<p data-sourcepos="3:1-3:231"><span>For years, businesses have been stuck between two extremes when needing new software: custom development, which can be expensive and time-consuming, or off-the-shelf solutions, which often lack the specific functionality required.</span></p><p data-sourcepos="5:1-5:9"><span>Low-code/no-code (LC/NC) development platforms offer a tempting middle ground. By using drag-and-drop interfaces and pre-built components, these platforms allow businesses to create custom applications without needing a team of professional programmers. But is LC/NC a magic bullet?</span></p><p data-sourcepos="7:1-7:31"><span>Like most things in tech, the answer is "it depends." Here's a breakdown of when LC/NC development shines and when it might be better to consider traditional coding:</span></p><h2><strong>When LC/NC Wins</strong></h2><ul data-sourcepos="11:1-12:100"><li data-sourcepos="11:1-11:177"><strong>Simple workflows and processes:</strong><span> Do you need an app to streamline data entry, customer onboarding, or internal approvals? LC/NC platforms excel at automating these common tasks.</span></li><li data-sourcepos="12:1-12:100"><strong>Fast turnaround times:</strong><span> Got a burning business need that can't wait for months of development? LC/NC lets you build prototypes and deploy solutions quickly.</span></li><li data-sourcepos="13:1-13:194"><strong>Citizen developers:</strong><span> Business users with limited coding experience can leverage LC/NC tools to build solutions that directly address their needs. This frees up IT for more complex projects.</span></li><li data-sourcepos="14:1-15:0"><strong>Cost-effectiveness:</strong><span> LC/NC generally requires fewer resources than traditional development, making it attractive for startups and businesses with limited budgets.</span></li></ul><h2><strong>When to Code It Old-School</strong></h2><ul data-sourcepos="18:1-22:0"><li data-sourcepos="18:1-18:184"><strong>Complex integrations:</strong><span> Does your application need to interact with multiple back-end systems or databases? LC/NC platforms may have limitations in complex integration scenarios.</span></li><li data-sourcepos="19:1-19:157"><strong>Scalability concerns:</strong><span> Do you expect high user volumes or massive data sets? Traditionally coded applications might offer better performance and scalability.</span></li><li data-sourcepos="20:1-20:134"><strong>Security is paramount:</strong><span> Dealing with sensitive data? Custom development allows for more granular control over security measures.</span></li><li data-sourcepos="21:1-22:0"><strong>Unique functionalities:</strong><span> Do you need a unique feature that doesn't exist in any pre-built component? Coding provides the flexibility for such creative solutions.</span></li></ul><h2><strong>Enter Qodly: The Hybrid Advantage</strong></h2><p data-sourcepos="27:1-27:35"><span>Not all LC/NC platforms are created equal. </span><a href="https://qodly.com/"><span>Qodly</span></a><span> stands out as a hybrid low-code solution that seamlessly blends the ease of no-code development with the flexibility of custom coding. Qodly empowers both business users and professional developers to collaborate effectively, creating sophisticated applications that meet diverse business needs. With Qodly, organizations can leverage pre-built components for rapid development while also having the option to write custom code for more complex requirements. This hybrid approach ensures that applications are not only built quickly but also tailored precisely to the business’s unique challenges, making Qodly a versatile and powerful tool in the LC/NC landscape.</span></p>

<p>Choosing the right platform to build your software can be overwhelming. Two popular options are formula-based platforms and development platforms. But what exactly are they, and which one is right for you?&nbsp;</p><p data-sourcepos="5:1-5:127"><span>Let's see which one is your best fit!</span></p><p>&nbsp;</p><h2><strong>Formula-Based Platforms: Building with Elegance (and Efficiency)</strong></h2><p data-sourcepos="7:1-7:179">Imagine creating software with drag-and-drop ease, using pre-built formulas instead of lines of code. That's the magic of formula-based platforms. These platforms are perfect for:</p><ul data-sourcepos="9:1-12:0"><li data-sourcepos="9:1-9:143"><strong>Citizen Developers:</strong> Business users with limited coding experience can build basic applications to automate tasks or streamline workflows.</li><li data-sourcepos="10:1-10:135"><strong>Rapid Prototyping:</strong> Quickly test your software concept and get valuable user feedback before diving into full-fledged development.</li><li data-sourcepos="11:1-12:0"><strong>Simple Applications:</strong> Build internal tools, data dashboards, or primary customer portals without the complexity of traditional coding.