The landscape of software development is undergoing a profound transformation, and at the heart of this revolution is the Low-Code industry. Fueled by the widespread adoption of remote work and the escalating demand for agile and efficient business systems, low-code development has emerged as a transformative force shaping the future of application creation.
Historically, software development has been a domain characterized by intricate coding, lengthy development cycles, and a reliance on specialized technical expertise. However, the rise of this platform represents a departure from this conventional approach.
Validating this rise are the market forecasts predicting that the global low-code market will reach $187 billion by 2030. This impressive growth is attributed to a compound annual growth rate of 31.1% from 2020 to 2030, with COVID-19 accelerating the expansion.
Join us on this blog as we unravel a host of key trends and predictions that define the fascinating future of low code. Together, we’ll explore the forces propelling this industry forward and the innovations set to reshape the way we approach and create applications.
Adoption in Businesses:
As the economy remains to be turbulent, businesses continue to face budget constraints while grappling with evolving expectations. Many have found a lifeline in Low-code platforms as a strategic means to continue adding essential features.
For instance, IT leaders currently find themselves trapped by ticket backlogs, with 72% reporting interference in strategic projects. This burden of maintaining legacy systems can be significantly alleviated with the streamlined approach of this platform.
Executives are recognizing the critical role of low-code platforms, with 26% considering them the most crucial investment in automation – a significant increase since the pandemic. This shift in perception aligns with the overarching trend of a talent shortage, as many companies struggle to attract and retain software engineers and developers, a challenge expected to intensify post the Great Resignation.
The impact of COVID-19 has accelerated the adoption of these solutions, especially as remote work becomes the norm. Looking ahead, as economic challenges persist, businesses are reevaluating their strategies. Half of IT leaders anticipate incorporating low-code or no-code (LCNC) technology by 2025, recognizing its huge potential. By optimizing their LCNC stack, organizations can achieve cost reductions, enhance business resiliency, and equip themselves with responsive tools for navigating an increasingly competitive landscape. Low code isn’t just a quick fix; it’s a strategic investment for long-term success.
Introduction to Newer and Diverse Applications:
Low-code platforms are on the forefront of revolutionizing application development, transcending traditional boundaries and seamlessly integrating cutting-edge technologies. Some of these exciting applications can include:
- AI-Driven Low-Code platforms: An amalgamation of these platforms with AI can revolutionize app development by automating tasks, offering recommendations, and enabling real-time insights. Natural language processing bridges communication gaps, making AI accessible to a broader audience for smarter applications.
- IoT-Enabled Low-Code Platforms: Low-code simplifies IoT applications by automating real-world tasks, like production line workflows. An integrated low-code app responds to IoT device data, triggering and expediting maintenance tasks. Benefits include speedier development, robust security, cross-platform compatibility, extensive integrations, advanced analytics, and addressing skill shortages with an easy-to-use platform for IoT app development.
- Blockchain Integration: Blockchain and low code form a symbiotic alliance, redefining application development. Low-code platforms bring speed and agility, while blockchain ensures transparency and trust. Together, they create a potent tool, reducing costs and risks for businesses. Low-code blockchain platforms empower companies to adopt blockchain without coding knowledge, offering flexibility, scalability, security, and speed to market for blockchain applications.
- Sustainable Technology Solutions: Low-code platforms contribute to eco-conscious practices by enabling sustainable tech solutions and by leveraging reusable components and standardized frameworks. This minimizes redundant code, decreases energy consumption and ultimately contributes to a greener future.
What’s driving this change?
Enter the “Citizen Developer” – basically, a business user who can write code with the help of low code platforms. This can be attributed to the rise in demand from businesses that want to roll out new features quickly and aim to save time and money in the process.
The Citizen Developer is proof that coding skills are spreading across the business landscape, making innovation and quick thinking everyone’s business. Also, collaboration between citizen developers and their traditional counterparts is not to be seen as a clash of methodologies but a harmonious symphony, orchestrating a future where technology is accessible to all, without compromising on the depth and complexity that traditional software development brings to the table. As we ride the wave of the LCNC revolution, one thing is certain – the future of software development is more inclusive, efficient, and exciting than ever before.
As businesses adapt to the new normal, embracing LCNC isn’t merely a trend to be dismissed; it has become an indispensable key to unlocking success in the contemporary business paradigm.
And now, enter your key to Success – Amoga!
Amoga, a leading low-code platform, revolutionizes application development, offering businesses rapid deployment of enterprise-grade applications at a fraction of traditional costs. With a user-friendly interface and pre-built components, Amoga accelerates innovation, democratizes development, and provides key benefits such as up to 90% faster development, reduced costs by eliminating the need for large developer teams, increased agility to adapt to changing needs, and enhanced security with enterprise-grade features.
Request a demo today and discover how Amoga can transform your business.