By 2024 75% of large enterprises will be using at least four low-code development tools for both IT application development and citizen development initiatives.
Additional Information: The use of low-code development tools is becoming increasingly popular among large enterprises. This is due in part to the fact that these tools make it easy for developers to create applications without having to write code from scratch. In addition, low-code development tools can be used by citizen developers to create applications without having any coding experience. This makes them ideal for quickly creating prototypes or MVPs.
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In 2017, companies built 60% custom apps outside the IT department.
In a 2019 survey from Appian, 79% of IT developers said that low-code can improve job satisfaction by reducing pressure, demands, and stress on departments.
The average software developer salary in 2020 was more than $100K a year in the US. Though no-code solutions don’t fully replace a developer functionally, they help developers focus on more difficult projects and they cost significantly less than hiring a new developer.
26% of executives believe low-code platforms are the most critical investment in automation (from 10% pre-pandemic).
By 2030, global low-code development market is expected to grow to $187 billion revenue, 31.1% CAGR.
41% of developers want more than half the apps their organizations make to be built on low-code platforms.
Most Enterprises (80%) will have policies in place for citizen developers by 2024.
By 2025, low-code or no-code system will be used to develop 70% of businesses’ application.
In 2021, 38% of organizations’ low-code development was used for data modeling and visualization.
More than 1 out of 3 no-code users are currently technical professionals who choose to use the tools anyway.
More 2021 Stats
With nine in 10 companies planning a hybrid model moving forward, organizations must reinvent the processes and tools they previously relied on
Around 50% of consumers will use mobile messaging apps for customer service and support.
58% of companies found over 1,000 folders with inconsistent permissions, showing that access policies need a lot of work for many.
34% of data breaches involved internal actors
IDC predicts that the global population of low-code developers will have a compound annual growth rate of 40.4% between 2021 to 2025.
The BPM industry has grown between $13 billion to $14 billion by 2021
73% of CFOs state their businesses are already streamlining workflows and processes with automation and integrations
During the period 2021-2028, the BPM market is expected to increase at a CAGR of 12.0%
Research found that companies with elite-performing engineering organizations are twice as likely to achieve their organizational goals and achieve a 50% higher growth rate over three years.
About 69% of businesses have adopted cloud-computing technology.