GITNUX MARKETDATA REPORT 2024

Low Code Industry Statistics

The Low Code industry is expected to see significant growth, with the market projected to reach a value of $27.23 billion by 2027.

Statistic 1

"As per Forrester Wave, in 2020 the market for low-code development platforms reached $10 billion."

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Statistic 2

"As per Mendix trends, developers using low-code can create applications 65% faster."

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Statistic 3

"According to Sysdig, low-code solutions are being implemented in 41% of applications."

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Statistic 4

"As per Carahsoft survey, 76% of IT leaders believe low-code development platforms can help minimise IT backlog."

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Statistic 5

"Heinz Marketing states that 84% of enterprises consider low-code development crucial for their digital transformation."

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Statistic 6

"Forrester predicts the low-code market will grow to $21.2 billion by 2022."

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Statistic 7

"OutSystems survey reports, 80% of businesses using low-code experienced faster app development."

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Statistic 8

"Forrester study states that 37% of developers globally plan to use low-code products in 2021."

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Statistic 9

"According to a 451 Research survey, 25% of developers are using a low-code product."

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Statistic 10

"OutSystems reports that 70% of IT leaders plan to increase their use of low-code development tools in 2021."

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Statistic 11

"McKinsey reports that low-code platforms can reduce app development time by 90%."

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Statistic 12

"According to Sysdig, low code/no code solutions account for 34% of all software applications."

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Statistic 13

"MarketsandMarkets estimates the low code development platform market size will increase from $4.32 billion in 2017 to $27.23 billion by 2022."

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Statistic 14

"According to OutSystems, 63% of organizations have already started using low-code platforms."

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Statistic 15

"Forrester reports that 100% of companies who adopted low-code development tools have seen ROI."

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Statistic 16

"Netcall reports that low-code reduces app development time by up to 75%."

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