</li></ul><p data-sourcepos="13:1-13:9"><strong>Pros:</strong></p><ul data-sourcepos="15:1-18:0"><li data-sourcepos="15:1-15:124"><strong>Easy to Use:</strong> Intuitive interfaces with drag-and-drop functionality and pre-built components make development a breeze.</li><li data-sourcepos="16:1-16:98"><strong>Faster Time to Market:</strong> Get your application up and running quickly without extensive coding.</li><li data-sourcepos="17:1-18:0"><strong>Reduced Costs:</strong> Citizen developers can build basic applications, potentially reducing reliance on professional developers.</li></ul><p data-sourcepos="19:1-19:9"><strong>Cons:</strong></p><ul data-sourcepos="21:1-24:0"><li data-sourcepos="21:1-21:106"><strong>Limited Functionality:</strong> Customization options might be restricted compared to development platforms.</li><li data-sourcepos="22:1-22:107"><strong>Scalability Concerns:</strong> Formula-based platforms may struggle with complex or large-scale applications.</li><li data-sourcepos="23:1-24:0"><strong>Vendor Lock-In:</strong> You might be limited to functionalities offered by the specific platform.</li></ul><p>&nbsp;</p><h2>Development Platforms: Building Without Limits</h2><p data-sourcepos="27:1-27:172">Development platforms offer a more traditional approach, empowering developers with robust tools to build anything they can imagine. These platforms are ideal for:</p><ul data-sourcepos="29:1-32:0"><li data-sourcepos="29:1-29:108"><strong>Complex Applications:</strong> Build feature-rich applications with complex functionalities and integrations.</li><li data-sourcepos="30:1-30:119"><strong>Custom Solutions:</strong> Tailor applications to your specific needs and integrate them with existing systems.</li><li data-sourcepos="31:1-32:0"><strong>Scalability:</strong> Development platforms can handle large amounts of data and users without breaking a sweat.</li></ul><p data-sourcepos="33:1-33:9"><strong>Pros:</strong></p><ul data-sourcepos="35:1-38:0"><li data-sourcepos="35:1-35:108"><strong>Complete Control:</strong> Developers fully control the code, allowing maximum customization.</li><li data-sourcepos="36:1-36:86"><strong>Scalability:</strong> Build applications that can grow and adapt to your evolving needs.</li><li data-sourcepos="37:1-38:0"><strong>Flexibility:</strong> Integrate with various tools and libraries to create truly unique solutions.</li></ul><p data-sourcepos="39:1-39:9"><strong>Cons:</strong></p><ul data-sourcepos="41:1-44:0"><li data-sourcepos="41:1-41:105"><strong>Steeper Learning Curve:</strong> Requires coding expertise, which can be a barrier for non-technical users.</li><li data-sourcepos="42:1-42:100"><strong>Slower Development Time:</strong> Building complex applications from scratch takes time and resources.</li><li data-sourcepos="43:1-44:0"><strong>Higher Costs:</strong> This may require hiring professional developers, which can be expensive.</li></ul><p>&nbsp;</p><h2><strong>So, Which Platform is Your Perfect Match?</strong></h2><p data-sourcepos="47:1-47:94">The answer depends on your project requirements and technical expertise. Here's a quick guide:</p><ul data-sourcepos="49:1-51:0"><li data-sourcepos="49:1-49:132"><strong>Choose a Formula-Based Platform if</strong> you need a simple application, have limited coding experience, or value rapid development.</li><li data-sourcepos="50:1-51:0"><strong>Choose a Development Platform if</strong> you need a complex application, require complete customization, or have the resources for professional development.</li></ul><p>&nbsp;</p><h2>Enter Qodly: The Best of Both Worlds!</h2><p data-sourcepos="56:1-56:243"><span>But what if there was a sweet spot in the middle?&nbsp;</span></p><p data-sourcepos="56:1-56:243"><span>Introducing </span><a href="https://qodly.com/"><span>Qodly</span></a><span>, a hybrid low-code platform that combines the ease of use of a simple builder with the flexibility of a developer playground.&nbsp;</span></p><p data-sourcepos="56:1-56:243"><span>With Qodly, you can leverage pre-built components and a visual drag-and-drop interface to get started quickly while still being free to customize your app with code if needed. This makes Qodly the perfect solution for many projects, from basic workflows to complex business applications.</span></p>

