Is Low-Code, No-Code Development a Potential Path for Future App Creation?
In the rapidly evolving world of technology, a new approach to software development is gaining traction: Low-Code/No-Code (LCNC). This methodology, driven by the urgent need for faster, more flexible app development amid a persistent tech talent shortage, is forecasted to surpass $65 billion by 2027.
The benefits of LCNC are manifold. It offers speed and flexibility, favoured by 83% of large businesses for flexibility and 63% for speed. By empowering non-technical users, LCNC addresses the anticipated global developer shortage of 85 million by 2030. Furthermore, LCNC development can cost up to 80% less than traditional development, significantly lowering upfront development and ongoing maintenance expenses.
LCNC also enables automation of repetitive tasks, saving time and improving quality using existing skill sets. The fusion of low-code with AI, such as the introduction of Low-Code AI Toolkits and AI-native platforms, enhances data analytics, user experience, and development speed.
However, it's important to note that LCNC tools will not wholly replace traditional development. They are most effective for rapid prototyping, internal tools, Minimum Viable Products (MVPs), and customer portals but may lack the customization or complex capabilities required for some enterprise-grade apps. Scaling with complex logic or integrating deeply customized features might require transitioning to traditional development eventually.
Despite these limitations, the market outlook for LCNC is highly bullish. The LCNC market is projected to explode from $37 billion in 2025 to over $264 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 32.2%. Continued integration with AI is expected to be a major accelerant to LCNC adoption, allowing enterprises to harness AI-driven development without costly IT projects.
By 2024, Gartner forecasts over 65% of development will leverage LCNC platforms, underscoring the mainstreaming of these tools in software development. Enterprises will increasingly adopt LCNC not only for building apps but for digital transformation, business process automation, and innovation, significantly impacting IT and development landscapes across industries.
In conclusion, LCNC is a transformative and rapidly growing approach to software development. It offers substantial benefits in cost, speed, and accessibility but complements rather than replaces traditional development methods. The market outlook is highly bullish, projecting vast growth and increasing AI integration, marking LCNC as a cornerstone in the future of application development.
- In the realm of business, the integration of Low-Code/No-Code development with Artificial Intelligence (AI) technologies is expected to revolutionize finance by enabling enterprises to develop AI-driven applications without expensive IT projects.
- As the demand for mobile app development intersects with the evolving lifestyle of consumers, Low-Code/No-Code methodologies could play a significant role in driving technological advancements, offering accessible development options and cost savings for various industries.
