved efficiency, and cost-effectiveness. This trend signifies a shift towards more agile and efficient software development practices within organizations, aiming to meet the demand for digital solutions in a rapidly evolving technological landscape.
McKinsey reports that low-code platforms can reduce app development time by 90%.
The statistic provided by McKinsey suggests that utilizing low-code platforms for application development can potentially lead to a significant reduction in the time required for this process, by as much as 90%. Low-code platforms are software development platforms that allow users to create applications through graphical user interfaces and configuration, rather than traditional hand-coding methods. By enabling developers to build applications more efficiently and rapidly through pre-built components and automation, low-code platforms can drastically streamline the app development process. This statistic indicates that organizations leveraging low-code platforms could experience tremendous time savings, enabling them to bring applications to market faster and more cost-effectively.
According to Sysdig, low code/no code solutions account for 34% of all software applications.
This statistic from Sysdig suggests that low code/no code solutions are becoming increasingly prevalent in the software development industry, with these tools being utilized in approximately 34% of all software applications. Low code/no code platforms allow users to create and deploy applications with minimal or no traditional coding skills required, thereby speeding up the development process and making it more accessible to a wider range of people. This statistic highlights the growing popularity and adoption of low code/no code solutions as a viable and effective option for creating software applications across various industries.
MarketsandMarkets estimates the low code development platform market size will increase from $4.32 billion in 2017 to $27.23 billion by 2022.
The statistic provided indicates that according to MarketsandMarkets, the market size of low code development platforms is projected to experience significant growth over a five-year period. Specifically, the market size is expected to rise from $4.32 billion in 2017 to $27.23 billion by 2022. This substantial increase suggests a growing demand for low code development platforms, which are solutions that enable users to create applications with minimal traditional coding. The statistic underscores the rapid adoption and potential economic impact of low code development platforms in the software industry during the specified timeframe.
According to OutSystems, 63% of organizations have already started using low-code platforms.
The statistic from OutSystems reports that a majority of organizations, specifically 63%, have already initiated the use of low-code platforms within their operations. This suggests that there is a growing trend within the business community towards adopting low-code platforms as a solution for software development. The statistic implies that a significant portion of organizations see the value in low-code platforms in terms of increasing efficiency, reducing development time, and empowering users with limited coding expertise to create applications. This data reflects the current landscape of technology adoption in businesses and highlights the importance of low-code platforms as a tool for digital transformation and innovation.
Forrester reports that 100% of companies who adopted low-code development tools have seen ROI.
The statistic “Forrester reports that 100% of companies who adopted low-code development tools have seen ROI” indicates that every company that has implemented low-code development tools has experienced a return on investment. This statistic suggests a high level of success and positive outcomes associated with the adoption of low-code development tools. It implies that companies are able to efficiently and effectively realize value by leveraging these tools to streamline their development processes, improve productivity, and ultimately achieve a positive financial impact. This statistic underscores the potential benefits and effectiveness of utilizing low-code development tools in businesses, highlighting the overall success rate among companies that have embraced this technology.
Netcall reports that low-code reduces app development time by up to 75%.
The statistic indicates that the use of low-code development platforms can lead to a significant reduction in the time required to develop an application. Specifically, Netcall’s reports suggest that leveraging low-code technology can result in up to a 75% decrease in app development time compared to traditional coding methods. This means that organizations utilizing low-code platforms may be able to deliver applications more quickly and efficiently, potentially resulting in cost savings, faster time-to-market, and increased agility in responding to changing business needs. Overall, the statistic underscores the benefits of adopting low-code development approaches in streamlining the app development process and improving overall productivity.
References
0. – https://www.www.netcall.com
1. – https://www.www.carahsoft.com
2. – https://www.www.heinzmarketing.com
3. – https://www.sysdig.com
4. – https://www.www.mckinsey.com
5. – https://www.www.outsystems.com
6. – https://www.www.forrester.com
7. – https://www.451research.com
8. – https://www.www.mendix.com
9. – https://www.www.marketsandmarkets.com