<p>Businesses often use custom apps specifically designed to automate workflows or enhance customer experience. In the past, app development was a long, technical, and expensive process that only larger businesses could benefit from.&nbsp;</p><p>However, with the introduction of low-code platforms, citizen developers with little technical experience could develop their own apps quickly and affordably. Now, even emerging businesses can benefit from automating their systems with their own custom-built apps.&nbsp;</p><p>That being said, if you want to build your own app, you'll need to follow eight critical steps in the app development you'll that you'll need to follow.</p><img src="/sites/default/files/howtobuildacustomapp.png" data-entity-uuid="b046322d-45e7-40d5-b843-ddd8ed7829d0" data-entity-type="file" alt="" width="1236" height="828"><p>&nbsp;</p><h2>8 Steps to Make a Custom Application&nbsp;</h2><h3>Step 1—Ideation</h3><p>The first step is clearly defining your objectives and requirements for the app clearly. To do this, it is best to first start with the pain points you want to address first. For example, if you're going to develop an app to automate a filling system, first:&nbsp;</p><ul><li>List the problems with the current ways your filing system works.&nbsp;</li><li>Work out how the app can solve each one of these problems.&nbsp;</li><li>Then, lay out your objectives and requirements for the app.&nbsp;</li></ul><p>Once you have a clear understanding of the app's intended problems and what it needs to be capable of solving them, it is time to conduct some market research.</p><p>&nbsp;</p><h3>Step 2—Conduct Market Research</h3><img src="/sites/default/files/conductmarketresearch.png" data-entity-uuid="86ad1982-b751-4b53-8572-d8b845866778" data-entity-type="file" alt="" width="1234" height="822"><p>Whether you are building an app that will compete with other apps in the market or simply one to be used in-house for behind-the-scenes work, you'll want to conduct thorough market research.</p><p>No matter how unique your idea is for a custom app is, there is likely something similar out there. So, it is essential to research and learn from all similar apps. Ask yourself:</p><ul><li>What does their app have that mine doesn't?</li><li>How is their app performing?&nbsp;</li><li>Are there any pain points that my app should solve that theirs doesn't?</li></ul><p>Ultimately, the purpose of this market research is to inform you about how you go about developing your own app.</p><p>&nbsp;</p><h3>Step 3—Choose a Low-Code Development Platform</h3><p>Low-code platforms allow companies and citizen developers to create apps as quickly and efficiently as possible. They provide the tools needed to create an app. Depending on which platform you choose, how you design and create your app will vary depending on which platform you choose.&nbsp;</p><p>As such, it is essential to find one that works for your needs before deciding on your app's design and development process for your app.&nbsp;</p><p>Some popular platforms out there to choose from include Salesforce, Microsoft Power Platform, and UiPath. These platforms offer features such as drag-and-drop functions, AI integrations, and team management tools.&nbsp;</p><p>For those wanting a simple all-in-one solution. Qodly combines low-code and hybrid options to allow more flexibility in the app development process. It is also made for those who want to develop, deploy, and run their apps all on one platform.</p><p>&nbsp;</p><h3>Step 4—Build an MVP&nbsp;</h3><p>Once you are ready to start the app development process, start by prototyping and testing the features you want. Once you are satisfied with your desired features, it is time to build an MVP or Minimum Viable Product. An MVP is the skeleton of the final product.&nbsp;</p><p>Start by designing the layout of your app and adding basic functionality to it along with the core features.</p><p>&nbsp;</p><h3>Step 5—Test It!</h3><img src="/sites/default/files/testtheapp.png" data-entity-uuid="5a975505-406d-41f3-9e8e-e86849535704" data-entity-type="file" alt="" width="1236" height="826"><p>Once you have your MVP, test it. Get feedback on the user experience and find all the shortfalls. Ensure all the core features function as expected, and list all the improvements and additions that the final product should have.&nbsp;</p><p>&nbsp;</p><h3>Step 6—Build the App&nbsp;</h3><p>Next, it's time to build the app. During this process, it is important to conduct regular code reviews and testing to ensure the app development process is heading in the right direction and to catch any bugs early on in the process.&nbsp;</p><p>&nbsp;</p><h3>Step 7—Quality Assurance&nbsp;</h3><p>Once your app is built, the next step is to develop a testing strategy for testing different app features to ensure that they meet predefined standards and objectives.</p><p>Performing functional and non-functional testing is also helpful. Functional testing ensures that everything is working correctly, and non-functional testing checks the app's overall performance, security, and UI of the app.&nbsp;</p><p>&nbsp;</p><h3>Step 8—Launch It and Collect User Feedback&nbsp;</h3><p>Lastly, it is time to launch your app and collect user feedback to improve its performance. Some of the best ways to collect user feedback are through interviews and surveys.</p><p>&nbsp;</p><h3>Summary&nbsp;</h3><p>All in all, custom applications can significantly automate your business process or improve customer satisfaction. With low-code solutions, citizen developers and those with low technical expertise can develop custom apps quickly and affordably—allowing even small companies to take advantage of the benefits that custom business applications can bring.</p><p>&nbsp;</p><hr><p>Tired of the complexities of traditional web development? <a href="https://qodly.com/" target="_blank">Qodly</a> offers a streamlined approach that empowers citizen developers, freelancers, and small businesses to create powerful web applications with ease. Backed by 4D's decades of experience in cross-platform app development, Qodly provides a hybrid low-code platform that combines the efficiency of drag-and-drop tools with the flexibility of custom coding.</p>

