<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>

<p>Nowadays, businesses of all sizes rely heavily on mobile apps to facilitate client communication, optimize internal processes, and increase revenue. However, designing an app from scratch can take time and effort, especially for small and medium-sized businesses (SMBs) with limited resources. Here's where low-code platforms come into play, providing a more time- and labor-efficient app development and deployment method that doesn't necessitate a deep familiarity with computer programming.&nbsp;</p><p>Users of low-code development platforms can build sophisticated software programs using graphical user interfaces, drag-and-drop tools, and pre-made modules. This method facilitates the rapid development of customized software for commercial purposes by bypassing the necessity for hand-coded solutions. Low-code platforms also offer great adaptability and scalability to accommodate the inevitable changes in a company's app requirements.</p><h2>What Is A Low-Code Platform?</h2><p>A low-code software development platform allows users to create applications using only visual interfaces and drag-and-drop tools, rendering traditional manual coding archaic and obsolete. These great platforms proffer pre-built templates, workflows, and integrations that leave users in awe, for they can quickly build and deploy custom applications that meet their specific business needs. Moreover, these low-code platforms have many built-in features, such as security, scalability, and data management that need spellbinding. They allow users to create robust and scalable applications without extensive coding knowledge or expertise.<o:p></o:p></p><p>These otherworldly low-code platforms aim to expedite the application development process with the almighty power of magic, all while reducing costs and making it easier for mere mortals, also known as non-technical users, to participate in the development process.&nbsp;</p><h2>Features of Low Code Development</h2><div><ul><li><strong>Visual Modeling Tools</strong>:&nbsp;&nbsp;When it comes to low-code development, it's all about using pre-made templates and visual interfaces. As a result, it is easy to build programs. Low-code systems have pre-existing <a href="https://en.wikipedia.org/wiki/Low-code_development_platform">modules</a> that accurately match the specifics. Therefore, it is appropriate for both novice business users and expert programmers. Low-code effectiveness allows you to enjoy the ease of the no-code strategy.<br><br><o:p></o:p></li><li><strong>Drag-And-Drop Interface:</strong> With these low-code systems, you can drop your content where you want. This trait is crucial and incredibly helpful. That makes it much quicker to develop new apps. Programmers of all skill levels can benefit from this.<br><br><o:p></o:p></li><li><strong>Scalability</strong>: With any low-code platform, scalability is a major concern. With low-code systems, adding more resources as the user base expands is easy because of the system's inherent scalability. In particular, this helps medium and small businesses that are growing. Companies can ensure their apps are ready for peak usage with the help of a low-code platform without investing heavily in new computer systems or extra employees. Many companies in today's fast-paced market are adopting low-code platforms because of the agility and responsiveness they provide.</li></ul><h2>Benefits of Low-Code Platforms to Small and Medium-Sized Businesses</h2><p><span lang="EN-US">Here are some of the ways low-code platforms can benefit small and medium-sized businesses:<o:p></o:p><o:p></o:p><o:p></o:p></span></p><ul style="list-style-type:disc;"><li><p><span style="font-family:Symbol;" lang="EN-US"></span><span dir="LTR"></span><span style="color:#0E101A;" lang="EN-US"><strong>Faster Time to Market</strong></span><span lang="EN-US">: The potential to drastically reduce development time is a significant perk of low-code platforms. With conventional coding approaches, businesses can create apps with low-code media in a fraction of the time it would normally take. This enables enterprises to meet the demands of their customers and adapt to shifting market conditions more rapidly. A quicker time-to-market can be a game-changer for SMBs wanting to gain an edge.</span></p><p><span lang="EN-US"><o:p></o:p></span></p></li><li><p><span style="font-family:Symbol;" lang="EN-US"></span><span dir="LTR"></span><span style="color:#0E101A;" lang="EN-US"><strong>Cost Savings</strong></span><span lang="EN-US">: Low-code platforms are helpful to small and medium-sized businesses (SMEs. They help keep software development costs down; traditional app development typically necessitates hiring skilled programmers and designers, which might be out of reach financially for new projects. Fortunately, low-code platforms have made it possible for businesses to create apps without the use of costly IT personnel or substantial coding skills or expertise. This can aid SMEs in better allocating their resources and allowing them to concentrate on other parts of their operations.</span></p><p><span lang="EN-US"><o:p></o:p></span></p></li><li><p><span style="font-family:Symbol;" lang="EN-US"></span><span dir="LTR"></span><span style="color:#0E101A;" lang="EN-US"><strong>Increased Agility</strong></span><span lang="EN-US">: Companies today need to be nimble and quick to adapt to the ever-evolving nature of the market. Companies can swiftly adjust to new demands thanks to the adaptability of low-code platforms. With a low-code platform, businesses can quickly make changes and updates to their apps without taking them offline for long periods. This enhanced responsiveness can help organizations maintain a competitive edge and capitalize on emerging possibilities.</span></p><p><span lang="EN-US"><o:p></o:p></span></p></li><li><p><span style="font-family:Symbol;" lang="EN-US"></span><span dir="LTR"></span><span style="color:#0E101A;" lang="EN-US"><strong>Improved Collaboration</strong></span><span lang="EN-US">: Companies can streamline their efforts to work together on app development projects by using low-code platforms that are built to facilitate communication and cooperation among employees. Teams can work together in real-time on app development projects using low-code platforms by exchanging ideas, feedback, and progress reports. This can aid SMEs in developing apps that better serve their clientele and enhance operational efficiency.</span></p><p><span style="font-family:Symbol;" lang="EN-US"></span><span dir="LTR"></span><span style="color:#0E101A;" lang="EN-US"><strong>Greater Control</strong></span><span lang="EN-US">: The low-code platform gives enterprises more say in their app creation processes. With a low-code platform, businesses may tailor their apps to their needs without hiring expensive programmers or relying on third-party service providers. Small and medium-sized enterprises can benefit from this increased leverage by having a more significant say over app development initiatives and the ability to guarantee that such projects are tailored to their specific needs.</span></p><p>&nbsp;</p></li></ul><h2>Conclusion</h2><p>In conclusion, low-code platforms provide numerous advantages for small and medium-sized businesses that want to build applications quickly and efficiently. Companies that want to stay ahead of the curve and preserve their competitive advantage should invest in low-code platforms because they can shorten time to market, save costs, expand flexibility, improve collaboration, and give them more control. As the demand for mobile apps rises, low-code platforms will become increasingly important for SMBs looking to capitalize on this development.<br><br>&nbsp;</p><hr><p>Tired of coding complexity? <a href="https://qodly.com/" target="_blank">Qodly</a> offers a low-code solution for building web apps quickly and efficiently. Backed by 4D's decades of experience, you can create custom applications without sacrificing performance or flexibility.</p></div>