Month: September 2024

The low-code development market is set to grow from $7.61 billion in 2021 to $36.43 billion by 2027. These platforms, which can reduce development time by up to 90%, are becoming crucial in software creation. By 2025, 70% of business applications are expected to use low-code and no-code technologies.

Driven by the demand for efficiency, adaptability, and rapid deployment, low-code platforms are revolutionizing the industry. These platforms empower users with minimal coding experience to create applications, fostering greater agility and innovation. This shift is enabling organizations to quickly adapt to changing demands and streamline their development processes.

Leading companies like Salesforce, Microsoft, Appian, Oracle, and others are at the forefront of this market. They are driving its growth and shaping the future of application development, making low-code and no-code technologies pivotal to the next generation of business solutions.

The latest market intelligence report from WMR, titled “Global Industry Model Low-Code Development Service Market 2024, Growth Opportunities, and Forecast,” sheds light on the rapidly evolving landscape of low-code development services. The report provides a comprehensive analysis of market trends, growth factors, and competitive dynamics, offering valuable insights for businesses and stakeholders in the industry. With a detailed examination of demand, pricing, and key business metrics, the report serves as a crucial resource for understanding the future trajectory of the low-code market.

Key trends highlighted in the report include the democratization of app development, which empowers non-technical users to participate in digital projects, thus reducing reliance on costly custom development. This trend is complemented by agile development at scale, where organizations use low-code platforms to rapidly prototype and deploy solutions while ensuring compliance and security. The report also notes the accelerated platform penetration by major vendors like Mendix, OutSystems, and Microsoft, who are expanding their offerings to target new industries and use cases, driving market growth.

Additionally, the report emphasizes the growing importance of multi-cloud integration and its impact on hybrid cloud deployments and seamless data sharing. It also highlights how low-code platforms are enhancing customer experience (CX) through innovative digital solutions such as conversational interfaces and multiplayer VR environments. These advancements are transforming customer service and setting new standards in the industry. For those interested in a deeper dive into these trends and market forecasts, the report offers a detailed analysis available with up to 70% discount through the provided link.

Modernizing legacy systems in the federal government has traditionally been slow, expensive, and reliant on specialized developers, leaving business teams with little input. Low-code development platforms are changing this by enabling non-technical staff to build and update applications quickly through drag-and-drop tools. This shift allows business teams to actively participate in development, creating solutions that better meet their needs.

Low-code platforms also simplify the integration of advanced technologies like AI and automation, streamlining tasks such as contract writing and case management for faster, more accurate results. Additionally, the creation of Centers of Excellence (CoEs) within agencies ensures the secure, scalable, and effective use of low-code tools, maximizing their benefits while managing risks.

In summary, low-code platforms are revolutionizing federal system modernization by making it faster, more affordable, and better aligned with user needs. As these tools continue to evolve, they will further enhance government agility and efficiency.