<p>In software development's changing landscape, two words have become increasingly important in recent times: Low-Code and No-Code. These approaches for developing applications promise shorter delivery times, lower costs, and increased flexibility. However, it's essential for businesses and developers looking to exploit their potential effectively to understand the distinctions between these two approaches. In this blog post, we'll look at the differences between Low-code and No-code, exploring their differences and highlighting their unique benefits.</p><h2>Understanding low-code</h2><p>Low-code platforms allow developers to create applications with minimal manual coding and focus on visual development. These platforms typically offer pre-built components, drag-and-drop interfaces, and configurable logic to streamline the development process. While coding skills are helpful, they are not always essential for creating applications on low-code platforms.</p><h2>What about no-code?</h2><p>No-code platforms go a step further in simplifying application development by allowing users to create functional applications without writing a single line of code. These platforms offer intuitive interfaces, templates, and predefined logic, enabling users from all backgrounds, including business analysts and citizen developers, to create applications independently.</p><h2>Key differences&nbsp;</h2><p>Now that we've established the basic definitions, let's look at the main distinctions between Low-code and No-code development:</p><p>&nbsp;</p><h3>1- Coding skill level:</h3><p><strong>Low-code: </strong>Although low-code platforms reduce the amount of manual coding required, developers still need a certain level of coding skill to customize and extend applications effectively.&nbsp;</p><p><strong>No-code:</strong> No-code platforms completely eliminate the need for coding skills, allowing users with limited technical expertise to create functional applications using intuitive interfaces and predefined components.</p><p>&nbsp;</p><h3>2- Flexibility and customization:&nbsp;</h3><p><strong>Low-code:</strong> Low-code platforms offer more flexibility and customization options than No-code platforms. Developers can integrate custom code, leverage APIs, and fine-tune application logic to meet specific business requirements.</p><p><strong>No-code:</strong> While no-code platforms excel at rapid application development, they can have limitations in terms of customization and extensibility. Users are often limited by the features and functionality provided by the platform.</p><p>&nbsp;</p><h3>3- Target audience:&nbsp;</h3><p><strong>Low-code:</strong> Low-code platforms are aimed primarily at professional developers and IT teams looking to speed up the development process and streamline workflows without sacrificing flexibility.&nbsp;</p><p><strong>No-code:</strong> No-code platforms are aimed at a wider audience, including business users, entrepreneurs, and citizen developers who want to create applications independently without relying on technical resources.</p><p>&nbsp;</p><h3>4- Application complexity:&nbsp;</h3><p><strong>Low-code:</strong> Low-code platforms are well suited to creating complex, enterprise-level applications that require integration with existing systems, advanced logic, and scalability.&nbsp;</p><p><strong>No-code:</strong> No-code platforms are ideal for creating simple to moderately complex applications such as workflow automation tools, basic productivity applications, and simple data management systems.</p><p>&nbsp;</p><h2>Qodly's position&nbsp;</h2><p><a href="https://qodly.com/blog/introduction-qodly">Qodly</a> is a hybrid low-code platform for web applications. This approach combines the speed and efficiency of low-code development with the advanced capabilities and freedom of customization of traditional development. While Qodly facilitates the rapid development of applications with the visual interfaces and streamlined processes characteristic of low-code platforms, it also allows for greater customization and flexibility, which aligns more closely with the low-code approach.