According to Gartner Inc.There is a worldwide market for low code development technologies. forecast A total of US$26.9 billion in 2023, representing an increase of 19.6 percent from 2022.
a Growth in Business Technologistsenterprise-wide automated work processes And creative business initiative Following rising demands for optimized customer experiences, as well as economic pressures, and the high cost of technical talent, rapid adoption of low code technologies has been reported.
“Equipping both professional IT developers and non-IT personalities – business technologists – with diverse low-code tools enables organizations to reach the level of digital competency and delivery speed required for modern agile environments.” said Varsha Mehta, senior market research specialist at Gartner.
Low-code application platforms (LCAPs) are projected to be the largest component of the low-code development technology market, growing 25 percent to reach approximately US$10 billion in 2023.
Citizen Automation Development Platform (CADP) is projected to grow at the fastest pace with a 30.2 percent growth forecast for 2023. service applications, and creating reports and data visualizations.
Gartner also predicts that, by 2026, developers outside formal IT (information technology) departments will account for at least 80 percent of the user base of low-code development tools, up from 60 percent in 2021.