</p><p>&nbsp;</p><h2>Conclusion&nbsp;</h2><p>Choosing between the "Low-code" and "No-code" methods is essential for creating software quickly and correctly. The Low-code method is suitable for professional developers looking for speed and control. In contrast, the No-code method is ideal for people who are not coders but still want to create applications quickly.&nbsp;</p><p>Qodly is a hybrid solution that combines the best elements of the low-code and no-code paradigms. With its hybrid low-code approach, Qodly offers the efficiency of visual development and streamlined processes, coupled with the flexibility of traditional development practices.&nbsp;</p><p>Remember, choosing the correct method depends on the complexity of your project and the people working on it. Understanding these methods will help you create better software faster!</p>

<p>Apps have become the “efficiency interfaces” of the business world. Instead of keeping track of important information or developing new processes in an excel sheet, custom apps have become the go-to solution to automate what was once done by hand.&nbsp;</p><p>However, businesses ran into a problem: apps just take too long to create from the ground up. The solution? Low-code. Low-code platforms became an easy and fast way to build apps without having to manually write all the code behind the platform.&nbsp;</p><p>Instead, low-code platforms implement a slew of pre-programmed “building blocks” that developers can simply drag and drop into place. This results in a lower amount of manually written code, hence: “low-code.”&nbsp;</p><p>Unfortunately, low-code solutions have their own set of problems as well, which is why a new form of rapid application development (RAD) was created - hybrid low-code. To understand hybrid low-code and the nuances of low-code vs hybrid low-code, it is important to first gain a better understanding of low-code platforms.</p><p>&nbsp;</p><h2>What Is Low-Code?</h2><p title="low code and hybrid development">Before diving too deep into what low code and hybrid development are, it will be helpful to know what the “competitors” are. What are the cons of Low Code?&nbsp;</p><p title="low code and hybrid development">There are three main types of platforms in app development:</p><ul><li title="Full code platforms"><strong>Full-Code Platforms</strong>: Full-code platforms lack pre-programmed building blocks. Instead, apps are built entirely by manually written code. While this type of platform allows for the creation of more complex and customizable apps, it is very time-consuming and requires expert developers. &nbsp;&nbsp;<br>&nbsp;</li><li title="No code platforms"><strong>No-Code Platforms</strong>: No-code platforms are the opposite of full-code platforms. Instead of having to manually write the code, these platforms rely solely on pre-programmed building blocks for app development. As a result, “citizen developers” or those with no prior coding experience, are able to build apps.&nbsp;<br>&nbsp;</li><li title="Low-Code platforms"><strong>Low-Code Platforms</strong>: Low-code platforms are somewhat in the middle between full-code and no-code platforms. They do have a set of pre-programmed building blocks but they also allow for some manually written code.</li></ul><p><img src="/sites/default/files/blog%20images/Qodly%20Low-code%20platform.%20No-code%20platform%2C%20Drag%26Drop.png" alt="Qodly: Low-Code platform, Drag&amp;Drop, No Code" width="1300" height="485">&nbsp;</p><p>While low-code may seem like the perfect balance between no-code and full-code, there is one large problem that impedes the development of cohesive business applications.&nbsp;</p><p>Low-code platforms often operate within their own integrated development environment (IDE). In other words, low-code platforms lack a “bridge” between other platforms. As a result, developers are forced to jump from one platform to the other.&nbsp;</p><p>This has created a segmented development process and ends up creating multiple independent development silos. Because of that, developers are forced to work within the confines of each IDE.&nbsp;</p><p title="hybrid development and hybrid low-code">To solve this problem, hybrid development and hybrid low-code platforms were created.</p><p>&nbsp;</p><h2>What is Hybrid Low-Code?</h2><p>A hybrid low-code platform allows developers to build apps without the confines of a low-code platform. To better understand this, imagine a development environment with a toolbar. The toolbar consists of three main tools: full-code, no-code, and low-code.&nbsp;</p><p>In this environment, a developer can easily switch between the best of all three platforms. The developer is able to build an app from pre-programmed building blocks, from manually writing the code, or from a little of both.&nbsp;</p><p>In other words, developers are not confined to a single platform but instead are able to build an app in an open environment between platforms.&nbsp;</p><p>As a result, with a hybrid low-code platform, the problem of jumping from IDE to IDE no longer exists. Instead, a seamless, efficient, and comprehensive app-building experience is created.</p><p>&nbsp;</p><h2>Is Hybrid Low-Code the Next Step in App Development?</h2><p>&nbsp;</p><img src="/sites/default/files/blog%20images/Qodly%20blog-Hybrid-lode%20vs%20Full-code%2C%20No-code%20vs%20Low-Code.png" data-entity-uuid="240a7116-1712-46a1-adca-5c06f1a309b2" data-entity-type="file" alt="" width="1300" height="485"><p>&nbsp;</p><p title="Hybrid low-code approach">Hybrid low-code approach allows for more flexibility in the app development process. Novice and citizen developers are able to operate in a hybrid low-code platform using pre-programmed building blocks. At the same time, expert developers can be called in to write more complex code.&nbsp;</p><p>This allows businesses to make use of both full-code and low to no-code options all within one platform which avoids the problem of creating independent IDEs or silos while maintaining the benefits of RAD.&nbsp;</p><p>As a result, a more cohesive and efficient way of building apps is made. So, it is safe to say that hybrid low-code is the next step in app development. &nbsp;</p><p>&nbsp;</p><h2>Summary</h2><p>All in all, apps are a great way to automate business processes. But when it comes to automating the app-development process, full-code platforms are just too slow and cumbersome.&nbsp;</p><p>So, eventually, low-code platforms became the answer by relying on pre-programmed building blocks and a small amount of manual coding.&nbsp;</p><p>Unfortunately, low-code platforms lack the comprehensiveness of full-code platforms and are limited to their own IDE which results in development silos. That is why hybrid low-code platforms were created - to bridge the gap between low-code and full code and to allow for an open and cohesive development process. As a result, developers can now enjoy the benefits of both full-code and low-code in one platform.&nbsp;<br>&nbsp;</p><hr><p><br>With the introduction of hybrid low-code platforms like Qodly, developers can now seamlessly integrate high code vs low code approaches, ensuring a comprehensive and efficient app-building experience. With <a href="https://qodly.com" target="_blank">Qodly,</a> a new hybrid Low-Code Platform, you can create business apps tailored to your needs without the hassle of extensive coding. Plus, if you wish to customize further, you have the freedom to add your code, ensuring you're never limited or stuck.&nbsp;</p><p>Experience high-performance applications, thanks to the seamless integration of 4D technology with open-source web frameworks. <a href="https://qodly.com/platform?" target="_blank">Learn more about this powerful platform</a> and start building your web apps for your business today.</p>

<h2>How Big is the Low-code Market?</h2><p>Low-code development platforms are rapidly gaining market attraction with its market value being estimated at <a href="https://www.statista.com/statistics/1226179/low-code-development-platform-market-revenue-global/">32 billion in 2024</a>, an almost 10 billion dollar increase from just two years prior.&nbsp;</p><p>This growing adoption of low-code platforms is primarily due to the demand for hyper-automation — the process of automating business systems and IT processes. With low-code platforms, businesses can quickly develop and automate their systems using citizen developers instead of individuals with high technical expertise.&nbsp;</p><p>Before jumping too far ahead, let’s first get a better understanding of what low-code platforms are.</p><p>&nbsp;</p><h2>What Are Low-Code Development Platforms?&nbsp;</h2><img src="/sites/default/files/slide-1-min.png" data-entity-uuid="049752a5-0172-40f2-922b-a06389f9c314" data-entity-type="file" alt="" width="1020" height="415"><p>&nbsp;</p><p>As the name suggests, low-code development platforms require little to no code to operate. Instead of having to manually write each line of code, these platforms often use a drag-and-drop approach. In other words, low-code platforms utilize a set of building blocks that individuals with little to no coding experience can use to create, for example, their own custom apps.&nbsp;</p><p>While in the past, the development process was long and could only be done by those with high technical expertise, with low-code solutions, the development time and costs associated with employing highly skilled individuals have been cut down dramatically.&nbsp;</p><p>As a result, the low-code market has exploded. With that being said, here are some key insights into the ever-evolving low-code market.</p><p>&nbsp;</p><h2>5 Key Insights on the Low-Code Platform Market</h2><img src="/sites/default/files/slide-2-min.png" data-entity-uuid="720ed8a3-6bd1-459d-93e8-60f6d926491a" data-entity-type="file" alt="" width="1020" height="415"><p>&nbsp;</p><h3>1 - Evolution of the Low-Code Development Market (2020 to 2029)&nbsp;</h3><p>In 2020, the low-code development platform market revenue stood at 12.85 billion dollars. By 2023, it was predicted that this number would more than double, reaching 26.9 billion. It is estimated that it will continue to grow with a CAGR (Compound Annual Growth Rate) of 26.1 percent.&nbsp;</p><p>According to Mordor Intelligence, this percentage may rise to 30.9 percent throughout the 2024 to 2029 period.&nbsp;</p><h3>2 - Key Adopters by Market Share&nbsp;</h3><p>In the past, the IT and telecommunication industries held the largest market share according to <a href="https://www.fortunebusinessinsights.com/low-code-development-platform-market-102972">Fortune Business Insights</a> at 24.2 percent. The BFSI and healthcare industries also held a large share with the retail, education, and entertainment industries just starting to adopt low-code solutions in 2020.&nbsp;</p><h3>3 - Regions with Significant Market&nbsp;</h3><p>Growth North America is currently the largest market for low-code platforms; however, Asia Pacific is expected to hold the largest market share in the near future due to friendly government policies as well as large corporations, such as Huawei, adopting low-code solutions.&nbsp;</p><p>Furthermore, in 2020 alone, <a href="https://www.fortunebusinessinsights.com/low-code-development-platform-market-102972">50 percent</a> of top executives across the Asia Pacific region planned to implement low-code solutions in their organizations.&nbsp;</p><h3>4 - Top Industry Players</h3><p>Salesforce, Microsoft, Oracle, Appian, and Mendix are some of the top industry players offering low-code solutions. With AI becoming more popular, Salesforce, Microsoft, Mendix, and others such as OutSystems and UiPath are introducing AI into their platforms allowing developers to “farm” out tasks to their virtual AI assistants.&nbsp;</p><h3>5 - Low-Code Industry Segmentation&nbsp;</h3><p>The low-code development platform industry is segmented into five parts with each platform varying depending on the application type, organization size, development type, industry use, and geographical location.&nbsp;</p><ul><li><strong>Application Type</strong>—Mobile, web, or server-based.&nbsp;</li><li><strong>Organization Size</strong>—Small and emerging companies to large corporations.&nbsp;</li><li><strong>Development Type</strong>—Local use or cloud-based use.&nbsp;</li><li><strong>Industry Use</strong>—Healthcare, IT, BFSI, Retail, etc.&nbsp;</li><li><p><strong>Geographical Location</strong>—North America, Asia Pacific, Europe, etc.&nbsp;</p><p>&nbsp;</p></li></ul><h2>Why Is the Low-Code Development Market Seeing Significant Growth?</h2><img src="/sites/default/files/slide-3-min.png" data-entity-uuid="85da753c-d9cc-4adb-bc3e-9ad7d2f95ac4" data-entity-type="file" alt="" width="1020" height="415"><p>The low-code development market is seeing significant growth primarily due to the ease of use and quick development process. Instead of having to build, for example, an app from scratch, an individual with little to no coding experience can build the app using a set of pre-programmed building blocks.&nbsp;</p><p>This not only saves time during the development process but also significantly reduces the costs associated with app development. As a result, low-code solutions have become an effective tool in the hyper-automation process.</p><p>Furthermore, many companies are adopting a composable mindset. This mindset revolves around the idea of developing a component-based architecture that allows for combining, reusing, and reorienting components of apps to allow for greater efficiency and flexibility when creating new apps.&nbsp;</p><p>Low-code solutions allow for the component-based model to thrive because of its modular building block interface.</p><p>Lastly, highly skilled individuals with the necessary expertise to build custom applications from scratch are hard and expensive to come by. Because of low-code platforms, companies can opt to use citizen developers instead, reducing expenses and allowing for quicker development times.</p><p>&nbsp;</p><h2>Summary&nbsp;</h2><p>All in all, the low-code development market is sure to grow in the coming years, with some estimates suggesting a CAGR of 30.9 percent. Low-code solutions are quickly replacing traditional full-code solutions. This is in large part due to the ease of use of low-code platforms along with the ability to develop custom applications in significantly less time by utilizing pre-programmed building blocks.</p><p>&nbsp;</p><hr><p>&nbsp;</p><p>Looking for a low-code platform that doesn't compromise on customization? <a href="https://qodly.com/" target="_blank">Qodly</a> offers the best of both worlds, allowing you to build web apps quickly and efficiently while still having the flexibility to add your own code.</p>